Belleville, MI

50300 Bog Road, Belleville, MI 48111

Related Links

See Extra Photos for 50300 Bog Road
Please visit our website for a complimentary MLS search

Additional ANN ARBOR AREA REAL ESTATE Listings

In the past year 14 Belleville Lake homes sold (Belleville, Michigan). On average these homes were on the market for 129 days. These Belleville Lake front homes range from 700 square feet to over 3800 square feet. Belleville Lake waterfront homes range in age from the 1920's to 2010.

Belleville Lake front homes are on a 1280 acre, all sport lake with public access. The lake is 7 miles long with 25 miles of shoreline. Belleville Lake front homes are located in both Wayne County and Washtenaw County MI. It is West of S Metro Parkway and E of Rawsonville Rd, north of E Huron River/Textile and South of I-94.

If you want to see any Belleville Lake front homes, please give me a call or email me at yesmyrealtor@gmail.com

In order to buy a metro Detroit home you need to cover three major items.

1. the down payment
2. the mortgage companies closing costs
3. the tax pro rations and escrow account setup

I had one client ask me how much they needed. He wanted to buy a $40,000 Redford foreclosure or Livonia foreclosure. This is what I emailed him.

You will need a certain amount of money to close the loan and your new home purchase. You currently have $1500.

Your costs will be:

3.5% downpayment
Quicken's approx closing costs $2200
Taxes $3000 most of the homes that you are looking at whether they are $30,000 or $60,000 will have taxes of approx that much. You will need a full year of taxes to cover escrow set up and tax pro-rations to pay the seller back for the property taxes he has already paid. So look at the taxes on the listing sheet of each home and you will need that much for closing.

You have told me you are getting the down payment assistance. But the issue is that you need $5200 more for closing costs, escrows and tax pro-rations. You have $1500 that leaves a $3700 balance. We can make some of that up with sellers concessions.

But the issues is that you want to buy a $30,000 - $40,000 house. 6% of a $40,000 house is only $2400. So you will be short $1300. The only way you can bridge the shortage is save more money or buy a more expensive house. You need to buy a $60,000 house to be even close.

The other option you wanted to do is not allowed by any bank. You can't borrow the money from your VISA for your down payment. They will then include that in your debt ratio and the money would have to be in your bank checking or savings account for over two months for it to be used.

So basically you need to save more money to buy a house at this point or buy a more expensive house so you can get the closings costs, the tax pro-rations, and the escrows paid for. But only go up in price if you can afford the payment. Other wise you should put off buying a home until you save up more money for all the costs involved. Let me know what you decide to do.

Russ Ravary your Metro Detroit real estate agent buying and selling Livonia real estate, Wayne, Oakland, and Livingston County homes

Search Metro Detroit foreclosures and get the latest foreclosure listings emailed to you

Tarik Dinha will Warm Things up as he Tells how he is Buying 30 Homes per Month and Selling them on Land Contracts

New mortgage financing is tough in today’s market; learn about Seller Financing from an expert who is doing it successfully.

Mastering Foreclosures with Rodney Townsend, the Foreclosure Tour Bus Guy

Rodney Townsend, real estate investor, came up with the idea of ForeclosureBusTours.com late in 2006. The website was launched in 2007. They took a bus load of home buyers and investors around to see great properties in and around the City of Detroit. During the tour, attendees were able to meet with key referred resources, including property managers, home inspectors, loan officers, REO agents, title attorneys, contractors and more.

The experience of networking was better than reading a How to Buy a Foreclosure book; it was true value for all who were on the tour. The bus tours rolled throughout the summer, slowing down during late fall due to the weather.

Soon, agents and investors from around the country reached out t o Foreclosure Bus Tours.com in hopes of starting their own tours. Opportunities arose to do these tours in several locations in the US.

Foreclosure Bus Tours.com has been interviewed by MSN Money, ABC, NBC and Inc.com, to name a few. Tours have been done in Arizona, California, Illinois, Michigan, Florida, Georgia and more.

Foreclosure Bus Tours.com works with brokers, agents and investors across the nation to find great “hand-picked” real estate deals. They have added even more resources including credit repair and lease options as they work hand-in-hand with one of the most diverse licensed real estate companies in the area to facilitate nationwide tours.

Come and meet Rodney Townsend, Metro Detroit’s master at foreclosures at the Mega Evening Event.

Tarik Dinha will Warm Things up as he Tells how he is Buying 30 Homes per Month and Selling them on Land Contracts

New mortgage financing is tough in today’s market; learn about Seller Financing from an expert who is doing it successfully.

Mastering Foreclosures with Rodney Townsend, the Foreclosure Tour Bus Guy

Rodney Townsend, real estate investor, came up with the idea of ForeclosureBusTours.com late in 2006. The website was launched in 2007. They took a bus load of home buyers and investors around to see great properties in and around the City of Detroit. During the tour, attendees were able to meet with key referred resources, including property managers, home inspectors, loan officers, REO agents, title attorneys, contractors and more.

The experience of networking was better than reading a How to Buy a Foreclosure book; it was true value for all who were on the tour. The bus tours rolled throughout the summer, slowing down during late fall due to the weather.

Soon, agents and investors from around the country reached out t o Foreclosure Bus Tours.com in hopes of starting their own tours. Opportunities arose to do these tours in several locations in the US.

Foreclosure Bus Tours.com has been interviewed by MSN Money, ABC, NBC and Inc.com, to name a few. Tours have been done in Arizona, California, Illinois, Michigan, Florida, Georgia and more.

Foreclosure Bus Tours.com works with brokers, agents and investors across the nation to find great “hand-picked” real estate deals. They have added even more resources including credit repair and lease options as they work hand-in-hand with one of the most diverse licensed real estate companies in the area to facilitate nationwide tours.

Come and meet Rodney Townsend, Metro Detroit’s master at foreclosures at the Mega Evening Event.