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Category: Foreclosures, investment properties, landlord

The stress of buying FHA

Posted on December 30, 2012 Posted in Buyer Tips, First time home buyers, Foreclosures, investment properties, landlord

FHA appraisals are getting tougher again.  For a couple of years they relaxed the guidelines but now appraisers are being pressured to be tougher on the appraisals.  Sure the mortgage people can pick the appraiser but there are no more blind eyes.  …

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Northville foreclosures

Posted on December 30, 2012 Posted in Foreclosures, investment properties, landlord, Northville

Northville MI foreclosed homes Right now there are only 12 Northville foreclosures currently for sale as of June 7, 2009.  The least expensive one is 1035 square foot foreclosure for $39,900.  The most expensive one is $689,900 for a 5600 square foot Northville foreclosure There …

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Livonia Foreclosure Market MI

Posted on December 30, 2012 Posted in Foreclosures, investment properties, landlord, Livonia

Here is a look at recent sold Livonia foreclosures in the last 30 days.  You will notice that some of them have sold as quickly as 2 days and 7 days.  The average time on the market is 53 days for the …

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Metro Detroit short sales

Posted on December 30, 2012 Posted in Foreclosures, investment properties, landlord, Seller Tips

If you are trying to decide whether to let your home go to foreclosure or do a short sale this is my thoughts.  Would I list my Metro Detroit home as a short sale or let it go into foreclosure?   …

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Do you really want to be a Detroit Landlord?

Posted on December 30, 2012 Posted in Foreclosures, investment properties, landlord

Detroit Investment properties I get a kick out of all these people from around the country wanting to buy Detroit foreclosures.  “You can buy Detroit foreclosed homes for as little as a $1.”  scream the media.  I get calls and emails from around …

Do you really want to be a Detroit Landlord? Read more »

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