Land auction Detroit, MI - 12510-Wade-St-Detroit-MI-48213, 9281251048213 | Hubzu
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12510 Wade St
Detroit, MI 48213
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Description
Attention buyer, you are bidding on an assignment of contract. This property is available for purchase only with Cash, Hard Money, or Private Money. Buildable lot - survey not done. Cleared lot, access to water/sewer/electric.
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Sheriff's Appraised Value
This is an estimate of the property's value as determined in accordance with Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.17. Ohio state law does not require an appraisal by a licensed or certified appraiser and interior inspections are not normally performed. Bidders should not rely on this stated value in deciding whether and how much to bid.
Sale Deposit
The amount and timing of the Sale Deposit is prescribed by Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.211. Failure to timely submit the Sale Deposit may result in invalidation of the sale.
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Property Details for 12510 Wade St
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Interior Details
Land Info
Lot Size: 3,920 Sq. Ft.
Property Info
Type: Land
Property ID: 9281251048213
County: Wayne
Other Property Info
Sub Division: NA
MLS ID: NA
Property Fees
Buyer's Premium: Greater of 5.0% of bid amount, or $1,000 (Buyer Pays at Closing).
Buyer's Agent Commission: Not offered
All bids must be submitted through Hubzu.com. Bids sent via email and fax will not be considered.
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* The investment calculator and its calculations are for information purposes only. You acknowledge that these are estimates only and that (a) there are uncertainties inherent in making such estimates, forecasts, plans and projections and that you are familiar with such uncertainties, and (b) You will take full responsibility for conducting your own evaluation of the adequacy and accuracy of such estimates, forecasts, plans and projections and (c) You shall have no Claim against Altisource and its affiliates with respect to such estimates, forecasts, plans or projections. Accordingly, Altisource and its affiliates are making no representation or warranty with respect to such estimates, forecasts, plans and projections (including such underlying assumptions).

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Did You Know You Can Sell Your Property on Hubzu?
Learn more about the Hubzu Signature Homes program and see how you can use one of the nation's largest real estate auction marketing platforms.
What is an assignment contract in real estate?
An assignment contract is a legal agreement that allows one party (the assignor) to transfer their rights and obligations under an existing contract to another party (the assignee) before closing.
How does the assignment process work on Hubzu?
  • A wholesaler lists a wholesale property on Hubzu.
  • You find one that you are interested in and you place a bid.
  • If your bid is selected, you sign an assignment contract and review the original purchase agreement.
  • You proceed to closing under the original contract terms.
How does bidding work for wholesale properties on Hubzu?
Wholesale properties are listed on Hubzu, where you can place a bid like any other auction property. However, sellers can accept an offer at any time and end the auction early.
Are there any hidden fees?

No hidden fees. You'll only pay:

  • Your final bid amount.
  • The buyer's premium charged by Hubzu.
  • Standard closing costs like title and escrow fees, just like any other real estate transaction.
What documents will I receive before closing?

You'll receive:

  • The assignment contract (which transfers the wholesaler's contract to you).
  • The original purchase agreement (so you can review all terms).
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