Archive for the 'Michigan Real Estate' Category

Ridgewood Condos Ann Arbor, MI 48103

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A few nice michigan real estate images I found:

Ridgewood Condos Ann Arbor, MI 48103


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Ridgewood Condos
annarbortalks.com/ann-arbor-condos/ann-arbor-michigan-rea…

Liberty Heights Condos Ann Arbor, MI 48105


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Liberty Heights Condos
annarbortalks.com/ann-arbor-condos/ann-arbor-michigan-rea…

Fox Glen Condos Ann Arbor, MI 48104


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Fox Glen Condos
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admin on 07 May 2012 | Michigan Real Estate | Comments (0)

real estate “walkaway”?

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Question by : real estate “walkaway”?
If we can no longer make the mortgage payments and just walk away , can the lender take legal action against us and get at our remaining assets ,a stock and cd’s or are we home free ?This is in Michigan.We made almost a 50% downpayment .

Best answer:

Answer by Steve D
Michigan is a non-recourse state, meaning that in most circumstances, the lender cannot come after you for any difference. Please note the “most circumstances” – in many states, you can sign away your non-recourse rights or non-recourse does not cover second mortgages or re-finances. Your best bet is to get your copy of the original loan documents and book time with a real estate lawyer. He/she can go over the agreement and let you know where you stand. Although it may run you $ 150 for the consult, you are better off knowing where you stand so you can be prepared down the road if the bank does try to come after you.

What do you think? Answer below!

admin on 24 Feb 2012 | Michigan Real Estate | Comments (0)

Canton Michigan Real Estate–BobandTeena

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www.bobandteena.com Search Canton Michigan real estate and homes for sale. Canton Michigan Realtor, buy Canton home, sell Canton home

admin on 31 Jan 2012 | Michigan Real Estate | Comments (0)

How much $ (approx) for a real estate lawyers services (Michigan)?

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Question by somewhat_med: How much $ (approx) for a real estate lawyers services (Michigan)?
We got one quote from a lawyer of $ 450 (flat fee)
He didn’t go in to detail about what all is included…..
What do they generally do other than make sure that the purchase agreement is fair?
Do they have to be a “real estate” lawyer? Would any lawyer work?
Can/will your bank/credit union/mortgage company analize the agreement and make sure all legalities are taken care of for you?

Best answer:

Answer by Pat B
You should spell out what you want or expect from the Real Estate Lawyer. Do you want them to look over the title insurance commitment? Do you want them to look at the legal description of the property and make sure it is correct? Do you want them to look over your mortgage papers? Do you want them to make sure your purchase agreement protects you? Once you know what you want the lawyer to do, you can get a real price. If someone gives you a flat fee, make sure you know everything they are going to do for you!
If you want a lawyer to deal with a real estate transaction, get a lawyer that specializes in real estate law. You wouldn’t want a real estate or probate lawyer to defend you in a murder trial! Real estate law changes all the time – and so does all other kinds of law. Lawyers that specialize in a certain field have the best and most up to date knowledge about that field.
Your bank/creditunion/mortgage company will only do what is right for them – get a lawyer to do what is right for you!

Know better? Leave your own answer in the comments!

admin on 29 Jan 2012 | Michigan Real Estate | Comments (1)

Flip Michigan Foreclosures Faster

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A few nice michigan real estate images I found:

Flip Michigan Foreclosures Faster


Image by REIA-of-Macomb
To be successful in Michigan real estate investing you need to be surrounded with the right people who are focused on helping you do more deals, do them faster, and more profitable. This month at The REIA of Macomb’s Main Event those are exactly the people that you’re going to meet.

Free Michigan real estate investing seminar go to www.REIAofMacomb.com

The Preserve sign


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The Preserve subdivision is located in Dexter Schools, Ann Arbor, mailing, zip code 48103

admin on 25 Jan 2012 | Michigan Real Estate | Comments (0)