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mike caira: A Foreclosure + a FHA Buyer = A success story! - 01/31/08 05:37 AM
In the Metro Detroit area two scenarios we are seeing on a daily basis in the real estate industry are the increase in homes on the market that are foreclosures (bank owned) and the growing popularity of FHA mortgages for home buyers. 
Typically many home buyers who want to purchase bank owned homes have been frightened off by FHA mortgages, feeling that the inspection guidelines have been too restrictive.  Bank owners of these homes have also been slow to offer FHA terms as one of their purchase guidelines along with conventional or cash terms because they were likely worried about … (25 comments)

 
Kris

Kris Wales - Macomb County MI real estate blog & homes for sale search site

Macomb, MI

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Keller Williams Realty - Lakeside Market Center

Address: 45609 Village Blvd., Shelby Township, MI, 48315

Office Phone: (586) 536-5453

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