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Archive of posts tagged detroit property
Free foreclosure list – 10/29
The trickiness of investing in Detroit real estate
This recent Reuters article exemplifies several attractions and pitfalls of investing in foreclosed properties in Detroit.
Take this for example
Wallace, 27, said he did not want to leave his fiancee and two children with a mortgage before shipping out to Iraq later this year.
“I still have student loans and I’m trying to be responsible. I don’t [...]
Not all Detroit Foreclosures are in Detroit
Hazel Park, Eastpointe and Pontiac all had higher rates than Detroit, according to a Free Press analysis of metro area foreclosures over the past 3 1/2 years.
Read the rest of the story in the Detroit Free Press
Don’t Believe All the Hype About Detroit
The Detroit real estate market and Detroit foreclosures and the is in many places in the news, all around the world. But just because you see something in print on Web, of course, doesn’t mean it’s true. Question the source. I read this article on The Denver Website (yes Colorado) about Detroit foreclosures. What do [...]
Not Everyone Hates Detroit
Beautiful photo mosaic, click to see
I Will Stay If…
Restoring Heritage and Historic Homes
Detroit was founded in 1701, over 3 centuries ago. Naturally, we are bound to have older homes. And some would be categorized as “historic” or “heritage” because of their age and/or architectural significance or association with historic figures or events. Heritage, or historic, property in Detroit can be a unique real estate investment.
Heritage properties suffered [...]
Tax Credits for Historic Property in Detroit
Detroit property that meet a certain criteria in age and/or importance are eligible for tax credits that make investing in these properties even easier.
At the federal level, you can apply for a Federal Rehabilitation Tax Credit of up to 20 per cent of a restoration. If your property has not been certified, you can apply [...]
Top 5 Foreclosure Markets in the US
And I work with 2 of these markets! Detroit is on the list. Check it out…
Top 5 Foreclosure Markets in the US
Just because it’s foreclosed, doesn’t mean it’s unoccupied.
Freep has an interesting story about how one can still be in their home even when it’s being foreclosed.
For starters, you don’t have to move right away. And if you work out a payment arrangement with your lender, there’s still a chance you can stay in your home.
Helpful information for those in trouble. Good information [...]
Renovation Tax Credit in Sherwood Forest area of Detroit
Did you know that Sherwood Forest is recognized by the state of Michigan as a local historic district? Historic designation helps preserve the character of our neighborhood and the value of our homes for generations to come. It also means certain restrictions on renovation projects, in order to maintain this distinctive character.
Sherwood Forest has been [...]
Free foreclosure list – 11/01
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