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|  | Maryann Kepreos
5893 Juliann, Washington, MI 48094 “I am available locally to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, I am here to act as your local real estate specialist.” |
Phone: 586-703-8400 Email: mkepreos@comcast.net | May 2010 Vol 4 Issue 12 | | 6 month Michigan Foreclosure Trends |  | |
Search for Investment Properties>
| Michigan Foreclosure Activity Rises in AprilMonthly foreclosure activity in Michigan increased in April, up 8 percent from the previous month to 19,173 properties with foreclosure filings. This latest state total also represents a 77 percent year-over-year increase in foreclosure filings from April 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report. “Michigan reported a jump in foreclosure activity between March and April, with a total number of filings well above what was reported for this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Unemployment in Michigan also rose to 9.9 percent, even as employers added new jobs and retail sales increased, sendi Complete Story | Top 10 Myths About Buying a ForeclosureBy Tara-Nicholle NelsonTrulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight: Foreclosures need a huge amount of work. 92 percent of consumers expressed that if they bought a foreclosure, they would be willing to make home improvements after they closed the deal, with 65 percent being willing to invest 20 percent or less of the purchase price. Although stories of foreclosures missing plumbing and every electrical fixture are very memorable, many foreclosed homes need only the cosmetic improvements. Complete Story
| Here are some of the most recent Investment opportunities in the area. |  |  | Pre-Foreclosure |
Willow Tree Ln
Rochester Hills,
MI 48306 |
- Market Value
- Default Amount
- N/A
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- Beds/Bath
- Sq. FT
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| Property Type | Address | Market Value | Default | Sq. Ft. | |
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 Bank-Owned | Whitney Dr,
Rochester Hills, MI 48307 | $177,678 | N/A | 1,875 | GET DETAILS |  Auction Auction Date: 6/29/10 | Rancroft Beat,
Rochester Hills, MI 48306 | $225,580 | N/A | 2,295 | GET DETAILS |
|  | | | | 20 Keys To Foreclosure Investing SuccessIs there any way to assure real estate success, to purchase real estate at the bottom of the market, sell at the top and face no risk in between? It would be great to say that the answer is yes, and greater still to have such knowledge, but the central reality of investing is that such certainty does not exist. There's always risk, including the risk of not doing anything and missing an opportunity. But if it's true no form of investing is risk-free, then it's equally true that there are steps which can be taken to reduce marketplace perils, especially when considering foreclosures, short sales and distressed properties in general Complete Story
| Foreclosure Trends : March, 2010 | National | Michigan | Oakland CTY |
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| NODs | 50,450 | 6,038 | 1,030 |
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| NTSs | 117,549 | 5,947 | 958 |
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| NFSs | 40,556 | 0 | 0 |
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| LISs | 66,933 | 0 | 0 |
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| REOs | 91,568 | 5,715 | 880 |
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|  |  Notice of Default (NOD) A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD | | Lis Penden (LIS) Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS | | Auction / Notice of Trustee's Sale (NTS) A filing by notice announcing a public auction. More about NTS | | Notice (Judgment) of Foreclosure Sale (NFS) An order signed by a judge directing to sell the property at public auction. More about NFS | | Real Estate Owned (REO) The final step in foreclosure process in which property ownership returns to lender. More about REOs |
|  | 30 yr fixed mtg | 4.75% | 15 yr fixed mtg | 4.20% | 5/1 ARM | 3.89% |
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Dear Neighbor, I just received this e-mail from my state representative, Pete Lund. Anytime I can pass on valuable information, I will. This is free and can apply to anyone living in Macomb County. Have you ever wondered about why your taxes are higher than your neighbors?? This is the workshop for you. It will help you understand how to appeal your taxes. In this down economy, everyone can use some help. Bring a friend, family or co-worker. Hope to see you there...
