Otsego County's Current Foreclosure Inventory For Sale - 4/22/11

Here's our local MLS's current inventory of residential foreclosures (1,2 ) in Otsego County.  Thirty-two actively marketed properties represents just over 8% of all Otsego County residential listings, a 20% decline given sales of foreclosures without a corresopnding resupply of new listings. 

 

Opportunities:

  • 12 homes priced less than $50,000 - Financing available including financing for immediate improvements to update these homes and to earn instant equity at move-in.  Ask Mike for details.
  • Great locations:  Otsego Lake, Michaywe, Gaylord West, and Glen Meadows
  • 2 properties with acreage (five of six previous listings sold with one new listing added with acreage)
  • 1 waterfront property - Ottawa Lake - priced at $64,700!
  • Golf frontage condo on Michigan's only Tom Fazio-designed golf course located at Treetops.  Good shape, move-in ready at a great price and income producing as well!
  • 1condoother golf frontage condo - Mountain Lakes Golf Course

 

 

 

1)  The above embedded links are valid until 5/22/2011.

 2)  Disclaimer:  There is no field titled "foreclosures" in our MLS database.  Instead Realtors glean foreclosures from two Seller type categories and possibly a third:  Repossession and Bankruptcy.  Some Realtors may also list their foreclosures with the seller categorized as 'Corporation' though that group of listings predominately to always represents homes purchased by employers to help their employees relocate.

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Mike Heath

Mike Heath

Sales Mgr,Realtor®, 6501234239
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