Bank offers mortgage relief
March 27, 2010 by admin · Leave a Comment
Plan is part of Countrywide settlement
BY IEVA M. AUGSTUMS
ASSOCIATED PRESS
CHARLOTTE, N.C. — Bank of America is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure.
The bank, the largest mortgage servicer in the country, said Wednesday it will forgive up to 30% of some customers’ total mortgage [...]
U.S. to increase housing loans
$14 billion to help jobless owners refinance via FHA
BY GRETA GUEST
FREE PRESS BUSINESS WRITER
The Obama administration said Friday that it would widen the reach of its home loan modification program, which could help thousands of unemployed and underwater Michigan homeowners.
The Home Affordable Modification Program, criticized for its slow pace and low number [...]
In One Home, a Mighty City’s Rise and Fall
By MICHAEL M. PHILLIPS
DETROIT — On a grassy lot on a quiet block on a graceful boulevard stands the answer to a perplexing question: Why does the typical house in Detroit sell for $7,100?
The brick-and-stucco home at 1626 W. Boston Blvd. has watched almost a century of Detroit’s ups and downs, through industrial brilliance and [...]
$1 Houses Video
September 7, 2009 by admin · Leave a Comment
Here is a video we shot of one of the “war zone’ neighborhoods. These are those $1 houses everyone has been talking about in the news!!
Call us at 248.802.4200 if you are in the market for serious real estate investments.
Home Foreclosure Prices Now Starting at One Dollar
March 29, 2009 by admin · Leave a Comment
Everyone is talking about the $1 home in Detroit, but is it really worth it?
Now is the time to buy a home. Banks are giving homes away, right now. If you go to www.realtor.com, the official website of the National Association of Realtors, you can search for homes listed for sale with Realtors, and in [...]
$86 million film studio planned for former MGM Grand casino
March 29, 2009 by admin · Leave a Comment
The vacant Detroit building formerly used as MGM Grand’s temporary casino will be transformed this year into an $86 million Hollywood-style digital animation and visual effects studio directly employing more than 400 people.
The Detroit Center Studios is a partnership between Wonderstruck Studios L.L.C. owned by film and video game deal-maker Michele Richards, a Detroit native, [...]
End of US Housing Slump Likely to Be Long, Painful
March 29, 2009 by admin · Leave a Comment
Like spring flowers, the “For Sale” signs are sprouting in front yards all over the country. But anxious sellers are facing the most brutal environment in decades, with a slumping economy, falling home prices and rising mortgage foreclosures.
And even the faint promise of better days ahead might not come true, given all the headwinds the [...]
Home Prices Continue Sharp Descent
May 26, 2008 by admin · Leave a Comment
Yes thats right; housing prices continue to slump, but when will they begin climbing back up? Grab what you can while you can because prices like these will not last forever!
Full Article
Home Prices Continue Sharp Descent
By Les Christie, CNNMoney.com staff writer
Last Updated: May 14, 2008: 3:10 PM EDT
NEW YORK (CNNMoney.com) — Single-family home prices [...]
Metro Detroit home sales rise in April
May 6, 2008 by admin · Leave a Comment
Simple economics in the city of Detroit, as the price goes down demand goes up. We are experiencing this trend with a staggering 71.32% increase in sales (year over year) for the city of Detroit.
Full article
Nathan Hurst / The Detroit News
Sales of Metro Detroit homes were up 19.71 percent in April over the same month [...]
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