Detroit State Among Highest in Nation for Foreclosures

Crain's Detroit Business: "Michigan and metro Detroit are among the hardest-hit areas of the country for residential foreclosures this year.
The region has both a steady stream of new foreclosures and a growing inventory of foreclosed homes that haven't sold. As of October, the number of active foreclosures stands at 7,607 statewide, an increase of 44 percent from a year ago. Metro Detroit's foreclosures represent more than half that."
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Closing but house is not finished

Agents Online Real Estate Idea Center: Closing but house is not finished: "I'm closing my current home and closing a new home that we had built this Thursday. The new home still has a lot of work and I doubt it will be completely finished before we close. My question is how to with-hold funds at closing until the builder completes everything. Does this need to be disclosed before closing? Will I need a real estate lawyer to do this or can I notify the mortage company lawyer? "
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REO Listings

Agents Online Real Estate Idea Center: REO Listings: "So, do most of you feel that it is worth the investment to spend the $'s joining the REO companies to get the REO listings? If so, which ones are best? I've been rereading old posts, now I'd like your current opinion"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Collecting rents - What we do. . .

Collecting rents - What we do. . .: "I was very surprised to see a couple people leaning toward the idea that you need a gun to collect rents if you own a rental property. I just wanted to offer a bit of insight as to what we do as far as collecting our rents (12 unit bldg).

First of all our building is in an OK neighborhood. Not perfect, but at the same time a mother can push her child in a stroller down the street and feel fine. From day one we met with each tenant and gave them our P.O. Box address and six months worth of addressed / stamped envelopes for the payment of their rent. Without exception everyone transitioned "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

buying a house with tenant in it

buying a house with tenant in it: "can anyone give me advice on the best way to sent a letter to current tenant after i buy the house do anyon e have sample letter if so "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

The Real Estate Boom ? How Long Will It Last?

The Real Estate Boom ? How Long Will It Last?: "There is a lot of fear about the real estate industry. Media reports suggest that the real estate industry is a bubble that is about to burst. But how true is this? Below are two facts that suggest there is no real estate bubble.
Fact No. 1
The real estate economy is local, not global
Unlike the stock market, which is based on the national and world economy, the real estate market is very much a locally-based economy. What does this mean? This means that while the stock market is influenced by economic rise and fall of industry all over the nation, the real estate market is not. Real estate prices in California may not influence prices in New York, and that's that. In real estate, a broad analysis of what is happening around the nation does not always reflect what is happening in your home town."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Five Easy Steps To Making Home Buying Fun

Five Easy Steps To Making Home Buying Fun: "Having fun and purchasing a home are two phrases that are rarely used in the same sentence. Buying a home is a major investment, and the process of securing a mortgage and negotiating a price is complicated. Most buyers are unaware of the confusing steps that are involved, but don't worry.
We can make it less stressful!
Buyers are intimidated by the various dimensions that make purchasing a home troublesome ? the legal aspects, the financial aspects, dealing with brokers, agents, insurance, and others purchase concerns."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.