How far below Value are Foreclosures selling for in Ann Arbor Michigan?

We are looking at purchasing a home this month. We have found one we like and I just found out today that the bank foreclosed on it for 75k and they have it listed for 229k. The area is a good area and in a strong market they may get it, but that's not the case. There is work that needs to be done, it's not in turn Read the rest of this entry

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