FAMILY DODGES FORECLOSURE BULLET

April 8, 2009

SHOULD I SHORT SALE MY LUXURY HOME IN SE MICHIGAN? SELLERS GUIDE:HOW TO SURVIVE THE WORST REAL ESTATE MARKET IN HISTORY

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Great Executive Home in West Bloomfield Michigan

February 5, 2009

6347 Wildwood Ln  West Bloomfield Twp, MI 48324

Visual Tour:  http://www.visualtour.com/applets/flashviewer2/viewer.asp?t=1791695&sk=36
Property Information for 6347 Wildwood Ln.
 

Feels like new! Beautiful spacious colonial, decorated like a model. Custom paint treatments, 9′ ceilings, granite kitchen with large island and eating area. Master BR w/cath. ceilings, sitting area and spa like bath. Each BR has attached bath. Theatre room in lower [...]

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Delinquent Mortgages Set to Nearly Double in 2009

February 5, 2009

The number of consumers with delinquent mortgages is poised to almost double by the end of next year, hitting its highest level in at least 16 years, according to a leading credit bureau.
TransUnion LLC, which analyzed about 27 million consumer records in its database, predicted that the proportion of consumers with mortgages that are 60 [...]

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25 Worst Real Estate Markets For 2009…Predictions..(what do you think)

February 5, 2009

Found this article on Housing Predictor.
The good news is that falling home prices don’t historically keep dropping for a number of years very often. The fall out from the credit crisis is affecting real estate values from coast to coast. There’s no shortage of markets throughout the country that will sustain double-digit declines in [...]

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25 BEST Real Estate Markets For 2009….Do you agree with these predictions?

February 5, 2009

More new info from Housing Predictor.
Two states with reputations for being some of the coldest places in the country dominate the Housing Predictor Top 25 housing markets for 2009. Montana placed all of its five forecast markets on the list, and neighboring North Dakota had 4 markets make the top 25 forecast to have the [...]

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New survey of 300 Crain’s Detroit Business subscribers say they are dissatisfied with Michigan’s economy – What do you think?

November 18, 2008

Check out a recent survey by Crain’s Detroit Business.  There’s definitely some insight we can get from this survey on the future of the Detroit area.
Survey finds pessimism about the present, some hope for the future
By Bill Shea

An overwhelming 96 percent of respondents in a new survey of 300 Crain’s Detroit Business subscribers say they [...]

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Important Updates-New Fannie Mae Guidelines Encourage Short Sales

November 17, 2008

Check out the new Fannie Mae Guidelines that favor Short Sales over foreclosures or other options.
Fannie Mae recently released updated underwriting guidelines for new mortgage loans that directly address individuals with various types of foreclosure history. Potential borrowers with a foreclosure on their credit record must wait 5 years to be considered for new funding, [...]

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Shoppers can get more house for their money across price ranges in South East Michigan and Oakland County

November 14, 2008

Below is an article by the Detroit News that was printed on the first page of the Sunday paper on May 4, 2008.  I sold the buyers this home and helped them lease out their existing home in Warren.  Also, the Detroit News quoted me several times in the article.  Enjoy!
Paul Mychalowych
Keller Williams Realty – [...]

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Bright Spot’s in Michigan’s Real Estate Market

November 14, 2008

This is a recent article in the Detroit News about the MIchigan Housing market.  Amazing.
Paul Mychalowych
Keller Williams Realty
The Detroit Free Press from Michigan. “Two reports released Thursday indicate bright spots in Michigan’s real estate market, but industry experts say we’ve got a way to go before things are normal. Sales continued to boom in foreclosure-laden [...]

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