Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!
Archive for October, 2009
Hello world!
October 21, 2009How to Buy a Bank-Owned Home
October 21, 2009
This video was created by/for San Diego Castles Realty http://www.sandiegocastles.com/.
Attention Michigan buyers: this is why you need a buyer’s agent who is experienced with bank owned properties. Contact an agent at Preview Properties.com today! http://www.previewproperties.com or 810-220-0000.
Open House – Sunday, October 25
October 21, 2009
3600 Rose Ann Drive in Brighton, MI (MLS #29007142)
Sunday, October 25, 2009 from 12:00 to 4:00 p.m.
Hosted by Sandy Kretzschmar.
For more information, go to http://www.previewproperties.com/openhouse_listing.cfm
You don’t have to be "poor" to have your home foreclosed
October 20, 2009An interesting blog post on some famous people who have lost their homes to foreclosure…
http://www.brokeragentsocial.com/article/530/foreclosures-of-rich-and-famous-people
CITO Breakfast generated $$$
October 20, 2009Thanks for all your contributions – whether you brought food in or dropped some money in the jar this morning – or both. We now have $125 in the LACASA holiday help a family fund. What a great start!
And for those of you who brought treats in – please provide Nancy Bohlen with a copy of the recipe. We’re working on a Preview Properties.com cookbook to use as a fundraiser and promotional item next year – capitalizing on some of our strengths!
Thursday’s and Friday’s Closings
October 19, 2009
CITO Breakfast/Brunch on Tuesday, 10/20/09
October 19, 2009
Just a reminder – tomorrow we will have a CITO breakfast to benefit our LACASA holiday adopt a family. Bring in food and/or money to contribute to this cause. Thanks!
Michigan Foreclosures Up 22.3% in 3rd Quarter
October 17, 2009Reported in USA Today on Thursday, October 14, and based on RealtyTrac statistics, 37,026 foreclosures were filed in Michigan in the 3rd quarter, an increase to last year of 22.3%. This was similar to the US average of 22.5% increase to last year with 937,840 filings nationwide.
Year over year triple digit increases occurred in the following states: Alabama (+173.9%), Idaho (+153.5%), Minnesota (+100.3%), Mississippi (+241.0%), South Dakota (+205.9%), Vermont (+169.6%), West Virginia (+356.0%) and Wisconsin (105.2%).
And year over year declines occurred in the following states: Delaware, D.C., Indiana, Missouri, Nebraska, New Hampshire, North Carolina, North Dakota, Ohio, Rhode Island, Tennessee and Wyoming.
Mortgage Modification Q & As
October 17, 2009USA Today published the following common questions and answers regarding avoiding foreclosures and modifying mortgages on Thursday, October 15:
Q: Can the federal government’s Making Home Affordable program help if my loan is not owned or guaranteed by Fannie Mae or Freddie Mac?
A: Yes. Program is aimed to help borrowers who are struggling to keep loans current or who are already behind on their mortgage payments.
Q: How do I know if I am eligible for a modification under the federal program?
A: All of the following must apply. You must be the owner-occupant. You must owe less than $729,750 for a one-unit property. You must have a first lien mortgage that was originated on or before January 1, 2009. Your payment, including taxes, insurance and HOA dues must be greater than 31% of your monthly gross income. Your mortgage payment is not affordable due to financial hardship that can be documented.
Q: Do I need to be behind on my mortgage payments to be eligible?
A: No. You are eligible if you are at risk of imminent default. EX: If your mortgage payment will significantly increase.
Q: What services can counselors provide – is there a fee?
A: Services from HUD-approved counselors are free. A list of HUD-approved counselors is available at www.hopenow.com.
For a link to this article, go to http://is.gd/4nUlO.
Monday – Wednesday’s Closings
October 16, 2009
Preview Properties.com's Blog 