Detroit Bank Owned Properties

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Detroit is located in the state of Michigan, in the Great Lakes region. It is the largest city in this state and the county seat of Wayne County. Detroit is an important port for the Midwest, located on the river bearing the same name. Detroit was founded in 1701 by Antoine de la Mothe Cadillac. Detroit comes from the French for strait (détroit,) which makes sense considering the city's specific location on the Detroit River.

Traditionally, Detroit is considered the world center for everything automotive – although manufacturing is increasingly been outsourced to other countries and the automotive industry in Detroit has been steadily declining in the past decades. Detroit is also known as Motown and Motor City, especially in the music business. It has been the source for some very important trends in pop music. Detroit, also known as the City of Champions, thanks to its consistent wins in sports, especially hockey (Detroit is the home to the very successful NHL franchise, the Red Wings.)

Detroit is number eleven in the rankings of cities in the United States (by population.) Detroit has a relatively low population of 910,920 but a huge metropolitan area. Many of its residents have migrated towards the suburbs. The Detroit Metropolitan area is also ranked 11th in the country in population and is a very important commercial hub in regards to trade with Canada.

The average residential square foot in Detroit sells for $60. The average home sells for around $55,500. The average price has greatly decreased in the past years. There are around 6,700 residential properties in some stage of foreclosure, for those interested in buying cheap and reselling. The most popular higher-middle class neighborhood, with very good schools and parks, is Indian Village. Rosedale Park, with an average listing of $52,800 is a popular lower income community.

• » Detroit
• » Livonia
• » Redford
• » Westland
• » Dearborn
• » Taylor
• » Dearborn Heights
• » Canton
• » Belleville
• » Lincoln Park
• » Grosse Pointe
• » Northville

• » 48224
• » 48219
• » 48228
• » 48235
• » 48227
• » 48205
• » 48221
• » 48234
• » 48223
• » 48238
• » 48213
• » 48204

Our listings includes Bank of America foreclosures in Detroit MI, Wells Fargo Foreclosures in Detroit MI, and a lot more of trusted sources, like:

• » Fannie Mae REO in Detroit MI
• » Detroit MI Freddie Mac Foreclosures
• » JP Morgan Chase Foreclosures in Detroit MI
• » Detroit MI Citibank Foreclosures
• » Wachovia Bank Owned Properties in Detroit MI
• » Detroit MI Suntrust REO Homes
• » HSBC Bank Foreclosures in Detroit MI
• » Foreclosure Apartments in Detroit MI