Former Corporate Staffer approaches 7 Years as Independent REO Real Estate Broker

Feb. 28, 2008 - PRLog -- Detroit Michigan. REO (real estate owned) brokerage firm Bond Realty LLC will  soon celebrate 7 years in business, serving buyers and sellers of foreclosed houses in Metropolitan  Detroit.  Bank owned properties are found in upscale, middle class and economically challenged neighborhoods throughout Southeast Michigan. Wayne County especially, has been hit hard by high unemployment and a declining housing market.  Not surprisingly, Wayne County had the highest foreclosure rate in the United States for 2007.  

Small wonder then that mortgage research company Realty Trac Inc. reported a foreclosure rate that jumped 68 percent in 2007 from the prior year in Wayne County.  Sadly, many homeowners have fallen behind on mortgage payments.  One website that offers foreclosed properties for sale, ForeclosureNet.net, lists over 6,600 houses for sale in Wayne County alone.

All  this activity has provided niche real estate brokers like Bond Realty LLC, an opportunity to put distressed properties back on the tax rolls.   “I’ve lived in Detroit since the early 50’s and want to see things get better” said Bond Realty owner Jan W. Bond.

 Through his website, owner Bond provides photos, addresses, and prices for properties that typically have been recently foreclosed.  Typical buyers are local or out of state investors interested in acquiring foreclosed houses.  Bond was first licensed as a real estate broker in 1987.  “The local real estate market has gone up, down and all around over the past 21 years”  opined Bond.  Helpful links to governmental agencies and private firms that cater to the foreclosure real estate market can also be found on the Bond Realty website.

Some properties marketed by Bond are priced below $10,000. To be sure, most are priced  less than $100,000  A few years ago, Bond sold an Oakland county property for more than $700,000.  Average home prices in Wayne County fell to $110,800 in the 3rd quarter 2007 from $113,200 the previous quarter (source:  Realcomp II Ltd.  A Multiple Listing Service).

All of this keeps Associate Broker Bond quite busy.  A former U.S. Army personnel officer, Bond also served stints with Ford Motor Company and American Motors as a human resources staffer.  He graduated from Wayne State University with a Bachelor of Science in Business Administration and Michigan State University with a Master of Labor and Industrial Relations.  Contact Bond by email at janwbond@juno.com or call him at (313)510-6713.  Visit the website at http://www.bondrealty.com.

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About Bond Realty LLC:  Minority owned full service real estate brokerage company specializing in listing and selling bank owned foreclosed houses in Metropolitan Detroit Michigan

Website: www.bondrealty.com