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Home Buying in Muskegon County : Real Estate Advice

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Activity 92
Thu Nov 15, 2012
Stephanie Leon answered:
Yes. Your contract will be first and foremost. The seller can continue to market the home as for back up offer. Should another offer come in it will only become effective if the first offer falls through. ... more
0 votes 7 answers Share Flag
Fri Jul 13, 2012
Charles Pelto answered:
Give me a call. Finding quality and value in Muskegon markets means asking more questions and cheapest isn't always best value 759-3641
1 vote 1 answer Share Flag
Fri Jun 8, 2012
Diana Cain answered:
Tim,

Why do you think you would like a Land Contract?

Oftentimes you will find that because the Seller is offering the financing, they will increase the sales price AND they are legally allowed to charge more interest than a traditional bank or mortgage lender.

Perhaps you feel that your credit is not good enough for a traditional mortgage? You should spend the little bit of time to check with a lender to review your credit and let you know where you really stand. Your credit may not be as bad as you think And you may find that it may only take 2 or 3 months to clear up any issues that you may have, and I PROMISE you will get a much better house with a traditional mortgage. Your money will go much further!

If you need help locating a lender, or a lender says you are ready to start looking for your next home, please feel free to call me at 231-329-9843.

Good Luck!! Diana Cain
... more
0 votes 3 answers Share Flag
Tue Jun 5, 2012
Jim Simms answered:
Don’t do that. I promise you do not understand how this type of transaction works. When it comes time to close the deal the mortgage underwriter must follow the mortgage guidelines not the contract between the tenant and the seller. Make sure you understand this or you will stand to lose a lot of time and money. Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
... more
0 votes 1 answer Share Flag
Mon Jun 4, 2012
Brent Link answered:
I should add that this is how it works in Michigan. I can not speak for other states since I am not licensed in other states.
0 votes 4 answers Share Flag
Sat Apr 7, 2012
Jo Derenzo answered:
5950 South Shore Drive, Witehall, MI has 1633.sqf , Lake front property... cozy yet spacious.
Please contact Jo at 734/216-3678
0 votes 2 answers Share Flag
Wed Feb 29, 2012
Brent Link answered:
Katie,
I just seached on the MLS and did not find any.
I would be happy to set up a search so you will be the first to know when one does come available.
Let me know if you would like me to help.
Brent
... more
0 votes 6 answers Share Flag
Thu Feb 23, 2012
Mark answered:
the bank is 5th 3rd. The selling agent has co-authored a book on short sales.
0 votes 5 answers Share Flag
Tue Feb 14, 2012
David Gassman answered:
Oh Yes, they are out there. It just depends on where you want to be and how much you have for a down payment / what you can afford to pay for a monthly payment?
Feel free to contact me anytime for a list. ... more
0 votes 2 answers Share Flag
Tue Feb 14, 2012
Brent Link answered:
Wed Feb 8, 2012
Brent Link answered:
Evita,
If you are still considering a move to this area, I would be happy to reccomend a lender that WILL call you back. I can't stand lenders, or agents for that matter, that do not return phone calls. I deal only with professionals.

I would also be more than happy to help with your search if you are not working with anyone at this time.
... more
0 votes 4 answers Share Flag
Wed Feb 8, 2012
Brent Link answered:
I see you asked this quite some time ago.
There are getting to be more homes available on Land Contract but many times they are over priced. I have seen homes bought for peanuts and then listed as a L/C for an outrageous price, and sometimes they get it because some people have few options.

If you do find a home that suits you that is available on a land contract, be careful. People who are losing thier home have been known to "Sell" it on a land contract for a reasonable price. they get a sizeable down payment and the buyer moves in. A few weeks later the bank that holds the original note comes along and informs the buyer that they are foreclosing on the home!

To avoid this, make sure the seller provides you with a current Ttitle Policy. This will show any and all leins on the property and assure you that the bank will not come knocking in a few weeks or months.

I would be happy to answer any questions you may have.
... more
0 votes 2 answers Share Flag
Wed Jan 25, 2012
David Gassman answered:
Hi Bellab,

I need to know what the address on the house is. Then I can tell you the school district.
Dave
0 votes 2 answers Share Flag
Wed Jan 4, 2012
Steve Dykstra answered:
Finding a seller that will sell on land contract has been easier lately. I am working with two buyers that need to buy on land contract and we are going to make an offer on one next week. Don't give up.

Steve Dykstra
... more
1 vote 6 answers Share Flag
Wed Oct 12, 2011
Ken Luttrell answered:
Once you have made it 2 years past the discharge date, many banks/brokers are allowing mortgages contingent upon credit scores.You can amazingly get a 100% loan! A 600-score may however be a little low on the scale for most. lenders unless you have a sizeable down-payment and good history of income for the last 2 years. Additionally, you could try the sub-prime route, but be prepared to put down upwards of 20%. ... more
0 votes 5 answers Share Flag
Tue Jul 12, 2011
David Gassman answered:
Since your credit is bad, my experience is that no bank will touch you right now. Although, you might be able to qualify to short sale the house to try to keep a foreclosure off of your report. To do this, most of the time you have to have a financial hardship and you will have to show tax returns and bank statements to prove it is a true hardship. If you are successful you will be free from the house on Getty and then you will have to either rent or try to find a house on Land Contract in a better neighborhood (not an easy task because Land Contracts are in High Demand and Short supply). ... more
0 votes 3 answers Share Flag
Tue Jun 14, 2011
Ken Patterson answered:
Good answers below. Another thought is to ask your friends and those you know for a real estate agent referral. If someone has had a real good experience with an agent, they will let you know why they liked that agent. You will be able to find someone real helpful with these types of questions. ... more
0 votes 6 answers Share Flag
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