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

HUD has changed its asset manager in Michigan, as well as the incentives they used to offer. (Much of last year there was a $2500 bonus to HUD home buyers that could be used to help pay for their closing costs.)   This is no longer available, so anyone thinking of purchasing a HUD home in [...]

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A few days I wrote an article about the National Association of Realtors® taking
a stance and adding to their Standards of Practice the verbage “don’t give out the
lockbox code!”.   While reading and commenting it reminded me of something
that is taking place with HUD owned homes:   The locks are re-keyed with the
same HUD key being able [...]

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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 [...]

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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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This past week I received 3 email inquiries about the (up to) $8000 first time home buyers tax credit and even though I responded to the people who asked the questions via email, I realized that the questions they asked are ones that I’m sure many others have questions about.
If I buy a HUD home [...]

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As it is with most mortgage programs and
down payment assistance, there is much
misinformation out there when it comes to the
program details.

HUD has a program for Michigan home buyers that allows for a $100 down payment when used with a FHA mortgage.
A couple of important details with this program:

You must occupy the home.  (It is not [...]

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Within the past few days I have been reading many articles
floating around the ‘net about HUDs latest announcement
in regards to its 5 year old Anti-Flipping regulations.
(In a nutshell, HUD would not insure any home mortgages in which the home had been purchased and flipped within 90 days of the new buyer purchasing it.)
This past week [...]

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In the coming weeks we will probably be seeing much
in the media about HUDs Federal Housing Administrations
(FHA) new guidelines and pricing structure that is
expected to go into effect on July 14th.
I’ve already had calls from prospective buyers in our area
who are worried that this will mean that the FHA mortgage will be more difficult to [...]

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