JUST LISTED! Bank-owned home for just $39,900!

Check out this bank-owned home in the Kaleva area that I just listed!

It is a 3 bedroom, 2 bath on 2 acres of wooded property in a private setting. 
Click here for all the details!

Meagan Kempf, Realtor
Coldwell Banker A.L.M.
Manistee, Michigan
231-510-5572 cell/text
Meagan@MeaganKempf.com
Visit my website at http://www.meagankempf.com/

Two new listings!

Here's two fabulous new deals in Manistee!


An arts & crafts style bungalow - this one is sure to go quickly!

Click here for details!

Two bedroom near the boat launch - the perfect up north getaway!

Click here for details!

Contact Meagan Kempf for more information on these great deals!

Meagan Kempf

Coldwell Banker ALM
231-510-5572 cell

Waterfront Foreclosures & Other Deals

I'm often asked about the availability of bank-owned waterfront properties. There have been very few waterfront foreclosures in our area, however there are three on the market right now that you may want to check out!

WATERFRONT FORECLOSURES

JUST LISTED! Home for sale on Harper Lake in Lake County - $239,000 – Details on this home

JUST LISTED! Home with 165' frontage on Lake Emma - $179,900 - Details on this home

BIG BEAR CREEK! 6 bedroom/5 bath, plus 3 rentals on 80 acres w/Big Bear Creek frontage - $269,900 - Details on this home

OTHER FORECLOSURES

Manistee - 2 bedroom/ 1 bath w/ hardwood flrs, 2 stall garage - $59,900 - Details on this home

Manistee - 3 bedroom/2 bath on the Northside, garage - $44,900 - Details on this home

Wellston – 4 bedroom near Tippy Dam, land contract terms - $49,900 – Details on this home


Are you looking for a home with little or no money down?
The USDA Rural Development Housing Program (RD) provides mortgages at favorable rates with little or no money down, making home ownership an opportunity that virtually everyone can afford!
Click here for more information on the RD program.

Please give me call at 231-510-5572 or email me if you have questions or would like to schedule an appointment!


Meagan Kempf
Coldwell Banker ALM
231-510-5572 cell/text
Meagan@MeaganKempf.com

Foreclosure for sale in Manistee - just $39,000!

Check out this bank-owned home located in the City of Manistee.




(Manistee City)
Price: $39,000
Bedrooms: 2 Bathrooms: 1
Size: 836 sq. ft.
View Listing Details

What a bargain at just $39,000!!

Are you looking for property in the Manistee area? If you are serious about buying a home, please let me know what you are looking for.

Please call or email and tell me:
- The price range you want to stay within
- The number of bedrooms/baths you desire
- The area where you want to be!

DO YOU QUALIFY FOR AN $8000 TAX CREDIT FOR PURCHASING IN 2009? Take advantage of this opportunity included in the recent Economic Stimulus package!

FIND OUT MORE ABOUT ZERO DOWN PROGRAMS - You can still purchase a home with no money down in our area!

Meagan Kempf
Coldwell Banker
1121 Parkdale Avenue
Manistee, Michigan
Phone: 231-723-5310
Cell: 231-510-5572
Fax: 231-723-6287
Send Me an Email

***

The Impact of Foreclosure on Credit Scores

Here's an interesting article I found on predicting the impact of foreclosure on credit scores. Obviously a foreclosure has a huge, negative impact on a person's credit score, but real estate experts are starting to predict that a foreclosure in 2008 or 2009 may not scar as deeply as it has in the past.

Meagan Kempf
Coldwell Banker ALM
www.MeaganKempf.com

Daily Real Estate News March 16, 2009

How Will Foreclosure Affect Credit Scores?

The amount of damage to a credit score caused by foreclosure, deed in lieu or a short sale during 2008 and 2009 may be mitigated by the slower economic times, say some credit and legal experts.

FICO may have to adjust its credit scores to lessen the impact of a foreclosure in the last two years, says Todd J. Zywicki, a professor of law at George Mason University.

''It just seems obvious that a foreclosure in 2008 or 2009 doesn't have as much information value as a foreclosure five years ago,'' he says. ''To the extent that foreclosure doesn't predict future behavior as much as it did in the past, you'd expect that the FICO algorithm would change to adjust for that.''

One of the country’s largest credit unions Golden 1 has already figured out a way to lend to people with a foreclosure on their record by offering a mortgage repair loan specifically for those who have lost a home to foreclosure and who want to buy a new one.

BECU, another large credit union based in Washington State, is about to present a program to fellow lenders, ''How to Lend to the Newly Credit Impaired.”Source: The New York Times, Ron Lieber (03/14/2009)
Browse all of today's news

Freddie Mac suspends foreclosures & offers to rent homes back to owners

Daily Real Estate News March 6, 2009

Freddie Mac Launches Rental Initiative Freddie Mac is launching a rental initiative, which will give former owners and tenants of foreclosed property the opportunity to lease their recently foreclosed properties month to month.

The REO rental initiative will be managed by HomeSteps, Freddie Mac’s national real estate unit, and implemented through several national property management firms. Freddie Mac has about 8,500 properties in various stages of foreclosure.

Freddie Mac also will continue to suspend evictions through March 31 to ensure that former owners and occupants have an opportunity to explore new options available to them.

To qualify for a lease, the tenant or former owner must occupy the property and show they have adequate income to pay the monthly rental amount established by the property management company based on market rents for the area. Occupants must agree to allow HomeSteps to show the home to potential buyers during the lease period.

Source: Freddie Mac (03/05/2009)

Homesteps (Freddie Mac) listings for March 5, 2009

Here's this weeks updated information on properies listed through the Freddie Mac HomeSteps program in the Manistee County area:

NEW THIS WEEK:
Address: 4335 KETTNER RD, MANISTEE, MI - (Click for pictures)
***20 acres of land!***
Rooms: 11 Bed: 5 Bath: 2.0 Price: 122,500.00
Offered By: COLDWELL BANKER ALM RLTY & ASSOC INC

Address: 9276 MAIDENS RD, BEAR LAKE, MI
Rooms: 9 Bed: 5 Bath: 2.0 Price: 55,500.00
Offered By: COLDWELL BANKER ALM RLTY & ASSOC INC

Address: 1126 21ST ST, MANISTEE, MI
Rooms: 7 Bed: 3 Bath: 1.0 Price: 19,900.00
Offered By: COLDWELL BANKER ALM RLTY & ASSOC INC

Address: 4666 CHIPPEWA HIGHWAY, MANISTEE, MI
Rooms: 8 Bed: 3 Bath: 3.0 Price: 146,450.00
Offered By: COLDWELL BANKER ALM RLTY & ASSOC INC

Loan: 280216947 Address: 17417 5TH ST, WELLSTON, MI
Rooms: 5 Bed: 2 Bath: 1.0 Price: 24,900.00
Offered By: COLDWELL BANKER ALM RLTY & ASSOC INC

Give me a call at (231) 723-5310 or email me if you would like additional information on any of these properties. We have many more forclosure homes in the area, as well as lots of great deals and bargains on the water!

Megan Kempf
Coldwell Banker ALM
Meagan@MeaganKempf.com
http://www.manisteeforeclosures.com/
231-723-5310 direct
231-510-5572 cell

** Please note: I am not the listing agent for any of these homes, however I can provide you information and show you any property listed by any real estate agent.**


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