detroit foreclosures: Buying a Metro Detroit foreclosure be prepared - 07/22/09 10:33 PM
Once you put in an offer in on a Metro Detroit foreclosure be prepared for the banks addendums. It doesn't matter whether you are a Metro Detroit first time homebuyer or an experienced home buyer. The foreclosure buying process is controlled every step of the way by the bank. If you … (3 comments)
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detroit foreclosures: The tricky part of buying bank foreclosures - 06/27/09 06:22 AM
I am noticing more and more foreclosures that are in bad shape. With Metro Detroit banks getting tougher with the appraisals. Appraisers are noting all the damage whether it is:
roof that needs to be repaired
missing light fixtures,
drywall damage
peeling paint
That is putting more Metro Detroit foreclosure buyers … (2 comments)
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detroit foreclosures: What happened here? - 06/06/09 08:05 PM
I see a lot of foreclosed homes in a week. Last week I was working with a Metro Detroit relocation buyer that was a young doctor from Providence Hospital in Farmington Hills MI. I have been working with quite a few young doctors moving into the area lately. They have been … (4 comments)
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detroit foreclosures: What to expect at a foreclosure closing - 05/14/09 08:31 PM
Nothing............ Yes you heard me right. There won't be some bank official sitting there. They are represented by the closing agent. Many times the closing documents have not been even signed by the bank. The chair is going to be empty. Welcome to the cold, cold world of banking. It is … (6 comments)
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detroit foreclosures: I'm sorry I didn't realize - 05/11/09 09:14 PM
that I was being a real estate professional. Do you ever get frustrated because your clients are wanting to do one thing and you know better not to do it. Lately that was happening to me. I had two clients that weren't listening to me no matter how many times I … (8 comments)
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detroit foreclosures: Another great day in Michigan - 04/17/09 08:09 PM
I have three friends that own funeral homes. I don't know how that happened, but I ended up with three good friends that are in the funeral business. They sometimes have a different sense of humor and sometimes it is right on.
One comment that one of them used once has … (5 comments)
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detroit foreclosures: Here's a new one for me - 04/13/09 07:38 PM
I've got squatters! We are closing on Friday and my client went by the house she was buying. It was a metro Detroit HUD home which is usually a FHA foreclosure. There was a car in the driveway, the lock was gone from the door and there was a mattress in … (10 comments)
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detroit foreclosures: I'm sorry but I won't participate - 03/26/09 09:39 PM
I apologize in advance to all the out of country investors that want to buy Metro Detroit foreclosures. Whether you are from Australia, England, India, or Sweden Detroit's not the place for you to put your money.
Call it what you will, but I call it ethics. I am making a … (9 comments)
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detroit foreclosures: The future of Detroit MI - 03/21/09 10:13 AM
If you haven't noticed Detroit housing is a national media subject. They love talking about $100 Detroit homes for sale or that Detroit is becoming "landlord land". And they are right much of Detroit housing is becoming owned by investors.
There are investors buying Detroit homes cheap from all over the … (4 comments)
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detroit foreclosures: When will common sense kick in? - 01/17/09 05:37 AM
Here in the outside circle of Metro Detroit suburbs that encompass the City of Detroit we are seeing 1000 square foot bungalows selling for as low as $25,000. Some of these outside circle cities are Dearborn, Redford, Lincoln Park, Warren, East Pointe, Ferndale, Oak Park, Hazel Park. It is not uncommon to be … (8 comments)
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detroit foreclosures: How do foreclosures affect my neighborhood - 01/09/09 08:27 PM
Metro Detroit foreclosures do affect your neighborhood in many different ways
Price - foreclosures drive down the price in your neighborhood. The government and banks don't want to own homes. They want them off their books. They will keep lowering the price until the home sells. If the foreclosure is on the … (3 comments)
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detroit foreclosures: Detroit Lion's no#1 in the nation - 12/21/08 04:25 PM
The Detroit Lions are officially the NFL's worst team in the history of the NFL (at least in some Detroit fans opinions) . Wahoo!!! I am glad they are number one. Now we get the first draft pick. I would like to take that pick and trade the whole team to China.
… (2 comments)
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detroit foreclosures: Buying Detroit foreclosures as investment properties - 12/02/08 09:44 PM
This will be a controversial post. I got an email from a investor (out of the country) that thought Detroit real estate were an absolute bargain. I get this all of the time. I have helped people buy Detroit foreclosures. That is when they knew what they were getting into.
The … (7 comments)
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detroit foreclosures: Southeastern Michigan Foreclosure update - 11/22/08 08:00 PM
Wayne County Foreclosures, Oakland County Foreclosures.
Here is the latest update on how many properties are showing up as bank owned or government owned on theWestern Wayne County MLS that are currently for sale.
Plymouth MI foreclosures - 24
Northville MI foreclosures - 13
Novi MI foreclosures -30
Farmington & Farmington Hills MI foreclosures … (0 comments)
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detroit foreclosures: Metro Detroit Foreclosures - 10/05/08 09:01 PM
When you go to look at Wayne County foreclosures you need to be prepared that many of them are in disrepair. Think of it this way. The homeowners couldn't pay their mortgage bill how could they think of spending money to maintain their Wayne county Home.
Most Wayne County foreclosures are … (2 comments)
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detroit foreclosures: How does the Metro Detroit real estate market compare to the rest of the nation? - 06/28/08 08:15 AM
I believe the Metro Detroit Real estate marketis very similar to most of the country. I believe we here in Michigan went into the real estate bubble first. I don't know if we will emerge first.
Homes across the country are losing value. I have read stories of 40% in some … (0 comments)
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detroit foreclosures: Great home deals in the Metro Detroit Real Estate Market! - 04/14/08 06:53 AM
I am loving this market and the Michigan Home buyers that it is bring out. I was out all day yesterday from 9 am to 7pm showing houses to 5 different buyers. I guess I truly do love showing houses, talking to people, and answering questions about the property.
Michigan homes buyers … (1 comments)
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detroit foreclosures: Michigan foreclosures - 04/05/08 07:56 AM
Michigan foreclosures, Metro Detroit foreclosures, and Wayne County foreclosures
In the last 2 days I have seen over 40 homes and sorted through over a 100 Michigan foreclosures with an out of state investor. One of the keys in buying right is buying a foreclosure in the right neighborhood. There are more desirable … (1 comments)
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detroit foreclosures: Active Rain Success? - 04/04/08 08:36 AM
They don't know how they got to my Michigan real estate website http://www.russravary.com/ but the lady said she was reading an article about Detroit Foreclosures. I don't know which article they read
http://activerain.com/blogsview/348722/Buying-foreclosures
http://activerain.com/blogsview/318391/Buying-REO-or-bank
http://activerain.com/blogsview/414160/To-buy-or-not
http://activerain.com/blogsview/319307/Michigan-s-foreclosure-process
http://activerain.com/blogsview/358622/Buying-foreclosures
It must have been Active Rain. She asked me if I could show a house the next morning. I said sure!
The next … (3 comments)
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detroit foreclosures: Michigan Foreclosures - what to remember - 03/10/08 09:08 PM
When buying a Michigan foreclosure or any bank owned property around the country you need to remember a few things.
1) When buying a Michigan foreclosure remember to read and re-read the contract and addendums from the bank. Many times the bank has language protecting them. Sometimes they push some of the … (1 comments)
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