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Algonac : Real Estate Advice

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  • Home Buying2
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Activity 5
Thu Dec 1, 2016
Emerral asked:
Sun Apr 7, 2013
Karen Paytas answered:
It was a short sale. The listing is no longer active. If the homeowner doesn't redeem the property by he 24th of this month it will go back to the bank. If you're interested in finding a home in the area I would be happy to assist you.

Good Luck,

Karen Paytas, GRI, CMS
Real Living Kee Realty
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Fri Dec 14, 2012
Ron Thomas answered:
This is not going to be part of the Public Record:
The earliest that anyone would know, if when a NOD, (Notice of Delinquency) was filed; which is the first step in the Foreclosure process.
There are probably 2-3 times as many homeowners who are "underwater" and need help.
Ask a Realtor how many Shortsales and REO's are LISTED, and you could estimate that the total number of "distressed" families is 3-4 times those listings.
This should be good enough for your purposes. Especially since those numbers are constantly changing.
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Wed Oct 3, 2012
Eric Michael answered:
I would contact a real estate attorney. Then a CPA and your bankruptcy lawyer to find out what, if anything, you're going to be liable for.
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Sun Apr 29, 2012
Wally answered:
Depends on the condition of the house AND how long its been on the market. Our foreclosure we bought had been on the market 9 months and only one other offer (that buyer didn't realize it was "as-is"). It was for sale for $99,900. We started at $65,900. Got it for $77,500.
If you have a great buyers agent and really knows distressed properties you can do well. Of course I had a handyman business and knew what we were getting into and buying. But it was not a wreck by any means. We just dealt with a bank that wanted to get it off their hands.
Start low and work upwards.
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