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Current Selection: All Prices All Types All Locations New Selection Sorted By: Default New Sort
<Back to Page Previous Next Property 62 of 108 Selections
    Sold - HUD home on Island Dr in Clay Twp $22,500  Great Buy!
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Address:   9280 Island Drive    City/ST:   Clay Township, MI   Zip Code:   48001  
Location:   Clay Township   Property Type:   Single Family Home   New or Resale:   Resale   
Square Footage:   839   Bedrooms:   2   Bathrooms:   1  
MLS#   30721143  

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 #261-743917. Uninsured. Bids due by 07-12-09 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.

Last Updated: 10/5/2009 2:31:43 PM

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Real Estate Tips
Financing Your Home >Lenders Want to Say Yes

If you wish to buy a home but consider yourself incapable of getting credit, you may be living in the past in terms of assessing your financial situation. Lenders have become more flexible in underwriting mortgage loans.

A recent survey of mortgage lenders revealed some interesting trends. Ninety-six percent of those surveyed had cut their standard down payment requirements for moderate-income buyers, and 93% said they are more lenient regarding debt-to-income-ratios. Ninety-four percent of those surveyed said they now have more flexible approaches to credit histories, and look at rent and utility payments more than credit cards. Seventy-nine percent of lenders say they have relaxed employment criteria. They now look more at your capacity to generate a stable flow of income rather than requiring a long history at one job.

There are more lenders today, and they are in fierce competition with each other. The home loan industry has created entire markets that cater to those with less-than-perfect credit.

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Real Estate Trivia
Q 
Why is the Terra Amata site in Nice, France famous?

A 
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
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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

The Action Homes Team, your source for HUD homes and Michigan Real Estate, welcomes you. Everything you need regarding buying a first home in Michigan can be found here.

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