Foreclosure for Sale on Schaefer Rd, Dearborn, MI 48126

Foreclosures › Michigan › Wayne › Dearborn › Schaefer Rd
Bank-owned REO foreclosure property at Schaefer Rd, Dearborn, MI 48126. 2 bed 2 bath 1,509 sq ft Wayne County foreclosure listing.
Foreclosure (REO) Active 9 days on market
Schaefer Rd, Dearborn, MI 48126
Price TBD
Wayne County · Michigan
2
Bedrooms
2
Bathrooms
1,509
Sq ft
1999
Year built
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Property details
Listing type Foreclosure
Property type SingleFamily
Bedrooms 2
Bathrooms 2
Living area 1,509 sq ft
Year built 1999
County Wayne County
State Michigan
ZIP 48126
Days on Market 9 days
Listing ID 66394805
About this property

This Dearborn, MI property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

📊 Wayne County Market · Updated daily
Active Listings
4,745
Avg. Est. Value
$99,362
Bank-Owned (REO)
571
Pre-Foreclosures
4,174

120 active foreclosure listings in Dearborn, MI.

Browse all Wayne County foreclosures →
❓ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Wayne County foreclosures for additional guidance on the purchase process.
There are currently 120 active foreclosure listings in Dearborn, MI. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition — most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status — eviction may be required if the property is occupied.
🌊 Flood Zone · FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

Check FEMA Flood Map →
🏦 Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
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📍 Location Map · Dearborn, MI Open in Google Maps →
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🏘️ Neighborhood Profile · ZIP 48126 · U.S. Census ACS
Population
53,044
Median Age
28.1 yrs
Households
15,082
Median Household Income
$46,565
Median Home Value
$183,500
Median Rent
$1,168/mo
Owner-Occupied
58% of homes
Vacancy Rate
9% of units
Unemployment Rate
8.6%

~13% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
🏫 Schools · NCES 2024–25
Schools in ZIP 48126
🏫 Elementary
Academy for Business and Technology Elementary Charter
Grades K–5·DEARBORN ZIP 48126

Source: NCES CCD 2024–25 · nces.ed.gov

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