Sunday, January 13, 2008

Michigan’s Struggling Real Estate Market is Getting Help from a New Online Search Tool for Finding Homes for Sale

Realtors can let Consumers look at Homes from the Comfort of their PC

Drive through Wayne County, Oakland County, Monroe County or Livingston County and you may lose count of all the homes for sale. But you don’t have to go anywhere to find a great deal on homes for sale in Michigan, they’re all listed on the front page of the http://www.thequickhomefinder.com LLC website.This property is being auctioned sold at rock bottom prices without the need of a real estate agent. All of this has caused the dismay of realtors, mortgage brokers and loan officers in Michigan. It’s becoming obvious that affordable homes are so abundant; anyone looking to buy a house may not need a real estate companyReal estate companies must be able to offer competitive prices for their service. It also helps to be able to secure low interest rates for refinancing, as well as investment loans, rehab loans, equity home loans, etc. With the current condition of Michigan’s real estate market, it’s almost a necessity for realtors to have a property listing service in their arsenal. This has put real estate companies like The Quick Home Finder.com LLC in high demand.The Quick Home Finder.com LLC specializes in finding homes and property for sale in Michigan. Their data base is like a home depot with a surplus of houses, rental properties, lease options, condos, town homes, duplexes, apartment houses and so on. The damage done by Michigan’s foreclosure crisis has made http://www.thequickhomefinder.com preferable to the traditional real estate search. As more homes for sale in Michigan continue to emerge on the real estate market, companies like The Quick Finder.com will likely become an especially needed commodity.

Realtors Give Their Approval for New Online Real Estate Listing Service

Finding Homes for Sale in Michigan is Made Easier by this Innovative Service

The Quick Home Finder, LLC is a real estate company made up of real estate experts who understand how difficult buying or selling property can be. Most home buyers and real estate investors would rather be able to find a house or list a house without a real estate agent middleman. This type of service is what The Quick Home Finder, LLC had in mind when they developed their website, http://www.thequickhomefinder.com The first page of their site contains a list of properties being sold at rock bottom prices. Every house condo, town home, duplex and residence has a photo so that people using the site know what the homes look like. There are over 60,000 homes for sale throughout South East Michigan in the site’s database which are constantly being updated. There’s also a staff of real estate insiders always available to assist consumers with information and advice to ensure they make the best choices possible. According to Larry Morris, an Associate Broker for Real Estate One in Royal Oak Michigan, “The information age is here. This tool helps my business because it allows my clients to get the best deals possible without needing a real estate agent.” The website is free to use, offers a 5% discount on houses you buy and enables browsers to look for free without giving their name which is especially good for private buyers. Over 40% of the people who use this site have saved it as one of their favorites. The site has also received rave reviews from the National Real Estate Network in recognition of its pioneering service and excellence. Whether looking for an investment property, a dream home or even a rent to own option, experts agree to go to http://www.thequickhomefinder.com

Michigan’s Real Estate Market is another Hurricane Katrina Disaster which has left Hundreds of Thousands Stranded by Foreclosure

Over 200,000 Foreclosed Homes in Michigan have Washed up onto the Shores of the The Quick Home Finder, a Home Depot for Real Estate Investors

Michigan has been hit hard by a storm that has the real estate market flooded with foreclosed homes. Over 200,000 home owners, along with a growing number of real estate companies, are victims of this disaster.Cities all over Michigan have vacant homes scattered throughout their neighborhoods. So many people, losing their homes at once, are eerily reminiscent of Hurricane Katrina survivors. These homes are being sold for low prices, the best deals can be found at http://www.thequickfinder.com. Like the Katrina survivors, evicted homeowners in Michigan have not received any relief or assistance. Mayor of Detroit, Kwame Kilpatrick, recently issued this statement to residents facing home foreclosure, “Call the people you’re sending your money to…” This advice will probably be as effective as FEMA’s assurance to New Orleans that help was on the way. Detroit isn’t the only city in distress; cities all over northern, southern and central Michigan are suffering through this crisis.Aside from anyone willing to contribute large sums of cash to remedy the problem, people must turn to realtors, real estate agents, mortgage brokers, and loan officers for help. Evicted homeowners must find a house they can afford, which shouldn’t be hard with so many in-expensive homes for sale in Michigan. In fact, real estate companies with listing services like The Quick Home Finder.com LLC enable consumers to find a house without the inconvenience or expense of a real estate agent. Unlike Katrina victims, perhaps Michigan residents who need a home will be rescued by companies like http://www.thequickfinder.com

