This is a Birmingham Short Sale that I listed and closed. My seller needed to sell. He was forced to relocate; his occupation was not in demand any more and his income was reduced to half. He and his wife were thrilled with my services. Without a Short Sale, he would have been foreclosed on. This would result in years of debt and probable litigation with wage garnishments.
Some Homes have become an anchor that prevents the owner from progressing with the rest of their lives. A SHORT SALE can cut the rope which allows the seller to move on to a brighter future with our the baggage of the past.
PROFILE:
Location: Down Town Birmingham, MI
Type: Single Family Home, 2100 Sqft, 3 bed, 2.1 bath, basement and garage
Condition: completely updated with granite countertops, remodeled baths and more.
Lender: Wells Fargo
Amount Owed: $630,000
Sold Price: $385,000
List Date: 09/17/2007
Closed Date 06/06/2008
Negotiation time: 4 month
Amount owed by seller post closing: zero
Seller's out of pocket costs: less then $1000
Hardship: loss of income, failing business and forced to relocate.
Happy Seller, Happy Buyer and One less Foreclosure in Michigan.
Call me, I can help
Mike Sher,
(248) 644-4700
CDPE (Certified Distress Property Expert)
MCAR, Short Sale Trainer
Max Brook and Real Estate One Short Sale Specialist.
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.
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