Chat about Macomb County MI real estate & Homes for sale search site

Last year when the first time home buyers tax credit was close to expiring we heard talk about it being continued.  And it was.  This time around however there isn’t even a whisper of that happening.
Please, if you are at all considering buying a home to take advantage of the up to $8000 in Federal [...]

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I knew it wouldn’t last forever, but I was kind of shocked to get the information in my email that the HUD incentives for Michigan are ending soon.
As of February 12th of this year (yes, less than 2 weeks away) HUD is putting an end to the wonderful incentives that they’ve been offering for the [...]

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One of the most frustring experiencesfor a home buyer in our area and all across the country is falling in love with a condominium and then finding out that it won’t pass muster as far as FHA is concerned.
We all try very hard to do our due diligence: Is the condo complex a new one?   [...]

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MSHDA (Michigan State Housing Development Authority) has some new
programs to help first time home buyers with their down payment
assistance.   I talked with Michelle Cyplik of Paramount Bank in Rochester
MI about these programs just before the Labor Day weekend, and we are
going to get together at the end of this week to talk more in depth [...]

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I think home sellers will find the news much more valuable now than ever
before.  If a home seller has balked at accepting an offer on their home from
a buyer who is using an FHA or VA mortgage they should pause and look
at this chart:

Over 1/2 of homes that sold during the month of June (2009) [...]

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Goodness, what a whirlwind this week has been with information and mis-information alike.
Some of you may have read elsewhere that the first time home buyers tax credit from the Federal government is now being allowed to be given upfront so that a home buyer could use it for the down payment on their home:  Not [...]

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I don’t know why I am surprised. I shouldn’t be.  Just when it looks like things are settling down out there in the rumor world a new one catches my ears (and eyes.)
This time a prospective buyer in the Metro Detroit area was told that the new FHA guidelines include a credit score minimum [...]

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Mr. Kelley left a note on the side panel of this blog letting us know that he has his home for sale, and one of the incentives that he is using is to pay the first 6 months of a buyers mortgage payments.  Also, if a buyer can close within 30 days of an accepted [...]

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Wednesday of this week I had time to sit down and have a leisurely lunch with a mortgage represensative, Mike Caira of Great Lakes Mortgage Funding in Sterling Heights, that I think highly of and trust to give me the most accurate information.
One of the things that I wanted to know was if he is [...]

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As it is with most mortgage programs and
down payment assistance, there is much
misinformation out there when it comes to the
program details.

HUD has a program for Michigan home buyers that allows for a $100 down payment when used with a FHA mortgage.
A couple of important details with this program:

You must occupy the home.  (It is not [...]

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