You will want to get in touch with a financial institution first. You could go to your local branch wherever you currently do your banking or we could recommend one of the mortgage loan officers that we speak with on a daily basis.
When you chose who you would like to go through they will run your credit and gather some information from you such as pay stubs, work history, rental history and what current debt you have so they can determine your debt to income ratio to be able to give you accurate information on how much you can afford when you go out to purchase a home.
Be careful though with how much they tell you that you are qualified for, they will often stretch you out to the max and you do not want to stretch yourself to thin so that all you are working for is to pay the house note and you won't be able to take any vacations or have any kind of social life. :)
Give me a call and we can talk more about the process.
I look forward to hearing from you!!
Certified Distress Property Expert - CDPE
Office: 734-459-6000 Cell: 734-649-0433
Coldwell Banker Preferred - Plymouth
44644 Ann Arbor Road Ste. A
Plymouth, MI. 48170... more
@pamala- yes I am, believe it or not!!! I've been waiting on a response for my short sale since late September. Bunch of back and forth with that!! However, I will change my name soon enough if things don't progress a little quicker!! Thanks for the info. I will consider it all... more
If the home is in a park and you are paying lot rent, then you don't technically have a "mortgage" but rather an installment loan. That is a good thing. DO NOT pay the loan down ahead of time. Contact the lender and let them know you are putting the home for sale and likely will not sell for enough to cover the balance owed. If you have good credit and want to maintain it, you can consider taking out a seperate, unsecured loan to pay the difference or even ask the current lender to offer you an unsecured loan for the difference to release the lien on title.... more
Missy - wondering if the 2.77 acres is a change....I had always thought if under 2.99 acres the redemption was 6 months and if over 12 months. Can you let me know because I want to make sure I know the correct info.
I agree consider renting this home or invest some $ and ask your listing agent to bring in a stager consultant we have them here who will do that for just around $200 in which they come in and tell what should be where furniture , minimal decor to make your home stand out from the others. You can also consider paying the closing costs that will help bring buyers to consider your home. You do not want to walk away , you will still have that debt with you. I would hope that your listing agent can help you be creative. This market does take being creative to get it sold and shown.
Deborah Rigsbee Miller, Broker
Coldwell Banker Howard Perry & Walston
hi...would a two bdrm in commerce township work.....?....780 sq. ft..totally remodeled....and re-built.....please let me know...$64,900...best regards.....bob mcclure.......first preferred mortgage southfield......... more