I knew it wouldn’t last forever, but I was kind of shocked to get the information in my email that the HUD incentives for Michigan are ending soon.
As of February 12th of this year (yes, less than 2 weeks away) HUD is putting an end to the wonderful incentives that they’ve been offering for the [...]
HUD incentives ending in Michigan - February 12, 2010 is cut off date
January 31st, 2010 · No Comments · fha mortgages and first time home buyers, tips for home buyers, tips for purchasing a foreclosure
Tags:first time home buyers·foreclosures in macomb county mi·HUD
Short sale denied by lender, then foreclosed upon. What happens next?
January 16th, 2010 · 1 Comment · macomb county mi real estate market, short sale advice in Macomb County MI
A recent question on Trulia Q & A section has still been on my mind days after I replied to it.
The former home owner who asked the question was denied a short sale in which the lender wouldn’t take $30,000 less for their home. It was then foreclosed upon and sold for $116,000 less [...]
Tags:foreclosures in macomb county mi
Another successful HUD home purchase in Clinton Township
December 6th, 2009 · No Comments · first time home buyers
Congratulations to Ashley, a single woman who purchased her first home.
The home she bought was owned by HUD, and everything about the purchase process went smoothly. Unlike other bank or government owned homes, HUD has an online process for bidding. Everyone that bids knows when their offers to purchase will be considered, and it [...]
Tags:foreclosures in macomb county mi·HUD
Are foreclosures the only good “deal” in Macomb County? Not by a long shot..
September 13th, 2009 · No Comments · Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market, tips for home buyers
“I only want to see foreclosures”
I had an interesting conversation with a caller yesterday the other day and thought I would share it with all of you. I’m hoping that by sharing it and putting it out to the public that other potential home buyers will see it, and understand the very real aspect [...]
Tags:first time home buyers in Michigan·foreclosures in macomb county mi·pricing your home to sell
MSHDA Down Payment assistance programs for home buyers in Macomb County MI
September 8th, 2009 · 2 Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, fha mortgages and first time home buyers, first time home buyers
MSHDA (Michigan State Housing Development Authority) has some new
programs to help first time home buyers with their down payment
assistance. I talked with Michelle Cyplik of Paramount Bank in Rochester
MI about these programs just before the Labor Day weekend, and we are
going to get together at the end of this week to talk more in depth [...]
Tags:$8000 first time home buyers tax credit·Down payment assistance·first time home buyers in Michigan·foreclosures in macomb county mi
Reduction in the number of foreclosures on the market in Macomb County MI
September 1st, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, macomb county mi real estate market, tips for home buyers
If you have been out and about looking at homes for sale in the Macomb County area then you surely have noticed that the number of homes on the market that are foreclosures (bank owned) is less than what it was a few months ago.
Part of the reason for this lower number of bank owned [...]
Tags:$8000 tax credit·foreclosures in macomb county mi·macomb county michigan real estate market
Bank owned homes (Foreclosures) and disclosures - don’t expect any.
August 22nd, 2009 · 1 Comment · tips for home buyers, tips for purchasing a foreclosure
One of the things that really gets my goat (ok, that was an oldie but it applies) is the lack of sellers disclosures on bank owned homes.
In Michigan if I decide to sell my own home I am required to provide a written sellers disclosure about the condition of the home. Are there any known [...]
Tags:Buyers agent in Macomb County MI·foreclosures in macomb county mi
City of Warren MI is going to enact a foreclosure registry for homes
July 8th, 2009 · 3 Comments · tips for purchasing a foreclosure, warren MI
The first reading of a new ordinance in the City of Warren has already taken place and the 2nd reading will probably happen when the city council next meets.
This ordinance is going to have a positive affect on homeowners in the city by helping reduce the eyesores and the safety hazards that abandoned properties have [...]
Tags:foreclosures in macomb county mi·warren michigan
Sterling Heights foreclosures are selling - but a few surprises also
April 15th, 2009 · 2 Comments · Real estate market reports - Macomb County, Uncategorized, chesterfield township, macomb county mi real estate market, sterling heights, tips for home sellers
I’ve shown many homes in Sterling Heights (Macomb County MI) over the last 2 months and while many of them have been your typical on the market homes (not a foreclosure or a short sale) I have been surprised to see that it is the foreclosure sales that have overwhelmingly been the homes that have [...]
Tags:foreclosures in macomb county mi·search homes for sale·short sales in Macomb County MI·Sterling Heights MI real estate market
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
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 foreclosure [...]
Tags:foreclosures in macomb county mi·short sales in Macomb County MI
Have a real estate question? RSS Feed