West Bloomfield Foreclosures

There are very few West Bloomfield foreclosures and they may not be a deal because the banks know what the houses are worth.  The banks in today's current seller's market are not discounting foreclosed homes.  Sometimes these West Bloomfield bank foreclosures are more expensive than similar homes.  Sometimes it is smarter to buy another home rather than a foreclosure just because of the costs of repairing the home.  Many times the old owner did not have the money or care to keep the house up before it went into foreclosure.  The owner may have taken parts of the house.  I have seen where they have taken the cabinets, or the whole bathroom out.  So when shopping for a home, look at the foreclosures but do you research and see if it is a deal.  Check out top West Bloomfield realtors 

When you buy a West Bloomfield foreclosure you will get seller's diclosures that will be blank or have exempt on them. Banks are exempt from filling out seller's disclosures because they have no knowledge of what the previous owner/mortgagee did to the house. The bank has no clue when the roof was put on or whether there has been water in the basement. So how can they fill it out?

Is West Bloomfield safe?

So by law they are exempt from filling out a seller's disclosure on that West Bloomfield foreclosure. So you as a buyer have to do is hire a good inspector to look the house over carefully. A good home inspector should be able to find the issues with that West Bloomfield Foreclosure.  

Bottom line is that West Bloomfield foreclosures may not be a deal, because by the time you add in the cost of repairs it may be a smarter decision to buy a home that is in better condition.  Whether you are looking to buy a West Bloomfield foreclosed home, a West Bloomfield lake home, or any home in West Bloomfield give me a call at 248-310-6239

Remember we participate in Michigan Hometown Heroes program for first responders, veterans, medical professionals, and educators.  You may be able to save thousands on your next home purchase.  Email me at yesmyrealtor@gmail.com to learn more about this great program.

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