Listing Details: Harrison Township, St. Clair and Macomb, Michigan Real Estate Listings & Homes For Sale Provided by Holly Peters

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Sale Pending - HUD Home on 522 Edward

$24,500 Great buy!

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Address: 522 Edward Street	City/ST: Algonac, MI	Zip Code: 48001
Location: Algonac	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1258	Bedrooms: 3	Bathrooms: 1
MLS# 30732274

HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail & Owner Occupant Incentives see Website in Agent Remarks*. FHA Case #261-704809. Insured w Escrow repairs $330. Bids due by 11-29-09 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Property appraised 6/11/09 and valued at $31,000.

Last Updated: 11/25/2009 7:16:56 PM

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Closing or Settlement >Estimated Closing Costs

There is a federal law that requires mortgage lenders to give prospective buyers an itemized, "good-faith" estimate of their closing costs. Sometimes buyers arrive at the closing with this document in hand and proceed to question each item on the final closing statement that does not match the estimate exactly.

These "good-faith" estimates are just that--estimates. The lender's charges will be fairly accurate, but the charges for attorneys, termite inspections, title insurance, and other items that appear on the closing sheet may vary from the estimate. Some pro-rated items, such as taxes or homeowner's association fees, will also be different if you don't close on the date that was used to calculate the estimate. The purpose of the disclosure law is to give you a ball park figure of your closing costs. But the estimate you are given won't be to the penny--probably not even to the dollar!

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Q	What criteria determines the hottest real estate markets?
A	Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale.
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Holly Peters, REALTOR�, real estate agent and broker for Harrison Township, St. Clair and Macomb, Michigan home listings, property and land for sale - NUMBER1EXPERT

Holly Peters
Keller Williams Macomb St. Clair Market
31525 23 Mile Rd.
Chesterfield, MI 48047
Holly's Cell : 810-300-4015
Office: 586-949-0200
Fax: 586-949-0211
hollypeters@NUMBER1EXPERT.com
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