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Home Buying in Detroit : Real Estate Advice

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  • Local Info91
  • Home Buying792
  • Home Selling80
  • Market Conditions70

Activity 522
Fri Aug 24, 2012
nicole.gates answered:
Hi Ra,

My company has an entire Realtor section that allows you to browse real estate agents in your area and communicate with them to see if they're a good fit for you. You can check it out here:

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0 votes 1 answer Share Flag
Wed Aug 29, 2012
Pam Sawyer answered:
Thu Aug 23, 2012
lucasvickers asked:
I am new to owning an LLC, and was forced to do so because my employer does not want to give benefits and wants to hire my company directly. I am trying to understand how I can leverag...
0 votes 0 Answers Share Flag
Sun Aug 19, 2012
Mack McCoy answered:
Well, Tiffany, have you considered that this may actually work in your favor?

Your point is, basically, sellers aren't going to get proper market exposure, so they're going to wind up selling for less money. Which is great for you - you should probably seek out those very properties with only one picture (provided, of course, that you like that one picture!) - because you'll probably get a better deal on that house than one that is marketed properly!

All the best,
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0 votes 5 answers Share Flag
Sun Aug 19, 2012
John Juarez answered:
Don't you have a Realtor who solve this problem for you? If your answer is "no" then you know what you need to do.
0 votes 2 answers Share Flag
Sun Aug 19, 2012
Suzanne MacDowell answered:
Seems I am saying this almost daily these days. This forum is for consumers to ask real estate related questions. Or for agents to get advice from other agents. It is not for blatant self promotion. Your question is inappropriate. You might, however, want to write a blog about the opportunities in the area and your services in helping people take advantage of those opportunities. ... more
0 votes 2 answers Share Flag
Sun Sep 2, 2012
Ron Thomas answered:
Trulia does not get any information:
Trulia is a POSTING SITE
Your Realtor posts the listing on Trulia.
If something is wrong,
don't blame Trulia.

ps. Trulia does not correct it either; your Realtor do. ... more
0 votes 3 answers Share Flag
Tue Aug 14, 2012
Fluppeduck answered:
Give me a call I can put it under my Property Management Umbrella for you. 313 563 8144 Have a great day.
0 votes 1 answer Share Flag
Mon Feb 18, 2013
Jamie Hastings answered:
Hi Peter,
Yes there are occupied properties in Detroit and surrounding areas for sale. You can reach me by cell - (734)444-5323 or email - and I will get you the property information for occupied homes. I would like to know how much you are looking to invest, and what kind of ROI you are seeking. I look forward to talking more with you and helping you every step of the way with your investing needs.

Thank you,

Jamie Hastings
(734) 444-5323
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0 votes 5 answers Share Flag
Wed Aug 8, 2012
Michael Warren answered:

Currently the sale is pending and has not closed yet.
The list price was $4500.


Mike Warren
Keller Williams Realty
0 votes 2 answers Share Flag
Sat Aug 4, 2012
Derrick Falconer answered:
19420 Burlington status is Pending as of 05/17/12. This property is a Short Sale subject to 3rd Party Approval.
0 votes 1 answer Share Flag
Tue Jul 31, 2012
Haig Istamboulian answered:

The home at 15830 Glastonbury in Detroit was put up for a Short Sale on 4-9-2012 at $24,900.00. An offer was accepted on the home by the OWNER of the home on 7-26-2012 and now the home is marked CCS. CCS means that the OWNER accepted the offer, but now the offer gets sent to the mortgage company for review.

In case you don't know what a short sale is; the owner of this home owes more on the home than the sale price, so they are underwater on their mortgage. Since the mortgage holder is owed more than the home is worth, they are the ones who have to make the final decision as to whether or not they will accept the offer. So until the bank makes a decision, the home will remain marked as CCS.

CCS technically means that you can see the home. But if you decide to place an offer on the home, it will ONLY be considered as a back-up offer, if a back-up offer does NOT exist. Also, just because a home is marked CCS doesn't mean that the listing office will let you see it, some offices will not allow you to see a home marked CCS.

I hope this explains it for you, but feel free to email me with any other questions that you may have, my contact information is listed below.

Thank you,

Elias Realty
(248) 379-6547
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0 votes 1 answer Share Flag
Thu Aug 2, 2012
Alison Hillman answered:
Hi there,

Great question, you can learn all about the types of crimes being committed in the area by checking out Trulia's Crime Maps:

I hope that helps, please let me know if I can help with anything else.

Ali, Community Manager
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0 votes 5 answers Share Flag
Wed Aug 1, 2012
Ron Thomas answered:
I know that there are some good Realtors in your area who will help you with your search:
The Buyer's Agent is paid by the Seller, so it costs you nothing.
And it sounds like you need the help. ... more
0 votes 5 answers Share Flag
Tue Feb 9, 2016
Annette Lawrence answered:
when you purchase a foreclosed property, you will receive a clear title for the property.
The process of getting to that point may result in you paying additional costs above and beyond the purchase price. If you are unfamiliar with purchasing foreclosed real estate it is unlikely you will know with fees you can refuse to pay and which one will sink your deal of you blink.

The situation changes with the situation of the property and the bank or investor that owns the property. This would be a great time to contact a Detorit real estate professional.
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0 votes 6 answers Share Flag
Tue Jul 24, 2012
Ron Thomas answered:
You have to PRE-PAY your Property Taxes;
whether it is through the Escrow or directly.
Pre-paid taxes are one of the items in your Closing Costs.
Depending upon the month you close, you will pay 1 to 6 month's taxes.

Haven't you gotten your HUD1 and had it explained to you?
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0 votes 5 answers Share Flag
Thu Aug 2, 2012
Tim Moore answered:
It's always the same steps:

#1 speak with a lender - ask to be pre-qualified to see if you can get a loan and for how much. It's free and you don't get a credit check yet.

#2 speak with a Realtor and pick one you like and can work with, they will guide you from there and based on what you found out in step #1. ... more
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Wed Jul 25, 2012
Darrell D. Drouillard answered:
Not likely. The credit score is not just a number, but rather a designation of risk. To get a score that low you had to have earned it by overextending your self with credit, not paying your bills timely or not paying at all and maybe even forcing creditors to chase you down for payments or place judgements against you. No lender will look at that and clap their hands in excitement to give you a big loan knowing you likely will not pay based on your track record. I recommend seeking credit repair, try to pay down some debts and establish a track record of pay timeliness to help boost your score to a level where a lender can work with. Good Luck. ... more
0 votes 3 answers Share Flag
Sat Jul 14, 2012
Bob Schweiss answered:
Yes this the real thing. The property is listed and is accepting cash offers.
If youn would like to schedule a showing please give me a call.
Bob Schweiss
Remerica Hometown One
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0 votes 4 answers Share Flag
Sat Jul 14, 2012
Kathy Persha answered:
This is the real deal. This home went into foreclosure in April, 2011 and is currently owned by Freddie Mac/Fannie/Mae. The bank is accepting cash offers only. To make an offer, you will need a realtor and the cash to purchase it.

Kathy Persha, Realtor
Keller Williams Realty
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0 votes 2 answers Share Flag
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