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Home Buying in Howell : Real Estate Advice

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  • Local Info5
  • Home Buying25
  • Home Selling3
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Activity 26
Thu Jan 26, 2017
Mike asked:
Thu Mar 26, 2015
Joan Fletcher answered:
Hello, not sure if you found a agent to assist you yet or not? Please feel free to contract me, would like to help you. I have been in the real estate business for 25 years here in Livingston.
Joan
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0 votes 2 answers Share Flag
Mon Jul 22, 2013
Karen Paytas answered:
Mike,

As Haig stated check your purchase agreement. If the seller refuses to sign the release they can't sell the property to anyone else unless doing so. Talk to your Realtor and if all else fails you'll need to talk to an attorney.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
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0 votes 2 answers Share Flag
Sat Jun 29, 2013
Bob Witt answered:
If you have the time to wait, there is another house in that neighborhood that is in their redemption period (6 months after sheriff sale). If they are not able to redeem, it will be on the market shortly after that and I will be the listing agent. I would be heppy to put your name and contact on my file to call when it becomes available. I suspect it will be a similar price though it is still occupied and I have not been inside to check the condition.

Bob Witt
Prudential Heritage Real Estate
810-459-4847
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0 votes 6 answers Share Flag
Sat Jun 1, 2013
Robert Campbell answered:
Keep shopping around for other lenders. Work hard to get your score, and if you have cash to put down that helps.
0 votes 11 answers Share Flag
Thu May 9, 2013
Bob Witt answered:
Golden Triangle condos in Howell is not going to be FHA approved. Actually they are converted apartments and were originally called Golden Triangle Apartments. Values have been fairly affordable there but you will also find there are quite a few investor owned units that are used as rentals. I haven't checked lately, but your ratio of owner occupied vs rented is going to be off, and that can cause issues with financing. Majority of units I've sold there recently have sold for cash.

Hope this helps!
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0 votes 5 answers Share Flag
Mon Jan 14, 2013
Haig Istamboulian answered:
Hello,

Only the banks know the answer to that question and each bank is a little different in their approach on how they market their properties. Some banks sell them in bulk, some will fix them up in hopes of getting more money for the property. The banks are releasing them slowly to stabilze the market and it seems to be working because inventory has tightened and values are increasing.

We all hear rumors of how much inventory they have and are holding back, but no one knows the exact extent of how much inventory they are holding. I personally heard some substantial numbers and often wonder where are all of these homes?

When a nice foreclosure hits the market, there usually are multiple offers with many offers going over asking price. One example for me is a foreclosure that was listed at $60,000.00 and we bid $79,000.00 (CASH) and we still lost the offer. So low inventory drives prices up.

Thank you,

HAIG
(248) 379-6547
realtorhaig@aol.com
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0 votes 1 answer Share Flag
Fri Oct 12, 2012
knvprincess143 answered:
What can I expect to happen now?
0 votes 1 answer Share Flag
Sat May 5, 2012
Eric Michael answered:
It's not the mortgage person, it's the investors. you don't have any history of making payments on time (because you never used credit), so they have nothing to go on to know if you'll make payments on time in the future. ... more
0 votes 7 answers Share Flag
Fri May 4, 2012
Stephen Connolly answered:
djeffyv,

I can give you an entire litany of questions, being a builder and Realtor myself. I would first make sure you are working with a Realtor as a buyers agent. This is your buffer between you and potential problems. I can give you additional answers to questions and problems that may arise , if you email me remaxmichigan@yahoo.com . Best Regards, Steve ... more
0 votes 1 answer Share Flag
Thu May 26, 2011
Karen Paytas answered:
Brenda:

Good Morning!! Any property that was foreclosed by MERS is now considered null and void. The Supreme Court found that they had no authority to foreclose on properties here is Michigan. On all of the MERS foreclosed properties the Title Companies are refusing to insure. So yes, any pending sales and possibly some of the previous closed sales are in limbo at this time. The properties have to go through the foreclosure process again including the redemption period so it may be up to a year before the homes come back on the market.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
... more
1 vote 2 answers Share Flag
Tue Nov 16, 2010
Dianne Hicks answered:
I would talk to a lender, Maybe hard money but most lenders would not do it.... Rent to own is just starting to come back a little and I think we are going to start seeing it a little more. some people are under but that far under but need to move. It is an ideal situation if the terms are right for both of you!!! Try to find someone that is willing to do this and make sure you have a Realtor that is familiar with the process or it could turn out bad.

Good Luck!!!

Kindest Regards
Dianne Hicks
HomeSmart Real Estate
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0 votes 5 answers Share Flag
Wed Nov 3, 2010
Desari Jabbar answered:
Of course, everything is negotiable but I'm doubtful the bank will clean out the gutters or allow you to do it. But, its worth a try. Perhaps, your agent can make the case that its a maintenance issue.
As to whether you can clean the gutters yourself...you haven't purchased the property yet so you can't complete any repairs at the property.

Best of luck to you!
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0 votes 3 answers Share Flag
Wed May 19, 2010
Tim Sova answered:
Hi - There is only one home listed on Bonnie Circle in Howell and it is located at 399 Bonnie Cir. This home is bank owned and is in sought after Howell Heights sub. We would be happy to show you this home and/or to work with your specific search criteria in order to find you your next perfect home. Are you currently working with a Realtor to assist you?
Please call us at 810-844-2316 and visit our useful website for all your searching at www.TimSova.com
Thanks and hope this answer clears things up for you.

P.S. you can view this specific home at the web address below.
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0 votes 2 answers Share Flag
Wed May 12, 2010
David Wagner answered:
This 2246 square foot ranch went to Sheriff's sale about a year ago and appears to be in possession of the lender. I has not been listed for sale in the MLS at this time. If you are looking for a distressed property in Oceola Township or the greater Howell area please let me know. I will keep you current as new properties are available. ... more
0 votes 1 answer Share Flag
Wed Nov 18, 2009
Kathryn Wutz answered:
Gelnna-

I would reccomend what is called a rural development loan. I do know of a great mortgage company that I have had other clients use: Michigan United Mortgage (MUM). If you need more information regarding them i would be more than happy to help you out with that or any other real estate needs. ... more
0 votes 8 answers Share Flag
Fri Jun 12, 2009
Derek Bauer answered:
Yes, Rsray, there are select lenders and you want to be sure you align yourself with a lender that has a track record of closing MSHDA transactions.

I happen to work closely with someone who does, so if you are in need of a buyers agent and a loan officer, please let me know.

Thanks, and enjoy your weekend.


Derek Bauer, Associate Broker
Real Estate One
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