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Macomb County MI real estate blog

Worry about “tagged homes”, but worry more about homes scheduled for demolition – purchasing a foreclosure tip for Macomb County MI real estate buyers

October 18th, 2010 · 1 Comment · tips for home buyers, tips for purchasing a foreclosure

I remember last summer when a buyer client and I viewed a home in Warren.  It was a foreclosure, and because she was semi-interested in the home I did a bit of research on it the next morning. The City of Warren had “tagged” the home, which means you  need an inspection from the building [...]

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Bank owned homes and lack of disclosures

October 3rd, 2010 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

This is one of those “just when I think I saw it all…” kind of posts. Last week I took buyer clients through a foreclosure (bank owned) home in north Macomb County.  The home has been on the market for quite a while, considering the low price for a large newer home in that area.  [...]

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Buyers beware – call the city or township building department before purchasing a Macomb County MI foreclosure

August 6th, 2010 · 1 Comment · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

Once again I was reminded this morning that home buyers are having a difficult time receiving accurate information from their real estate agents regarding tagged homes on foreclosures.  Many Macomb County communities now have in place an inspection of foreclosure homes by the building departments before you will be issued a certificate of occupancy.  Without [...]

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Viewing homes on these hot humid days -notably, foreclosures and other vacant Macomb County homes

July 12th, 2010 · No Comments · macomb county mi real estate market, tips for home buyers, tips for purchasing a foreclosure

During the cold winter months I long for summer. Viewing the foreclosures and vacant homes in the winter isn’t much fun.  In fact, it can be quite challenging and uncomfortable.  My buyers and I cringe each time we trudge our way through snow drifts to enter the home, and no relief is found on the [...]

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Home sale statistics for March 2010 – what we’re seeing and how it relates to a housing recovery in our area

April 14th, 2010 · 1 Comment · macomb county mi real estate market, Macomb County MI real estate market report

One of our area multilist associations (Realcomp II Ltd.) has just released the March 2010 housing sales report and I have to say, I’m excited about what I’m seeing.   Most real estate professionals feel that the housing market will truly show signs of a recovery when 3 things happen consistently:    Number of homes on the [...]

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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

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 [...]

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Short sale denied by lender, then foreclosed upon. What happens next?

January 16th, 2010 · 2 Comments · 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 [...]

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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 [...]

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Are foreclosures the only good “deal” in Macomb County? Not by a long shot..

September 13th, 2009 · No Comments · first time home buyers, macomb county mi real estate market, tips for home buyers, Up to $8000 1st time home buyers tax credit

“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 [...]

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MSHDA Down Payment assistance programs for home buyers in Macomb County MI

September 8th, 2009 · 2 Comments · fha mortgages and first time home buyers, first time home buyers, Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit

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 [...]

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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.