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Birmingham : Real Estate Advice

  • All72
  • Local Info7
  • Home Buying18
  • Home Selling11
  • Market Conditions5

Activity 55
Wed Jan 8, 2014
Jeff Gushman answered:
Hi Roger and Lisa,

I would be happy to set up a time to meet with you or speak about pricing trends and price per sq ft in Birmingham. I work prominently in that area and prices are on the rise.

Email me at Jeffgushman@gmail.com and we can get started.

Talk to you soon,

Here Gushman
RE/MAX
(313)980-1533
... more
0 votes 17 answers Share Flag
Tue Jan 7, 2014
Mia, Kathy & Silvia answered:
Consider spending about $50,000 updating the exterior. Let me know if you need a good contractor. I have the best.
0 votes 10 answers Share Flag
Fri Feb 7, 2014
Mia, Kathy & Silvia answered:
I really wish there were. This has happened to me so many times this year. Unfortunately there is nothing you can do to hold the loan officer accountable. I will bet dollars to donuts that he is telling you that the hold up is coming from underwriting. Underwriters work at their own pace. Believe it or not, they really do not care about closing dates! They will not be rushed. No amount of begging will get them to pick up the pace. They have too many files on their desk, and they will be done when they say they will be done. It is so wrong on so many levels. No one is held accountable in the mortgage industry. They just don't care if you are late getting to the closing table. ... more
0 votes 1 answer Share Flag
Thu Jul 12, 2012
Alison Hillman answered:
Hi Sahrok,

I'd love to be a resource but I am not sure I understand your question, are you asking about where a crime happened?

Thanks,
Ali, Community Manager
0 votes 1 answer Share Flag
Tue Jan 7, 2014
Alain Picard answered:
A local Real Estate agent should be able to e-mail you a list of bank owned properties.
0 votes 15 answers Share Flag
Sun Jun 17, 2012
Alain Picard answered:
Short sales are closing faster these days but they can still take a long time. The average is around 3 months but it can definately take longer depending on a lot of things. I would talk to your agent and have them call the listing agent to find out what's going on. ... more
0 votes 6 answers Share Flag
Fri May 11, 2012
Michael Warren answered:
Hi Msagpro

Since the beginning of the year 22 bank owned houses have sold in Birmingham.
Average sale price is $266,549
Median Sale price is $151,100
Highest priced house $950,000 and lowest price of $72,000.
Prices vary greatly due to house features, condition and location.
Average price and square footage should not be used in determing the value of a house.
Valid comparables should be used when analizing the estimated value of a property.

Sincerely,

Mike Warren
Keller Williams Realty
734-634-5868
mikewarren@kw.com
... more
0 votes 4 answers Share Flag
Sat Apr 28, 2012
Mark Mergener answered:
If there is a way to do this, our in-house staff will be able to help you. I am a Realtor with Real Estate One, Michigan's largest Broker, but we also own John Adams Mortgage Company. Call either Carri or David at 248 855-8800. You couldn't be in better hands.

Regards,

Mark Mergener
248 935-0335
... more
0 votes 2 answers Share Flag
Mon Apr 23, 2012
Joe Bertera answered:
Jalyn,

Average home price will depend on many factors such as number or bedrooms, square footage, bathrooms, etc. I can run a market analysis for you if you can provide that information.

You can call, text, or email me anytime.

Thanks,

Joe Bertera. 248.521.6443. joebertera@gmail.com
... more
0 votes 4 answers Share Flag
Thu Apr 12, 2012
Joanna Morris answered:
If you want to save your property you should contact an Attorney right away. Keep in mind that the collection department and short sale department and foreclosure at your bank may not and do not always know what is happening in the other departments. Get aggressive and contact everyone involved your loan. ... more
0 votes 3 answers Share Flag
Tue Jan 7, 2014
Grant Berakovich answered:
I would think between $20K-$40K. Are you looking to build new? If so, I'd be happy to refer you to an excellent builder in Birmingham and he could give you a much better idea as to the costs of demolition. Let me know if I can be of further assistance.

