Home Buying in Lake Orion : Real Estate Advice

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USMortgageRa…, Real Estate Pro in Plano, TX
USMortgageRanger answered:
What kind of documents do you need for income proof? Banking statements?
Hi Rebecca,

Congratulations on your decision to purchase a home. The initial documents that are required in order to be approved by a Lender are: Your most recent pay-stub for the pa ... more
0 votes Share Flag Sun Jan 18, 2015 Home Buying in 48362
Derek Tunison, Other/Just Looking in Clinton Township, MI
Derek Tunison answered:
Can we still qualify as first time home buyers on our new house, if we recently sold an inherited property that we never lived in?
I would like to know a little more about your situation. I am a mortgage specialist in Macomb County. I would be more that happy to help you get pre-approved for a new mortgage, and an ... more
0 votes Share Flag Sat May 24, 2014 Home Buying in 48362
Robert Hanson, Real Estate Pro in Olney, MD
Robert Hanson answered:
Approval financing
Hi Ruth,

Assuming that you are not a veteran, you likely have two main options:

1) USDA loan and property which limits your choices possibly, but requires no down payment
2) FHA ... more
0 votes Share Flag Tue Mar 11, 2014 Home Buying in 48362
angelajones1…, Home Buyer in Farmington Hills, MI
angelajones1971@gmail.com answered:
Land Contract homes in Oakland County
I too am looking to purchase a home on land contract and wanted to find out where to start.
0 votes Share Flag Wed Dec 25, 2013 Home Buying in Lake Orion
bennett.ange…, Home Owner in Lake Orion, MI
bennett.angela1984 answered:
What are the school. Academic. Rating
Lake Orion Schools are some of the highest-quality schools in the state. A very large reason why we chose Lake Orion. Graduation rate I believe is somewhere in the 98% range. Check out ... more
0 votes Share Flag Wed Jul 24, 2013 Home Buying in Lake Orion
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Listing overstaes property size more than double no one will help. 534 Bellevue Ave Lake Orion Mi
WHat do you need help with, if you are the owner you need to contact your listing agent to fix it. If you are not the woner you still could contact the listing agent and tell them it i ... more
0 votes Share Flag Sat Feb 9, 2013 Home Buying in Lake Orion
Chris Riebe, Real Estate Pro in Irvine, CA
Chris Riebe answered:
Are home prices going up or down?
Great question because it exposes what a complex market we are in. Like others have said, so much depends on where you live.

In general, prices are rising. Here in Orange County, C ... more
0 votes Share Flag Tue Nov 6, 2012 Home Buying in 48362
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
. Is there a way to buy the house from the bank before the sheriff deed expires?
I'm assuming you are talking about the redemption period ending in September. Usually a homeowner has 6 months from the sheriffs sale to redeem a property. If they don't redeem it with ... more
0 votes Share Flag Thu Aug 23, 2012 Home Buying in Lake Orion
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
First time home owner deductions on inherited property.
Colony Bill,

I don't understand how you can inherit a mortgage. If your name is not on the mortgage you are not liable for it. You would have to talk to an attorney to find out the ... more
0 votes Share Flag Mon Aug 6, 2012 Home Buying in 48362
William Hadl…, Home Owner in 48362
William Hadley asked:
First time home owner deductions on inherited property. I have been living in a house that was in my mothers name for the last 9 years, upon her passing I inherited the property and it's outstanding mortgage. The mortgage company has said…
0 votes Share Flag Mon Aug 6, 2012 Home Buying in 48362
Renter, Renter in Lake Orion, MI
Renter answered:
Looking to rent 3-4 bedroom home in lake Orion/Oxford area
There is a house at 3256 Springwood Ct in Lake Orion that is out for rent. This is very close to all amenities and has easy access to highway 75 too.
0 votes Share Flag Thu Jun 21, 2012 Home Buying in Lake Orion
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
Will the REO department talk to potential buyers before the redemption period is up?
Hi Suzanne:

No he REO department will not talk to buyers, the homeowner retains all rights to the property until the end of the redemption period. A real estate agent is assigned to ... more
0 votes Share Flag Sun Jul 10, 2011 Home Buying in Lake Orion
Jackie Hawley, Real Estate Pro in Clarkston, MI
Jackie Hawley answered:
Do we have any rights as a home buyer?
Hi,
Hopefully you got the extension since I'm replying a few months after you posted your question. I'm surprised that no Michigan agents answered your question. The sherrif& ... more
0 votes Share Flag Wed Jan 12, 2011 Home Buying in Lake Orion
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
can you get the first time home buyer tax credit if you inherited a house?
Sadly, it appears that the tax credit is coming back. This time it appears to apply to those who owned a house for 5 years or longer for $6,500. The bill should be signed within a week. ... more
0 votes Share Flag Thu Nov 5, 2009 Home Buying in 48362
Joshstewart,  in Northfield, OH
Joshstewart answered:
How can an underwriter request proof or guarantee of "future" employment?
There is always a section on your Verification of Employment called: Probability of Continued Employment.
Being that you have a 20 yr job history there should be no need for a "gu ... more
0 votes Share Flag Thu Sep 3, 2009 Home Buying in 48360
Rulferts, Home Buyer in 48362
Rulferts answered:
Accepted counter offer from bank, but another buyer was countered as well. Am I only competing with them?
I will have to double check with my Realtor. I understood that the bank made a written offer that we accepted. They just didn't aknowledge that they recieved it because they made ... more
0 votes Share Flag Sun Aug 30, 2009 Home Buying in 48362
Margaret Woo…,  in Clarkston, MI
Margaret Woods answered:
How low do you think the back will be able to go on this house? 515 Renfrew, 48362. I really can't afford
This house has been removed from the market by the bank. Websites like Trulia are great for giving you an idea of what is on the market, but sometimes the updates on houses does not fe ... more
0 votes Share Flag Wed Jun 17, 2009 Home Buying in Lake Orion
Maria Morton, Real Estate Pro in Kansas City, MO
Maria Morton answered:
Due to a bankruptcy I cannot buy until January 2009 (first time buyer, single mother of 3). Will there be?
Diane,
it's good that you are thinking ahead. As has been mentioned, passing the required time limit is just the first step. Since you know what you want, putting a plan of action in ... more
0 votes Share Flag Fri Aug 8, 2008 Home Buying in 48362
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