Mt. Clemens, MI--Michigan's Premier Investment Property Buyers (http://www.MichiganIncomeProperties.com are delivering real estate investors homes with mega equity. Due to strong relationships with local banks, Michigan Income Properties is able to offer Michigan real estate investors homes at less than 50 cents on the dollar.
"I can buy houses from Michigan Income Properties for thousands of dollars less than what the banks are letting them go for" says Robert Eloot, a Michigan real estate investor and current client of the company.
Tuesday, March 25, 2008
Monday, March 17, 2008
Now is the opportunity to buy a home
As a real estate agent in the lakes country area, which includes the communities of Detroit Lakes, Lake Park, Audubon, Pelican Rapids, Hawley, Mahnomen, Park Rapids and points in between, I’m struck by the apprehension about buying a home in today’s market.
The truth of the matter is that there has never been a better time to buy when we consider the unique forces at play. Interest rates are near 40 year lows, prices have moderated, and the number of homes on the market is greater than it has been in years.
The truth of the matter is that there has never been a better time to buy when we consider the unique forces at play. Interest rates are near 40 year lows, prices have moderated, and the number of homes on the market is greater than it has been in years.
Monday, March 10, 2008
Profiting from problems of others
Last year, Detroit led the United States in foreclosures, with close to 5 percent of its households entering some stage of foreclosure, according to RealtyTrac, an online marketplace for foreclosure listings.
That number was nearly five times the national average, and almost double the number of foreclosures in Detroit in 2006.
But every cloud has a silver lining. Just ask Ralph R. Roberts, a top real estate agent in Detroit who says he has personally bought and sold more than 2,000 foreclosed properties during his career.
"This could be a great time to buy a home - if you have the resources," he said.
Roberts, who is the author of Foreclosure Investing for Dummies and Flipping Houses for Dummies, said in a recent interview that he believes that more than 6 million families are in distress nationwide.
"Maybe 1 or 2 million are behind in their mortgages, and more have received their foreclosure notice," he said. "But 2 million families will lose their homes this year."
That number was nearly five times the national average, and almost double the number of foreclosures in Detroit in 2006.
But every cloud has a silver lining. Just ask Ralph R. Roberts, a top real estate agent in Detroit who says he has personally bought and sold more than 2,000 foreclosed properties during his career.
"This could be a great time to buy a home - if you have the resources," he said.
Roberts, who is the author of Foreclosure Investing for Dummies and Flipping Houses for Dummies, said in a recent interview that he believes that more than 6 million families are in distress nationwide.
"Maybe 1 or 2 million are behind in their mortgages, and more have received their foreclosure notice," he said. "But 2 million families will lose their homes this year."
Monday, March 3, 2008
From the Ashes of the Detroit Housing Market
Detroit, MI – In the Detroit market is now possible to stop making house payment and/or stop paying rent and yet enjoy the pride of home ownership independent of credit score. The depressed Michigan housing market allows investors to buy bank owned properties for les than 20 cents on the dollar. These properties can be re-habbed, HUD-appraised and purchased by a senior, who is 62 or older and approved for a reversed mortgage. This senior can now be a proud home owner without ever having to make house payments again! The investors are willing to help the seniors by providing a private mortgage or land contract on the home while the reverse mortgage is obtained.
What is a reverse mortgage? A reverse mortgage lets an owner convert home equity into cash. However, unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower no longer uses the home as a primary residence.
What is a reverse mortgage? A reverse mortgage lets an owner convert home equity into cash. However, unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower no longer uses the home as a primary residence.
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