foreclosure Bank Owned
$30,492 (Market Value)

Wormer Street, Detroit MI 48219

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Wormer Street, Detroit MI
Market Value:
$30,492
(What's this?)
Bedrooms:—
Bathrooms:1
Property type:Single-Family Home
Size:968 sqft
Year built:1955
Added on site:92 days ago
Nearby School:Murphy Elementary Middle School
Neighborhood:The Eye
Zip:48219
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Description provided by Realty Trac
Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property for an estimated consideration (loan balance plus other fees and costs). Foreclosing lenders are often motivated to sell bank-owned properties (also known as REO, or Real Estate Owned) quickly because they are non-performing assets. Please register for a free trial with RealtyTrac to access complete information for this property, including full address, foreclosure details, lender information, and more.  View our Foreclosure Guides

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Foreclosure Types

Pre-Foreclosure
Auction
Bank Owned
 

Bank Owned (REO):

A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer. Read more about Bank Owned Foreclosures »

Foreclosure Guides

Buying homes at public auction

If the loan for a property is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Below are a few pointers on buying a property at auction — you'll learn about the foreclosure auction...

By RealtyTrac | 27 Comments

Beware of Hidden Costs

Liens not cleared by the auction are the buyer's responsibility. If you buy a property at a foreclosure auction, you may end up forking out more than just the winning bid amount to own the property free and clear. That's because some debts attached to the...

By RealtyTrac | 13 Comments

Foreclosure definitions and terms

Learn more about common definitions and terms used throughout the foreclosure process by mortgage lenders, investors, and real estate professionals. Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure...

By RealtyTrac | 33 Comments

View all foreclosure guides »

Contact Info for Wormer St

Agent:
Not available
Listing website

Location Information near Wormer St

Property
Estimates
Schools
Amenities
Transit
$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm
Type GreatSchools Rating Distance
Schools in Detroit Public School District
No public schools where found for this property and grade level.
Murphy Elementary Middle School View Homes Public 1 0.7 mi
Cody - Academy Public Leadership View Homes Public 1 4.4 mi
Charles H Wright Academy View Homes Public 2 1.8 mi
Gompers Elementary School View Homes Public 6 2.5 mi
Emerson Elementary School View Homes Public 2 2.6 mi
Cooke Elementary School View Homes Public 2 2.7 mi
Detroit School Of Arts Wlh View Homes Public - 1.9 mi
Gompers Elementary School View Homes Public 6 2.5 mi
Emerson Elementary School View Homes Public 2 2.6 mi
Center - Literacy and Creativity View Homes Public 2 2.9 mi
Henry Ford High School View Homes Public 1 3.1 mi
Communication and Media Arts High School View Homes Public 3 3.8 mi
Renaissance High School View Homes Public 10 4.5 mi
Randolph Career and Technical Center View Homes Public - 4.6 mi
Private Schools
No private schools where found for this property and grade level.
St Timothy Lutheran School View Homes Private - 1.2 mi
St Valentine School View Homes Catholic - 1.2 mi
Christ The King School View Homes Catholic - 1.6 mi
Gesu Elementary School View Homes Catholic - 2.5 mi
Westside Christian Academy View Homes Private - 3.1 mi
St Timothy Lutheran School View Homes Private - 1.2 mi
St Valentine School View Homes Catholic - 1.2 mi
Christ The King School View Homes Catholic - 1.6 mi
Gesu Elementary School View Homes Catholic - 2.5 mi
Westside Christian Academy View Homes Private - 3.1 mi
Westside Christian Academy View Homes Private - 3.1 mi
Loyola High School View Homes Catholic - 5.8 mi
Divine Child High School View Homes Catholic - 6.2 mi
Southfield Christian School View Homes Private - 6.3 mi
Yeshivas Darchei Torah School View Homes Private - 6.6 mi
indicates schools assigned to this home. School data provided by OnBoard Informatics. Boundaries provided by Maponics.
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Home Estimates near Wormer St

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