Grosse Ile FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in Grosse Ile, Michigan.

Total: 6
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
1
17 Photos
DALLAS DR Grosse Ile MI 48138 Foreclosures 2 1 $74,900.00 Details
2
16 Photos
REO RD APT D Grosse Ile MI 48138 Foreclosures 2 1.5 $30,000.00 Details
3
10 Photos
THOROFARE RD Grosse Ile MI 48138 Foreclosures 4 1 $189,900.00 Details
4
14 Photos
7TH ST Grosse Ile MI 48138 Foreclosures 3 1.5 $76,230.00 Details
5
12 Photos
ELBAMAR DR Grosse Ile MI 48138 Auctions 3 3 - Details
6 -
0 Photo
CHURCH RD Grosse Ile MI 48138 Foreclosures - - - Details
About our Listings

How to Buy Grosse Ile Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Grosse Ile, MI starts with finding listings. By browsing Grosse Ile foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in Grosse Ile, MI.

>> See more info about how to Buy foreclosures

How to Invest in Grosse Ile Foreclosures

How to invest foreclosure

Grosse Ile foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best Grosse Ile real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Grosse Ile foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at Grosse Ile foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in Grosse Ile

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Grosse Ile will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in Grosse Ile, MI. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Grosse Ile apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

Michigan Foreclosure Laws

Foreclosure law

Michigan real estate foreclosures generally are non-judicial foreclosures, meaning that real estate brokers are allowed to pursue a foreclosure on a homeowner in default without first getting a court approval. Before distressed properties in Michigan can be sold as foreclosure houses, a lender must issue a Notice of Default and give the homeowner 60 days to pay their debt. After that time, a sale can be scheduled for no less than 21 days in the future. If a home does not sell at auction, the lender takes control of the property; these are known as Michigan REO properties.

Grosse Ile Banks Foreclosures

Bank Foreclosure

Grosse Ile bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in Grosse Ile, MI are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on Grosse Ile bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in Grosse Ile Michigan to be similar to buying from an agent. Check our Grosse Ile bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

Grosse Ile Government Foreclosures

Government Foreclosure

Grosse Ile Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in Grosse Ile MI are another popular type of foreclosure, as are VA foreclosures in Grosse Ile, which are available from the Veterans Affairs Department for especially great deals. Check our Grosse Ile government foreclosure listings.

>> See more info about govermment foreclosures

Grosse Ile Pre-Foreclosures

Foreclosure

PreForeclosures in Grosse Ile are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a Grosse Ile Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

Grosse Ile Foreclosure Auctions

Foreclosure Auction

Most Grosse Ile foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in Grosse Ile, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in Grosse Ile, MI. We offer a comprehensive Grosse Ile foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Grosse Ile, Michigan

Find Home Foreclosure Listings in Grosse Ile, MI

Grosse Ile foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in Grosse Ile, MI and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in Grosse Ile Michigan, best affordable foreclosure condo in Grosse Ile, cheap apartments for sale, bargain foreclosed homes for sale in Grosse Ile, MI and earn huge savings on the homes YOU want to buy!

Our Grosse Ile Foreclosure Lists

You can find Grosse Ile foreclosure homes for sale which you can buy for living or investment. Simply click through our Grosse Ile foreclosure home listings to find government foreclosures and bank owned homes in Grosse Ile area. If you're searching for a deep discount or low prices on real estate then searching our Grosse Ile foreclosure lists for homes foreclosure for sale or short sale listing in Grosse Ile is your answer. Our up-to-date Grosse Ile short sale listings provide the latest investing opportunities on affordable Grosse Ile bank owned property listings, government pre foreclosure lists, Grosse Ile banrkuptcy homes and Grosse Ile HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in Grosse Ile, you should have little trouble finding the cheapest deal on a foreclosed home in Grosse Ile, Michigan.

You can also search Garden City foreclosure listings and Inkster foreclosure listings for more properties in the neighboring area.



Grosse Ile, MI

As of 2011, Grosse Ile's population is 9,490 people. Since 2000, it has had a population growth of -12. 82 percent. The median home cost in Grosse Ile is $275,800. Home appreciation the last year has been -3. 55 percent. Compared to the rest of the country, Grosse Ile's cost of living is 13. 20% Higher than the U. S. average. Grosse Ile public schools spend $5,757 per student. The average school expenditure in the U. S. is $5,678. There are about 17. 8 students per teacher in Grosse Ile. The unemployment rate in Grosse Ile is 12. 70 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. Grosse Ile jobs have Decreased by 2. 89 percent. Average Commute time is 31 minutes. The National Average is 28 minutes.

Peoplegrosse-ile, miUS
Population9,490307,829,557
Pop Density1,03387
Pop Change-12.82%9.34%
Median Age47.836.6
Households3,584116,329,167
Household Size2.632.58
Male Population49.71%49.31%
Female Population50.29%50.69%
Married Population64.34%47.15%
Single Population35.66%52.85%
Estimated Households By Household Incomegrosse-ile, miUS
Income Less Than 15k2.77%12.10%
Income Between 15k And 25k4.08%10.18%
Income Between 25k And 35k4.28%10.56%
Income Between 35k And 50k8.84%14.98%
Income Between 50k And 75k17.34%19.53%
Income Between 75k And 100k16.73%12.52%
Income Between 100k And 150k24.05%12.14%
Income Between 150k And 250k11.41%3.91%
Income Between 250k And 500k8.87%3.34%
Income Greater Than 500k1.62%0.75%
Economygrosse-ile, miUS
Unemployment Rate12.70%9.10%
Recent Job Growth-2.89%-0.12%
Future Job Growth21.52%31.25%
Sales Taxes6.00%6.80%
Income Taxes4.35%6.25%
Income Per Cap$44,057$27,067
Household Income$94,086$52,954
Housinggrosse-ile, miUS
Median Home Age42.135.1
Median Home Cost$275,800$175,100
Home Appreciation-3.55%-3.15%
Homes Owned86.02%59.90%
Housing Vacant8.66%10.37%
Homes Rented5.31%29.73%
Property Tax Rate$15.50$11.20
Owner Occupied Housing Units By Valuegrosse-ile, miUS
Less Than 20k0.00%2.65%
20k To 399990.00%3.76%
40k To 599990.27%4.99%
60k To 799990.56%6.01%
80k To 999991.04%7.27%
100k To 14999910.34%19.24%
150k To 19999916.01%14.67%
200k To 29999934.90%18.09%
300k To 39999914.88%9.14%
400k To 4999998.38%4.94%
500k To 7499998.52%5.42%
750k To 9999993.83%2.03%
1kk Or More1.28%1.77%
Educationgrosse-ile, miUS
School Expend$5,757$5,678
Pupil Teacher Ratio17.814.9
Students Per Librarian670803
Students Per Counselor503513
2 Yr College Grad9.37%7.47%
4 Yr College Grad26.76%17.42%
Graduate Degrees21.47%10.12%
High School Grads96.50%84.72%
Crimegrosse-ile, miUS
Violent Crime44
Property Crime44
Housing Units By Year Structure Builtgrosse-ile, miUS
1999 To 20050.92%13.71%
1995 To 19986.64%8.54%
1990 To 19948.49%5.77%
1980 To 198914.44%13.87%
1970 To 197916.96%16.17%
1960 To 196914.67%11.70%
1950 To 195916.99%11.08%
1940 To 19496.75%6.02%
1939 Or Earlier14.15%13.15%

Table Information