In order to accommodate residents, we will host four events: - Saturday, Feb. 20 from 11 a.m. to 12:45 p.m. at the Shelby Township Municipal Office, located at 52700 Van *** Road;
- Saturday, Feb. 20 from 1 to 2:45 p.m. at the Shelby Township Municipal Office, located at 52700 Van *** Road;
- Monday, Feb. 22 from 5:30 to 7 p.m. at the Washington Township Hall, located at 57900 Van *** Road; and
- Monday, Feb. 22 from 7:15 to 8:45 p.m. at the Washington Township Hall, located at 57900 Van *** Road.
Property values have fallen so much in recent years that many homeowners who normally wouldn't bother to appeal their assessment actually stand a good chance of lowering their property taxes. These workshops are a great opportunity for homeowners to learn how to effectively appeal their assessment. Although we cannot guarantee your appeal will be successful, we will have experts on hand to assist you in the process. You may also download a free, easy-to-understand instructional guide that explains how homeowners may appeal their property tax assessment by visiting www.gophouse.com/lund.htm and clicking the "Publications" link on the left. For more information about the property tax workshop, please contact my office by calling toll free 1-888-MICH-REP (1-888-642-4737) or e-mail petelund@house.mi.gov.
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Looking for something to do this Labor Day Weekend? Looking for something that is cheap and fun for the whole family? Check out the Romeo Peach Festival in downtown Romeo, Michigan. The whole weekend has plenty to do, close to home, and is a blast. Small downtown Romeo will have carnival rides, a car show, and plenty of yummy peach pie. It is a great way to re-group with the family before school on Tuesday. Wear your walking shoes. Enjoy!!
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Did you hear the news?? Our very own Rochester, Michigan has been voted one of America's best small towns to live!! Take a look at www.CNNMoney.com for the complete article. Rochester is #52 out of 100 acres of parkland small towns. The artice sites the 82 acres of parkland gardens, and natural beauty. If you have ever walked down main street or attended a "Dancing in the Streets" summer event, you would know the reason why!! Rochester has a great community spirit that in these troubled times is refreshing. Congrats Rochester!! You are truly a great town to live and work in. Hopefully, the positive press with help with home and business values. Come visit me in Rochester...www.MaryannKepreos.com
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It is always a pleasure to report when a project is completed on time. It is a greater pleasure to report when that project is completed before the due date. Today the 26 Mile Bridge and Ramp has officially opened. It has been closed for months. The bridge was not to be finished before Labor Day weekend. My many thanks to the construction workers, planners and anyone that pushed this project to be finished ahead of schedule. The northern macomb county area relies on this bridge for easy flow from east to west. It has changed everyone's daily route who lives and works in this area. Thanks again!!
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This is surprising news for anyone wishing to sell or buy a home in Macomb County Michigan. 66 % of all homes sold within the first quarter were either foreclosed or bank owned. 12 % of all homes sold within the first quarter were recorded as leased properties. 22 % of all homes sold within the first quarter were private sales - and some were short sales. Average Sold Prices $69,900 was the average bank owned sold price $159,000 was the average private owned sold price 1550 homes sold in Macomb County Michigan in the first quarter.
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Beautiful Designer Condo with Great View
• 1,458 sq. ft., 2 bath, 3 bdrm 1 1/2 story "Condo Attached"
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MLS®
$179,900
- Make Offer!!
Westgrove Estates, Macomb Township
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Immaculate & Gorgeous Macomb Condo Fantastic Location backs to wooded area. Beautiful lay-out with Great Rm. & Fireplace, Cathedral Ceiling, Doorwall leads to Brick Patio. Master suite with full bath & cathedral ceiling. Designer kitchen with all major appl. included. Large wrap island, stunning back splash with "tumbled" ceramic tile. Loft upstairs for library/office or 3rd Bedroom. Huge walk-in closets, 1st floor laundry with Mud area from deep 2 car finished garage. Full Basement prepped for bath-motivated seller,make offer.
Property information
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Foreclosure Help Information: If you are facing foreclosure the last thing that you want to do is nothing. It will not go away with no action on your part... There is a new program geared for loan refinancing for individuals that are eligible. Check out www.fanniemae.com or call 1-800-732-6643, or www.freddiemac.com or call 1-800-373-3343. This may help your current financial condition and help you under the Making Home Affordable Program.
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