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Romulus : Real Estate Advice

  • All49
  • Local Info1
  • Home Buying14
  • Home Selling1
  • Market Conditions0

Activity 17
Wed Feb 26, 2014
christopher.t.powers asked:
Basically I want to get into writing that I will pay his mortgage until I can qualify for a Home loan but we are having trouble figuring out what the best contract would be for our situation
0 votes 0 Answers Share Flag
Wed Jan 22, 2014
John Keblaitis answered:
Thanks for the question.

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!!

John Keblaitis
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
1 vote 2 answers Share Flag
Tue Oct 15, 2013
Andy Hargreaves answered:
Which one are you referring to? You didn't link any in this question.
0 votes 1 answer Share Flag
Tue Jul 9, 2013
Harold answered:
We have an awesome loan officer in our office please contact me. There ar many programs out there for first time homebuyers. Once he approves you I will start showing you property to view

Thanks
Harold
248-474 3303
... more
1 vote 2 answers Share Flag
Mon Jan 14, 2013
Catina Willis (Preferred) answered:
Many loan programs today are requesting a credit score of 640 or higher. Inbox me your email address if you would like information about Hard Money Lenders that do not require a credit score. ... more
1 vote 1 answer Share Flag
Sun Apr 17, 2011
Patient 1 answered:
@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
0 votes 7 answers Share Flag
Thu Apr 14, 2011
Jason Nolan answered:
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
0 votes 5 answers Share Flag
Sat Apr 2, 2011
Derek Bauer answered:
Good morning, Sonja. Thank you for the direct email.

We will be contacting and can assist you like we have so many others.

Enjoy this sunny day!
0 votes 2 answers Share Flag
Wed Feb 9, 2011
Andy B Realtor answered:
please email me the information on the property and i will give you the fair market of the home along with a suggested land contract price/and monthly payment
0 votes 1 answer Share Flag
Sun Nov 21, 2010
Sonya Loose answered:
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.
Thanks!!
... more
0 votes 5 answers Share Flag
Tue Oct 26, 2010
Ssmith asked:
Fri Jun 25, 2010
Gary Geer answered:
Mon Mar 22, 2010
Ben Strom answered:
Lakara,

Down Payment: that will depend on your loan type as well as your credit - but it could be as low as 3.5%

Earnest Money: will be up to your agent but 1%, until you get down to $500 or so, is pretty common ... more
0 votes 3 answers Share Flag
Mon Mar 22, 2010
Deborah Miller answered:
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
919-491-2826
... more
1 vote 5 answers Share Flag
Mon Feb 15, 2010
Bob McClure answered:
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
0 votes 5 answers Share Flag
Mon Nov 9, 2009
Emily Erekuff answered:
Hi Christine,

Thank you for reaching out to us about this issue. You can alert our Customer Service team about this one of two ways:

1. You can select the 'Report error' link on the right side of the page where your home's property details are displayed and report the home as sold.

2. You can email our Customer Service team via the link below to report the problem.

In either case, our Customer Service team will then remove the listing and follow up with you within 24 to 48 hours.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 4 answers Share Flag
Sat May 2, 2009
Lisa asked:
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