Zillow Advice RSS: Question-Discussion-Guide,Buying a Foreclosure,Detroit- MI http://www.zillow.com/advice/Detroit-MI/home-buying-buying-a-foreclosure/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Investing in Detroit Real Estate http://www.zillow.com/advice-thread/Investing-in-Detroit-Real-Estate/511940/ I'm an experience Real Estate investor in Seattle, but I am looking to invest in properties in the Detroit area close to downtown. I am not familiar with the market at all, but I am very intrigued and interested in purchasing lots or purchasing rentable SFR/multifamily.&nbsp;<br/><br/>I have only bought directly from owners using my own contract either cash out or deed of trust. I would prefer to work with an agent who is very knowledge about foreclosures/bank owned/short sales/etc. as I have never purchased one that way.<br/><br/>Any suggestions on how to proceed to buy real estate in Detroit? Thanks.<br \><br \>12 replies Thu, 19 Sep 2013 03:12:00 GMT http://www.zillow.com/advice-thread/Investing-in-Detroit-Real-Estate/511940/ 2013-09-19T03:12:00Z I want to buy some cheap houses in Detroit, how do I do it? http://www.zillow.com/advice-thread/I-want-to-buy-some-cheap-houses-in-Detroit-how-do-I-do-it/524106/ I have tried contacting realtors on Zillow but have had no reply.<br \><br \>9 replies Sat, 11 Jan 2014 18:19:00 GMT http://www.zillow.com/advice-thread/I-want-to-buy-some-cheap-houses-in-Detroit-how-do-I-do-it/524106/ 2014-01-11T18:19:00Z Buy 3 Houses http://www.zillow.com/advice-thread/Buy-3-Houses/528503/ <p align="right">My name is Yvonne Crockett and myself and two of my daughter's would like to buy a nice home by the middle of march. I see some home owners are selling there homes from $1.000 to !0.000. I would like to talk someone who can give me some details or advice about these homes.<br/><br/>Thank You<br/>Yvonne Crockett<br/>(313)&nbsp;-915-6061</p><br \><br \>2 replies Fri, 14 Feb 2014 21:19:00 GMT http://www.zillow.com/advice-thread/Buy-3-Houses/528503/ 2014-02-14T21:19:00Z (Moved): do you guys have any programs for people with low credit scores, such as 530 http://www.zillow.com/advice-thread/Moved-do-you-guys-have-any-programs-for-people-with-low-credit-scores-such-as-530/530432/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/do-you-guys-have-any-programs-for-people-with-low-credit-scores-such-as-530/530428/">http://www.zillow.com/advice-thread/do-you-guys-have-any-programs-for-people-with-low-credit-scores-such-as-530/530428/</a><br \><br \>0 replies Sat, 01 Mar 2014 02:08:00 GMT http://www.zillow.com/advice-thread/Moved-do-you-guys-have-any-programs-for-people-with-low-credit-scores-such-as-530/530432/ 2014-03-01T02:08:00Z does anyone have any info on 17196 Fairway Drive? http://www.zillow.com/advice-thread/does-anyone-have-any-info-on-17196-Fairway-Drive/527481/ 1 reply Fri, 07 Feb 2014 03:21:00 GMT http://www.zillow.com/advice-thread/does-anyone-have-any-info-on-17196-Fairway-Drive/527481/ 2014-02-07T03:21:00Z (Moved): What can I do to get more (or better) quotes for my loan request ZR-DGCYTYX? http://www.zillow.com/advice-thread/Moved-What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-DGCYTYX/509169/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-DGCYTYX/509168/">http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-DGCYTYX/509168/</a><br \><br \>0 replies Thu, 29 Aug 2013 17:32:00 GMT http://www.zillow.com/advice-thread/Moved-What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-DGCYTYX/509169/ 2013-08-29T17:32:00Z What kind of fees should I expect at closing? Im paying cash and buying from the owner. http://www.zillow.com/advice-thread/What-kind-of-fees-should-I-expect-at-closing-Im-paying-cash-and-buying-from-the-owner/508259/ 2 replies Fri, 23 Aug 2013 16:03:00 GMT http://www.zillow.com/advice-thread/What-kind-of-fees-should-I-expect-at-closing-Im-paying-cash-and-buying-from-the-owner/508259/ 2013-08-23T16:03:00Z is the electical wiring and plumbing included and what is the avg cost for a bungalow 13026 sq Ft. ? http://www.zillow.com/advice-thread/is-the-electical-wiring-and-plumbing-included-and-what-is-the-avg-cost-for-a-bungalow-13026-sq-Ft/481009/ This is a Hud property and when I last checked inside the property the furnanced looked like it was damaged. the report said it was electrical and plumbing damage due to vandalism.. Is it advisable to look for a property that has the furnace and hot water tank in tack before calling in an inspector? to save on money.