By: Kim Russel at WXYZ Detroit Real Estate experts at the national level are asking the question: Is the Detroit Housing market on the brink of a crisis? According to Forbes Magazine, the number of homes underwater in the city of Detroit has increased 1.6 percent over the last … Continued
By: Lydia DePilis at CNN Money There’s a reason why Lee County became the foreclosure capital of the United States. Its two vast bedroom communities, Lehigh Acres and Cape Coral, were planned in the 1950s. Master developers drained the marshlands, laid the streets, dug canals, and plotted out quarter-acre lots so … Continued
JayBuysDetroit is a realty solutions company that offer cash solutions to families in need. We understand the obstacles families face, such as: foreclosure, divorce, bills or you simply need to sell your home fast. No matter the situation, we will assist you. We will provide a hassle free- guaranteed offer and … Continued
From: CBS Detroit Detroit has been ranked as the worst real estate market in the nation in a new WalletHub study. With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher, the personal-finance website WalletHub released its report on … Continued
By: Richard Feloni and Samantha Lee at Business Insider Gilbert moved Quicken Loans, now the largest mortgage company in America, to downtown Detroit in 2010. It was a time when the city was struggling, and was three years shy of declaring bankruptcy. Gilbert grew up right outside of Detroit … Continued
By: Steven Sigel at ReJournals On June 18, hundreds gathered around the Michigan Central Depot, Detroit’s 500,000-square-foot decrepit former central train station. The building has served as a symbol of the city’s various ailments wrapped up in one gigantic piece of real estate: globalization, lack of opportunities, civic mismanagement. Yet, this time the … Continued
You’re trying to sell a Detroit MI house that just won’t sell? And yet – the news says the real estate market is heating up. The media is practically shouting again about multiple offers, high demand, and record-setting prices. So where’s your contract? These tips could be just what you need to help you sell your Detroit … Continued
By: Annalise Frank at Crains Detroit The new owner of a land parcel near Michigan Central Station in Detroit’s Corktown neighborhood plans to build apartments and rehab existing homes. Andrus McDonald of Detroit-based outdoor advertising firm Brooklyn Outdoor sold the land to Patrick Beal, CEO of Detroit Training Center, according to a news release from … Continued
By Robin Runyan at Curbed Detroit To say that the real estate market in Detroit is complicated is a vast understatement. Like the city itself, there are layers upon layers of complexities that might not be so obvious to the average home-buyer. Detroit has a very low percentage of homes bought with mortgages. although that … Continued
By: Annalise Frank at Crains Detroit Some real estate market watchers are looking for clues on the next downturn and some are celebrating as home prices continue to rise on shrinking inventory in metro Detroit. July sales of homes and condominiums in the region are up 6.8 percent over the same month last year, according … Continued
Why lease a home monthly, When you can lease to own? Land Contracts are similar to a mortgage. Rather than paying the bank or lender like you’d normally do with a mortgage; you pay the homeowner. Land Contracts allow you to pay on a home monthly. The difference is you are paying to own the … Continued
Article By: KIRK PINHO at Crains Detroit A more than $300 million mostly residential development by Dan Gilbert is planned for the site of the former Brewster-Douglass housing projects just outside of downtown Detroit. This is the latest incarnation of plans for the property that have been discussed for the past several years as the greater … Continued
If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. The foreclosure notice of default must be sent to anyone who has … Continued
Most first time homeowners usually acquire mortgages without the knowledge of what occurs when they mortgage goes unpaid. With rent prices increasing each year, a mortgage can be cheaper than rent on a monthly basis. But just like rent, your mortgage is meant to be taken care of and neglecting it can result in a … Continued
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