Detroit — a city within Wayne County, Michigan — is the 10th largest city in the nation. It has a population of 886,675 residents and a median household income of $29,526. Detroit is a major port city located north of Windsor, Ontario, on the Detroit River, in the Midwest region of the United States.
Known as the world's traditional automotive center and an important source of popular-music legacies, the city has two familiar nicknames, Motor City and Motown. Detroit's proximity to Windsor, Ontario also provides for spectacular views and nightlife. Detroit and the surrounding region constitute a manufacturing powerhouse, most notably as home to the Big Three automobile companies — Ford, DaimlerChrysler and General Motors. The city is an important center for global trade with large international law firms having their offices in both Detroit and Windsor.
Recently, Detroit’s economy has been in a tailspin for the last several years, with the loss of manufacturing jobs, companies moving out of the state and the highest unemployment rate in the country. Detroit’s housing market has been hit particularly hard during this economic malaise.
Real estate investors, agents and homebuyers interested in successfully locating foreclosure properties in Detroit need only look to RealtyTrac for all their foreclosure and real estate needs, including pre-foreclosure information, foreclosure auctions, bank-owned foreclosures, for sale by owner (FSBO) homes, resale MLS homes and new homes for sale.
With over 1 million properties that are updated daily, RealtyTrac is your one-stop source for Detroit pre-foreclosure, bank foreclosures, for sale by owner (FSBO) homes, foreclosed homes via auction and new homes and MLS listings.
At RealtyTrac, we look to help you navigate the foreclosure process by supplying you with the most up-to-date list of Detroit foreclosures, along with the latest in real estate news and information on foreclosure activity in Detroit and beyond.