You Must see inside!!! This Cute Super Starter is just minutes from downtown Grand Rapids, MI and a short walk to the Grand River & Veterans Park…
It’s definitely ready for savvy buyers who want to take advantage of the $6,500 to $8,500 Tax Credit!
No Short Sale hassle here…
Purchase & move forward quickly. You’ve still got until April 30,2010 to take advantage of the Home Buyer Tax Credit. As you walk into this newly remodeled home, you feel right at home. There are Hardwood floors in living room and dining room. On the second floor is a spacious bonus room leading to a large Master Bedroom. A large Bonus room leading to the Master can serve as a nursery, a great office or sitting room. There’s also an additional storage room.
A New fence in backyard was put up in 2009. The current owners created a cute playground area, but the yard has many possibilities.
Now, if you’ve been wondering what this home looks like on the INSIDE…Click on this Link and take a tour! Then contact Audu Real Estate at 616-791-0511 to see it for yourself!
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As home prices have decline precipitously over the past couple of years, many homeowners have discovered that the price that their home can sell for in the local real estate market may be far less than what is owed on the mortgage. When a home is Sold under these conditions, the transaction is referred to as a Short Sale.
One question which is on some folks’ minds is whether continuing to make payments on a declining asset makes sense. Particularly when they do not stand to make a dime on a home they have been making payments on for years.
Well, although defaults on mortgages have increased significantly over the past several years due to the economic down-turn and there is a sharp increase in the number of folks who have made a strategic decision to default on mortgage loan payments although they can well afford the payments, it is prudent for anyone thinking about this option to consider the latest word from HUD (the Department of Housing & Urban Development) on the topic.
Here’s a link to the Mortgagee Letter, a document which provides guidance to lenders and underwriters about WHO will be able to qualify for new FHA loans if they have gone through a Short Sale.
Reading through the letter, it seems to make sense to stay current on your loan even while continuing to try to sell your home…even if that involves a Short Sale.
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