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

If you have been looking for a home over the last year or so you have encountered homes offered for sale with a “short sale” contingency.   There’s no avoiding them, they make up so much of a percentage of the homes for sale now in Macomb County as well as the entire state of Michigan. [...]

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A few days ago I wrote about the 2 part appraisal that is needed in order to successfully use a 203K FHA mortgage.  Another important part of this mortgage that I want to let home buyers know about is that the qualifying for this mortgage is also a bit different than for a regular FHA [...]

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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 [...]

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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 [...]

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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 [...]

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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:  [...]

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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 [...]

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