We make buying a foreclosure EZ
House Buying Bloomfield Mi Frequently Asked Questions

Can you restore a home that is currently uninhabitable?

Property Restoration LLC is capable of restoring any home, regardless of its current condition. Our talented team can:

  • Remove odors
  • Repair all electrical, heating, and plumbing issues
  • Remodel and replace:
    • Kitchens
    • Re-paint
    • Bathrooms
    • Install new floors
    • Repair
    • Re-roof

If it is broken, we can fix and if we fix it, we guarantee it!

Can you help me visualize the finished product?

We will invite you to visit our model where you can meet with one of our design team members and study our before and after portfolio in order to help you SEE the house become your home.

Are they really a great deal even with all the work you need to do?

YES! The greater the damage a property has sustained, the stronger position we are in to negotiate for a discounted price on your behalf!

How do I know what I am getting myself into?

Our sister company will send one of its inspectors over to the property, complete a thorough inspection and provide you with a comprehensive quote on repairs and any remodeling BEFORE you make an offer. You can figure out what you can make on the home before you make an offer.

What if I don't have perfect credit?

The FHA 203K loan allows people with average credit scores to buy a home. If you don't qualify for the FHA 203K loan, we will help you repair your credit score for FREE.

How do I get started?

It's easy. Just call us and we will walk you through the whole process.

Do foreclosures come with a Clear Title?

Yes! 99% of the foreclosures that are listed for sale in the MLS come with a free and clear marketable Title. Additionally, the offer to purchase will be contingent upon you receiving a free/clear title. Your FMEZ rep will advise if circumstances change.

Do I have to pay any back taxes on the property I purchase?

No! The offer to purchase is contingent upon the seller paying all back taxes, water bills and municipal assessments.

Can I have the home inspected before I buy it?

Yes! Our offer to purchase packages allows you a minimum of 5 days to have the property inspected by a licensed contractor or Home Inspector.

How long does it take to buy a Foreclosure?

Many factors can affect the amount of time that it will take to close a transaction, but the average transaction can be expected to close within 60 days of the initial showing.

I filed Bankruptcy recently; can I still purchase a home?

Yes! As long as your BK was discharged more than 2 years ago and you have reestablished some credit history.

Do I have to use the Real Estate Agent who is listed on the property sale sign?

No! Any licensed Real Estate agent can assist you in purchasing any home that is listed for sale?

Can you help me purchase a family member's house?

Yes!!

Can I submit an offer on more than one home at a time?

Yes! Your offer would be contingent on a variety of circumstances.

Do I need to be pre-approved before I look at homes?

It is vital to speak with a Mortgage Broker prior to looking at homes, so you can be sure to shop for properties that are in your price range. Additionally, many of the foreclosed properties sell very quickly and, without a pre-approval, you may miss a great opportunity.

Can I submit an offer without a pre-approval letter?

No! Sellers require buyers to have a pre-approval letter prior to reviewing their offer.

Why should I buy a foreclosure instead of a privately owned home?

Most often, the foreclosure is available for much less than a privately owned home. If you buy a foreclosure and renovate it, not only will you own a home for less than the rest of the neighborhood, your house will be recently remodeled.

How do I know if the schools system is good?

The best way is to review some basic information on the state website and schedule an appointment with the school itself for a tour.

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