<br \><br \>1 reply Sat, 02 Mar 2013 17:10:00 GMT http://www.zillow.com/advice-thread/is-the-electical-wiring-and-plumbing-included-and-what-is-the-avg-cost-for-a-bungalow-13026-sq-Ft/481009/ 2013-03-02T17:10:00Z What can I do to get more (or better) quotes for my loan request ZR-WCWFSXS? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WCWFSXS/472996/ 2 replies Thu, 03 Jan 2013 17:00:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-WCWFSXS/472996/ 2013-01-03T17:00:00Z what is a covenent deed? i am buying a bank foreclosed house at the closing what type of deed shoul http://www.zillow.com/advice-thread/what-is-a-covenent-deed-i-am-buying-a-bank-foreclosed-house-at-the-closing-what-type-of-deed-shoul/465764/ 2 replies Thu, 25 Oct 2012 15:38:00 GMT http://www.zillow.com/advice-thread/what-is-a-covenent-deed-i-am-buying-a-bank-foreclosed-house-at-the-closing-what-type-of-deed-shoul/465764/ 2012-10-25T15:38:00Z what is a covenent deed ? what type do i get a closing? http://www.zillow.com/advice-thread/what-is-a-covenent-deed-what-type-do-i-get-a-closing/465766/ what is a covenent deed ? i an buyiny a bank foreclosed house in detroit mi what type of deed should i receive at closing?<br \><br \>4 replies Thu, 25 Oct 2012 15:44:00 GMT http://www.zillow.com/advice-thread/what-is-a-covenent-deed-what-type-do-i-get-a-closing/465766/ 2012-10-25T15:44:00Z Are there any city orders on the property at 15760 Wisconsin st., Detroit and what are they? http://www.zillow.com/advice-thread/Are-there-any-city-orders-on-the-property-at-15760-Wisconsin-st-Detroit-and-what-are-they/454238/ 0 replies Mon, 06 Aug 2012 05:43:00 GMT http://www.zillow.com/advice-thread/Are-there-any-city-orders-on-the-property-at-15760-Wisconsin-st-Detroit-and-what-are-they/454238/ 2012-08-06T05:43:00Z coming soon. http://www.zillow.com/advice-thread/coming-soon/432127/ what does this mean on the homepath site? &nbsp;Can it be sold before it is listed? &nbsp;I have found a home that is shown as coming soon, and I am very interested in it. &nbsp;What is the best way to proceed. &nbsp;Thanks<br \><br \>6 replies Fri, 17 Feb 2012 00:06:00 GMT http://www.zillow.com/advice-thread/coming-soon/432127/ 2012-02-17T00:06:00Z who is the current owner of this property? http://www.zillow.com/advice-thread/who-is-the-current-owner-of-this-property/387323/ 4 replies Thu, 17 Feb 2011 20:01:00 GMT http://www.zillow.com/advice-thread/who-is-the-current-owner-of-this-property/387323/ 2011-02-17T20:01:00Z i would like to do a legal contract for a reo,or forclosure bank property,with atleast a quit clam d http://www.zillow.com/advice-thread/i-would-like-to-do-a-legal-contract-for-a-reo-or-forclosure-bank-property-with-atleast-a-quit-clam-d/378372/ i want to finance ,with a legal contract for a 3or 4 bedroom house,with 100.00 down and 100.00 a month quit claim deed,would prefer flint michigan,or indiana,but will also take a property in detroit.please contact me also at <a href="mailto:du4ke@yahoo.com.my" rel="nofollow">du4ke@yahoo.com.my</a> name is jesse williams<br \><br \>3 replies Tue, 21 Dec 2010 20:22:00 GMT http://www.zillow.com/advice-thread/i-would-like-to-do-a-legal-contract-for-a-reo-or-forclosure-bank-property-with-atleast-a-quit-clam-d/378372/ 2010-12-21T20:22:00Z Investing for the first time http://www.zillow.com/advice-thread/Investing-for-the-first-time/375086/ Thinking about purchasing a home with great value for rental income?&nbsp; Find a stable area where the value of property has&nbsp;dropped but not quite as much as the overall market.