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Flint : Real Estate Advice

  • All178
  • Local Info28
  • Home Buying44
  • Home Selling11
  • Market Conditions6

Activity 59
Mon Apr 8, 2013
Bob Schweiss answered:
Fri Mar 15, 2013
Bob Schweiss answered:
It would be best to call the apartment complex and find out.
0 votes 2 answers Share Flag
Mon Feb 25, 2013
Scott Hoyt answered:
What is the addresss of the home in question?
0 votes 5 answers Share Flag
Sat Mar 16, 2013
Haig Istamboulian answered:
Hello,

Realtors cannot answer questions about things of that nature, but we can direct you to where you can get the answers for yourself.

I would first call the Police Department of that city and talk to someone who can specifically answer questions like that. I would also go the neighborhood and talk to neighbors or local merchants. In addition to that I would do some research online at sites like the ones pasted below;

http://www.city-data.com/

https://www.crimereports.com/

http://www.neighborhoodscout.com/

I hope this helps and Good Luck!

HAIG
(248) 379-6547
realtorhaig@aol.com
... more
0 votes 6 answers Share Flag
Wed Dec 12, 2012
Fred Yancy answered:
It's like any other real estate purchase. You will have to pay cash, it will have to have a clean title, there would be a typical closing with an attorney etc. Once you own the home, you will more than likely need to do extensive repairs, such as HVAC, missing plumbing/pipes, updates, paint, ect. Since there is no mortgage, you will need to pay the property insuance and property taxes as they come due. Does that answer your question? ... more
0 votes 3 answers Share Flag
Sat Sep 29, 2012
Don Tepper answered:
There wouldn't be an easy way of finding out when the owner became delinquent or when the bank started sending letters. However, if the property actually has been foreclosed upon--if ownership has transferred from the previous owner to the lender--then that should be easy. Your county's tax records or deeds office would show when the deed was transferred.

Hope that helps.
... more
0 votes 3 answers Share Flag
Tue Feb 19, 2013
jcjc960 answered:
i am purchasing this house next week...neighborhood is still very good there..my 5th house in flint ..personally i think flint is quite nice...at least most areas..ny john
0 votes 8 answers Share Flag
Mon Jun 11, 2012
Tim Moore answered:
Well good luck finding rent to own stuff. In declining market values these seldom work out and when ever the economy drops or interest rates sky rocket the rent to own people come out of the woodwork looking for the miracle in a bottle that rarely exists. As you know most people want to sell and move on not being a landlord hoping they can sell it in the future or maybe not. As you know some people are renters for a reason and they just can't change or fix it. ... more
0 votes 3 answers Share Flag
Fri Apr 27, 2012
Laura Feghali answered:
Hello Lee,
Any penalties or fines for non-performance or not meeting deadlines should be outlined in the contract that you have with the builder. I suggest that you look there first. If you have an agent representing you then get him/her to contact the builder to discuss it. Otherwise; seeking legal counsel would be your next step.

Good luck to you!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 0 Answers Share Flag
Tue Apr 17, 2012
Markeshea J Porter asked:
Fri Apr 27, 2012
Steve Ackerman answered:
There are 4 on the market at this time witch one would you like to see I can set it up for tomorrow if you like.
0 votes 2 answers Share Flag
Sat Feb 25, 2012
Phil Rotondo answered:
Check out:
http://www.flintnightout.com/
0 votes 1 answer Share Flag
Wed Feb 22, 2012
Michael Thompson answered:
Unfortunately you rarely can edit it--the info on trulia comes from MLS services realtors use, or public record websites. To change the photos or edit information you'll need to contact your realtor, township etc. ... more
0 votes 3 answers Share Flag
Thu Feb 16, 2012
Suzanne MacDowell answered:
Does she have someone advising her? I hate to ever say don't use a 'newbie' because everyone has to start somewhere, but short sales are very, very difficult transactions and even the most experienced realtors sometimes have trouble getting these sales done in a timely fashion. I have done any number of short sales and yet I have listings right now where buyers have walked away at the last minute, or the bank is being completely unreasonable and if I didn't have good resources and advice I would sometimes be at a loss for how to handle things.

