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Dramatically benchmark corporate leadership via scalable deliverables. Conveniently drive integrated testing procedures rather than just in time “outside the box” thinking. Credibly deploy synergistic relationships via extensible architectures. Conveniently conceptualize goal-oriented portals with vertical technologies. Quickly repurpose strategic markets without empowered convergence.
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Dramatically benchmark corporate leadership via scalable deliverables. Conveniently drive integrated testing procedures rather than just in time “outside the box” thinking. Credibly deploy synergistic relationships via extensible architectures. Conveniently conceptualize goal-oriented portals with vertical technologies. Quickly repurpose strategic markets without empowered convergence.
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The Consumer Financial Protection Bureau announced on Wednesday a proposal to delay the effective date of the TILA-RESPA Integrated Disclosure rule until Oct. 1.

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Real Estate Roundup!

May new home sales gain 2.2% from April

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. — From Housing Wire

3 ways to tame student loan debt and afford a mortgage

It’s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it? The problem is that student loans can be included in the buyer’s debt-to-income ratio, or DTI. — From Bankrate

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We’re ready for the TRID rules!

At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.

CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.

We’re working hard to be ready for all changes!

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Real Estate Roundup

Active Home-Building Industry Will Lead to More Demand for Warehouse Space

Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online

To Buy or Not to Buy: That Is the Developer’s Question

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Real Estate Investing

Our focus is to find you the best properties in the best areas of Southeastern Michigan and Detroit that leads to the best return on investment. You get better properties and tenants in areas that are primed for optimal market appreciation. Our team of Metro Detroit investment specialists will consult with you to find the perfect property that best suits your investment goals.

We provide a variety of professional property rehabilitation and management services for the life of your investment.

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Property Management Services

Tyraa Nicole Property Management specializes in management and rehabilitation services for Detroit-area properties. Whether you’re a local, out-of-state, or international Metro-Detroit property owner, our focus is providing you with peace of mind knowing we handle every aspect of management and rehabilitation from A to Z.

Our highly qualified staff are experts in showing, marketing, presenting, managing, and maintaining properties. In addition, our knowledge of the many legal aspects of property management, fair housing laws, and landlord/tenant rights provides our owners and tenants with a level of comfort and security. We stand by our record of quality and professional service.

Property Rehabilitation

We conduct a thorough evaluation of the property to determine what needs to be done to achieve ideal living conditions. We work with multiple contractors to rehab the properties at a price that is very competitive in the market today. The focus during the rehab is to make the property clean, safe, and livable while adhering to our client’s budget.

Legal

We have referral services for property owners who require legal advice, because there are many issues which need to have specific attorney services such as deed preparation, setting up Limited Liability Companies, structuring businesses, EIN #’s, setting up bank accounts, and other needs as they arise.

Management Agreement

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Property Rehabilitation & Contractors

Full-service rehabilitation for local, out-of-state, and international property owners.

 

  • Reliable Property Management
  • Full-Service Property Rehabilitation
  • Competitive Rehab & Maintenance Costs
  • Maintain Your Properties From Anywhere, 24/7

 

We conduct a thorough evaluation of the property to determine what needs to be done to achieve ideal living conditions. We work with multiple contractors to rehab the properties at a price that is very competitive in the market today. The focus during the rehab is to make the property clean, safe, and livable while adhering to our client’s budget.

 

Contact Our Partner:

Banks Contracting Service, Cedric Banks 313-287-2077