&nbsp; This area will likely be a great rental area and will provide a good return on your invested dollar prior to re-selling the home.&nbsp; Determine what a property will rent for, take into account the monthly tax amount, rehab amount and the number of years you plan to keep the property for rental income.&nbsp; Once you have close to your initial; investment returned to your account, re list the home for sale.&nbsp; Try and focus on a property you can get most of your initial investment back in 5 years or less.<br \><br \>2 replies Tue, 16 Nov 2010 04:24:00 GMT http://www.zillow.com/advice-thread/Investing-for-the-first-time/375086/ 2010-11-16T04:24:00Z Unethical Sale of a Foreclosed Home??? http://www.zillow.com/advice-thread/Unethical-Sale-of-a-Foreclosed-Home/371326/ I'm a first time homebuyer and not positive on the process of purchasing but feel that I was just screwed out of a sale.<br/><br/>The first realtor I was working with when I made an offer on a home informed me that my offer went in on a Monday and if anyone else made an offer that day then it would turn into a highest/best bid war.&nbsp; She told me that if someone made on offer on Tuesday the bank wouldn't know what the offer is until they finish wheelin and dealin with me.&nbsp; I was basically told they would have to negotiate, accept or deny my offer and if they denied it, then they could go to the next offer available.<br/><br/>Now the second realtor I was working with explained it a little differently.&nbsp; She basically told me that anyone can put an offer in at anytime and the bank can make me wait for an answer in hopes that a better offer comes along.<br/><br/>So I made an offer on a home, my offer was the only one put in that day.&nbsp; However, several days later I still hadn't heard from the bank and someone else put in an offer so they came back and gave us both 24 hours for highest and best offer.&nbsp; Well turns out my offer was highest and best but they wanted to continue negotiating with me so they counter offered my highest best offer.&nbsp; I counter offered once more waiting 3 weeks for a response to only find out that after I had the highest and best offer, they continued negotiating with the other party as well, ultimately selling them the home.&nbsp; I wasn't even aware that there was competition so to speak because I was informed I had the highest and best offer and negotiations would now be just between myself and the bank.<br/><br/>And just to keep in mind, this was in regards to a foreclosed home, it was not a short sale.<br/><br/>I'm sorry this is so long, but if someone could please clarify the process and if I have any legal rights in this situation I would greatly appreciate it.<br \><br \>7 replies Thu, 14 Oct 2010 22:12:00 GMT http://www.zillow.com/advice-thread/Unethical-Sale-of-a-Foreclosed-Home/371326/ 2010-10-14T22:12:00Z How to get foreclosures? http://www.zillow.com/advice-thread/How-to-get-foreclosures/363678/ I am looking for properties on zillow, and many of them are foreclosures and are provided by foreclosure.com. I don't want to subscribe to foreclosure.com and my real estate agent says that those properties aren't on the market yet.<br/>What can I do?<br \><br \>5 replies Wed, 25 Aug 2010 14:26:00 GMT http://www.zillow.com/advice-thread/How-to-get-foreclosures/363678/ 2010-08-25T14:26:00Z Hi, im looking for a Real Estate Aget... http://www.zillow.com/advice-thread/Hi-im-looking-for-a-Real-Estate-Aget/355744/ I want to buy a foreclosured proprety in Detroit Area, MI, so i need a person who is familiar with this type of transactions... Thanks to all...<br \><br \>6 replies Tue, 29 Jun 2010 19:18:00 GMT http://www.zillow.com/advice-thread/Hi-im-looking-for-a-Real-Estate-Aget/355744/ 2010-06-29T19:18:00Z what are the taxes for 20022 conley detroit, mi 48234? http://www.zillow.com/advice-thread/what-are-the-taxes-for-20022-conley-detroit-mi-48234/226107/ 0 replies Tue, 21 Apr 2009 01:56:00 GMT http://www.zillow.com/advice-thread/what-are-the-taxes-for-20022-conley-detroit-mi-48234/226107/ 2009-04-21T01:56:00Z