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Redford Township : Real Estate Advice

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  • Local Info2
  • Home Buying12
  • Home Selling1
  • Market Conditions1

Activity 15
Mon Sep 12, 2016
Msgwinches6 asked:
We have won a bid on a foreclosed property in Redford, MI. I am being told there is a redemption period. Who is supposed to supply what this time frame is?
0 votes 0 Answers Share Flag
Fri Aug 14, 2015
thinz answered:
I would consult with your attorney handling the closing.
Tom Hinz www.shortsaletosell.com
0 votes 1 answer Share Flag
Sun Jan 25, 2015
Blair Taylor asked:
Two homes for sale in Redford

26014 Student
11381 Appleton

Please email if interested detroithomesales@gmail.com
0 votes 0 Answers Share Flag
Thu Oct 17, 2013
Brian Mazzola answered:
I would consider a property management company. Let them find you some qualified tenets and do the leg work. Sure they keep a percentage but sounds allot better than what you have been going through. Can be very difficult to manage a property from out of state.

Id be happy to recommend some property management companies if you'd like.




Brian Mazzola
Brian@MazzolaRealtyTeam.com
... more
0 votes 1 answer Share Flag
Mon Sep 23, 2013
Alan Tobin answered:
If you did not reaffirm during the BK, it will be very hard to do so now. There are other options to explore before letting go into foreclosure. Call me and we can discuss it.

Alan Tobin
Ross Mortgage
248-345-7197
... more
0 votes 2 answers Share Flag
Fri Dec 9, 2011
Marco Gomez & The Reach Team answered:
When you set up the closing date your broker or attorney depending on who you use for the contract was supposed to set up a possession clause and also an escrow account if me if you are not taking possession of the day you close. What I would do is go back to the broker or attorney and make sure they straighten this issue out for you, otherwise you'll have to speak to an attorney.

Marco Gomez
NY state Associate Broker
Keller Williams Landmark II
Marco.gomez@gmail.com
... more
0 votes 3 answers Share Flag
Tue Dec 6, 2011
Joan Congilose answered:
Hi Shay, You really need to have an attorney resolve this for you. When the original contract was signed this should have all been spelled out in writing and signed by all parties not done verbally. A use and occupancy agreement usually is drawn up by an attorney with a specific move out date , and parites may agree to a per diem charge for the priviledge of staying there. It is not your fault as to whether you heard it or not. So call your lawyer right a way and they should be able to resolve this dilemma, good luck. ... more
0 votes 5 answers Share Flag
Mon Dec 5, 2011
Karen Paytas answered:
Shay:

It typically takes a minimum of 15 days to close on a bank owned property and that will depend on if the bank has ordered Title work.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
... more
0 votes 2 answers Share Flag
Wed Aug 10, 2011
Don Maclary answered:
Have a local realtor research the owner and ask if they would consider selling
0 votes 13 answers Share Flag
Fri Aug 5, 2011
Dan answered:
Sounds like shadow inventory that the bank will not market. This is why real estate values are at the top not the bottom.
0 votes 2 answers Share Flag
Mon Aug 1, 2011
Karen Paytas answered:
Hi Beatkins:

I've done a run with the MLS and homes that have sold in Redford were on the market an average of 88 days. This of course depends on the list price versus market value.

If you need assistance selling your home I would be happy to assist.

Have a Great Day!!!

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
... more
0 votes 2 answers Share Flag
Thu Jul 7, 2011
Karen Paytas answered:
Hi Ms!!

I just hate when I hear these horror stories. The renter needs to consult an attorney. Since the rental is being handled by a rental company there may be the ability to re-coop the security deposit. Most foreclosed properties in Michigan has at least a 6 month redemption period following the sheriffs sale. So the tenant would be able to stay in the home until this time runs out. Of course the rep is going to tell the renter not to worry there job is to collect the rent.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
... more
1 vote 1 answer Share Flag
Wed Jul 6, 2011
Anna M Brocco answered:
Perhaps your question was cut off--in any case, when it comes to any tax related issues, it's really in your best interest to consult with your tax professional and or tax attorney... ... more
0 votes 2 answers Share Flag
Tue Jun 14, 2011
Anna M Brocco answered:
Wed May 4, 2011
Annette Levinson answered:
They are only responsible if you ordered a violation search. If you didn't that have no liability.
0 votes 2 answers Share Flag
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