Detroit Offering Great Deals on HUD Homes for Sale
February 7, 2008
Where can you find a 2br/2 ba cottage for less than $10,000? Detroit. It may not be the most popular place to live right now, but HUD homes for sale in Detroit are priced amazingly low. Check out the stats on HUD home:
$6,800.00
2 bed, 1 bath
4 rooms
751 sq. ft.
built 1940
That’s one way to use your tax refund! Of course, this house is listed as “uninsurable” and it’s not in the best area.
As people are leaving auto-city, a few brave investors are taking the risk of buying up properties. The hope is that the city will revive and home prices will go up, once again.
If you have a bit more money to throw at Detroit HUD foreclosures, you can find a lot of insurable properties for less than $50,000.