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Foreclosure in 48228 : Real Estate Advice

  • All23
  • Local Info4
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 3
Wed Apr 7, 2010
Kevin McCoy answered:
I'm a landlord and a realtor...It's all about what is written in the "lease". If you're on a month to month lease then it could be less than 30 days notice...if the new owners want you to move out. Maybe you can work something out with the new owners for a long term lease with them (6 months to a year or more). This would be a good time to ask your current lanlord if that's a possibility. ... more
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Tue Dec 30, 2008
The Hagley Group answered: a real estate pro and a mortgage loan officer you should know that the renter will get no where by contacting the owner's lender directly unless he gets an authorization to convey information from the seller, which I seriously doubt. (If you assistant answered this one, I apologize....but they should know how to correctly respond!) ... more
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Sat Oct 27, 2007
Hayward Little, Jr answered:
Hi Watts,

If you do things right - document where money comes from, where money goes, how much you save, you will be in good shape. The things that always exist that you should be aware of is your debt-to-income ratio, credit score, and income & reserves. Many of the 100% financing programs have gone away, so be prepared to pay a downpayment. If these funds are coming from another source (parents, friends, etc.), make sure your loan officer knows now, and not as things get closer to closing.

Before submitting any offers, have a realtor do a CMA for the property so you understand where the values are in the area. I stress planning and education with my buyers. Once you understand what you have to do, then you can execute a plan to make it happen.

It's a great time to buy!
... more
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