Foreclosure in Detroit : Advice

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Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis & Dmitry Koublitsky answered:
Is there any way to tell from the listing if a property is in foreclosure or bank-owned?
It depends on the phase of the foreclosure, but that information is often available in the public records in Oakland County. Wayne county, where the City of Detroit is located, has a r ... more
0 votes Share Flag Sun Mar 16, 2008 Foreclosure in Boston Edison, Detroit, MI
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis & Dmitry Koublitsky answered:
how do I become a listing agent?
You get a real estate license and go find a broker to work under. Then you find someone who trust you to list their house.
0 votes Share Flag Mon Aug 23, 2010 Foreclosure in Detroit
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis & Dmitry Koublitsky answered:
is a sherwood park foreclosure a good investment?
Hard to say. Something is not necessarily a good value because it is a foreclosure. They often need more work than other homes. Look at the comps, get a good idea of how much repairs ... more
0 votes Share Flag Sun Jan 27, 2008 Foreclosure in Sherwood Park, Detroit, MI
smith3gary, Real Estate Pro in White Lake, MI
smith3gary answered:
I'm thinking about purchasing a foreclosure in the Grandmont-Rosedale neighborhood. What kind of area is it?
Suzanne, You need to worry about crime, renters, and property damage anytime you do rehab. Real Estate professionals cannot provide the information you ask about. There are many Federal ... more
0 votes Share Flag Thu Feb 26, 2009 Foreclosure in Grandmont-Rosedale, Detroit, MI
Gordon Johns…, Real Estate Pro in Plymouth, MI
Gordon Johnson answered:
Why are there so many foreclosures in Detroit?
It's a combination of many factors. The biggest factors are the loss of so many jobs in Michigan many (but not all) are automotive related. Another huge factor is that so many people ... more
0 votes Share Flag Sun May 4, 2014 Foreclosure in Detroit
smith3gary, Real Estate Pro in White Lake, MI
smith3gary answered:
IS 11736 COLLEGE STREET IN FORECLOSURE?
Latia, yes, the home went to sheriff auction on August 22nd. There is a 180 day redemption period for the owners to repurchase.
0 votes Share Flag Wed Dec 12, 2007 Foreclosure in 48205
smith3gary, Real Estate Pro in White Lake, MI
smith3gary answered:
Short Sale question from a buyer
Cera, I'm not a short sale specialist, but short sales frequently go 3-4 months. Banks require all the I's dotted and "T"'s crossed and go through several departments. Perhaps asking yo ... more
0 votes Share Flag Tue Jul 13, 2010 Foreclosure in Core City
T.E. & Naima…, Real Estate Pro in Dallas, TX
T.E. & Naima Sumner answered:
What is an FHA 203(k) and FHA Streamline 203(k) and is there an income MAXIMUM?
Here are the answers on this link: Check the FAQ... everything you want to know is there... I maximum loan amount for an FHA mortgage varies by state and in Wayne county Michigan I be ... more
0 votes Share Flag Wed Apr 20, 2011 Foreclosure in Detroit
Carrie Crowe…, Real Estate Pro in Southaven, MS
Carrie Crowell answered:
How to determine price to offer on foreclosure in expensive area needing work e.g roof, windows, etc?
I would get estimates on the repairs before I considered making an offer. Know as much as possible about your overall cost.
0 votes Share Flag Tue Oct 30, 2007 Foreclosure in Detroit, MI
#1,  in San Francisco Bay Area
#1 answered:
how do the mortgage or the credit squeeze affects me as buyer now.?
You need to have great credit or you will be subject to hard money for home laons. That's the market we are in. Can I answer any more questions for you?
0 votes Share Flag Sun Oct 28, 2007 Foreclosure in 48228
Ute Ferdig -…, Real Estate Pro in New Castle, DE
Ute Ferdig - Atty. Negotiator answered:
is 95K for 3880 s.f detroit home needing 50K of work a good price the property sold for 425K 4 years ago?
Chris. I would be careful here. This is a foreclosure and $95,000 sounds very low for a 3,880 sqft home even if it does need $50,000 of repairs. If the house sold for $425,000, I sus ... more
0 votes Share Flag Wed Dec 12, 2007 Foreclosure in Detroit, MI
Mark Palace, Real Estate Pro in Satellite Beach, FL
Mark Palace answered:
how do i find cheap distressed homes in southwest detroit?
Visit your local clerk of the court to review the lis pendens cases and/or judicial foreclosure judgements. You may also request assist from a local real estate expert. Visit http://w ... more
0 votes Share Flag Tue Nov 22, 2011 Foreclosure in Detroit
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