Yes FHA is going to reduce sellers concessions from 6% to 3% this spring. There is no exact time. But if you are a metro Detroit home buyer now might be the time to jump into the real estate market before you have to come up with more money. Let me give you an example of closing costs when buyin
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01/24/2010
An open letter to David Stevens Assistant Secretary of Housing - FHA Commissioner, David, I hate to say it, but you have opened the floodgates or pandoras box. So I might as well be the first to do it. I am one of those guys that stands up and says what
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01/24/2010
Here are 15 inexpensive Livonia condominiums under $50,000. There is one that is 1100 square feet listed at $39,000. That's less that $50 a square foot. If you notice there are some that have association fees as cheap as $125 a month. LIST PRICE STREET NAME SQUARE FOOTAGE BEDROOMS BATHS.LAVS
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01/24/2010
Tomorrow Sunday is the last day for the Plymouth Ice Festival in Wayne County Michigan. It was a beautiful day to stroll thru Kellogg Park and look at the ice sculptures. The weather was a little warm yesterday so the sculptures were cloudy and cracked looking though the newly carved ones looked
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01/23/2010
Here are the top 5 priced Northville luxury home that are currently for sale. Northville Michigan is one of Metro Detroit's great areas to live. LIST PRICE STREET NAME SQUARE FOOTAGE BEDROOMS BATHS.LAVS YEAR BUILT $1,449,000 NATALIE 5800 4 5.3 2000 $1,890,000 SPRING 4667 5 4.2 1999 $1,899,000 SE
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01/22/2010
IT IS IN WRITING AND SIGNED. It is just that simple. This is very important why I like negotiations to go quickly. If a purchase agreement is not signed by both parties it is not a contract that can be legally enforced. The courts won't enforce. If you are a Michigan home buyer or a first tim
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01/21/2010
Yep....I did and I am so proud of myself. I have a deal that went past the closing date last Friday. After 45 days the out of state mortgage company wasn't ready to close the FHA loan. So I followed up on Monday and never got a call back from the processor. It was a holiday but he never calle
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01/20/2010
that the sky is falling. In the same blog column I read two different blogs. One said that only about 8300 loan modifications happened in Florida. Sadly that program has not helped enough home buyers across the United States. It has helped some people. Loan modification usually lowered the i
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01/19/2010
Yes look around you. I believe has become a major force. When a upper level member of HUD reaches out to real estate professionals via active rain..... you know outsiders are realizing the power of Active Rain. Yes we do have over 170,000 members that come and go. But the membership numbers do
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01/18/2010
The other day I had a kidney stone attack and ended up laying in a hospital bed all drugged up. I had gone in early so I thought I was going to be operated on the same day and be fine right away. Well my wife came to the hospital and did some emails for me on my phone. She went home at 4 with
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01/17/2010
