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

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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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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 [...]

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One of the features of this blog is that a reader can ask a question or leave a comment without having to log in and subscribe. Recently a potential home buyer named Patricia asked a question that many people have been asking: “I have an offer in on a bank house now and its been [...]

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A phenomena that those in the real estate industry have witnessed for the past 2 years or so has been brought to a halt.  Finally. It’s what I (and others) termed “Buy and Bail”. In Macomb County some of what I saw and heard of was nothing but greed. Sure, home sellers tried to justify [...]

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One of the things I’ve noticed over the last 90 days or so while showing homes in our area is that the foreclosure (bank owned) homes are priced now with selling in mind. A year or so ago the banks overpriced the homes.  I believe they were setting their prices at what they were owed, [...]

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