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36 Comments

36 responses so far ↓

  • 1 Kris Wales // Aug 11, 2008 at 8:03 am

    Feel free to use this area to ask a question or leave a comment about this blog.

    Look forward to hearing from you!

    Kris Wales

  • 2 Renae Bolton // Aug 11, 2008 at 11:18 am

    Very informative blog, Kris! Keep pumping it out!

  • 3 Kris Wales // Aug 11, 2008 at 3:29 pm

    Renae, thanks so much! I appreciate your kind words.

  • 4 Jeni // Aug 11, 2008 at 6:47 pm

    Hi Kris- I love the website, its fabulous!

  • 5 Kris Wales // Aug 12, 2008 at 9:35 am

    Lunch was wonderful yesterday Jeni. As always, you are fantastic company :-)

  • 6 Sarah // Aug 12, 2008 at 4:10 pm

    Hey Kris I heard that help for buyers was going to be gone. Can you tell me more about what can help those of us with little money to put down on a home. (it would be our first home!!)

    Thanks so much!!!

  • 7 Kris Wales // Aug 13, 2008 at 7:13 am

    Sarah,

    Please send a note to me at kwales@remax.net and I’ll be happy to answer your question in more detail than is possible here.

    Look forward to hearing from you.

    Kris

  • 8 Levi // Aug 23, 2008 at 8:15 am

    Can you send me bank owned homes in Roseville?

    Levi

  • 9 Kris Wales // Aug 28, 2008 at 10:56 am

    Levi, please send me your email address and I’ll be happy to do that for you. Good to hear from you!

    Kris

  • 10 Aleta // Oct 6, 2008 at 11:11 am

    Can you send me a list of forclosures in Warren please?

  • 11 Patricia // Dec 19, 2008 at 8:47 am

    I have an offer in on a bank house now and its been 3 weeks. How long should we have to wait for?

  • 12 Aaron Kelley // Feb 6, 2009 at 4:36 pm

    Hello Kris, I am Aaron Kelley, and I have been reading through your blog. I wanted to let you know about a wonderful opportunity for you as a Buyer’s Agent and for any client you have that may be interested in Eastpointe. I’m selling a beautiful brick home 3 bedrooms, 1.5 bathrooms in Eastpointe. AND I’m offering to pay the FIRST 6 Months of the Home purchasers mortgage. AND if your buyer can close within 30 days of an accepted offer we will pay a full YEAR of mortgage payments which means they live free in their homes until 2010. And as an added bonus to you, we are protecting buyers agents at 4.5%. So if you know of anyone interested here is a link to my Vflyer which has my contact info: http://divineprovisionllc.vflyer.com/home/flyer/home/2095739 And we are holding an Open House tomorrow 2/7/09 from 12-4pm. Thanks for you time and I look forward to working with you.

    Aaron Kelley
    Divine Provision LLC
    248-799-5114
    Divine_Provision@hotmail.com

  • 13 Mike Caira // Feb 16, 2009 at 12:04 pm

    Hi Kris,

    I just wanted to bring to light something about the post that was made regarding a Seller paying 6 months or 12 months payments for the Buyer(s) of his home. Please be sure to check with the Lender that would be providing the financing for the Buyers. I can see problems with guidelines that regulate maximum concessions from the Seller to the Buyer. This amount varies on the type of financing being obtained, but for most programs the maximum ranges between 3% - 6% of the sales price. If these guidelines are exceeded as a Lender – we would consider this an inducement to purchase and be forced to deny the financing. The Seller is definitely creative and trying to find a unique way to present his house for sale - I give him credit for that, but is apparently unaware on the Lending guidelines to prohibit inducements like this.

    Hope this helps avoid any potential problems that are in the making.

  • 14 Cassandra Kelley // Apr 21, 2009 at 7:11 pm

    I spoke with you a couple of months ago and is still looking for the best buyer broker for the Sterling Heights area. Please give me a call, I will be available Thursday evening

  • 15 Jerri Lynn // May 28, 2009 at 10:33 pm

    I was on mortgages as the second owner with my husband, who is now my EX. Do I qualify for first time buyer? I moved out Dec. ‘06. Thanks

  • 16 Kris Wales // May 29, 2009 at 6:08 am

    Jerri, I’m not sure by the bit of information that you left if you qualify or not. I suggest you talk with the person who prepares your income tax returns and give them all the pertinent timelines.

    Good luck to you,

    Kris

  • 17 Johan // Jul 26, 2009 at 7:36 am

    Can I get a mortgage after bankrupcy? Its been 2 years a little over that. Thanks!!!

