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Sherwood Park : Real Estate Advice

  • All12
  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions1

Activity 7
Sat Apr 27, 2013
Delores Goodson answered:
An offer has been submitted to bank. It is a shortsale, so waiting on bank approval. Call me, if offer is not accept. Delores Goodson, 313-575-2336, front Page Realty
0 votes 3 answers Share Flag
Sun Feb 3, 2013
Torielle Abrams answered:
that property sold for $135,000 on a conventional morgage. Any questions about any real estate needs you may have I can be reached at 313-422-5562 Andre
0 votes 1 answer Share Flag
Wed Jun 6, 2012
Charlene Johnson answered:
Hi Rita,

Sherwood Forest and Palmer Woods are excellent areas to purchase property, especially if you are looking for a monthly income genrating venture. I am a license agent for The Conquest Real Estate Group but we also have a property management company, Metro Detroit Rental Experts, that have been around for about 8 years.

I presently work with investors statewide as well as globally and I find them property and do the property management for them as well. The property mangement consist of doing the rehab work and finding "qualified" tenants to reside in the properties.

I would love to assist you in this area, I love what I do. if I can be of assistance in any way, please contact me.

Charlene Johnson
The Conquest Real Estate Group
Metro Detroit Rental Experts
16250 Northland Drive
Suite 202
Southfield, MI 48075
(248) 499-2187
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0 votes 4 answers Share Flag
Sun Mar 20, 2011
Colandra Moore answered:
Citizens Bank has a great new mortgage product out that will definitely be
able to help your clients and investors get approved for loans w/ less money
out of pocket. They also work with credit scores in the 500s and finance homes are low are 15k. Here is the contact information for you. I will be more than happy to work with you to find a great home for you. Please give me a call.

Eric Veronica
Mortgage Client Service Consultant
Citizens Bank
39520 N. Woodward Suite 101
Bloomfield Hills, MI 48304
248.430.1268 (office)
248.430.1279 (fax)

Colandra Moore
Vision Realty Centers
... more
0 votes 5 answers Share Flag
Tue Sep 21, 2010
Tom Lipinski answered:
Hello Gen,

To answer your question I need more information. I'll take a stab at it while making a bit of a guess about your current situation. I am assuming that your house will not sell for what you owe on it. As a responsible borrower you are meeting your obligation. Since the loan is in both your names, your "mortgage-ability" is not what you need to purchase the new house. You realize that there are some real good deals out there that you would like to consider. OK, that is my guess of your situation.

Here are your options without bruising your credit: 1) Do nothing and stay in the house. 2) OK, I didn't think you would like that one. You could sell your house and bring the shortage to the closing. That is if you have the cash. If you do have the cash, you might negatively impact your down payment on the new mortgage. 3) If you rent your house as suggested below, you will not eliminate the debt by presenting a signed lease to your mortgage company. That worked pre-2006, but does not eliminate debt today. If you can qualify for the new mortgage without discharging the current mortgage renting might be desirable. Check it out with a mortgage loan provider to determine your exact standing if you lease your home. If you are concerned about becoming a Landlord there are several best practices that you would want to adhere to. I can share them with you later. Being a Landlord can be good experience if you do it right. Any other option, and there are several, will blemish or ruin your credit worthiness. If you have an questions feel free to contact me through Trulia or my web site below.

Best regards,

Tom Lipinski
... more
0 votes 4 answers Share Flag
Sun Jan 27, 2008
smith3gary answered:
Chris, while you're asking your agent questions, find out how long the home has been on the market. If it was really a good value, an investor would have snapped it up in the first few days. The remaining homes may be good investments, it all depends upon your skills.

Please make sure you ask about the required City of Detroit inspection results to verify what you must complete within 6 months of closing.
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0 votes 2 answers Share Flag
Sun Jan 27, 2008
Maureen Francis & Dmitry Koublitsky answered:

You really should ask a couple of insurance agents. Premiums can vary widely and the size of the house and value are some of the variable an agent will ask about.
0 votes 1 answer Share Flag
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