Property Q&A in 48224 : Advice

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happyfebfish, Other/Just Looking in Detroit, MI
happyfebfish asked:
Who's the current owner of this property? --
This question was asked from this property: http://www.trulia.com/homes/Michigan/Detroit/sold/2200750-9701-Somerset-Ave-Detroit-MI-48224
0 votes Share Flag Sun Jul 13, 2014 Property Q&A in 48224
Craig Snead, Both Buyer and Seller in Wayne County, MI
Craig Snead answered:
How does land contract work?
Jacqueline, A land contract is an agreement between the seller and the buyer. The terms of the agreement are negotiable. These terms include purchase price, the amount of the down paym ... more
0 votes Share Flag Mon Jun 6, 2011 Property Q&A in 48224
Chip Andis, Real Estate Pro in Waterford, MI
Chip Andis answered:
How does land contract work?
Purchasing real estate with a land contract is buying with seller financing.
Instead of a bank financing the purchase, the seller is carrying the
loan for the buyer.
The financing s ... more
0 votes Share Flag Mon Jun 6, 2011 Property Q&A in 48224
Gordon Johns…, Real Estate Pro in Canton, MI
Gordon Johnson answered:
How much will be the property taxes ?
Based on the current SEV of this property the annual property taxes would be approx $2,700 if this is your principle residence and if it is not the taxes would be approx $3,400.

Let ... more
0 votes Share Flag Tue Oct 28, 2008 Property Q&A in 48224
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