Hard Money Loans

Michigan foreclosures have pressed down real estate values in Metro Detroit for over 4 years in a row. The silver lining to these skidding values is that investors now recognize that prices for investment properties have never been more attractive.

So why aren’t more people snatching up houses at rock bottom prices like a kid on a Toys R Us shopping spree?

Well when they take the next steps to transforming this dream into reality they find out that most mortgage lenders currently will not allow you to have more than 4 mortgages to your name if you are applying for another. When translated, this means that you can only have 3 additional mortgages on your credit report if you have one on your primary residence. read more…

From Ontonagon and Marquette, to Traverse City, Dearborn, and Adrian, Michigan foreclosures can give you the opportunity of a lifetime. Foreclosures in Michigan number in the thousands, presenting you with the advantage of getting a terrific property to use as rental property at such an affordable price that you won?t be able to pass it up.

Online offerings

The web site, foreclosure, can help you find information specific to Michigan properties, free with a seven-day trial. After that time, you will need to subscribe to the site to continue to have access to the compilation of data they have gathered there. This web site gives information on pre-foreclosures, Sheriff’s sales, and bankuptcies as well. read more…