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Home Buying in 49548 : Real Estate Advice

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  • Local Info0
  • Home Buying8
  • Home Selling1
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Activity 7
Tue Nov 8, 2016
Maricris A answered:

At this time, unfortunately, we currently do not have listings for rent to own homes. You may try your luck though and search our website using the Keyword section of the search filter which can be found in the All Filters button. However, these listings are extremely rare.


Consumer Care Advocate
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Wed Oct 28, 2015
Bishopgoodluck01 answered:

Thanks for your response,

I Bishop Leo Morgan willing to lend out loans with the interest rate of 3% and within the amount of $3,000 to $8,000,000 as the loan offer, We offer loan at low interest rate and with no credit check, we offer Personal loan's, debt consolidation loan's, venture capital,business loan's, education loan's, home loans or "loan's for any reason!However, Our method offer's you the chance to state the amount of loan needed and also the duration you can afford, We are certified and registered, so you have nothing to be afraid off, If you are ready in applying for a loan.

Our loans are well insured for maximum security and this is our major priority. Are you losing sleep at nights worrying how to get a Legit Loan offer? Are you biting your fingernails to the quick?Instead of beating yourself up, we are loan specialists who help stop Bad
Credit History.

If you are Interested, you have to fill out the Loan Application Form below, Immediately you fill out the Loan Application form, you are to send it back to us, so that your loan can be processed here without any further delay once the information's gets to our office.

(1) First name:......
(2) Last name:.......
(3) Prefix (Mr., Mrs., Ms., Dr., etc.):....
(4) Purpose of loan:.....
(5) Date of birth (yyyy-mm-dd):.....
(6) Next Of Kin:.....
(7) Country:.....
(8) City:......
(9) State/Province:.....
(10) Work address:.....
(11) Phone:.....
(12) Fax:.....
(13) Monthly Income......
(14) Amount Needed As The Loan:.....
(15) Duration:....

I hope to hear from you

Kind Regards,
Bishop Leo Morgan
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Tue Jan 28, 2014
Jeff Kremers answered:
There are definitely a list of homes that have land contact terms. Happy to help you!! Call me anytime at 616-217-7902
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Mon Jul 30, 2012
Brek Schutten answered:
There is not enough information here to give you a definite answer. Your lender should be able to tell you if this will be an issue. Your lender should have given you a preapproval based on the information you gave him/her, and therefore if the situation has not changed, you should not have much of an issue with underwriting, but I guess I don't know your full situation. ... more
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Tue May 29, 2012
Elvin Carroll answered:
When a property is quit -claimed to someone, the rights to it are deeded away. If the person who quit-claimed it away remains on the loan, they are still liable for the debt. Also the property will remain as collateral for any outstanding loans. However, if you assume the loan with the bank's or lending institution's ok, then your father will not be liable for the loan. You, however, will be liable for the debt and loan payments. The debt will be added to your liabilities, and the loan payments will be added to your expenses. This will affect your debt-to-income ratio which could affect your ability to qualify for any other loans--including an FHA loan -- depending on your cash flow after the assumption of the loan. Give me a call and i can further explain this. I also can put you in touch with a few mortgage providers who can answer this type of question in more detail. ... more
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Wed Dec 7, 2011
Michelle Gordon answered:
Good morning,

This is a very popular question. As you can see we all say you can fight it and ask for a reduction. However they will not use your sales price as an evaluation - as this is called shopping and they will not shop your SEV. I do want you to think of something - if this home is a starter home and you plan to move with in the next 5 years - what do you want your SEV to show? Many buyers will look at the SEV to give them "value". We as agents will show comps ( recent sales) which is the best way, but as much as I do this I still have buyers bringing me the SEV. I have had many sellers sorry they reduced as it i did not make that much difference in what they were paying annually and then had a hard time selling for the price they wanted because of the SEV, so be careful for what you ask for.
Your zip code shows 49548 which would suggest Wyoming area. Here is a paste and copy form their website:

Review of Sales

Annually, our appraisers review all Sales in a "study year" that spans from April 1st of one year through March 31st of the following year. Sales are divided into various categories:

Good Sales

Good Sales are considered sales that reflect usual "arms length transactions" and reflect "market value".

Bad Sales

Bad Sales are considered sales that do not reflect usual "arms length transactions" and do not reflect "market value".

Once the "good sales" have been established they are grouped and used to review the various neighborhoods and their relationship to our assessments.

We have many (70+) Economic Areas or neighborhoods to allow the appraisers to focus on smaller segments of the 25,000+ properties in the City of Wyoming. These smaller Economic Areas generally reflect uniform property type groupings. Many of these areas have been created around certain historical years of development, plats, physical geography, school districts, use types or a consideration of all of these elements and other similar items. These EA's allow the appraisers to review the assessment level in each area and decide if that area needs immediate reappraisal work.

Occasionally the number of "good sales" available for any one EA is insufficient for analysis. When this occurs the appraiser may blend in the sales from a nearby EA of similar type properties, thereby creating a statistically significant sample for a study.

Periodically, reappraisals of existing neighborhoods are done to maintain uniformity of assessments at 50% of value. Appraisals are completed using a computerized 'Cost Approach' to value. The values provided by this approach embody the market level of each neighborhood, as measured by its Economic Condition Factor (ECF). The ECF is calculated from good sales in the neighborhood being appraised. When a property's assessment is appealed we review our appraisals with the 'Market Approach' to value. This approach involves direct comparison of the property under review to several of the most similar properties which have sold recently. Whatever approach is used, half of the resulting appraised value is used for the assessment. The amount of the taxable value (which can never exceed the assessed value) will be dependent on the Consumers Price Index (CPI) since the last sale of a property.
Good luck in your decision.
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Mon Mar 14, 2011
Erin Fester answered:
It sounds like you need to find an agent that has experience writing both lease contracts and purchase contracts in the Kentwood area. While any agent can help, call a few agents and ask about their experience in Kentwood and their experience in both rentals and sales.There are unique factors in both contracts and you want to ensure both contracts can stand alone and be protective of your interests. ... more
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