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2. Bill McMachen of Michigan Buys Hundreds of Foreclosed ... - AOL

   www.aol.com/news/2012-08-03-bill-mcmachen...

   For around $4.7 million, you might be able to snag one gleaming, top-of-the-line luxury home in a top market. In Michigan's Macomb County, though, it bought one man 627 homes. Bill McMachen, who ...

3. Edsel and Eleanor Ford House - Wikipedia

   en.wikipedia.org/wiki/Edsel_and_Eleanor_Ford_House

   Located on 87 acres (350,000 m 2) at 1100 Lake Shore Road in Grosse Pointe Shores, the 30,000-square-foot (2,787 m 2) house has a fine collection of original antiques and art, and beautiful lakefront grounds. The grounds include the frontage on Ford's Cove, the total Lake St. Clair waterfront of the property is 3,100 feet (985 m).

4. Foreclosure investment - Wikipedia

   en.wikipedia.org/wiki/Foreclosure_investment

   Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.

5. Foreclosure - Wikipedia

   en.wikipedia.org/wiki/Foreclosure

   Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...

6. A lakefront house that looks like a boat is selling for ... - AOL

   www.aol.com/news/lakefront-house-looks-boat...

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7. Deed in lieu of foreclosure - Wikipedia

   en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

   In order to be considered a deed in lieu of foreclosure, the indebtedness must be secured by the real estate being transferred. Both sides must enter into the transaction voluntarily and in good faith. The settlement agreement must have total consideration that is at least equal to the fair market value of the property being conveyed. Sometimes ...