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48042 : Real Estate Advice

  • All23
  • Local Info1
  • Home Buying15
  • Home Selling3
  • Market Conditions0

Activity 21
Tue Aug 9, 2016
Angelica P answered:

To post your home for sale by owner on Trulia, click the link below and select Submit listings for sale.

You will be redirected to our partner site, Zillow. Once you activate your listing on Zillow, it will appear on Trulia within 24 hours.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

Thank you for using Trulia!

Consumer Care Advocate
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0 votes 1 answer Share Flag
Fri Jul 15, 2016
Joyce L answered:
Selling via a regular FSBO will cause you a lot of headache! Be warned that by going that route you're going to receive dozens of Realtor calls a day. Those Realtors won't be calling because they have a buyer however. They will usually be junior agents looking to solicit you as a new listing client.

Moreover, your listing will be avoided by the three quarters of buyers who are represented by agents. The only way to get around this is via an agent managed FSBO where a local full service brokerage takes on your listing but discretely charges you [often much less] than full commission.

I've included a good article (link below) comparing the pro's and con's of selling by yourself versus an agent managed FSBO.
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0 votes 3 answers Share Flag
Thu May 26, 2016
MCM_STL answered:
You're ignoring a lot of things here:

The savings in taxes from the mortgage interest deduction.

The future value of the home.

The difference between locking in a set housing payment for the next 30 years vs. dealing with rising rents. This is going to make a big difference over a multiple decade period. Go take a look for yourself:

The fact that you'll nearly always pay more per month to rent the same dwelling than if you're paying a mortgage.

The societal benefits of neighborhood safety and stability that comes from occupants having a vested interest in maintaining their homes and looking out for each other. You don't get those things in neighborhoods that have high renter-occupant rates.
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1 vote 1 answer Share Flag
Fri Feb 19, 2016
Nana682 answered:
0 votes 4 answers Share Flag
Fri Feb 19, 2016
Nana682 answered:
1st time buyer with wife and baby due in may
0 votes 5 answers Share Flag
Thu Jun 11, 2015
Christine Kilpatrick answered:
In Michigan, we can do a split title...both buyer and seller can choose their own title company. Now with many bank owned and HUD properties, the bank/government has taken this choice away and are demanding the buyer must use their title company. ... more
0 votes 14 answers Share Flag
Fri Nov 21, 2014
Brian Jones answered:
Hi Nanda,

I work with a couple lenders who may be able to help you, you would to put down at least 20%, please call me and I can pass on their information.

Brian Jones
Keller Williams Realty
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0 votes 5 answers Share Flag
Fri Nov 21, 2014
Brian Jones answered:
Ken, Its possible it is showing the last sale from when you purchased the property, if you send the address, I can take a look.

Brian Jones
Keller Williams Realty
0 votes 1 answer Share Flag
Thu Apr 24, 2014
Derek Tunison answered:

If you are interested in receiving a no obligation quote on a rate for your home purchase, feel free to contact me.

Derek Tunison
Senior Loan Officer
First Mortgage Corporation
NMLS: 162605
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Sat Apr 30, 2011
Katie answered:
Be very careful to ask the right questions during your interview. Some realtors require that you pay a "compliance fee" as well as ask you to stand good for their part of the commission should the seller decide not to pay it. CHECK BEFORE YOU COMMIT! ... more
0 votes 7 answers Share Flag
Fri Jul 30, 2010
Michael Warren answered:
Hi Michelle

Yes the homeowner can retain their home by paying the amount owned to the purchaser of the Sheriff Deed.
The initlal amount owed is established at the Sheriff Sale, plus any interest, attorney costs, fees etc, that have accumulated since the Sheriff sale date. The amount owed must be paid in full with certified funds before the end of the redemption period which is 6 months (12 months if property is over 3 acres in size) from the Sheriff Sale date, unless the house is determined to be abandon then the redemption period may be 30 days. To redeem, the owner would need to contact the purchaser of the Sheriff Deed or their attorney to get the amount owed and any other requirements. The owner should get a copy of the recorded Sheriff Deed to confirm the amount owed. The owner should consult with an attorney to insure everything is done properly.

