Here's our local MLS's current inventory of residential foreclosures (1,2 ) in Otsego County.
- 13 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, West Lake Dr., Michaywe, Crestwood, and Glen Meadows
- 5 properties with acreage
- 1 waterfront property - Otsego Lake
- Golf frontage 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!
- Mountain Lakes condo with golf frontage
1) The above embedded links are valid until 5/6/2011.
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 list foreclosures with the seller categorized as 'Corporation'. As of the date of this blog post, all three active listings categorized as 'Corporation' appear to reflect properties owned by corporations relocating the previous owners; so I choose to not report this category as foreclosures. That might lead to under-reporting of foreclosure inventory and sales.