Tuesday, January 8, 2008

A Bundle of Rights to Real Estate and What it Includes

Copyright © 2008 Ralph Marcus (Mark) Maupin
Understanding real estate agreements requires a basic knowledge of what rights or interest to property that are affected by a specific agreement or contract. The following is a basic listing of rights that are commonly dealt with and general descriptions. The following listing does not represent a complete list of the various rights that can be held in and to real estate, nor does it give a thorough and full description of the rights covered, but it is sufficient for practical purposes. A bundle of rights to real estate could include: a. All the rights, fee simple b. Mineral rights c. Air rights d. Water rights e. Life estate f. Remainder interest g. Equitable rights 1. Land contract 2. Leasehold 3. Option 4. Pending purchase contract OWNERSHIP- Fee Simple Ownership. This is the highest form of ownership to property. Generally if you have real estate that you have received a warranty deed for, this is what you have. EQUITABLE INTERESTS- These is rights that are acquired by agreement of the owner, without transferring ownership. In other words, if you have an equitable interest in real estate, you may have the right to acquire title and ownership, but you don't have it yet. Typical examples of equitable interests are the rights of the purchaser under a full accepted purchase agreement, the rights of an optionee under an option agreement and the rights of the purchaser (vendee) under a land contract. LEASEHOLD INTEREST- These is the rights to property for duration of time with no promise to transfer ownership. Rental/leasing applies here as well as use licensing. OWNERSHIP INTERESTS- Ownership to property is a combination of things and rights, and you can own property and not have all parts of ownership and vice versa. These are the basic parts or types of the ownership of real estate: Legal, Equitable, Possession and Use. Legal interest is normally evidenced by having title to the property. Equitable interest is described above. Possession is simply having possession or control of the property. For example, a "squatter" is a person who has possession, but no other rights to the property. "Squatters," simply by virtue of being in possession of the property have certain rights. Use, is simply the right to use the property. A typical example of this is a letter of permission to hunt on land. Places you can go to better find out how you can use these buddle of interest and learn more at a very low cost are as follows: Local real estate licensing schools in your area, entrepreneurial resource centers at local colleges, Real Estate Investing Clubs, Real Estate Investment Association, REIAs, Real Estate Investing Classes at high school, Real Estate Investing Groups, Landlord Club, Real Estate Training Classes, Real Estate Seminars, Real Estate Courses, Real Estate Investing Network, and Real Estate Forums. Use Google.com to find locations in your area. A Real Estate Investing Club's mission is to provide an entrepreneurial atmosphere for real estate investors to learn, and network with new and experienced investors. Real Estate Investors Clubs have been formed for real estate entrepreneurs and professionals with one of their goals to bring like minded individuals together, to achieve greater real estate goals. REIA members come from many walks of life: first time buyers, new investors, licensed agents and mortgage brokers, commercial investors, attorneys, CPAs, and first time landlords.
Ralph Marcus Maupin, Jr. (Mark Maupin), Speaker, Professor, Co-founder National Real Estate Network LLC (REIA), Get Free Real Estate Forms, Terms, Articles and Real Estate Club Locations at: http://MegaEveningEvent.com

Pre-foreclosures and Terms

The leading short sale and pre-foreclosure expert Nation wide is Jeff Kaller. His students have really done well in our Michigan Market. If they do well in Michigan depress real estate market you know Jeff Kaller is doing a great job of teaching the short sale business. This is one of his articles for your reading. You can find great value from his workshops and his free reports and CD’s:
Check out his workshops- Jeff is doing them all over the country http://www.JeffsWorkshop.com (LA in January)
Preforeclosures and Terms
One major point is whether the principle instrument securing the loan is a conventional mortgage or a "deed of trust." Kaller indicates that they are not the same even though everybody uses the term "mortgage" interchangeably. “Deeds of trust are the more common of the two, used in 34 states either mostly or exclusively,” says Kaller.
Mortgages involve two parties, borrowers and lenders, while deeds of trust have third parties, called trustees, who hold temporary title to the properties until borrowers pay off their loans.
That difference can be crucial when a borrower falls behind in payments. With deeds of trust, the trustees don't have to go to court to initiate a foreclosure; with a mortgage, the lender almost always does, which slows down the process.
In states where deeds of trust are an option, lenders almost always choose them over mortgages, because they are "non-judicial" - and quick.
According to Jeff Kaller, Mr. PreForeclosure, provides investors with step-by-step instruction needed to make a fortune in Pre-Foreclosures. He is a professional lecturer and author of "Preforeclosure and Short Sales" Home Study Course. Jeff holds several national conferences nation wide every year.

