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| Frequently Asked Questions |
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I am facing foreclosure in my own home, can you help me?
Michigan Foreclosure Liquidators focuses on selling foreclosure
properties to investors and homeowners. Our affiliate company, We
Offer Today, works with homeowners in distressed situations. Please
visit WeOfferToday.com for more information on how they can help you with your situation.
Aren't all foreclosure houses good deals? Not necessarily. Just because a home is listed as 'bank owned' or 'foreclosure' or 'REO' doesn't mean that you are getting the best deal. The structural soundness and house layout are important factors as well as price and location when considering purchasing a foreclosure house. At Michigan Foreclosure Liquidators, we take care of all of this for you by screening thousands of foreclosure properties and only serving you the best deals on the market.
Can you help me get financing for a home?
Yes. We have our own "in-house" mortgage professional as well as
direct connections to reputable banks and finance companies that can
fit a home purchase financing option to your needs.
Contact us for more information on how we can get you the financing you
need for your home.
I am an investor: do you help with finding tenants?
Yes. We help our investor buyers in finding rental and rent-to-own tenants. Contact us for more information on this.
What is the process for purchasing a home from you? Purchasing from us is easy:
Is Michigan Foreclosure Liquidators licensed?
Yes. We are a licensed brokerage with the State of Michigan. All of our sales representatives are licensed agents as well. HOWEVER, the difference between us and other agencies or brokers is that WE OWN all of the homes that we sell. That means that we can make a fast and final decision if we will accept an offer or not. Gone are the days of submitting an offer through an agent and waiting 7 days or more to hear back. At Michigan Foreclosure Liquidators, you'll have an answer within hours. Is the 'Cash' price for your houses different from the listed price? Our listed prices represent the absolute lowest price houses you can own or hold as rentals that are rock solid and will give you plenty of equity and/or cash flow. With this being the case and with so many buyers, we rarely discount the prices of our properties. HOWEVER, we look at and evaluate every offer that we receive. Do you sell your houses on rent-to-own? We will often make select properties available for rent-to-own - for qualified buyers. Check our property listing page regularly to see which ones are available for rent-to-own. Can't I find a better deal on my own? Maybe. But we doubt it. Our full time profession is locating and acquiring the best homes at the absolute best prices. You may find a cheaper home, but chances are it isn't in as good of condition as one of ours. You may find a home that needs less work, but it won't be nearly as cheap as what we can provide you with. Ous passion and our speciality is getting our clients the absolute best housing deals on the planet. Bar none. Our best advice to you is to focus on what you do best and let us focus on what we do best. This way, everyone wins. What kind of permits or certifications will I need when I purchase a home?Permits, licenses and certifications needed for your home or rental property are dependent upon the municipality of the property. We will provide you with all of the contact information for the requisite departments for whichever city or town you purchase in from us. Do you perform repairs and renovations? No. At this time we do not offer contractor services through Michigan Foreclosure Liquidators. However, we have a stable of seasoned and well qualified licensed and insured contracts that we will put you in touch with and help you work with to ensure a top quality and cost effective rehab of any home that you purchase from us. What does purchasing a foreclosed home entail? Purchasing a home that has been foreclosed can represent a great opportunity to pick up a home at a discounted price. The prices are discounted because foreclosed properties have typically been neglected, vacant and otherwise in disrepair. Purchasing a foreclosed home can entail a great deal of renovation, which means out of pocket costs for buyers. However, the rewards of purchasing a home in this manner are: increased equity for the purchaser an a high-yield cash flow asset for those that purchase for investment property. When purchasing a foreclosed home, you can expect the home to need some amount of repair work - so plan accordingly! What is an REO?An REO is a "Real Estate Owned" property. An REO property is one that the bank, mortgage or finance has taken back from a non-paying occupant and is making available for sale. Do all of your properties need repairs? Most of them do. We sell most of our properties in 'as-is' condition. This means that the house may need only a furnace and new carpeting or it could need a complete rehab from top to bottom. It all depends on the house and what you are looking for and how much money you want to make. How are your houses available for so cheap? We deal directly with banks, asset managers, REO listing agents and other sources to cut out all the possible middle men and deliver the best value to YOU. Do you provide financing? Yes. We provide short-term purchase and rehab financing for qualified buyers. Please contact us for more information about our financing programs. |