Buying Forclosure in Kalamazoo and Portage, MI - 12/23/09 08:16 AM
Sooo you are wondering how to purchase a bank owned home in Kalamazoo county??
You have stopped at the right place :) Most buyers think there is a magic website that shows all the foreclosures and sign up to get the information and some even buy what they think are lists of foreclosures in Kalamazoo county. The reality is the lists are old, dated, and most of them sold years ago leaving a buyer frustrated and misled. The company that claims they have these lists sell your information to real estate agents....  So.... what is a buyer to do???
The first … (0 comments)

Kalamazoo, MI Short Sales - 12/23/09 08:05 AM
HAVING TROUBLE MAKING MORTGAGE PAYMENTS IN KALAMAZOO, MI??
Best option is a A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrower.

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$8,000 First-Time Home Buyer and $6,500 Move-Up Buyer Tax Credit 2009-2010 - 12/21/09 07:07 AM

Via Laura Rubinchuk - The LJR Group - Your Northern Virginia and D.C. Realtor (Keller Williams Realty):
Enacted on November 7, 2009 – the $8,000 tax credit has been extended and expanded, and has added an additional $6,500 tax-credit for “move-up buyers.” Below is a synopsis of the new regulations:
First-Time Buyers
$8,000 Tax Credit Must not have owned a principal residence for any part of the past 3 years Income Restrictions: Single: $125,000 Married: $225,000 For those who have incomes exceeding these, there will be a phase out or partial tax credit up to $20,000 above these limits Maximum Sales … (1 comments)

What do I do if my appraisal comes in low? - 12/21/09 06:49 AM
The first concern is typically will the sale be able to be completed since you have a willing an able buyer and a willing and able seller that have agreed on conditions. The appraisal is generally ordered within 10 days of an accepted offer and can take about a week to have completed to find out any conditions that need to be addressed and what value the bank is placing on the home. The biggest downside is the appraiser could be from out of town, or an adjoining county and not know the area and place a low value.
So a … (5 comments)