Free Foreclosure List in Monroe County, Michigan
Foreclosures for sale Monroe County MI as of 10/16/2011
To Search all Monroe Michigan Homes for Sale go here Here is our latest blog post on current foreclosures and bank owned homes on the market in Monroe County Michigan. Please visit our other blog posts on current homes with acreage in Monroe County and Vacant Land. This post can be located on Craigslist Monroe… Read More

Free Foreclosure List for Monroe County Mi as of Sept 6, 2011
To Search all Monroe Michigan Homes for Sale go here Here is our latest blog post on current foreclosures and bank owned homes on the market in Monroe County Michigan. Please visit our other blog posts on current homes with acreage in Monroe County and Vacant Land. This post can be located on Craigslist Monroe… Read More
Ask the Realtor via Bedford Now
Question: I’ve heard there’s a lot of foreclosures out there and more coming, is that true?
Answer: Not exactly. In fact, the number of homes for sale in the County are down from previous years overall. Foreclosures are no different. Compared to the last 4 to 5 years, there’s far fewer foreclosures available now. PLUS, the Michigan Court of Appeals just issued a ruling that has made a very large number of foreclosures invalid—this may require that banks pull some foreclosures off the market, and not release others for sale until the issue is cleared up. For buyers who are waiting thinking there’s more “Deals” coming, you may not want to wait much longer, and if you’ve wanted to sell–you may not have the competition of foreclosures for a couple of months which would be a great time to sell!
If you would like to submit a question for our Ask The Realtor section that is real estate related in the Monroe County Michigan area please email Michael at thompgroup@gmail.com
Michael E Thompson
The Thompson Group
Key Realty One
734.395.4833
Associate Broker
http://www.Thompgroup.com
- Search all Monroe County MI Homes For Sale here
Question: Can banks try to collect money from me after a foreclosure or short sale?
Answer: The simple answer is yes. Michigan is what is called a recourse state, meaning if there’s a difference in what you owed the bank and what the bank collects they do have the right to try and collect. Due to how banks were foreclosing we didn’t see this very much just a couple of years ago. Now, banks are becoming increasingly aggressive. Its why I advise anyone who’s facing one of these difficult choices to due a settlement not a short sale–the difference–that’s another topic.
–
If you would like to submit a question for our Ask The Realtor section that is real estate related in the Monroe County Michigan area please email Michael at thompgroup@gmail.com
Michael E Thompson
The Thompson Group
Key Realty One
734.395.4833
Associate Broker
http://www.Thompgroup.com
- Search all Monroe County MI Homes For Sale here















