It appears that the Township of Chesterfield (Macomb County MI) has decided to get in to the "buy a foreclosure - sell it for a profit" business. The Macomb Daily has reported that Chesterfield Township has purchased two foreclosed properties and is going to auction them, hopefully for a profit.
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07/16/2009
In a market where frustration levels are high for both consumers (both buyers and sellers) real estate professionals often take a verbal bashing by not only the consumers, but sadly sometimes by each other. Today I wanted to praise a fellow Metro Detroit real estate professional in public and to
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07/15/2009
I've been noticing a strong trend over the last 6 months with home buyers in my area (Macomb County MI) and last months analysis of our housing market verified it all for me nicely. FHA and VA mortgages are truly the Kings and Queens of financing for home buyers in our area. As the new appraisal
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07/11/2009
I have permission from my buyer client to share this with all of you. (Thank you Terry!) It helped that Terry found me through the blog articles that I've written, so she is aware of how much we share such things with each other. Terry and I were going over what she wanted in a condo: Price r
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07/10/2009
Jeff Belonger, aka "The FHA expert" has written a wonderful article about the comparisons between FHA mortgages and conventional mortgages. Since most of my first time (and 2nd, and 3rd) home buyers in Macomb County use the FHA mortgage I thought this would be helpful for all of you to read. Th
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07/10/2009
Most days the articles that I read from real estate professionals in our industry are outstanding and I applaud them for their well balanced views and consumer educating posts. Then there are other days when I just shake my head and wonder. Today was one of those days. I'm not going to point o
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07/10/2009
The City of Warren MI in Macomb County is in the process of enacting a city wide foreclosure registry. I think it's about darned time that the city officials stepped in to combat the blight and the safety issues that happen with some abandoned foreclosures. Bank owners (and other owners) will be
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07/07/2009
Home sales in Macomb County MI saw some dramatic changes in June compared to data available for June of last year (2008). One of the most dramatic, in my opinion, was the average total days on the market being reduced by 88 days. That is almost a full 3 months less time on the market to sell you
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07/07/2009
A man that I have the utmost respect for, Bryant Tutas, a real esate broker in Poinciana Florida wrote an article today that I am compelled to share with all of you. It is about a huge problem and dilemma that many of us in Macomb County MI are facing and the banter back and forth between real
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07/06/2009
It was quite a headline type news weekend in the Metro Detroit area, and one would think with all of the economic problems that my hometown area is facing that I would be a bit more concerned this morning with hard core issues facing people in my area. My priorities are screwed up today. (I'm h
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07/05/2009