Grant Berakovich
Realtor
Max Broock

grant.berakovich@att.net
(248) 840-7510
... more
0 votes 9 answers Share Flag
Sat Feb 8, 2014
Stephen (Pete) O'Connor, USN (Ret) answered:
It depends upon the state law. In Wisconsin we have something called "Procuring Cause". Since that agent showed you the home he or she has procuring cause with regard to you and that home. If you obtain assistnace from another broker and go through with the sale of that home, and the first broker finds out, AND.......... depending upon whether or not you have signed a buyer's agency agreement with the second broker, then it can get really ugly. Again it all depends upon your state laws. What I would recommend is that you have your new agent contact the first agent and work out the details of the referral, or work out the purchase with the owner directly. www.peteoconnor.com. ... more
0 votes 2 answers Share Flag
Mon Oct 28, 2013
Haig Istamboulian answered:
Hello Bob,

With a low 500's credit score you are not going to qualify for financing other than private assistance (Land Contract or maybe a Hard Money Loan). Maybe you can work on getting your credit scores up before applying for a mortgage. There are people who can help you do that.

Co-signing by a Canadian citizen. Does this person have a home or a job in the states? Since the lender will not haveany recourse in case of default, most likely the answer will be no. Unless of course they work in the states and have a residence in the states.

You should talk to a lender and get that person all of the details so they can guide you in the right direction.

Thanks and Good Luck!

HAIG
Elias Realty
(248) 379-6547
realtorhaig@aol.com
... more
0 votes 6 answers Share Flag
Sun Sep 6, 2015
Ron Thomas answered:
You will probably have 30-90 days according to the Tenant Rights Bill of 2009.
What will happen, is a Realtor will knock on your door 30-60 days after the SALE and they will offer you Cash for Keys, $1000 to $3000 to move within 30 days and not destroy the place or take anything. (pretty good deal, really).

Good luck and may God bless
... more
0 votes 6 answers Share Flag
Tue Jul 26, 2016
Shane Milne answered:
http://www.hud.gov/ll/code/llslcrit.cfm is FHA's approved lender list - be sure to click "203k" at the bottom. This lists only mortgage lenders, not mortgage brokers who can do FHA loans, so it is not an all inclusive list, but it's the only thing official HUD has come out with.

Here is a list of professionals here on Trulia who are in Michigan and who have "203k" in their profiles: http://www.trulia.com/voices/directory/Michigan-pros-203k-23?sort_order=most_liked
... more
0 votes 7 answers Share Flag
Wed Nov 10, 2010
Maureen Francis & Dmitry Koublitsky answered:
You might try Suite Life in Royal Oak and see what they have available. They have apartments in different areas.
0 votes 2 answers Share Flag
Tue Jan 7, 2014
Mia, Kathy & Silvia answered:
Hi Brad,
Usually it is supposed to follow the house for 6 months
0 votes 3 answers Share Flag
Mon Mar 29, 2010
Jay M. Jones answered:
HI Brad,

I am dealing w/ Citi now and feel confident they will be requesting all of your income tax info ('07, '08, & '09 if available), recent bank account activity and income levels in order for you to proceed w/ a short-sale. They are extremely thourough in their research and do not make the process easy. You can feel free to call me to discuss your options further.

Jay M. Jones, Realtor
Max Broock, Birmingham
RealtorJay@sbcglobal.net
... more
0 votes 4 answers Share Flag
Mon Mar 29, 2010
Kate Gladchun answered:
As you will learn, there are crazy things going on in the market. There may be legalities involved that have to be dealt with. Make sure your agent asks the bank contact to give her as much information as they possibly can as to the status of the offer. Did you make and offer and send a purchase agreement to the bank directly? Were you informed that your bid was accepted? Did you receive a bank addendum yet? Bug your agent until they get you some answers. ... more
0 votes 4 answers Share Flag
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