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Macomb County MI Real estate

Macomb County MI real estate blog

Entries from June 2010

Purchasing a home that is a short sale – will the seller & the mortgage holder pay for closing costs?

June 28th, 2010 · No Comments · fha mortgages and first time home buyers, short sale advice in Macomb County MI, tips for home buyers

If you have been looking for a home over the last year or so you have encountered homes offered for sale with a “short sale” contingency.   There’s no avoiding them, they make up so much of a percentage of the homes for sale now in Macomb County as well as the entire state of Michigan. […]

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FHA 203K for purchasing & rehabbing a home in Macomb County – part II

June 22nd, 2010 · No Comments · fha mortgages and first time home buyers, tips for home buyers

A few days ago I wrote about the 2 part appraisal that is needed in order to successfully use a 203K FHA mortgage.  Another important part of this mortgage that I want to let home buyers know about is that the qualifying for this mortgage is also a bit different than for a regular FHA […]

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Clearing up a bit of confusion about the FHA “rehab” 203K mortgage

June 18th, 2010 · 1 Comment · fha mortgages and first time home buyers, tips for home buyers

The “rehab” mortgage offered by FHA is a wonderful product, but also wrought with confusion for many potential home buyers. One of the areas that confuse buyers is that there are actually 2 different appraisal amounts that the home must meet in order for the mortgage to be approved. Below is a basic example of […]

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Investors: Looking for an Eastpointe home?

June 16th, 2010 · No Comments · Eastpointe, macomb county mi real estate market

This home just went on the market today. It’s a wonderful investment home priced well at $29,900.  Clean, updated and better yet – it’s NOT a short sale or a foreclosure! Please contact me if you have any interest in this lovely Eastpointe home. ~Kris Wales~ A partner for your real estate needs in Macomb […]

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Buying a short sale home in Macomb County MI

June 1st, 2010 · 2 Comments · short sale advice in Macomb County MI, tips for home buyers

A gentleman that I know in the mortgage banking industry in Birmingham Michigan wrote an excellent article about purchasing a short sale and things that a buyer and their agent should pay heed to before writing the offer. One of the things that my buyer clients and I often talk about are the differences between […]

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.