First time home buyers: Important dates to keep if
you are purchasing a home this year.
August 1st: Start your pre-approval process with your mortgage
lender and begin to gather the documents that you will need (pay stubs,
past 2 years tax returns, last 90 days of bank statements, cancelled checks
showing rental payment history if applicable)
September [...]
Tags:$8000 tax credit·First time home buyers in Macomb County MI·macomb county michigan real estate market
Last week I heard from a gentleman who is thinking about not renewing his apartment lease and taking advantage of the first time home buyers tax credit. In his inquiry he wanted to know if he purchased a home for $40,000 if he still would recieve all of the “$8,000″.
The answer is no. He would [...]
Tags:first time home buyers·search homes for sale in Macomb County MI with MLS provided data·Tax credit for 1st time home buyers in Macomb County MI
One of the questions that I’m asked about the First Time Home Buyers tax
credit is: “Can I get the money back to me quicker?”
The good news is yes, you can. If you qualifty for the 1st time home
buyers tax credit you can simply amend your already completed 2008
income tax return. You don’t have to [...]
Tags:$8000 tax credit·first time home buyers
This past Sunday my husband, grandson and I went to downtown Mt. Clemens for the arts fair and to watch my oldest son (Rick Charming) and his fabulous drummer friend (Val Klaft) perform. While we were there I realized it had been a while since I viewed any homes for sale in Mt. Clemens and [...]
Tags:Mt. Clemens MI homes for sale
—You better start looking now.
I hate it when I sound like a “salesperson” (no offense to sales people intended) but things are going to get crazy-busy here in Macomb County during the months of September and October.
Already we are experiencing signs of what is going to come hurdling at us like an avalanche:
Multiple offers on [...]
Tags:$8000 tax credit·first time home buyers·home buyers in macomb county mi
This weekend there will be an art show - craft fair in downtown Mt. Clemens.
Look for it in the Macomb Place area. Parking is plentiful downtown with many lots just behind the businesses.
My husband and I will be taking some “us” time and attending as this is an area of Macomb County that we thoroughly [...]
Tags:
: Hi Karen, You have several different issues with this one: Making the payments but not being on the note for the home, and your husband being on the deed of the home. I am not sure if there is any difference in the way a foreclosure would be treated in this instance (with the passing away of the relative who signed the note) or not. You could be considered a tenant, and yet your husband is on the deed, so the interpretation may be different. What you need is good legal advice. Most first consultations are free. If you want me to send you contact information for an attorney in Macomb County please feel free to email me and I will do that for you. Good luck to you, Kris Wales Kris@Chataboutmacomb.com
: Hi, I have been living in a home for 15 years the **mortgage** only is in someones name who passed away I have been making the payments and went to the bank to try to assume mortgage i was told by the broker to get a loan of my own and let the house go, at this time i am still making payments but cant get caught up as deceasaed was 2 months behind I been trying to catch up since last july when the mortgagee passed, will this property go though the normal foreclosure process of redemption periods and sherrif sale if she is deaceased, my husband in on the deed only!
: Hi Deborah, It sounds like you have 2 distinct issues that need to be answered by a mortgage professional, one that is familiar with the MSHDA down payment program. Please call Michelle Cyplik at 248-601-1349 ext. 206. She's my "go to" gal when it comes to MSHDA. I'm sure she would be happy to answer your questions about what is applicable in your case - no pressure. Good luck, Kris Wales
Have a real estate question? RSS Feed
» Ask a question or leave a note for Kris Wales
