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A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but ...
Yes, you may qualify for a mortgage after a short sale, depending on the loan program you select. FHA loans are worth considering for credit-challenged borrowers once the three-year waiting period ...
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1][2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...
Purchasing firearms. At the age of 18 or up, it is legal to buy a handgun with a purchase license from a private seller, at the age of 21, it is legal to buy a firearm from a Federally licensed (FFL) dealer. No purchase license is required to purchase a long gun, or muzzle loader (a firearm that is more than 26 inches long) in Michigan.
For example, he said, consider someone buying a median-priced home in metro Detroit for $280,700. At a 6% mortgage rate, he estimated that the homebuyer would likely need an income of $72,665 or ...
The Orsel and Minnie McGhee House is a single family home located at 4626 Seebaldt Street in Detroit. The house played a role in the landmark Shelley v. Kraemer Supreme Court decision that determined racially restrictive covenants to be unenforceable. It was listed on the National Register of Historic Places in 2022.
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