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

I’m one of the real estate professionals here in Macomb County that does not believe there will be an extension to the Federal first time home buyers tax credit.  Too much money has been spent in the last year with less money coming in.  The Federal government has to put a stop to it soon, [...]

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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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Just when we think the housing market in Macomb County can’t take much more stringent lender guidelines there is a new curveball thrown in to the mix.
As of October 1st of this year those new potential home owners who are using an FHA mortgage will have to really do their homework if they are going [...]

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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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One of the areas that has been hit hardest in this buyers market in Macomb County is the condo market.  So many to choose from and those on the market are taking much longer to sell.
The good news? Interest rates are fabulous, and most condos in our area qualify for FHA or VA financing.  (If [...]

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Lately I’ve been bringing everyone up to date on available mortgages in Macomb County MI, especially those that will help first time home buyers.
A friend of mine, Jeff Belonger (AKA the FHA Expert) has written an excellent article that gives you a nice side by side comparison on purchasing a home using a FHA mortgage [...]

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