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Home Buying in 48221 : Real Estate Advice

  • All41
  • Local Info1
  • Home Buying26
  • Home Selling1
  • Market Conditions2

Activity 24
Sat Dec 30, 2017
Frank S. answered:
Yes you may consider FHA 3.5% down from a minimum 580 fico score. Lower scores between 500-579 may consider 10% down FHA.

If your scores are up to minimum 620 fico score you may consider 3% down conventional. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase.

Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. Check out the web reference link below...
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0 votes 6 answers Share Flag
Wed Feb 22, 2017
answered:
Hello, I'm a mortgage professional.

There are two types of 203k loans.
If you are spending less than $35,000 on renovations you generally will not need an FHA inspector at all. If you spend over $35,000 an FHA inspector is required.

A home inspection is not required to get a mortgage however it is something that is generally recommended.

If the home has a well and a septic system FHA may require an inspection on those.

I can lend nationwide and I'm available almost 24/7.

If you have any other questions or need help with this you are welcome to contact me.
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Thu Oct 13, 2016
Wes answered:
Naca.com. You can buy anywhere.
Buy Detroit. Fitzgerald Community. Right by 2 colleges
0 votes 1 answer Share Flag
Tue May 24, 2016
Aaron B. Lewis answered:
Yes. Contact me


Aaron B. Lewis
Associate Broker/Investor
VIE Realty Group, LLC
313-405-7337
aaronb@vierealtygroup.com
0 votes 2 answers Share Flag
Tue May 24, 2016
Aaron B. Lewis answered:
Contact me for price on this and other properties.

Aaron B. Lewis
Associate Broker/Investor
VIE Realty Group, LLC
313-405-7337
aaronb@vierealtygroup.com
0 votes 1 answer Share Flag
Tue May 24, 2016
Aaron B. Lewis answered:
Did any ever get you a price for the home on Woodingham?

Aaron B. Lewis
Associate Broker/Investor
VIE Realty Group, LLC
313-405-7337
aaronb@vierealtygroup.com
0 votes 1 answer Share Flag
Sat Jul 4, 2015
Erica Blackwell answered:
This property was acquired by a non-profit corporation in April of this year.
0 votes 1 answer Share Flag
Mon Apr 6, 2015
Gwendolyn West-Gonzalez answered:
Good morning Rachel -

Although this home is not available on lease with option to buy terms, there are many homes available for lease with option to buy or land contract. Please visit my website at http://gwest.yourkwagent.com and email me at gwest@kw.com I would love to assist you find that perfect home for your family. ... more
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Mon Apr 6, 2015
Gwendolyn West-Gonzalez answered:
Good morning -

I work with a lender that have several different programs that have different requirements including bankruptcies, defaults and judgments that is less than 2 years. If you have at least $5000 cash a land contract would be a great option for reaching your goal in becoming a home owner. Please contact me via my email address at gwest@kw.com or at http://gwest.yourkwagent.com. I would love to provide you with the lender I work with who has helped others get bank approval and I would love to help you find that perfect home for your family. I believe all things are possible and I think you are a great candidate to buy a home. I look forward to hearing from you soon. ... more
0 votes 3 answers Share Flag
Sat Sep 6, 2014
Gene Carlson answered:
You must have the home inspected by the city to get the C of O and they will require you to make repairs so the property is up to standards and habitable. I think it is $350. Its really just a way for the city to make extra money. You get a year to comply. The city is not very diligent about this and if you don't do it they probably would never know.

Regarding the Deed, the QCD is a Quit Claim Deed and this is a deed that says the seller is transfering only his interest in the property to you, but he is not giving you any warranty again claims from other people who may have a lien on the property. This property probably was purchased at the Wayne county Tax auction, if so Wayne county only issues a QCD, its generally ok to accept a QCD, but if you want to finance the property the bank will require a warranty deed and title insurance. The cost to get a title title commitment is $600 and it takes about a month, First American Title in Detroit will do this, but this does not include the cost of title insurance which is based on the cost the property, it will cost several hundred more at a closing if you sell with a Warranty deed. You really don't need a warranty deed if you are not financing. You can hire an attorney to do this too and will do a title search and contact any lein holders such as a bank who still may have a recorded lein on the property but they have lost their right to any claim, however all lien's are recorded with the city and when a lien's is satisfied another lien release if filed, this probably was not done on your property so it has a blemish on the title, an attorney get the release also and its called getting a blemish off the title but they charge about $1500 to accomplish the same thing.
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Thu Jun 19, 2014
Nesahn Robinson answered:
I would love to assist you with finding your next Home. Just give me a call and Remember"Your Next Home is Within Reach".


1313 778-4014 Mr. Robinson
0 votes 6 answers Share Flag
Wed Feb 5, 2014
Gwendolyn West-Gonzalez answered:
Hello Rachel -

Although you may not be able to get financial assistance from a bank, it is not impossible to own your own home. If you have at least $5000 cash you can buy a home on land contract. I would love to help you, please contact me via email at gwest@kw.com and visit my website to view homes available on land contract at http://gwest.yourkwagent.com. I can't wait to hear from you. ... more
0 votes 5 answers Share Flag
Sun Dec 15, 2013
Betty Waweru answered:
Do a look up on the zip codes 48221 (university district) starts from mcnicols, livernois and ends around 8 mile I think. Look up North Rosedale park it is in 48223/48219 zip code. Look up the map and it will tell you the boundaries. Try Google Maps. Sherwood park is above the University District and the Golf Course. Look for it on Google maps. I am an investor and have in all three areas. Very ideal for investments purposes. You can get great returns there. One person posted it could take upto 6-18 months. That is a total waste of time. Go to Auction.com where you can buy them at steep discounts. Be careful though because they may be torn up. Also try hubzu.com another auction site. Look up by area code then go to the map. Make sure it is in the areas of choice. You may also wish to try the tax sale that is done once a year. You will get deep discounts. This is for people who have failed to pay their taxes so the county forecloses on the properties and auctions them off. You have to wait though as the time for the auction just past. That is the best place and where everyone buys and subsequently flips them for 10 times the amount without lifting a finger.

If you wish to reach me, please email me at bettywaweru@hotmail.com. I can tell you lots from an investor perspective. Infact you really may wish to reach me before hand so I can give you great nuances about there area.

Best of luck
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0 votes 10 answers Share Flag
Tue Jun 18, 2013
frommetou4 answered:
Thank you Charlene I will call. To Bob we have $10,000 down and looking for no more than $1,500. month. Thank you
0 votes 3 answers Share Flag
Tue Apr 16, 2013
Sandra Reed-gibson answered:
Landcontractdetroit@gmail.com has the solution you are looking for, call and ask for Sandra Reed-Gibson, today 313-971-3371 We have buyers looking to invest in the 48221 zip code
0 votes 11 answers Share Flag
Tue Apr 16, 2013
Sandra Reed-gibson answered:
Email LANDCONTRACTDETROIT@GMAIL.COM
They have the answer to Land Contracts in Detroit. It's only 10% down and they will help you. Call Sandra Reed-Gibson for assistance at 313.971.3371 ... more
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Thu May 10, 2012
Joe Bertera answered:
It would depend on how your purchase agreement was written up. You should consult your Realtor.
0 votes 4 answers Share Flag
Mon Feb 14, 2011
Karen Paytas answered:
Thu Jan 6, 2011
Sally Grenier answered:
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