Are you open to different cities in Metro Detroit for an investment home or just in the Saginaw area? Saginaw is NOT in the Metro Detroit area, its actually about 1-1/2 hours north of Detroit. The area I was thinking is anywhere from 30 - 45 minutes north of Detroit.
I have two houses in mind that were just completed that should work pretty well for you. My contact information is listed below, feel free to contact me if you like.
Responsiveness!!! You want an agent who returns your calls quickly, is available when you need to speak to him/her, gives you feedback on the showings on the house that you are selling or has all pertinent information on a house that you are looking at buying. And when he/she does not have the answers for you, goes out and gets the answers from someone else who knows.
Kathy Persha, Associate Broker
Keller WIlliams Realty... more
You can contact a local realtor in that area and they can set you up with a search. Land Contracts are rare though. The seller would have to have the home paid off in order to do a land contract. Is there a reason you want a land contract over a regular purchase, it is usually much more expensive to do a land contact.
If you haven't already I would first speak with a mortgage lender to see if/what you qualify for and if not, find out if there is anything you can do to improve your score to be eligible.
Real Estate One
$10,000,000 Sold in 2012
6960 Orchard Lake #150 West Bloomfield, MI 48322 | 248-419-3160 | 248-419-0930 fax
2012 Hour Magazine Real Estate ALL STAR - Presidents Council of Excellence
That sounds very sad. Sorry that is happening.
This is my personal opinion only, not legal advice. I can not and do not give legal advice so you should seek legal counsel only from a licensed attorney in your state.
Perhaps the dying seller could provide power of attorney to someone else? Hopefully they are making the necessary provisions and arrangements that most do as life nears an end. Our contracts specifically address that the obligation to sell binds to the estate, heirs, etc. and thus there still may be an obligation to sell.
If you have an agent, have them address your concern with the listing agent. If you are working directly with the listing agent, discuss this with them.... more
There is no "rule" or specific percentage to offer below listing price. It's largely dependent on the true market value of the home.
For example: A home whose market value is $100,000 might be listed for $90,000. A full price offer might be called for.
The same home listed for $200,000, clearly overpriced... a 20% offer below listing price, and you'd still be overpaying by a lot.
It's better to determine what the real value is, and nobody better to do that for you, than a local Realtor.... more
After 3 years you may qualify for a mortgage since your bankruptcy should be discharged.. Contact a local lender and ask to be preapproved for a mortgage. They can tell you your score and what options may be available to you. If not yet qualified, they can usually help you do what needs to be done to get your score up and perhaps reapply in a few months.... more
I am not sure where you are finding the email addy you are using. I am sure they are either dead or your email is not going through or they would return the contact attempt. Try calling if you see a number. We sometimes are harder to find but most all of us carry cell phones, smart phones and are eager to return your call. Try the Find A Pro feature here to find a Realtor in your area, it doesn't have to be the one listed next to the homes you see.... more
Good morning Nichole,
We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.
It is unlikely you could be approved for mortgage financing with that credit score at this time.
Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.
Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://consumer-action.org/
Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.
The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.
NMLS #40140... more
How could you have been pre approved for a FHA mortgage and now these issues come up? Call the mortgage broker's boss. Ask them what is going on. Your pre approval is not worth the paper it is written on but they still owe you an explanation.... more
There may be, you still would have to show teh ability to pay a mortgage, to start you should meet with a local and trusted loan ifficer who can prequailify you and see if there are any grants or such for your situation. Good luck working things out... more