One of the challenges to purchasing a foreclosure is abiding by all local laws regulating the condition of the home (different city/township inspections and Certificate of Occupancy requirements). Macomb County homes that are serviced by a well and septic system also have a mandatory inspection at the point of sale. This can be a bit [...]
Entries Tagged as 'tips for purchasing a foreclosure'
Buying a foreclosure in Macomb County and the house has a well & septic?
November 17th, 2010 · No Comments · tips for home buyers, tips for purchasing a foreclosure
Tags:Buyers agent in Macomb County MI·foreclosures in macomb county mi
Worry about “tagged homes”, but worry more about homes scheduled for demolition – purchasing a foreclosure tip for Macomb County MI real estate buyers
October 18th, 2010 · 1 Comment · tips for home buyers, tips for purchasing a foreclosure
I remember last summer when a buyer client and I viewed a home in Warren. It was a foreclosure, and because she was semi-interested in the home I did a bit of research on it the next morning. The City of Warren had “tagged” the home, which means you need an inspection from the building [...]
Tags:Buyers agent in Macomb County MI·foreclosures in macomb county mi
Bank owned homes and lack of disclosures
October 3rd, 2010 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure
This is one of those “just when I think I saw it all…” kind of posts. Last week I took buyer clients through a foreclosure (bank owned) home in north Macomb County. The home has been on the market for quite a while, considering the low price for a large newer home in that area. [...]
Tags:foreclosures in macomb county mi·macomb county michigan real estate market
Buyers beware – call the city or township building department before purchasing a Macomb County MI foreclosure
August 6th, 2010 · 1 Comment · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure
Once again I was reminded this morning that home buyers are having a difficult time receiving accurate information from their real estate agents regarding tagged homes on foreclosures. Many Macomb County communities now have in place an inspection of foreclosure homes by the building departments before you will be issued a certificate of occupancy. Without [...]
Tags:Buyers agent in Macomb County MI·foreclosures in macomb county mi
Viewing homes on these hot humid days -notably, foreclosures and other vacant Macomb County homes
July 12th, 2010 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure
During the cold winter months I long for summer. Viewing the foreclosures and vacant homes in the winter isn’t much fun. In fact, it can be quite challenging and uncomfortable. My buyers and I cringe each time we trudge our way through snow drifts to enter the home, and no relief is found on the [...]
Tags:foreclosures in macomb county mi·macomb county michigan real estate market
Making an offer on a HUD home? Here’s how to protect yourself before you close on it.
February 23rd, 2010 · No Comments · macomb county MI, tips for home buyers, tips for purchasing a foreclosure
A few days I wrote an article about the National Association of Realtors® taking a stance and adding to their Standards of Practice the verbage “don’t give out the lockbox code!”. While reading and commenting it reminded me of something that is taking place with HUD owned homes: The locks are re-keyed with the same [...]
Tags:first time home buyers·home buyers in macomb county mi·HUD
HUD incentives ending in Michigan – February 12, 2010 is cut off date
January 31st, 2010 · No Comments · fha mortgages and first time home buyers, tips for home buyers, tips for purchasing a foreclosure
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 [...]
Tags:first time home buyers·foreclosures in macomb county mi·HUD
Bank owned homes (Foreclosures) and disclosures – don’t expect any.
August 22nd, 2009 · 1 Comment · tips for home buyers, tips for purchasing a foreclosure
One of the things that really gets my goat (ok, that was an oldie but it applies) is the lack of sellers disclosures on bank owned homes. In Michigan if I decide to sell my own home I am required to provide a written sellers disclosure about the condition of the home. Are there any [...]
Tags:Buyers agent in Macomb County MI·foreclosures in macomb county mi
City of Warren MI is going to enact a foreclosure registry for homes
July 8th, 2009 · 3 Comments · tips for purchasing a foreclosure, warren MI
The first reading of a new ordinance in the City of Warren has already taken place and the 2nd reading will probably happen when the city council next meets. This ordinance is going to have a positive affect on homeowners in the city by helping reduce the eyesores and the safety hazards that abandoned properties [...]
Tags:foreclosures in macomb county mi·warren michigan
It’s almost June 1st and you know what that means…
May 19th, 2009 · 2 Comments · tips for home buyers, tips for purchasing a foreclosure
The 2009 summer property tax bills will be arriving in the mailbox (or, to your mortgage lenders mailbox.) If you are considering purchasing a home please keep in mind that many homes have had property tax reductions due to lower property values, but many have also had their homestead exemptions stripped. (Foreclosures, abandoned homes, etc.) [...]
Tags:Add new tag·Non homestead taxes and foreclosures in Macomb County MI·Property taxes and home buyers in Macomb County MI

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