The Mike Realtor Team is proud to announce that our Quarton Lake Birmingham Short Sale listing of 951 Fairfax has recently SOLD. With our 90% Short Sale success rate, the Mike Sher Team is has saved another home from Foreclosure. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 or check us out at  www.mikerealtor.com Mike Sher

 The Mike Realtor Team is proud to announce that our Bloomfield Short Sale listing of 338 Cranbrook with Birmingham Schools has recently SOLD. With our 90% Short Sale success rate, the Mike Sher Team is has saved another home from Foreclosure. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 or check us out at www.shortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher

Please join me for a Short Sale Seminar made for Realtors by Realtors.  We will discuss how you can negotiate Short Sales for your clients.  We are not selling any services in this seminar.  We are offering this class so all of us Realtors can provide the best service for our clients because we care about Michigan!

Short Sales are part of the business here in Michigan and it is time for us Realtors to take charge saving homes from Foreclosure.  Every Short Sale we close is one less Foreclosure in our community.  Everyone benefits; the Seller, the Buyer, the Bank and it mitigates the loss of value that a Foreclosure has in our neighborhoods.

Mike Sher, CDPE, Max Broock (248) 644-4700

Bloomfield Township Library, 1099 Lone Pine Road Bloomfield Hills, MI 48302

RSVP by calling our Max Broock Bloomfield Hills office, 248-644-4700 or bloomfield@maxbroock.com

The Mike Realtor Team is proud to announce that our Birmingham Short Sale listing of 2550 Derby is now pending Short Sale approval.  With our 90% Short Sale success rate, the Mike Sher Team is confident that this home will close.  If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help.

Call us at (248) 644-4700 or check us out at www.shortSaleOaklandCounty.com or www.mikerealtor.com

Mike Sher

Short Sale, Troy MI.  By Mike Sher, Max Broock Realtors, Bloomfield Hills, Michigan

I just got my first equator BOA short sale approved. Both the first and 2nd were with BOA and they negotiated the loans together, which was nice. Time line as follows:

9/9/09 faxed the hardship and offer to to BOA in 10 page faxes.
9/24/09, they did not have the fax yet though re-faxed 3 times. Found a Short Sale person who allowed me to email it to him to be uploaded
10/1/2009 Exterior BPO was done
10/7/09 file was moved o REO Trans
10/20/09 seller and Mike Sher uploads all docs and full package to REO Trans/Equator
10/27/09 interior BPO done
11/10/09 negotiator emails us to say we are waiting for payoffs from investor
11/23/09 Titanium solutions calls me to tell me that they are taking over. They ask for full package again plus some new documents.
11/23/09 to 1/05/2010 Titanium has three representatives ask me for the same documents 3 times. At the same time REO Trans is emailing me asking for the same update information.  Nether of them acknowledge the others updates

Titanium is telling us that they are in charge not REO Trans while REO Trans is telling us that they in charge not Titanium.

1/6/10 Reo Trans/Equator now counters the offer. Not in price but more in some small closing costs and changing the 2nd lien payoff from $3000 to $5000.

1/7/10 buyer accepts the counter offer and I send a new HUD
1/7/10 Equator asked for a quick change in the HUD by email
1/11/10 Equator asks to accept their counter offer again, we say yes.
1/12/10 Message from Equator "THIS FILE WAS SUBMITTED TO THE MI CO FOR REVIEW, WILL SUBMIT IT TO THE INVESTOR FOLLOWING RESPONSE "
1/23/10 the short sale was approved in writing.

Now we are off to close. 

Mike Sher

56 homes sold in 2009, 22 of them short sale listings!

Office: (248) 644-4700x242 Fax :(248) 499-1020

4120 Telegraph Rd, Bloomfield Hills, MI 48302 E-mail: mike@mikerealtor.com www.ShortSaleOaklandCounty.com    Blog/Profile: www.mikerealtorblog.com

Web: www.mikerealtor.com

The Mike Realtor Team Blog - Metro Detroit/OaklandCounty Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City But,

We Can Help! This is a competitive real estate market. If you have to sell and can not, perhaps it is time to look at a Short Sale. The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.

The old saying is still true, “people to don’t plan to fail, they fail to plan. Short Sales are predictably un-predictable. What does that mean? You can always predict that something will go wrong, or will be missed, or overlooked. So, it is time to remember what was passed on from one Boy Scout to Boy Scout, “Be Prepared”. So basic and yet so wise!

Be Prepared:

1. Order Pre-title.

2. Only take a short sale that you know you can close.

3. Be confident but not cocky.

4. Make sure the offer you accept is one that will make value.

5. Meet the BPO Agent

6. Educate the seller before you start the process.

7. Educate the buyer before you start the process.

8. Never make promises that you can’t keep.

9. Call the bank back the same day they called you, in fact always call everyone back.

10. Give good news quick and bad news quicker.

11. Prepare the borrower for the best case and worst case outcome before you list the home.

12. Treat everyone honestly.

13. Read every document before acting.

14. Know the local laws and any changes that have occurred.

15. Never give up. If you take a Short Sale listing on, it is yours to finish.

16. Give it 100% and everything else will work out.

17. Remember, the Realtors job is to make sure everyone else does their job. “The Buck Stops With You”

18. Call the bank three times a week

19. Ask the bank the right questions, even if you think you already know the answers.

20. Know the process.

21. Do not skip steps even if it will save you some time.

22. Always have a plan B.

23. Have a Plan C, just in case.

24. A Short Sale is like Chess, must think 4 steps ahead.

25. Keep all parties informed and never lose hope.

The most important thing is to prepare for the fact that the seller, the buyer and the community are counting on you to get this short sale done. With Short Sales, we assume the responsibility that if we fail, the seller may not get a 2nd chance. Only take a Short Sale on if “You Plan NOT to Fail!!! “

Mike Sher

56 homes sold in 2009, 22 of them short sale listings!

