New Lothrop FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in New Lothrop, Michigan.

Total: 20
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
There are no Properties matching your search criteria. Showing nearby homes.
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24 Photos
W PEET RD Henderson MI 48841 Foreclosures 3 1 $52,500.00 Details
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MARION ST Henderson MI 48841 Foreclosures 2 1 $42,800.00 Details
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6 Photos
S BRADY ST Corunna MI 48817 Foreclosures 3 1 $16,900.00 Details
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11 Photos
S SHIAWASSEE ST Corunna MI 48817 Auctions 3 1 $18,000.00 Details
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15 Photos
E MCARTHUR ST Corunna MI 48817 Foreclosures 3 1 $24,900.00 Details
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9 Photos
W STATE ST Corunna MI 48817 Foreclosures - - - Details
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1 Photo
E KING ST Corunna MI 48817 Foreclosures 3 1 $21,000.00 Details
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N DURAND RD Corunna MI 48817 Foreclosures - - $99,000.00 Details
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8 Photos
S STATE RD Corunna MI 48817 Foreclosures 4 2 - Details
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19 Photos
S RUESS RD Owosso MI 48867 Foreclosures 3 2 $32,100.00 Details
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22 Photos
N BALL ST Owosso MI 48867 Foreclosures 3 1.1 $18,000.00 Details
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6 Photos
WILLOW ST Owosso MI 48867 Foreclosures 3 1 $54,900.00 Details
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4 Photos
ELIZABETH ST Owosso MI 48867 Foreclosures 2 1 $21,000.00 Details
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26 Photos
N DEWEY ST Owosso MI 48867 Foreclosures 3 1 $17,000.00 Details
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13 Photos
KROUSE RD Owosso MI 48867 Foreclosures 3 2 $45,000.00 Details
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12 Photos
W STEWART ST Owosso MI 48867 Foreclosures 3 1 $42,000.00 Details
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13 Photos
GRAND AVE Owosso MI 48867 Foreclosures 4 1.1 $19,000.00 Details
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12 Photos
QUEEN ST Owosso MI 48867 Foreclosures 2 2.5 $49,900.00 Details
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1 Photo
E MAIN ST Owosso MI 48867 Foreclosures 3 1 $29,900.00 Details
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24 Photos
E ARROWHEAD LN Owosso MI 48867 Foreclosures 3 2 $100,000.00 Details
About our Listings

How to Buy New Lothrop Foreclosures

How to buy foreclosures

Buying real estate foreclosures in New Lothrop, MI starts with finding listings. By browsing New Lothrop foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in New Lothrop, MI.

>> See more info about how to Buy foreclosures

How to Invest in New Lothrop Foreclosures

How to invest foreclosure

New Lothrop foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best New Lothrop real estate investing bargains, you'll have to assess several properties and decide which has the most potential for New Lothrop foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at New Lothrop foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in New Lothrop

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in New Lothrop will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in New Lothrop, MI. There are even chances to buy land, farms, and ranches, sites for mobile homes, and New Lothrop apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

Michigan Foreclosure Laws

Foreclosure law

Michigan real estate foreclosures generally are non-judicial foreclosures, meaning that real estate brokers are allowed to pursue a foreclosure on a homeowner in default without first getting a court approval. Before distressed properties in Michigan can be sold as foreclosure houses, a lender must issue a Notice of Default and give the homeowner 60 days to pay their debt. After that time, a sale can be scheduled for no less than 21 days in the future. If a home does not sell at auction, the lender takes control of the property; these are known as Michigan REO properties.

New Lothrop Banks Foreclosures

Bank Foreclosure

New Lothrop bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in New Lothrop, MI are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on New Lothrop bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in New Lothrop Michigan to be similar to buying from an agent. Check our New Lothrop bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

New Lothrop Government Foreclosures

Government Foreclosure

New Lothrop Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in New Lothrop MI are another popular type of foreclosure, as are VA foreclosures in New Lothrop, which are available from the Veterans Affairs Department for especially great deals. Check our New Lothrop government foreclosure listings.

>> See more info about govermment foreclosures

New Lothrop Pre-Foreclosures

Foreclosure

PreForeclosures in New Lothrop are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a New Lothrop Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

New Lothrop Foreclosure Auctions

Foreclosure Auction

Most New Lothrop foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in New Lothrop, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in New Lothrop, MI. We offer a comprehensive New Lothrop foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in New Lothrop, Michigan

Find Home Foreclosure Listings in New Lothrop, MI

New Lothrop foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in New Lothrop, MI and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in New Lothrop Michigan, best affordable foreclosure condo in New Lothrop, cheap apartments for sale, bargain foreclosed homes for sale in New Lothrop, MI and earn huge savings on the homes YOU want to buy!

