lake charlevoix: Waterfront Foreclosures in Northern Michigan
- 01/30/12 07:12 AM
Savvy buyers are benefitting from emerging waterfront foreclosures and short sales. For decades foreclosures on waterfront in Northern Michigan were rare and always sold prior to the redemption period so the banks never ended up getting the property back. Only recently have we started to see bank owned properties on prestigious bodies of water such as Lake Charlevoix or Lake Michigan. These bank owned properties tend to be priced under the market for a quick sale, the banks preferring not to hang on to them for more than 30 to 90 days. A few owners who used their high value properties … (1 comments)
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