Do you have a recent appraisal of the property? what is the date of the "last sale price"?
Do you have any Comp's (sold, active and pending) within 2 months and half a mile radius of the house? If you are dealing with a real estate agent, he/she should be able get you these comparables, thus giving you the true value of the property.
House value changes with time and neighborhoods. Its important to know what you offer is a good deal for you.
I am a "Private Money" lender, I am a member of a private money network, I or one of my associates can fund you if the numbers on your deal is good, regardless of your credit rating or past history.
Please email me with details of your purchase, how much are you going to offer? How much downpayment ? How much time (when is closing date)?
I can help you analyze the deal, if the numbers are good, we can fund the property very quickly.
Danny W. Der
We may be able to help you, we are a private hard money lender in Huntington Woods, MI. Please contact our office at (248) 547-3006, Metro Mortgage Investments LLC, 26711 Woodward Ave., Suite 301, Huntington Woods, MI 48070. NMLS# 166128.... more
I'm not sure exactly what you're looking/asking for here, Smyri777, but I think this information might be helpful to you. http://www.prlog.org/11827139-mortgage-loans-for-non-us-citizens.html Just so you know, I have turnkey rentals available in Detroit from $30,000 so I'm curious whether you even need a loan or not. Email me at firstname.lastname@example.org if there's any way that I can help you.... more
I'm not sure why, if you're looking to invest in Detroit, you're looking for a mortgage if you have "60-70% to put down" but I would be glad to work with you to better understand what your needs are if you send me an email at email@example.com. Although my grandmother could probably converse with you, I don't speak a word of Italian but I'm sure that I could find someone to translate for us if need be. Perhaps you know of someone who speaks English near you even.... more
Tony J, Contractor, Detroit, MI
we are foreclosure repair company working for the banks in michigan. we can take a home from trashout /rehab to rent ready with an economical budget ,interview renters,and that property producing income asap.
we're full service with insurance and licenced contractors. references on request.
I looked over your earlier question and answers for this property; do you have any money to put into the deal?
I would be willing to discuss options for funding your deal, but I need to know all the details of the complex...location, occupancy rate, rent rolls, number of units livable vs non livable, rehab costs if known, ect. I am a member of a few investor networks that could help you fund this deal if the numbers make sense. Email me your contact info at
I would be happy to answer your question about investing in Detroit. The best buying method for this market is with cash. Houses sell fast here and you can get great discounts when working with cash versus financing. Many of the properties are priced well below what you would be able to finance.
Our company works with many international and local investors looking to get a great return on their money and better yet, we do all the work. If you would like me to answer any more questions or you want more information, please free to e-mail me at firstname.lastname@example.org or call me directly at (248) 215-2897.
Looking forward to speaking with you soon,
Guy R. Gailliard
If your Mother In Law just wants her name off the house (Title/Deed), you can just do a Quit Claim Deed. However, if she wants her name off the mortgage(s), you will need to refinance in your name only.
As long as you have a steady work history, good credit and a down payment. You should be fine.
If you need any assistance, please feel free in contracting me. I am also a fellow Techician. Class of 85.... more
It would make no difference how you bought it, the fact you did is all that's important. The new buyers will get a mortgage on the property and it will be up to that lender if they will allow the mortgage or not. I would imagine there is no problem as long as it appraises and is up to codes.... more
Karl a hard money lender could charge 12-18% interest and the loan is only short term. It could be as little as a year you would have to refinace. A hard money lender is good for a short term loan with a definate plan to get out of it by selling or refinancing, if you can not get a mortgage now, the chances in a year are just as slim. They also require a large amount of money down usually 20 to 30%. You could be out your money and face huge fees and teh loss of your building in a year. You should research the companie sthat do church financing or are there any neighborhood stabilization programs in your area. Explore everything first. good luck with working things out... more
Per the website It should be any type of house that qualifies for MSHDA's FHA or Rural Development first mortgage. I would check with on a the approved lender's that are familiar with the program. Here is a link to the list provided by MSHDA.
Available with MSHDA's FHA or Rural Development first mortgage.
Good luck with your house hunt!
Sr. Loan Advisor
American Liberty Mortgage... more
Has your real estate agent suggested an FHA 203K loan? This is an FHA rehab loan that can be used to make repairs on the property you are purchasing. If you have any further questions about this type of loan contact me. I am a local real estate agent that specializes in distressed properties.... more