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short sales: Short Sale Field added to the Ann Arbor Area MLS - 09/24/09 07:37 PM
The short sale field has bee added to the Ann Arbor Area MLS as of today. As Chair of the MLS Committee last year and Director Liason this past year we have been working on this for 2 years.
Seems like it would have been easy to offer a way to search when a client called and asked for help in purchasing a short sale or foreclosure but....there was a lot to debate. You know how committees are?
If a home is being sold "short" or is a "foreclosure" this is now a required field in the MLS. Right now each … (72 comments)
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short sales: Short Sales, BPO's, and Going Inside the House - 07/22/09 07:43 AM
Right now I am in the midst of a short sale negotiation.
I finally got to a negotiator this week after submitting the complete package on June 3rd. Of course like all short sales you get the run around for days, weeks, a month?
I had been asking for the BPO's to be done, we have an anxious buyer who like most was getting tired of not hearing. I am working with an experienced Realtor representing the Buyer and have kept them updated every week.
For weeks I was told they had requested the BPO, didn't understand why no one had … (33 comments)
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short sales: Short Sales in Ann Arbor - 01/26/09 07:03 PM
Last week I received my Short Sale Certification and will currently be available to assist homeowners in Washtenaw County that are in this unfortunate situation.
The first step will be to see if we can get you a loan modification of your current mortgage by working with your lender.
In 2005 we had the highest number of home mortgages adjustments.(ARM)
In 2007 we were only selling about 10% of homes selling short. That has risen now risen and will continue to rise in 2010 as many ARM (Adjustable Rate Mortgages) are due to re-adjust again.
The banks are now more … (9 comments)
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short sales: Chelsea, Dexter and Milan "Short Sales" - 11/06/08 10:48 AM
Yesterday I wrote a post on Short Sales in Ann Arbor, Saline and Ypsilanti Township.
Today I am going to link to the areas of Chelsea, Dexter and Milan. "Short Sales" occur when the current home owner is not able to sell their home for the amount they owe the bank on. The common term is the home seller is upside down on their mortgage.
Most people needing to sell their home "short" is due to loss of job, medical reasons or a job transfer. If you are a buyer and have the patience to wait these out, they become a very … (9 comments)
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short sales: Ann Arbor, Saline and Ypsilanti Township "Short Sales" - 11/05/08 06:44 PM
Short Sales are getting alot of attention in the Ann Arbor Area. A short sale is when a home owner owes more on their home than the current market conditions will allow them to sell for. You may have heard the it said this way, "the seller is upside down on their mortgage.
Buyers are able to purchase these homes for less than the what is owed to the banks. To purchase a short sale in the Ann Arbor Area, it is important to have lots of patience. Typically a short sale takes a minimum of 12 weeks to work through … (9 comments)
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short sales: Short-Sale and Foreclosure Expert on Activerain, I need your Recommendations - 03/05/08 11:26 AM
I have a question, directed to all the short sale and foreclosure experts here on Activerain.
We had this discussion this morning at our board meeting of the Ann Arbor Board of Realtors.
When you list a short-sale or a foreclosure in the MLS, you offer a co-broke commission to the Realtors as an offer of compensation if they bring a ready and willing buyer.
Then the bank comes along and says, “No, we will only pay XXX”, that is much lower than what you offered in the MLS. The Buyer Agents have been saying, too bad, you offered this … (62 comments)
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Missy Caulk-Ann Arbor-Realtor® Ann Arbor Real Estate
Ann Arbor,
MI
More about me…
Keller Williams-Ann Arbor
Address: Ann Arbor, Saline, Dexter, Chelsea, Milan, Whitmore Lake, Ypsilanti, Manchester, Washtenaw County, Ann Arbor, MI, 48104
Office Phone: (734) 926-9797
Cell Phone: (734) 216-2822
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