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Macomb County Home Buyer Assistance Program

By Mike Mitchell

Real Estate Agent with Kee Realty

March 12, 2009 04:46 AM

I have just heard that Macomb County is starting a home buyer assistance program for vacant foreclosed properties in Macomb County. So far from what I've read, the Macomb County Buyer Assistance Program will cover 21 Macomb County communities and concentration will be placed on Eastpointe, Mt. Clemens and Center Line.

The jist of it, from what I understand is that Macomb County can provide deferred payment or forgivable loans for down payment assistance, closing costs, home rehabilitation or other financing for single family, owner occupied residences.

I don't have all the answers to the rules and regulations and qualifications yet, but I am registered to attend an informational meeting on March 23rd. I'm looking forward to learning all the details to this program, especially if it will help buyers and reduce the number of bank owned properties on the market.

I'll post all the details after I attend the meeting.

For more info on the Macomb County Real Estate market, contact Mike Mitchell,REALTOR ®

Mike Mitchell - REALTOR ®
GMAC The Kee Group
Direct: (586)291-2652

http://www.mmhomesearch.com/

Mike Mitchell - Realtor

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Ellie McIntire

Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD

Luxury service in Central Maryland

Whatever it takes to stimulate the market. These programs sound like good ideas to help your area.

Mar 12, 2009 02:34 PM

Loan Survivor Real Estate Financing Expert

Purchases, First Time Buyers, Pre-Approvals, Refinance - Birmingham, MI

Mike,

Oakland County just kicked the same program off 2 weeks ago. Let me know if you have any questions as I blogged about the program afterwards.

Mar 12, 2009 03:00 PM

Kris Wales

Keller Williams Realty - Lakeside Market Center - Macomb, MI

Real Estate Blog & Homes for Sale search site, Macomb County MI

Mike, would you mind sending me the information on where the meeting is to be held?

Can you hear me applauding??

Mar 12, 2009 10:03 PM

Mike Mitchell

Kee Realty - Saint Clair Shores, MI

REALTOR (R)

Hi Ellie, I agree it sounds like a good idea! Thanks for commenting.

Mar 13, 2009 12:21 AM

Drew - thanks, I may have some questions for you after the meeting.

Mar 13, 2009 12:22 AM

Kris - I can hear you! - LOL

I'll email you the info!

Mar 13, 2009 12:23 AM

Tom Boos

Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI

Providing the very best of service to Sellers and

Sounds like a good idea Mike. We need to see a boost in owner-occupied housing sales. Too many homes are being puchased by investors for rental purposes.

Mar 18, 2009 05:28 AM

Anonymous

Bmoss

I applied for this program the second week of March. They expect to stimulate the economy with this program, but according to the woman I spoke to it takes 6 months to even get your application looked at. When she looked it up I was only the 101th application on the list too. Now that the program is more known, could you imagine how long the 500th applicant is going to wait?

May 05, 2009 06:10 AM

Bmoss - are you sure they said 6 months and not 6 weeks?? If it is 6 months, I agree with you, that isn't going to help stimulate the economy.

May 05, 2009 06:21 AM

Macomb County Home Buyer Assistance Program

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