Mike Warren, CDPE,SFR
Keller Williams Realty
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0 votes 6 answers Share Flag
Wed Jun 2, 2010
Nanda asked:
Just 2 weeks in the US., Still waiting for my SS Number. No driving licence yet. Have bank account.
0 votes 0 Answers Share Flag
Thu May 20, 2010
Anna M Brocco answered:
Not knowing your finances--Visit with any qualified loan officer(s) first, see exactly what your budget can handle and determine a downpayment based on the loan that best suits your needs. Your loan officer can best answer all your questions as they relate to you and your specific situation. ... more
0 votes 1 answer Share Flag
Thu Apr 29, 2010
Jennifer asked:
Sun Nov 1, 2009
Nash Khraishi answered:
Hello Ivory,

The POA is normally a form that is burnished by a Title Company or an Owner Lawyer. Buyer and Buyer's agent should verify that the POA is actually genuine. Other documents are usually checked by all parties including Title Company at the time of closing.

Now, of course, every transaction is different somehow. If you have specific questions, feel free to contact me.

RE Consultant
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0 votes 2 answers Share Flag
Thu Oct 1, 2009
Kim Johnson answered:
Hi Pete,
I am a Mortgage Loan Officer and would love to help you with this. There are many different things that underwriters look at to approve a mortgage. Not only do they look at your credit score but they also look at your employment history and your debt to income ratios. It sounds like you are doing very well for yourself. If you would like to see if we can get you pre-qualified to buy a home, give me a call at (586) 216-5353 or email me at I would love to work with you and see what we can do.
Kim Johnson
Mortgage Specialist/Branch Owner
Great Lakes Mortgage Funding
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0 votes 8 answers Share Flag
Sat Sep 19, 2009
Grace Hanamoto answered:

Thanks for your note. Unfortunately, the question you ask is better posed to an attorney in your state who can review your papers, notices and loan to see if there is any way to postpone the sheriff's sale. Typically, once the bank has been given an approval from the courts to move forward with a foreclosure, the only way to stop this action would be to pay the amount due to the mortgage holder and have the foreclosure stopped prior to sale.

Keep in mind that if the bank or its trustee has completed all of the procedures correctly, it will be exceptionally difficult to find any grounds to stop the sale. One cannot simply file or request hearings without grounds for the request, and only your attorney can help you.

Otherwise, as Brian pointed out below, a short sale is one of the only ways in which the bank can be persuaded to postpone their foreclosure action in favor of attempting to sell the home to a bona fide third party. This can buy you time to try to sell the home, move your family out of the property in a planned and coordinated manner, while also preventing your credit from being damaged by a foreclosure.

Good luck, and talk with a short sale expert for help!

Grace Morioka, SRES, e-Pro
Area Pro Realty
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0 votes 2 answers Share Flag
Mon Jul 27, 2009
Michael Thompson answered:
It's been answered pretty thoroughly--the agent works for the seller not that bank. Once the sellers accept an offer they can't submit another offer to the bank--even if it's say $10,000 more.

I have had the situation where a client submitted a "back up" offer on a short sale that was substantially more than the 1st offer--magically the bank rejected the first offer, and my person was able to buy the house. How that was handled by the listing agent I don't know--and it all raises a question of ethics that'll cause a lot more discussion if posted than your question!

As everyone said, patience is your best bet--short sales are a great way to get a bargain, but a lousy way to go if you're in a hurry.
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0 votes 4 answers Share Flag
Tue May 26, 2009
Mike Mitchell answered:
Hi Sueski,

There are currently 7 homes active on the market in the 48042 zip code up to $120,000

You can view these and all homes listed on the MLS for FREE at: ... more
0 votes 2 answers Share Flag
Mon Feb 16, 2009
Matthew Tetloff answered:
Joe, you should do what ever is comfortable for you. Research property taxes and insurance costs along with principle and interest payments. Find a realtor that is consistently working with foreclosed homes, they will have updates weekly, and also check for HUD owned homes. HUD offers $100.00 down for FHA financing of purchases of HUD Owned properties $25,000.00 and more. Along with usually 3% for closing costs, prepaids, and discount. I think you should find a great deal out there and not have to spend so much money and have equity in today's market. That money would do you better put away earning interest and available for emergencies. Insurance for FHA is typically lower than PMI for conventional. USDA/Rural Development offers 100% financing in certain areas and as with FHA can finace repairs. If you have any questions, feel free to ask! Have a great day! ... more
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