City Of Kalamazoo Housing Inspection News
Well the City of Kalamazoo has release there Summer 2013 Newsletter. Couple interesting things to note.
- Landlords so be sure to schedual reinspection for renew certificates well in advance to take advantage of the 40 month certificate. To find out when a certificate expires click this link Property Tax then select city of kalamazoo, then click rental property.
- New fee schedule see the newsletter for details but something I personally got burned on. . . what happened to the warning letters. In the past if a resident didnt mow the grass I recived a warning letter, called them and made them mow. Just recently the waring letter had a fee associated with it, basically no more warnings! They send a letter you pay a fine, ouch!
- I found it interesting that they note Lead Paint, scary. . . . more info at www.michigan.gov/leadsafe
- Tax Foreclosure Auction comming soon! Aug 22, 2013 properties can be viewed at www.tax-sale.info
For the full version of the newsletter Download the PDF file below.
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HOW TO PROTECT YOUR MORTGAGE RATE WHEN CLOSING GETS DELAYED
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Are you under contract on a home with an expiring rate lock? Need a rate lock extension?
Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.
The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”
I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”
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