Stephan

I have a property In Napa for under $260,000. Contact me for more information.

Best Regards,

Stephan - Sun Jul 27 2008, 03:04

It depends how much you owe, and weather you plan on living in Detroit for a long time. Also, obviously if you are happy in the house, and can afford the payments. If yes than keep it because eventually in ten years it will be worth a little bit more, and you would have been paying rent al that time anyway. Now if you really believe you will need to sell within the next 2 years SELL IT NOW, the real estate market is going down, and will continue to do so for another couple of years especially in Detroit, anyone who says different is not fully informed, also even when the housing slowly trends upward it will be just that SLOW if your house is worth 30k now and will be worth 25k in a yer it MAY be worth 30K in three years, and who knows how long it will take you to seell it at that price because there are over 10,000 foreclosed property's in Detroit right now so why would I as an investor buy your house for 37K when I can buy the same house foreclosed for 8K? Thats why if you actually can sell it right now DO IT, you will get the same price if lucky in 3 years and you will have to pay the mortgage all that time. This is the most honest direct advice anyone will give you because I am not here to make a commission I am an investor, not a realtor, and I believe there is money to be made in this market but not with waiting be proactive, and lets buy some foreclosure property's!=) - Sat Jul 26 2008, 14:03

I can locate Research, and Help you acquire foreclosure property's in Detroit. Right now there are over 8,000 foreclosures within the Detroit Area, and I can find something that perfectly meets your needs.

Best Regards,

Stephan - Fri Jul 25 2008, 20:13

If you give a few more details I may buy it from you. - Fri Jul 25 2008, 20:08

your problem if you live in Detroit which you probably already know is that your $30,000 house is probably only salable now for $15,000. Banks in Detroit are very eary of giving loans now unless you have outstanding credit due to the fact threat home values are dropping at a rapid pace nationally and especially in Detroit. If this house is one you hope to keep for sometime, and live in I actually suggest looking at ALL other options before trying to take equity out of your home. It is an great thing not to have a mortgage payment or loan payment to worry about every month, and you don't want to take out a 25K loan on a house that would actually take 6 months to sell for 18K, and then when the real estate market goes lower now u owe more substantially than what your house is worth and you walk away, and its another foreclosure. If you don't c`are about keeping the house long term go to your credit union, if you want better options call someone like me. - Fri Jul 25 2008, 20:05