It was a whirlwind of a week, mainly spent showing homes to several different first time home buyers. Common theme for this week: Taking advantage of the low housing prices and interest rates as well as not wanting to miss out on the 1st time home buyers tax credit. Something else that we saw i
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09/12/2009
I received an ActiveRain contact email from a young lady at 1:50 p.m. I returned her email at a little after 2 this afternoon, and we spoke a few minutes later. In her email she stated "..am having trouble reaching an agent to help me." During our phone conversation she stated that I was the
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09/10/2009
"I only want to see foreclosures" I had an interesting conversation with a caller yesterday morning and thought I would share it with all of you. I'm hoping that by sharing it and putting it out to the public that other potential home buyers will see
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09/09/2009
I normally write blog posts that are geared for my local consumers (Macomb County MI) but this one is going to affect all of us who have buyer clients using FHA for their mortgages and condo purchases. (Please read HUD Mortgagee Letter 09-19 , HRAP/DELRAP, for all the specific details of the wa
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09/08/2009
While you've been waiting for the housing market to "hit bottom" a few things have happened: The number of bank owned homes on the market in our area (Macomb County MI) have fallen drastically. This means that suppy and demand is now on the demand side of the equation. Want to buy a foreclo
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08/28/2009
I am currently working with several 1st time home buyers in my area (Macomb County MI) and there is one thing that they also have in common: They do not want to miss out on the first time home buyers tax credit that expires at the end of November. As of todays writing there are only 69 business
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08/21/2009
HUD and FHA are currently running a program here in Michigan (and other states) in which you can purchase a home with a $1 down payment. That sure gets the phones ringing if you advertise "$1 down HUD homes!" but it certainly doesn't tell the whole story: HUD requires $1000 earnest money depo
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08/16/2009
I don't know if everyone is aware of it or not, but there are big changes coming to the way FHA will insure condos as of October 1st. After reading HUD mortgagee letter a couple of things stand out that I know will affect my Macomb County MI condo buyers, and they may or may not affect your lo
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08/16/2009
Most first time home buyers know that the process to purchasing their first homes start with talking to a mortgage lender, and then choosing a buyers agent. However, I feel that the most important part of the process isn't often talked about: Creating a budget that is comfortable. One of the
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08/14/2009
I think I may have the answer as to why some listings in our area are so difficult, if not impossible, to obtain showing request confirmation let alone a return phone call back from some agents. A few weeks ago I was contacted by a home owner in my area to put their home on the market. (No specif
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08/10/2009