Q. My lender has started foreclosure proceedings. What should I do? A. Immediately contact an attorney and/or a MSHDA approved foreclosure prevention counselor in your county. Click on the following link for information on foreclosure prevention counselors. http://www.mshda.info/counseling_search/. Many Michigan counties also have lawyer referral services that can assist you in finding an attorney. The … More Lender started foreclosure … What should I do?
Homeowners who are selling their homes, but moved into another home elsewhere in the State, get to have two principal resident exemptions. …the St of MI Act provides that an owner may retain an exemption for up to 3 tax years on property previously exempt as principal residence if that property: • is not occupied; … More Two Simultaneous Principal Residence Exemptions
Four piles ! – that’s the bottom line. Toss it. Donate it. Sell it. Keep, organize and store it. If a seller wants to get the same prince the neighbors got for their property, then I have expectations for them too ! Read the entire list with a caveat, e.g., I’d put kitchen bath rehab … More DIY’s for profit ( but not necessarily fun )
There are some good articles and checklists on why owning a home, moving, or large home vs a smaller one is more expensive. Based on many factors I typically discuss w/ a buyer/seller up front, I agree on most points – based on planned usage, time you plan to stay there and many other factors. … More Moving up: Whats that big dream house cost in time and money ?
Before I rehabbed my first investment property back in my college days, I read and reread 2 books by the investing couple Sam and Mary Weir, e.g.: How We Made A Million Dollars Recycling Great Old Houses. I remember taking a trip east to look up these addresses and see if it was all real … More Better than “house hunters”
I have my own pre-listing checklist I provide as part of your marketing package to use before putting you’re home live on the MLS or a sign in the yard. But here is a good related article from the “again, curb appeal brings intrigue, but people like clean homes, especially in eating and grooming areas”. … More Big Turnoffs When Touring a Home
I tend to look at properties from a “multi-use” perspective. I might say to a prospective buyer client “will you ever work from home ?…have customers stop by ?…. want rent out part for future/retirement income stream ?… have retired parent(s) live with you ?… have a business & residence at the same location ? … More Adaptive reuse / flexible use
When I first started investing in home This Old House was popular, oil was going to run out, and Mother Earth News was all the rage. How I Made a Million Dollar Recycling Great Old Homes was my favorite book, so much so I actually took a trip the east coast to drive by most … More Hidden Problems in Older Properties