Bank Owned:Online Event
Under Contract

5424 MAYFAIR ST

DEARBORN HEIGHTS, Michigan 48125

Property Details

(5424 MAYFAIR ST DEARBORN HEIGHTS Michigan, 48125)

Asset Type
Residential
Property Type
SFR
Bedrooms
3
Bathrooms
1
Year Built
1956
Square Footage
980
Occupancy Status
Occupied
Lot Size (Acres)
0.11
Monthly HOA Dues
$0
Event Item #
O1182L-53221
Property ID
2561119
Buyer's Premium
5% of Winning Bid Amount (A minimum of $2,500 will apply)
Broker Co-Op
2.5% or $1,500 minimum
Financing Information
Conventional Financing Not Available

Transaction Details

 

  • The seller took ownership of this property at a recent foreclosure auction. The seller has established a reserve price based on the value of the property less its expected costs to market and sell the property, representing a tremendous opportunity for investors to purchase properties at a discount and create equity.
  • This property will be conveyed via an Assignment of Interest in Sheriff's Deed or Quit Claim Deed (Michigan) or an Assignment of the Sheriff's Certificate (Minnesota).
  • A Buyer's Premium equal to 5% of the Winning Bid Amount or $2,500 (whichever is greater) will be added to all Winning Bid Amounts to determine the Total Purchase Price, unless otherwise set forth on the Purchase Documents.
  • If you are the Winning Bidder, an Earnest Money Deposit of 5% of the total purchase price or $2,500 (whichever is greater) is required.
  • No title insurance offered at closing.
  • This property is reported to be occupied and buyer is responsible for obtaining possession.
  • Property is being offered as is, where is.
  • Until the seller's reserve price is met, Auction.com may counter bid on behalf of the seller. Counter bidding gives buyers and sellers more flexibility to find a mutually agreeable price. Counter bids do not occur after the seller's reserve price is met. Learn more about reserve pricing.
  • Description
  • Documents
Description for 5424 MAYFAIR ST DEARBORN HEIGHTS Michigan, 48125
Auctioneer Licensing Information

Auction.com, Inc. Arlene Richardson RE Brkr Lic No. 6505404616

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