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Lake Orion : Real Estate Advice

  • All35
  • Local Info1
  • Home Buying12
  • Home Selling7
  • Market Conditions1

Activity 41
Sat Jun 25, 2016
Jeffrey Kemble asked:
I've rented my home for the past 7 years, but now my owner would like to sell the home by the end of 2016. Looking for an investor to buy the home and lease home back to me.
0 votes 0 Answers Share Flag
Mon Mar 28, 2016
Paul answered:
Use to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/appraisal, legal), mortgage financing- interest rate, term, points, pre approval requirements, RE Taxes, HO Insurance, utilities/maintenance/condo fees, selling costs (broker commission, capital gains tax, state transfer taxes). is educational, in-depth, easy-to-understand. Invaluable especially for serious first-time homebuyers. ... more
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Thu Sep 24, 2015
Dan Tabit answered:
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 current owner may have defrauded you into believing that you could purchase, but you'll need an attorney to review your documents and see what may be possible. I realize that means spending more money to pursue what you may have already lost, but it's truly the only option. If your total loss was within the jurisdictional limits of small claims court, you could file there and see what a judge says, but this will take a lot of time.
Find another place to rent, fix your credit or whatever is keeping your from qualifying to buy and do it right next time. I'm very sorry for your situation.
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0 votes 2 answers Share Flag
Fri Jun 26, 2015
Christopher Pagli answered:
Trulia is an agent only platform at this time. All listings must be through a broker.

0 votes 1 answer Share Flag
Sun May 31, 2015
Alan May answered:
Those rules are typically make-up by your local multiple listing service.

In our MLS, a bedroom has to have it's own entrance... (in other words, it can't be entered through another bedroom)... ... more
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Thu May 21, 2015
Caleb Hart answered:
The first thing I would do is talk to a real estate agent. Find one in your area that has experience in your local market. He or she would be able to tell you what kind of things increase the value of your home. Try calling some fencers as well and asking for their opinion. ... more
0 votes 5 answers Share Flag
Sun Jan 18, 2015
USMortgageRanger answered:
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 past 30 days for W-2 employee and your past two years of tax return for self-employed along with last two years w-2, 30 days of bank statement all pages identifying your closing cost and down payment along with any reserve funds (can be retirement IRA or 401K) if any. A copy of your drivers license or other federal ID along with a copy of your social security card. As an FDIC bank we have the ability to lend nationwide. As your lender of choice we are here to help you make the best decision for your family based on sound responsible, knowledgeable financial guidance.

During the approval process, we will do a down payment and closing cost analysis where we tell you exactly how much down payment you will need and exactly how much money you will need to have in closing cost, And if you need help with either we can point you in the right direction to get assistance.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
I look forward to working with you to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
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0 votes 1 answer Share Flag
Fri Oct 24, 2014
Jen Williams answered:
There is a dog park here in Lake Orion close to Lake Sixteen off of Joslyn and Clarkston Rd!
0 votes 1 answer Share Flag
Mon Aug 4, 2014
Linda Lorenzo answered:
If you are not satisfied with your agent and she is not contacting you, you need to speak to her broker about your issues they are the ones that have the final say on whether you can cancel or not. My company does a seller guarantee that states if you are not happy with our services, you can cancel. I am sorry you had a bad experience but as Annette says there are mostly great agents out there. Good luck to you. ... more
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Wed Jun 4, 2014
Bill Eckler answered:
Very simply, the value of real estate is based on desirability. The greater the desire for others to own property in this location, the more buyers are willing to pay for the benefit of living in that location.

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0 votes 7 answers Share Flag
Sat May 24, 2014
Derek Tunison answered:
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 answer any questions you have.

If you are interested in getting pre-approved by taking a brief 20 minutes application give me a call, I am available all day.

Good Luck!

Derek Tunison
Sr. Loan Specialist
First Mortgage Corporation
41950 Hayes Rd
Clinton Twp, MI 48038
NMLS 162605
Cell: 586-306-8994
... more
0 votes 1 answer Share Flag
Fri Apr 11, 2014
Peggy O'Dwyer answered:
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. Rental units are very highly priced right now due to the demand generated when so many people lost their homes during the last 6 or so years when the economy tanked.
Once your divorce is final you can take all the important docs to a reputable mortgage company and find out what you will be able to afford as a mortgage. The docs will back you up as to what income to expect. Having pre approval for your mortgage is key in finding and procuring the right home.
... more
0 votes 4 answers Share Flag
Tue Mar 11, 2014
Robert Hanson answered:
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 loan with a local or state govt. grant to cover the down payment and/or closing cost requirements

I have a loan officer working for me that specializes in USDA loans and I could put you in touch with him if you wish. As far as the local grants, a realtor is your best bet for being on top of these programs. I could also give you a list of realtors that we have done business with in the past in your area if you wish.

I am available to help you at your convenience if you wish.

I also offer credit score improvement programs for free while we work on your mortgage.

If you like my answer above, consider clicking on a “Thumbs Up” or “Best Answer”


Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist

Direct: 240-752-7549 Cell: 301-651-7822
NMLS# 695929

Rate quote or live chat with me at the link below:
... more
0 votes 4 answers Share Flag
Wed Dec 25, 2013 answered:
I too am looking to purchase a home on land contract and wanted to find out where to start.
0 votes 1 answer Share Flag
Sat Sep 28, 2013
Brandon French answered:
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 you have a property in mind you can call an agent with the address and he or she can let you know if it is for sale or not. Feel free to contact me for any question you may have.
Good luck!
... more
0 votes 9 answers Share Flag
Wed Jul 24, 2013
bennett.angela1984 answered:
Lake Orion Schools are some of the highest-quality schools in the state. A very large reason why we chose Lake Orion. Graduation rate I believe is somewhere in the 98% range. Check out the district website:‎

We love this area!!! Great family community with LOTS to do!
... more
0 votes 2 answers Share Flag
Sat Feb 9, 2013
Scott Godzyk answered:
WHat do you need help with, if you are the owner you need to contact your listing agent to fix it. If you are not the woner you still could contact the listing agent and tell them it is wrong and give them your supporting proof like a tax card.. Trulia can not make changes , it is only a place to advertise listings ... more
0 votes 1 answer Share Flag
Tue Nov 6, 2012
Chris Riebe answered:
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, CA there are not enough homes for sale to meet demand. As you would expect low-supply/high-demand is forcing prices higher. It's currently the standard for multiple offers to come in on homes priced below $700,000 here.

Other factors that traditionally come into play such as mortgage rates, seasonality, jobs, etc. are hard to take into account right now because supply is such a dominating issue. Once owners start selling and inventory levels rise it will be interesting to see what happens to prices and how those other factors will influence the market.

Now is a great time to sell!
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0 votes 7 answers Share Flag
Fri Aug 24, 2012
Michael Parks answered:
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 reality there's no way I would drop a client over a commission reduction in those circumstances. I completely understand how she would be very upset after she's put in so much hard work to not only sell the house but to also negotiate the short sale with the bank. I negotiate short sales all day long and it's extremely time-intensive and very stressful. However, it's not your fault that the bank reduced the commission, so leaving you without representation is not a very classy move on the Realtors part.

At the end of the day real estate is a very tough profession to be in; there's a lot of work and often times very little compensation. Although if you take good care of your clients you will be rewarded many times over with referrals & repeat business. I'm sure you'll find another local agent that would be willing to jump in and basically take a free ride at the reduced commission. Since all the work is basically done, it's not a bad deal for the next agent. Good luck on that one. BTW: what bank or banks are you working with on this short sale?

Michael Parks
Broker (CDPE, CSP)
... more
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