Here is an Opportunity for First Time Home Buyers to Benefit from an Excellent On-Line Real Estate Search System

The Quick Home Finder is Producing Amazing Results and Quick, Easy Real Estate Searches

Larry Morris, Associate Broker of Real Estate One Michigan, understands how stressful and difficult buying a home can be. He had this in mind when he developed a way for first time home buyers to easily search properties online with http://www.thequickhomefinder.com. Many people would rather be left to their own devices when shopping, for any product, including a home, before speaking to a salesman or professional in the business. Larry Morris, of The Quick Home Finder, LLC understands this, so he has developed a system that is accessible to the general public. It’s an MLS search tool that doesn’t require a real estate license and payment of board dues to have access to.

Even experienced realtors and investors are impressed with this new search tool. Ralph Marcus Maupin of Budget Realty, LLC stated “I’m impressed because the site contains photos which allow buyers to see what they’re considering without leaving their computer screen. The site also has Google mapping of each property and simple, powerful, yet flexible search criteria.”
If you are looking to buy a home, begin your search with http://www.TheQuickHomeFinder.com then call Larry Morris at Real Estate One where his team of service professionals will work together to structure a deal customized to serve your needs to close your transaction
The Real Estate One Family of Companies is a team of professionals working to provide competitive mortgage interest rates, rock solid insurance policies and relocation assistance. The market research reveals those buyers who take advantage of more than one of the services often benefit financially, increasing the long term satisfaction with a new home purchase and creating a long term relationship with the Real Estate One Family.




Contact:Larry Morris1 (248) 544-9040 1 (888) 851-3710For more information: http://www.TheQuickHomeFinder.com
The Quick Home Finder serves Oakland, Wayne, Macomb, Washtenaw and Livingston Counties.

What Kind of Real Estate do Investors Want?

Copyright © 2008 Ralph Marcus (Mark) Maupin
There are several categories of real estate available for an investor. The easiest for a beginning investor to understand and participate in is the single-family home. Why? 1. Homeownership in America is approaching 70%. 2. They are the highest demand type of property. 3. They sell quicker than other kinds of property. 4. Prospective purchasers have the widest range of financing programs available to them, making the property easier to purchase. If the property does not sell in a reasonable amount of time, it can be rented. Ugly Properties: Why should you buy the ugly duckling? The best property to buy is an ugly one. Look for the property that has never been "updated" or improved or one that has been improved, in a very tacky way. Don't be deterred by the pet urine, feces, or mice droppings. Where some see damage and odor, you should see dollars and opportunity. Ugly ducklings are the properties that have the least competition, houses that can be fixed up by remodeling, not by rebuilding. Many people are scared about things like leaking roofs and broken windows. Be happy to see those things. They'll discourage most inexperienced investors from purchasing the property. In many areas, you will be competing for some deals with "do-it-yourself" homeowners. They may outbid you simply because they figure they can buy a home for $50,000.00 that will be worth $70,000.00 when they're done fixing it up. It never occurs to them that they will spend $10,000.00 for materials and professional labor, one to two years working on it, and live in a construction zone the whole time. The oddest thing about it is that most people will sell the home when they're done, thinking they did great (although they really broke even) and start the process again. Buy, flip and sell works best in a 90-120 day time frame, with professional contractors quickly completing decorating, repairs, and renovations. Where do go to meet the like mind people to get trained in the investing business? There are Real Estate Investor Association all over the US. Many of this assoications are non profit. They are usually refered to as a REIA. Investor groups are for purpose of investor education, networking, and training. They bring national and local real estate experts to their meetings. They have training on wide topics like: foreclosures, pre-foreclosures, land lording, rent to own, lease options, short sales, deed offs, credit, wholesaling, find, fix, and sell, private money, lines of credit, and accounting. These are just a few of the topics they speak on. How do you find a Real estate investors association or groups in yourr area? You can go on line to one one of major search engines. Type in the one of follow words with your local City name: REIA, Real Estate Investing Clubs, Real Estate Investment Association, REIAs, Real Estate Investing Classes, Real Estate Investing Groups, Landlord Club, Real Estate Mentoring Programs, Foreclosure Boot Camp, Real Estate Training Classes, Real Estate Seminars, Real Estate Schools, Real Estate Courses, Real Estate Investing Network, Real Estate Conventions, Real Estate Boot Camps, and Real Estate Forums. Using a search engine as search for topic like how to find a boot camp or class on foreclosures in the state or city you are in works great.
Ralph Marcus Maupin, Jr. Nick Name ‘Mark’ is one of founders of National Real Estate Network LLC. He teaches real estate investing for college. You will find many free resources such as: Free Real Estate Forms, Terms, Articles and Real Estate Investor Clubs Locations at: http://MegaEveningEvent.com