Office: (248) 644-4700x242 Fax :(248) 499-1020

4120 Telegraph Rd, Bloomfield Hills, MI 48302 E-mail: mike@mikerealtor.com www.ShortSaleOaklandCounty.com    Blog/Profile: www.mikerealtorblog.com

Web: www.mikerealtor.com

The Mike Realtor Team Blog - Metro Detroit/Oakland County Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City But,

We Can Help! This is a competitive real estate market. If you have to sell and can not, perhaps it is time to look at a Short Sale. The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.

Must be a team player!  Buyer's Agent will uphold the company policies, procedures, and core values of the team.  Any team is only as strong as its weakest link and in many ways each partner in their own way is the heart of the team.   They will love you and be loyal lifelong clients of the Team!  And tell all of their friends what a fantastic job you did! 

Responsibilities and Requirement

• Must be available and flexible to show properties to buyers (must have your own transportation to do so)
• Must hold active Michigan Real Estate Sales Person License
• Must be a member of Realcomp and proficient with MLS systems
• Must be a Outgoing & Personable
• Able to work with many types of personalities
• Must have strong phone skills
• Must be tech savvy (ie: check & respond to emails often through the day, text, Internet proficient, pdf, scanning, etc.)
• Must be able to follow up on buyer leads.
• Must be able to write offers and negotiate offers.
• Attend the inspection, walk through and closing with buyers.
• Must be organized and detail oriented. .
• Able to correctly answer questions (or find out answers) to satisfy buyers.
• Must have an "Above & Beyond" positive attitude!  (90% of the sale is whether the client likes you!)

For more information, email resume to mike@mikerealtor.com

Mike Sher

Max Broock Realtors

Just closed my 21st short sale this year!!  Below is a letter from my client. 

Dear Mike,

I just want to thank you again for all the hard work you did in short-selling my condo in Royal Oak. In these times that are extremely difficult financially for so many people, you are making a true difference in so many people's lives. You helped to save me from having to go into foreclosure. You were confident and encouraging the entire time, and I think it was your positive energy that helped us to hurdle all the obstacles in the path. Thank you also for always keeping me up to date the entire time with e-mails and records of how you were creatively advertising my condo., scheduling all the showings, all the phone calls to the bank, and finally all the phone calls with the buyers. You made the whole process smooth sailing.

You have an amazing gift, and your integrity in your business dealings shines through. Now, I feel hope to go on with my life and make a fresh start. I'll be sure to refer you to anyone I come across who needs similar help.

Take care and Happy New Year!

Sincerely,
T. K.

Mike Sher 

ShortSaleOaklandCounry.com

Max Broock Realtors

(248) 644-4700  or ShortSale@mikerealtor.com

Just closed on my 21st short sale of the year.  This was a Royal Oak townhome that we sold for 40% of what my client owed.  My client had been out of work for 9 months and could not find any new employment.  She was burning through her savings and was scared.  The borrower could not get a loan modification because she had no income and soon she was going to have to walk from her home.  This was not in her nature for she was a spiritual person who does not like to walk away from her problems.  Her mother found me though reading my blog on short sales.  I must admit, when I first spoke to her, I was not going to take the listing.  The condo was going to be very hard to sell since the units were unwarrantable.  This means that the buyer would have to pay cash. This would lower the sale price to below $40,000.00 and since she had two loans, I knew that this would be a tough short sale.  But, she seemed so nice, I could not say no.  Well we closed and below is a letter she wrote for me. 

The moral is that the best way to keep a client is to make them a happy client.

Mike Sher

Dear Mike,

I just want to thank you again for all the hard work you did in short-selling my condo in Royal Oak. In these times that are extremely difficult financially for so many people, you are making a true difference in so many people's lives. You helped to save me from having to go into foreclosure. You were confident and encouraging the entire time, and I think it was your positive energy that helped us to hurdle all the obstacles in the path. Thank you also for always keeping me up to date the entire time with e-mails and records of how you were creatively advertising my condo., scheduling all the showings, all the phone calls to the bank, and finally all the phone calls with the buyers. You made the whole process smooth sailing.

You have an amazing gift, and your integrity in your business dealings shines through. Now, I feel hope to go on with my life and make a fresh start. I'll be sure to refer you to anyone I come across who needs similar help.

Take care and Happy New Year!

Sincerely,
T. K.

There are millions of homeowners who owe more on their home than it's worth and don't know what to do. If you or someone you know is in this situation, I'm here to let you know that there are answers.

However, there's also a lot of confusion in the market today. One myth I often hear is that one particular option-a Short Sale-is basically the same as foreclosure. The people who say this couldn't be more wrong!

I want you to know the real facts, and to let you know that there are answers available.

At WWW.ShortSaleOaklandCounty.com I've prepared a free report to illustrate the differences between a short sale and a foreclosure - so you can see the advantages for yourself! This report shows the consequences of both, and provides valuable information about your options.

As a Certified Distressed Property Expert, I have seen the advantages a short sale can have on a homeowner's financial future as an alternative to foreclosure.  I have a strong understanding of foreclosure avoidance options, and I am trained to execute a short sale quickly.

I sincerely hope that you will use this information and pass it along to those in need. Getting the right information is the key to getting back on track.

Please, contact me any time with your questions or concerns.

I'm here to help.

Mike Sher
Max Broock
248 644-4700 X242