Privately owned homes are selling in Macomb County

January 13th, 2009 · No Comments · Real estate market reports - Macomb County, chesterfield township, macomb county mi real estate market

Contrary to all the doomsday talk about home sales in Macomb County and across the state of Michigan, homes that are owned privately are selling.

Let me state this clearly: Not all home sales in our area are foreclosure sales.

During the last month (December 2008) 208 homes that were privately owned sold. Out of those 208 homes, 111 of them were priced between $100,000 and $200,000.

According to Mirealsource™ and its participating agents and brokers (of which I am a member) the lowest priced home sold in Warren on Pearl Street for $16,900. The highest priced privately owned home sold in Harrison Township on Huron Pointe for $535,000.

This nice home on Harry in Shelby Township sold in December of 2008 for $122,000 and also was not a foreclosure. Good news for their neighborhood property values!

Not only is this welcome news for home owners who wish to sell their homes and are hesitant to try because of the negative news, but it’s also great news for home buyers. Home buyers want to see homes that have been well taken care of and have their purchase transaction go smoothly without the hiccups that oftentimes occur with bank owned homes.

If you would like to know about homes that have sold in your subdivision or local area please feel free to send me an email or call me. No pressure- just conversation.

~Kris Wales~ A Macomb County MI real estate agent

Tags: bank owned homes·foreclosures in macomb county mi·home buyers in macomb county mi·Homes sold in Macomb County MI·macomb county michigan real estate market·selling a home in macomb county michigan

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Latest on Thu, 16:39

Kris Wales: 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

Karen Lowe: 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!

Kris Wales: 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

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