I would dig a little further into what she means when she says she can 'handle it'. Does she have her SFR (Short Sale and Foreclosure Resource) designation? Is she a member of the CDPI (Certified Distressed Property Institute)? Does she work for an agency or office where she will get support and advice from her broker or the other agents with more experience handling these things? I hate to say it but if the answer to all these questions is 'no', I would at least consider interviewing a couple of other agents before making a decision.
... more
0 votes 5 answers Share Flag
Sat Feb 11, 2012
Ron Ristovski answered:
Thicks,

Are you moving to state of Indiana? You can always call the city office that you planning to move in and they can guide to the appropriate department.

This depends on the home owner also.

Best wishes,
Ron
http://www.affordablemihomes.com
... more
0 votes 1 answer Share Flag
Tue Mar 11, 2014
Cathy Bureau answered:
Was this an accidental duplicate? This was asked by our just a few hours ago. Here is what I posted and the question that was posted.

markesheap, Other/Just Looking in Flint, MI
Are banks willing to do land contracts?
Asked a few hours ago by markesheap - Home Buying in Flint - 12 answers
Cathy Bureau answered:
It depends on what you mean by land contract, and many other factors.

Land is the riskiest investment. For a bank to consider a loan you have to either be purchasing to build or be a developer these days, and even developers are having a difficult time. If the lot is improved and within a subdivision you'll have much better luck.

My buddy Ron is right about "Land Contract or "Contract for Deed but being a lay person I don't know that is what you intended to mean. But , just for fun, I'll give you the definition via Wikipedia.

A 'land contract' (sometimes known as a “contract for deed” or an “installment sale agreement”) is a contract between a seller and buyer of real property in which the seller provides financing to buy the property for an agreed-upon purchase price and the buyer repays the loan in installments. Under a land contract, the seller retains the legal title to the property, while permitting the buyer to take possession of it for most purposes other than legal ownership. The sale price is typically paid in periodic installments, often with a balloon payment at the end to make the timelength of payments shorter than a corresponding fully amortized loan without a final balloon payment. When the full purchase price has been paid including any interest, the seller is obligated to convey legal title to the property to the buyer. An initial down payment from the buyer to the seller is usually also required by a land contract. The legal status of land contracts varies from region to region.

Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual, more conventional real estate contracts, a seller does not provide a loan to the buyer; the contract either does not specify a loan or includes provisions for a loan from a different "third party" lender, usually a financial institution in practice. When third party lenders are involved, typically a lien called a mortgage or trust deed is placed on the property so that the value of the property is used as collateral until the loan is paid in full.

Good Luck

Cathy Bureau
Broker-Owner
Green Home Realty - A few hours ago
... more
0 votes 8 answers Share Flag
Mon Jan 30, 2012
Haig Istamboulian answered:
Hello,

I am guessing your question is meant for Bank Foreclosures that are on the market and not for current Owner owned homes that may be a Short Sale.

Either way Banks will NOT do Land Contracts, they are looking to sell the homes out right. If you are looking for Land Contracts you will have to deal with current home owners or investors. Please let me know where you may be looking and I can do a search for all current Land Contracts in the areas that interest you and I can email it to you.

My contact information is below,

Thank You,

HAIG
Elias Realty
(248) 379-6547
realtorhaig@aol.com
... more
0 votes 13 answers Share Flag
Mon Jan 16, 2012
Don Tepper answered:
Is there a consumer protection agency in Flint? If so, check with them.

If not, insurance companies are licensed by the state. Check with the Michigan department in charge of licensing insurance companies to find out what your protections are and what you can do.

Hope that helps.
... more
0 votes 3 answers Share Flag
Sun Jan 15, 2012
Allison Fishwick answered:
Happy to help - Not sure how long you have been on the market or pricing of it - or if your current realtor has discussed accurate pricing to get it sold - You should have a frank conversation w/your realtor about the right price to get it sold - He/or she is your gateway to Ohio - but you have to price it to sell - that is why you have your realtor is to advise you on the beset way to get you to your new home !!! best of luck ! ... more
0 votes 2 answers Share Flag
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