  • 18 arocon // Aug 1, 2009 at 4:37 am

    Do i need occupancy certificate if i buy a forclose house which has attached a tagged to require occupancy certificate. I was try to buying a house and did inspection by city inspector but they are giving many works which is exceeding my limits. What can i do?

  • 19 Kris Wales // Aug 1, 2009 at 9:06 am

    Hello Arocon,

    You don’t state what city (or township) you are in, so I can only answer for the areas near me. If there was a tag stating you need an occupancy certificate, then yes you do. Since the inspector has already been out to the home and has a list of repairs go down to the city and see what you can do to occupy the property legally. You may also want to consider asking the seller to do some or all of the repairs for you. (It never hurts to ask)

  • 20 Kris Wales // Aug 1, 2009 at 9:07 am

    From what I remember you could qualify for an FHA mortgage 2 years after a bankruptcy discharge. If you will write back with your email address I’ll contact a FHA mortgage broker for you and ask if that has changed and notify you if there has been a change.

  • 21 Sylvia // Aug 22, 2009 at 11:07 am

    I’m going to email you also in case you don’t get this right away. Question: For the first time buyers tax credit and I make %60,000 a year, is that too high? Is it like MSHDA where your income has to be low?

  • 22 harrison // Oct 27, 2009 at 10:42 pm

    bought first home in sc , can i file for home credit brfore 2010? i bought home sept 2009

  • 23 Kris Wales // Oct 28, 2009 at 4:27 am

    Harrison, I believe the time to file an amendment to your 2009 return has passed. Check with the IRS though, or whomever prepared your tax return.
    You can also go to http://irs.gov and look for the specifics on the first time home buyer tax credit there.

  • 24 Darleen // May 17, 2010 at 12:55 pm

    Does the home has to be a single home to qualify? Can it be a duplex?

  • 25 Kris Wales // May 18, 2010 at 5:14 am

    Darleen, I am not sure. This would probably be a question for your tax advisor as he / she would have access to the full IRS code.

  • 26 KR // Jun 2, 2010 at 7:19 pm

    My husband is currently serving in Afghanistan for 8 months (between February and October 2010). We are closing on a house in the next month or two. Will we be eligible for the extension on the home buyer credit, or does he have to be back by May 30th to be eligible?

  • 27 Kris Wales // Jun 2, 2010 at 9:25 pm

    Hello Kr,

    Since your husband is currently serving he is eligible for an extra year of the credit. Please go to this link for the details: http://www.irs.gov/newsroom/article/0,,id=215594,00.html

    About 1/2 way down the page at the link it will give you the specifics.

    Congrats on your home purchase and please thank your husband for his service!

    Kris Wales

  • 28 Deborah Perkowski // Jul 13, 2010 at 2:15 pm

    Hi wondering if someone started a new job in June 2010 and the job was 1/2hrly rate and 1/2 tips/tokes that are reported on your paychecks and direct deposit. How long until we can use the down payment assistance program?
    Thank you..

  • 29 Kris Wales // Jul 13, 2010 at 3:13 pm

    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

  • 30 Karen Lowe // Jul 22, 2010 at 10:58 am

    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!

  • 31 Kris Wales // Jul 22, 2010 at 4:39 pm

    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

  • 32 Frank Thompson // Oct 29, 2010 at 8:26 pm

    Hi Kris, Warren is allowing a lot’s next store to a residential house, to a car lot. I need to respond to the Notice of Public Hearing. This isn’t right. Seriously affecting the area and value.

  • 33 Louise // Feb 27, 2011 at 7:41 am

    Hi Kris == we want to be a hud home for an investment but dont want to get investor mortgage. Are there many for less than $20,000 so we can pay cash? Will hud take that little on a house they have for sale for $80,000???

  • 34 Yvonne // Dec 27, 2011 at 3:33 pm

    I’m need a bank that gives conventional mortgages for a condo. I’m located in Genesee county in MI. Any suggestions? Thanks.

  • 35 Yvonne // Dec 27, 2011 at 3:46 pm

    Hi Kris, I’m very much in need of a bank or mortgage institution that gives conventional loans on condos in genesee county, MI

  • 36 Kris Wales // Dec 27, 2011 at 4:26 pm

    Hi Yvonne,

    I don’t have everyones contact info with me right now, but to start you can contact Mario Rea at Flagstar Bank. Here is his email: Mario.A.Rea@Flagstar.com

    I know condo financing is tougher now depending upon the condo complexes financial health, but Mario should be able to help you.

    Good luck, and please let me know how it goes. Feel free to email me directly at kris@chataboutmacomb.com

    Kris Wales

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