Structurally sound houses for under $20,000 (US)
June 12, 2010 by admin · Leave a Comment
Detroit Progress isn’t the only company selling cheap Motor City homes. Azar said the owners originally got into the business “to flip houses just for the money.” But they named the company Detroit Progess “because the city’s so messed up and we want to try and help it.” Azar said the properties are structurally sound but often need work, like a new roof, new furnace or wiring. Sometimes this is a result of the house having been partly stripped by vandals as it sat empty between owners, even though Detroit Progress does “our best to secure” them. Azar said his company can help the city by having people buy equity in where they live and therefore rebuild neighbourhoods. “We try and make it affordable for anybody,” he said, noting there are government programs to help poor people buy homes. “With prices that are so low there’s really no reason anybody should be homeless.” Since the company purchases the properties they can extend financing without a bank...
Detroit Progress LLC Update
April 24, 2008 by admin · Leave a Comment
The spring buying season is upon us and Detroit Progress LLC is making strides to ensure a profitable start. Detroit Progress LLC was incorporated on March 25, 2008 as a commercial real estate venture; the partnership between Edward F. Azar and David Pakhchanian will focus primarily on real estate owned (REO) homes. Our goals are to provide homeowners with the best quality home at a reasonable price, investors with the highest quality commercial properties, and ultimately benefit the Detroit, MI community. We recently made alliances with two premier Michigan area companies. Our first and foremost concerns were assuring smooth transition of property deeds so we appointed the Philip F. Greco Title Company. The Greco Title Company is one the premier title companies in the Tri-county area. Founded in January 1972 by Philip F. Greco, it has been an exclusive agent for Chicago Title Insurance Company, part of the Fidelity National Financial, Inc, the nation’s largest family of title Insurer’s...
FACEBOOK
TWITTER
VFLYER
YOUTUBE