The Dearborn Area Board of REALTORS® welcomes you to the new dabor.com website. As an association, we are dedicated to bringing professionalism and integrity to the real estate industry, while furthering the interest of home and property ownership in our area. We act as a bridge between our REALTORS® members and the consumer in need of a professional.

We have expanded our website to include more resources and more listings than ever before. We will help our members uncover new areas of development and growth, as well become a useful guide to consumers to research our area from businesses to family activities.

OFFICE HOURS

Monday - Friday 8:30 am - 4:30 pm

Meeting the Board of Directors Candidates

Seller Financing:

Any Problems Under the Safe Act or Michigan Law

In an effort to crack down on mortgage fraud, Congress passed the Safe and Fair Enforcement for Mortgage Licensing Act (the "SAFE ACT"). The SAFE ACT in turn requires state to establish uniform regulations and minimum licensing requirements for mortgage loan originators. Thus, Michigan passed the Mortgage Loan Originator Licensing Act, Act 75 of 2009 (the "originator Act"). Questions have arisen as to whether REALTORS or their client/sellers are subject to the Originator Act when a property is sold on land contract, purchase money mortgage or some other form of seller financing.

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Home buying in Dearborn is easier, less costly now with the elimination of escrow policy.

Working with Dearborn REALTORS, the city offers new way to ensure homes are safe and up to code before being occupied.Buying a home in Dearborn is about to get a whole lot easier.

Under a move proposed by Mayor John B. O’Reilly, Jr. and approved by the City Council, Dearborn will eliminate what had been known as its “escrow policy” and replace it with a new pre-occupancy agreement. The action follows a recommendation by the Dearborn Area Board of Realtors.

Beginning June 1, the City will eliminate the requirement that home buyers deposit money in an escrow fund equal to the cost of fixing building and safety violations, or purchase a performance bond to ensure that critical repairs are completed.

Beware of Pie Throwing Members...

The DABOR Annual membership meeting is Tuesday, September 14, 2010 at Park Place. Breakfast begins at 8:30 am with the meeting starting promptly at 9:00 am. Thank you Dearborn Federal Savings Bank for their continued sponsorship of the breakfast and the very special "omelet station".

To reserve your seat, please call Board Office at (313)278-2220