Our New Lothrop Foreclosure Lists

You can find New Lothrop foreclosure homes for sale which you can buy for living or investment. Simply click through our New Lothrop foreclosure home listings to find government foreclosures and bank owned homes in New Lothrop area. If you're searching for a deep discount or low prices on real estate then searching our New Lothrop foreclosure lists for homes foreclosure for sale or short sale listing in New Lothrop is your answer. Our up-to-date New Lothrop short sale listings provide the latest investing opportunities on affordable New Lothrop bank owned property listings, government pre foreclosure lists, New Lothrop banrkuptcy homes and New Lothrop HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in New Lothrop, you should have little trouble finding the cheapest deal on a foreclosed home in New Lothrop, Michigan.

You can also search Bancroft foreclosure listings and Byron foreclosure listings for more properties in the neighboring area.



New Lothrop, MI

As of 2011, New Lothrop's population is 555 people. Since 2000, it has had a population growth of -7. 96 percent. The median home cost in New Lothrop is $140,000. Home appreciation the last year has been -4. 07 percent. Compared to the rest of the country, New Lothrop's cost of living is 9. 10% Lower than the U. S. average. New Lothrop public schools spend $4,760 per student. The average school expenditure in the U. S. is $5,678. There are about 19. 8 students per teacher in New Lothrop. The unemployment rate in New Lothrop is 11. 70 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. New Lothrop jobs have Decreased by 1. 74 percent. Average Commute time is 32 minutes. The National Average is 28 minutes.

Peoplenew-lothrop, miUS
Population555307,829,557
Pop Density73987
Pop Change-7.96%9.34%
Median Age39.536.6
Households217116,329,167
Household Size2.572.58
Male Population49.64%49.31%
Female Population50.36%50.69%
Married Population55.56%47.15%
Single Population44.44%52.85%
Estimated Households By Household Incomenew-lothrop, miUS
Income Less Than 15k12.44%12.10%
Income Between 15k And 25k12.90%10.18%
Income Between 25k And 35k10.60%10.56%
Income Between 35k And 50k19.35%14.98%
Income Between 50k And 75k21.20%19.53%
Income Between 75k And 100k11.06%12.52%
Income Between 100k And 150k7.83%12.14%
Income Between 150k And 250k0.92%3.91%
Income Between 250k And 500k2.76%3.34%
Income Greater Than 500k0.92%0.75%
Economynew-lothrop, miUS
Unemployment Rate11.70%9.10%
Recent Job Growth-1.74%-0.12%
Future Job Growth24.82%31.25%
Sales Taxes6.00%6.80%
Income Taxes4.35%6.25%
Income Per Cap$24,428$27,067
Household Income$46,109$52,954
Housingnew-lothrop, miUS
Median Home Age53.135.1
Median Home Cost$140,000$175,100
Home Appreciation-4.07%-3.15%
Homes Owned73.45%59.90%
Housing Vacant3.98%10.37%
Homes Rented22.57%29.73%
Property Tax Rate$11.64$11.20
Owner Occupied Housing Units By Valuenew-lothrop, miUS
Less Than 20k0.00%2.65%
20k To 399991.81%3.76%
40k To 599992.41%4.99%
60k To 799994.82%6.01%
80k To 999997.23%7.27%
100k To 14999941.57%19.24%
150k To 19999922.29%14.67%
200k To 29999912.65%18.09%
300k To 3999993.01%9.14%
400k To 4999991.81%4.94%
500k To 7499990.00%5.42%
750k To 9999990.60%2.03%
1kk Or More1.81%1.77%
Educationnew-lothrop, miUS
School Expend$4,760$5,678
Pupil Teacher Ratio19.814.9
Students Per Librarian815803
Students Per Counselor0513
2 Yr College Grad5.63%7.47%
4 Yr College Grad13.30%17.42%
Graduate Degrees4.35%10.12%
High School Grads92.08%84.72%
Crimenew-lothrop, miUS
Violent Crime24
Property Crime24
Housing Units By Year Structure Builtnew-lothrop, miUS
1999 To 20050.44%13.71%
1995 To 19985.30%8.54%
1990 To 19943.55%5.77%
1980 To 19895.75%13.87%
1970 To 197921.24%16.17%
1960 To 196910.18%11.70%
1950 To 195911.50%11.08%
1940 To 19499.29%6.02%
1939 Or Earlier32.74%13.15%

Table Information