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Just to let every one know the truth, days on market in Royal Oak is right at 60 Days. This puts us in a Sellers market.
If you could not sell last year you likely can this year. Please call me at 248 224 1013 Nancy Robinson Century 21 Town and Country
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Since 2007, fraud involving distressed properties has increased greatly, none more aggressively than short sale flips. A growing trend of short sale flipping has Freddie Mac and the FBI investigating various cases where lenders, distressed homeowners, and/or end-buyers are being defrauded. Everyone should be aware of this trend, and how Realtors and clients can avoid becoming a victim of or party to ...
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The Michigan Association of Realtors is working with the State legislature ( Rep Margaret O'Brien (R) ) to change how Michigan handles the issue of non homesteaded taxes. The current law reads that if a homestead is not on a property by May 1, then it stays off until the following year. Thus keeping the millage rate 18 mils higher than it will ...
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Hardship is defined as being underwater in your primary residence.
The primary lender can give up to 6,000 to a secondary lender.
The bank may allow you to rent for some time and then buy back the home
There might not be a hit to your credit score if you agree to a promissory note.
Approval should be no more that 30 days usually 21 days.
You can apply for a short sale prior to ...
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There is a lot of misinformation about the time it takes to complete a short sale. Under educated Agents shy away from showing these very salable and closable listings to buyers for fear it will "take too long."
Bank of America and Wells Fargo are now pre approving sellers with out offers. This can happen in 21 days.
All homes bought with an FHA mortgage ...
