Commerce Michigan Real Estate – Buy a Lease Option Home and Stop Spending Money on Rent

Many Commerce Michigan real estate owners and would-be homeowners face real problems. The number of Commerce MI foreclosures is increasing. Throughout Oakland County, foreclosures are on the rise. According to county government officials, “increasing home ownership costs, mounting debt, declining income, job losses, and a weakening state economy have doubled foreclosures in the county Oakland for the last year.

Many of the same factors that have caused a spike in foreclosures have affected the credit scores of some really good people, notably declining incomes, job losses, and a weakening state economy. If you’re hoping to buy real estate in Commerce Michigan, but your credit has been damaged, you should know that there is hope.

Due to its location, close to Detroit and less than thirty minutes from Pontiac, GM employed many residents. Some still are. The layoffs, cutbacks, and buyouts affected not just auto industry employees, but nearly everyone in the state. Many companies closed offices or went out of business entirely, because their businesses depended on money spent by employees in the auto industry.

A temporary job loss may have caused your credit problems. Even a few late payments on credit cards can dramatically lower your credit score. You may have worked hard to pay off your debts and even saved for a down payment, but still find buying real estate in Commerce MI difficult, frustrating, or outright impossible. There are options you don’t know about.

No matter what caused your credit problems, they can be overcome. If you can afford to rent real estate in Commerce Michigan, then you can probably afford to own real estate in Commerce MI. If you have a job and can afford the monthly payments, then a lease option/rent-to-own plan may work for you. A down payment or option consideration will be required, but a portion of your monthly rent will go toward the purchase of a home. In other words, you can build equity and gain true home ownership.

With a standard lease, all the money goes to the landlord; none of that goes towards your future. People sometimes rent for years and have nothing to show for it but a bunch of rent receipts. As experienced Michigan real estate investors, we offer a unique lease option program that will allow you to invest in your future, improve your credit score, and own a home, much sooner than you ever thought possible. We know that bad things happen to good people and we want to help change it all.

Perhaps you are a Commerce MI real estate owner facing the problems caused by “increasing costs of home ownership, rising debt, declining income, job loss, and weakening of the state economy. You may be looking at Commerce Michigan real estate listings and wondering how long your home will stay on the market if you are a seller. You may have purchased your property when your income was high and your future seemed bright. Your company may be offering you a transfer, but you are wondering how you are going to buy a house in a new area, before selling the house you have.

You may be behind on your payments and facing foreclosure. There are several unique options to avoid foreclosure. The lease option program we offer is one. We may be able to find a potential buyer…someone who can make the mortgage payments and eventually purchase your real estate in Commerce Michigan. We seek the win-win situation for both Commerce MI real estate buyers and sellers and for buyers and sellers throughout the state of Michigan.

Commerce Michigan real estate is some of the most beautiful properties in the country. At one time it was a summer and weekend getaway for Detroit residents. Transportation improvements made it possible to live there year-round and still work in Detroit, Ann Arbor, or Pontiac. The Huron River and several lakes provide a secluded rural setting, while parks and golf courses provide recreation. The value of Commerce MI real estate is likely to rise again over time, as the state’s economy eventually recovers.

Now could be a great time to start investing in your future.