For many home buyers in Macomb County there is confusion when it comes to the definition of a foreclosure (bank owned home) and one that is labeled as a short sale. A home that is labeled as a foreclosure (or REO, or bank owned) is one that the bank already has taken possession of through [...]
Entries Tagged as 'tips for purchasing a foreclosure'
What is the difference between a foreclosure and a short sale?
April 13th, 2009 · No Comments · macomb county mi real estate market, short sale advice in Macomb County MI, tips for purchasing a foreclosure
Tags:foreclosures in macomb county mi·short sales in Macomb County MI
“Tagged” homes in the City of Warren (Macomb County MI) – what you need to know to purchase the home.
March 5th, 2009 · 15 Comments · first time home buyers, macomb county MI, tips for purchasing a foreclosure, warren MI
If you’ve viewed homes for sale in the city of Warren lately you’ve probably come across some that have this notice taped to the window or the door: When I’m out and about showing homes to buyers I’m seeing more of them on vacant homes. (Most of the vacant homes have been foreclosures or bank [...]
Tags:Certificate of Occupancy and foreclosures·first time home buyers·warren michigan
Tips to get through an FHA appraisal on a bank owned (foreclosure) purchase
January 16th, 2009 · 1 Comment · fha mortgages and first time home buyers, tips for home buyers, tips for purchasing a foreclosure
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 [...]
Tags:bank owned homes·fha mortgage in macomb county mi·first time home buyers·foreclosures in macomb county mi·home buyers in macomb county mi
HUD and its $100 down program
January 6th, 2009 · No Comments · fha mortgages and first time home buyers, first time home buyers, macomb county mi real estate market, tips for purchasing a foreclosure
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 [...]
Tags:$100 down program with FHA·HUD
An answer for Patricia – waiting (and waiting) for an answer on an offer to purchase a bank owned home
December 22nd, 2008 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure
One of the features of this blog is that a reader can ask a question or leave a comment without having to log in and subscribe. Recently a potential home buyer named Patricia asked a question that many people have been asking: “I have an offer in on a bank house now and its been [...]
Tags:bank owned homes·foreclosures in macomb county mi·offers to purchase a foreclosure in michigan
Chesterfield Township MI foreclosure bargains
July 14th, 2008 · 2 Comments · chesterfield township, macomb county mi real estate market, tips for purchasing a foreclosure
One of the subdivisions in Macomb County Michigans Chesterfield Township that is seeing a few bank owned homes hit the market is Muirfield Manor. This subdivision is located within the Lanse Creuse school district and can be reached south off of 24 Mile Road just east of Gratiot. This ranch home is for sale currently [...]
Tags:chesterfield township·foreclosures·homes for sale·macomb county MI
Purchasing a foreclosure in Macomb County MI – Tips & Guidelines
June 28th, 2008 · 2 Comments · tips for purchasing a foreclosure
I have been viewing foreclosures and representing home buyers in Macomb County in their purchases of bank owned properties and decided to put into writing some of the things I have learned along the way. I hope you will find these tips helpful. Prior to making your offer: Always consider an offer on a [...]

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