If your in the market for a HUD home now is the time to act 

The following HUD Owner Occupant sales incentives will expire as of February 12, 2010:

1. FHA $100 Down Sales Incentive

2. $2,500 Owner Occupant Sales Incentive (For properties with a purchase price of $25,000 or greater)

The incentives will be eligible on all owner occupant sales with a bid acceptance date on or before 2/12/2010.  All owner occupant bids accepted after 2/12/2010 will not be eligible for the any of the incentives above.

Call or e-mail for a free list of HUD homes

The City of Warren, Michigan is offering up to $28,000 through the Neighborhood Stabilization Program (NSP) to provide downpayment and rehabilitation assistance (DRA program) to home buyers purchasing and repairing vacant bank owned homes to occupy as their primary residence, and this is on top of the first time homebuyer credit. There are about 20 spots left for homebuyers. If you are considering purchasing a home in Warren and not presently working with a Real Estate Agent contact us ASAP before the spots are filled. The assistance is forgiven after 15 years in the home. Some geographical limitations apply and the income limits are
Household Size                        Maximum Household Income
1                                             $59,640
2                                            $68,160
3                                            $76,680
4                                            $85,200
5                                            $92,040
6                                            $98,880
7                                            $105,600
8                                            $112,440

Jefferson Chalmers, Detroit  -  The single story at 14530 Scripps has been sold.

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• 600 sq. ft., 1 bath, 2 bdrm single story - MLS® $30,000 USD - Water Front!

Motor Boat Plats, Detroit  -  Water front Only $30,000!!! Awesome wide deep canal, straight out to Lake Saint Clair or the Detroit River, cut out boat well with hoist. Needs some TLC, but what a deal on this waterfront home. Bank owned sold as-is. See this one before it's gone!

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FOR IMMEDIATE RELEASE:

Bob Mitchell Earns NAR Short Sales and Foreclosure Certification

Buyers and Sellers Benefit from REALTOR^® Expertise in Distressed Sales

Metro Detroit, Michigan 11/18/2009 — Bob Mitchell with Real Estate One has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS^® offers the SFR certification to REALTORS^® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures.  For many real estate professionals, short sales and foreclosures are the new “traditional” transaction.  REALTORS^® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and foreclosure opportunities.

“As leading advocates for homeownership, REALTORS^® believe that any family that loses its home to foreclosure is one family too many, but unfortunately, there are situations in which people just cannot afford to keep their homes, and a foreclosure or a short sale results,” said 2009 NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Foreclosures and short sales can offer opportunities for home buyers and benefit the larger community, as well, but it’s extremely important to have the help of a real estate professional like a REALTOR^® who has earned the SFR certification for these kinds of purchases.”

The certification program includes training on how to qualify sellers for short sales, negotiate with lenders, protect buyers, and limit risk, and provides resources to help REALTORS^® stay current on national and state-specific information as the market for these distressed properties evolves. To earn the SFR certification, REALTORS^Ò are required to take one core course and three Webinars.  For more information about the SFR certification, visit www.REALTORSFR.org or call 1-877-510-7855.

Murdick Beach, New Baltimore  -  The 3 story at 38192 Murdick has been sold.

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A P ELLIS SUPER-HWY, Centerline  -  Announcing a price reduction on 8136 Mckinley, a 1,500 sq. ft., 2 bath, 3 bdrm 1 3/4 story. Now MLS® $120,000 USD - Move in ready!.

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A P ELLIS SUPER-HGWY 01, Centerline  -  We invite everyone to visit our open house at 8136 Mckinley on September 17 from 3:00 AM to 6:00 AM.

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• 1,500 sq. ft., 2 bath, 3 bdrm 1 3/4 story - MLS® $125,000 USD - Move in ready!

A P ELLIS SUPER-HGWY 01, Centerline  -  This home is a 10! Move in ready, not a bank owned wreck! Classic brick Tudor with beautiful leaded glass windows on the front of the home for looks, and updated vinyl windows for efficiency. Fireplace in living room. Partial list of updates include- sharp custom kitchen with granite counters, bathrooms, roof, windows, breakers, and C/A! Over sized garage, and large deck in backyard. Convenient access to freeways; on one of Centerlines most desirable streets.

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• 1,161 sq. ft., 1 bath, 3 bdrm single story - MLS® $50,000 USD - Not a Bank Owned Wreck!

Maschmeyer #4, Roseville  -  Sharp 20X10 family room with skylights, roof, and garage all within the last 10 years. Newer furnace, cement, and electrical. Well cared for ranch home on an extra large lot. Not a Bank Owned Wreck. See this one today!

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Lake Saint Clair Bank Owned!

• 3,801 sq. ft., 4 bath, 5 bdrm 3 story - MLS® $305,000 USD - Less than $81 per sq. ft.

Murdick Beach, New Baltimore  -  Awesome lake front home on Lake Saint Clair at canal front pricing. 1.2 acres of park like setting, 100 foot deck on the lake, cabana with fireplace, Pewabic tile fountain in family room, and leaded glass windows and doors. Needs some work, but at less than $81 per square foot this home will go quick. Bank owned sold as-is. Million dollar lake views. See this one today!

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As part of the SmartBuy purchase program,
HomeSteps is offering:

• Comprehensive two-year Home Protect® Home Warranty**
• Home Protect** Appliance Discount (up to 30% savings on name brand appliances)
• Up to a 3.5% Buyer’s Closing Cost offer (must be submitted upon initial offer)

Nice additions that will come in handy for buyers of Freddie Mac properties. Call Bob Mitchell to find the perfect home.

Bloomfield Village South, Bloomfield Township  -  The single story at 370 South Cranbrook Cross has been sold.

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4 bedroom brick cape cod.

• 1,600 sq. ft., 2 bath, 4 bdrm 1 1/2 story - MLS® $120,000 USD - Bargain Priced!

Beach Lawn Subdivision, Warren  -  Attention GM Tech Center and TACOM employees, close to work! Great north Warren 4 bedroom brick home, Warren Con blue ribbon schools. Hardwood floors on both levels. Oversized 1.5 car garage with a 2 car garage door. New furnace. This privately owned home is priced with the bank owned homes, and just needs some cosmetics.

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Bloomfield Village South, Bloomfield Township  -  Announcing a price reduction on 370 South Cranbrook Cross, a 2,200 sq. ft., 2 bath, 3 bdrm single story "Ranch". Now MLS® $185,000 USD - Under Market Value.

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