Number of Closed
Real Estate
Transaction Sides
263 for 2007

2008 YTD
321

Number of Current
Pending Sales
111
 

For Agents

For Buyers

The Shannon Team is recognized nationwide by many banks and outsourcers as one of the premiere foreclosure teams in Michigan. We specialize in selling bank owned homes and foreclosed real estate.  Since 1991, the Shannon Team has successfully listed and sold thousands of bank owned properties in the Greater Metro Detroit Area, and we rank in the top ten foreclosure teams in the area each year since 2004.

We have hundreds bank owned homes listed for sale any given day of the week, and our list changes daily. In addition, we have access to thousands of Click on the Real Estate One Logo anywhere on this site to see our properties. To receive real-time updates to the the latest foreclosures, join our the Metro Detroit Foreclosures Update on  Yahoo Groups.

On June 1st, 2007, the Shannon Team joined Real Estate One, Michigan's largest brokerage.  We matched our expert knowledge of the REO industry and the local real estate markets, with the formidable strength of the largest brokerage in Michigan.  We are now able to provide our clients with the ultimate combination of knowledge, experience and strength.  By using cutting edge technology, a dedicated team with a strong work ethic, and our vast knowledge of real estate, we accomplish more and provide the highest level of real estate services to our clients. 

When closings count, you can count on the Shannon Team

As the economy in Southeast Michigan continues to spiral downward, due largely to the ongoing deterioration of the automotive industry, multiple tiers of suppliers and the industries that service Detroit automakers are suffering a similar demise.  This market decline is causing the number of foreclosed homes to increase steadily, with occasional surges due to the aging of many adjustable rate loans.  Foreclosure rates in Michigan have skyrocketed, some areas of Metro Detroit are experiencing are seeing one out of every 29 homes in foreclosure. You can read about the Shannon Team in the Detroit Free Press: "How to avoid falling in a foreclosure sinkhole", and "Families fight for their homes".  You need a team with experience in dealing with down markets.  You need the Shannon Team.

We have the experience you need

Whether you are buying, selling or just looking for real estate advice, the Shannon Team is here for you. Our team is lead by Michael Shannon, and comprised of knowledgeable and experienced members.  Even in a down market , the Shannon Team closes as many properties in one month as most experienced agents, or even other real estate teams, sell in a good year.

That means the Shannon Team earns more than ten times the experience of the most agents each year.  Experience has taught us how to handle the toughest challenges and provides the best chance you have for a smooth transaction. Our experience means faster sales and a smoother sale process for our clients.

You can use our website to view our listings, or search any MLS# or properties on our homes search page.  The listings on this web site are updated weekly.  To receive the latest daily updates via email, join our free preferred member property daily update service.