48362 : Real Estate Advice

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Paul, Both Buyer and Seller in 11968
Paul answered:
I am a single mother of three. I currently live in an apt in Lake Orion. One child moved home to finish college and the other two attend LOHS
Use InBedrock.com to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/ap ... more
0 votes Share Flag Mon Mar 28, 2016 For Rent in 48362
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
Purchasing w/option to buy and lease states $200 of $900 payment will go towards purchase house gets foreclosed on does renter have any recourse? Mich
I'm sorry. This is just one of the many reasons I discourage people from pursuing these schemes. You are a renter and only a renter until you complete the purchase. The curren ... more
0 votes Share Flag Thu Sep 24, 2015 Rentals in 48362
USMortgageRa…, Real Estate Pro in Plano, TX
USMortgageRanger answered:
What kind of documents do you need for income proof? Banking statements?
Hi Rebecca,

Congratulations on your decision to purchase a home. The initial documents that are required in order to be approved by a Lender are: Your most recent pay-stub for the pa ... more
0 votes Share Flag Sun Jan 18, 2015 Home Buying in 48362
Derek Tunison, Other/Just Looking in Clinton Township, MI
Derek Tunison answered:
Can we still qualify as first time home buyers on our new house, if we recently sold an inherited property that we never lived in?
I would like to know a little more about your situation. I am a mortgage specialist in Macomb County. I would be more that happy to help you get pre-approved for a new mortgage, and an ... more
0 votes Share Flag Sat May 24, 2014 Home Buying in 48362
Peggy O'Dwyer, Real Estate Pro in Oxford, MI
Peggy O'Dwyer answered:
Single mom, needs decent home in Lake Orion for kids to stay in LO schools.
You will probably need to rent an apartment until the divorce is final. Single family homes in the Lake Orion school district are far and few between for less than $1,000.00 per month. ... more
0 votes Share Flag Fri Apr 11, 2014 For Rent in 48362
Robert Hanson, Real Estate Pro in Olney, MD
Robert Hanson answered:
Approval financing
Hi Ruth,

Assuming that you are not a veteran, you likely have two main options:

1) USDA loan and property which limits your choices possibly, but requires no down payment
2) FHA ... more
0 votes Share Flag Tue Mar 11, 2014 Home Buying in 48362
Brandon Fren…, Real Estate Pro in Clarkston, MI
Brandon French answered:
it a house still for sale even though there is no for sale sign or realtor name on the real estate sign?
The property may still be for sale. We as agents are selling homes so fast in this market that some agents (not myself) are not even putting signs up before the home sells. If y ... more
0 votes Share Flag Sat Sep 28, 2013 Curb Appeal in 48362
Chris Riebe, Real Estate Pro in Irvine, CA
Chris Riebe answered:
Are home prices going up or down?
Great question because it exposes what a complex market we are in. Like others have said, so much depends on where you live.

In general, prices are rising. Here in Orange County, C ... more
0 votes Share Flag Tue Nov 6, 2012 Home Buying in 48362
Michael Parks, Real Estate Pro in Las Vegas, NV
Michael Parks answered:
We recently had a offer that was approved short sale by our lender. The advised the realtor she need to cut
That's a very significant commission cut. I've never seen anything that sever before. I would have personally tried to re-submit to the bank or re-negotiate with them. However, in re ... more
0 votes Share Flag Fri Aug 24, 2012 Home Selling in 48362
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
First time home owner deductions on inherited property.
Colony Bill,

I don't understand how you can inherit a mortgage. If your name is not on the mortgage you are not liable for it. You would have to talk to an attorney to find out the ... more
0 votes Share Flag Mon Aug 6, 2012 Home Buying in 48362
William Hadl…, Home Owner in 48362
William Hadley asked:
First time home owner deductions on inherited property. I have been living in a house that was in my mothers name for the last 9 years, upon her passing I inherited the property and it's outstanding mortgage. The mortgage company has said…
0 votes Share Flag Mon Aug 6, 2012 Home Buying in 48362
Bob McClure, Real Estate Pro in Walled Lake, MI
Bob McClure answered:
Our house was recently sold in a sheriffs sale, we have had no notices letting us know when we need to be out. Where do I go to get this information?
good afternoon..the information you asked about is available at 1200 n. telegraph rd. in pontiac at the oakland county reigister of deeds (first floor)...during normal business hours..t ... more
0 votes Share Flag Thu May 20, 2010 Foreclosure in 48362
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
can you get the first time home buyer tax credit if you inherited a house?
Sadly, it appears that the tax credit is coming back. This time it appears to apply to those who owned a house for 5 years or longer for $6,500. The bill should be signed within a week. ... more
0 votes Share Flag Thu Nov 5, 2009 Home Buying in 48362
Rulferts, Home Buyer in 48362
Rulferts answered:
Accepted counter offer from bank, but another buyer was countered as well. Am I only competing with them?
I will have to double check with my Realtor. I understood that the bank made a written offer that we accepted. They just didn't aknowledge that they recieved it because they made ... more
0 votes Share Flag Sun Aug 30, 2009 Home Buying in 48362
Maria Morton, Real Estate Pro in Kansas City, MO
Maria Morton answered:
Due to a bankruptcy I cannot buy until January 2009 (first time buyer, single mother of 3). Will there be?
it's good that you are thinking ahead. As has been mentioned, passing the required time limit is just the first step. Since you know what you want, putting a plan of action in ... more
0 votes Share Flag Fri Aug 8, 2008 Home Buying in 48362
Susie Moceri,  in 48306
Susie Moceri answered:
Does a Realtors Sign in the front yard really make a difference.?
I work fin Oakland Township sell Luxury New Construction Homes and out of the 50 people that visit our model home weekly, 85% of them are finding us from signage. It is just anoth ... more
0 votes Share Flag Thu Mar 13, 2008 Curb Appeal in 48362
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