Yes, in some areas FEMA has revised flood plain maps because of new data. These revisions may require properties to have Flood insurance when it was not required before.
Mike Warren, Broker
39500 High Pointe Blvd.,
Novi, MI 48375
Your son's REALTOR should be doing his/her homework. This sounds complicated and they should not try to do this themselves, without Realtors or attorneys.
If Dad owes 187K, but the house is worth only $150, (and if Dad is experiencing a financial hardship) then Dad needs to negotiate a SHORT SALE with his lender. (best handled by professionals).
Your son can't just buy his house until that part is figured out.
But if Dad's house is worth more than what he owes -- like around $200K then a Short Sale isn't necessary. Son can buy the house for $200K (as long as it appraises for that).
I would get a Realtor involved to do a CMA on the property to see what it's market values is. No need to pay for an appraisal at this point.... more
I would be happy to send you a list of homes in that price point on the water in Grosse Ile. Please drop me a line at JeffGushman@gmail.com or call me at (734) 357-0311 and we can get in touch.
I look forward to helping you.
RE/MAX Home Sale Services
That is very sad.Try contacting the local police since 911 would have been called. You may have to go there in person to find out. Not all states require disclosure of a suicide. Your local municipality has a wealth of info on homes, including permits filed for work done.... more
Murphy, if you are asking if you can be there during the FHA inspection for your (FHA?) loan approval, then that is up to the inspector and if you know when they will be at the property. What does your agent say? Have you had your own home inspector look at the property? I would not count on the bank making any repairs to the property on your behalf. Consult with your agent so that they may advise you on the best course of action.
Good luck.... more
You can make that part of your offer, i can tell you that banks would rather sell as is and discount the price than make repairs. some may make them though but you will be paying full price. your bets bet is to discuss it with the listing agent and incklude anything you want or need fixed in your first offer.
Please see my blog for tips on buying a bank owned home... more
There is a leaking pipe prior to closing...is the seller not willing to make repairs?
I think this is an issue that should be resolved before closing. By the sound of it, your inspection period may have already passed for cancellation. However, I would stress to the seller the need for this to be repaired, even if you split the cost on it before more serious damage occurs.... more
Hello, this is Amador Melgoza from Keller Williams Realty. If You need questions answered, I'm here to help. Was there a certain property You where referring too in Grosse IIe, Michigan?
Amador C. Melgoza
Keller Williams Realty
35427 Dodge Park
Sterling Heights, MI 48312
Your broker will do anything he can to get you a loan - it's the way he gets paid, he will only benefit if you DO buy a home. Lenders are losing their shirts on loans that they've given to lower-income borrowers (foreclosures), so they are going to be very careful about who they loan to. Keep shopping around.... more
I'm not certain where you are in the foreclosure process based upon your question. The State of Michigan has information on their website to help those facing foreclosure. Look under the various links and photos on this website.
Some additional information is available on the State of Michigan Attorney Generals website below his photo
The site also includes Housing Counseling. In addition, I suggest seeking advice from a foreclosure attorney. I suggest being proactive and getting help rather than waiting for the home to be taken away and evicted.... more
What a terribly sad story. I applaud the folks for using inheritance money to try and to the right thing by paying their bill, but wish they rather would have received sound advice from a professional on the front-end.
Depending on what is owed and what the home is worth, a, "short sale," or something along those lines may be a good solution.
Feel free to email me for more information, as I could provide much more information directly as relates to this particular instance. Thank you.
Derek Bauer, Real Estate One... more
Eileen, Trulia includes recent sales of some homes in your area within the home search. Simply select sold instead of for sale or foreclosures. I do have access to all transactions through the Multiple Listing Service and Wayne County Public Records if you would like information about all homes sold during the past few months.
As to your question, Looking for the company that sold the most homes is one way to look, but what if they sold the homes for 60 percent of their actual value. Would you still want that company to sell your home?
I suggest looking for a local company and interviewing several agents. Here are some websites that may help.
On Trulia, select Member Search and enter either Grosse Ile or your zip code to find members that have answered questions for your area. Their actual city will appear on the right hand column.
http://mirealtors.com/consumers.html State of Michigan Association of Realtors(R) website. Select Find a Realtor from the top menu. This would be the most complete list.
http://activerain.com/states/MI/counties/Wayne+County and select cities around you
Alternately, I can send you a list of several agents that may meet your needs. When interviewing agents, you should focus on their marketing and not the price range for your home. I do suggest interviewing at least 3 agents and choosing the person that best fits your needs.... more