default: Stages of Foreclosures in Michigan
- 08/16/10 11:35 AM
Success! We have broken an impasse that we were having with one lender who believed a home was worth $50,000 more than we knew it was worth. This happens a lot when they have an inflated appraisal from a refinance. My team has specific techniques to prove to the lender the real market value of a home. Now we should be able to effectively market the home and get an offer. And we are assured that the lender will listen now that the true market value is determined. This is a true success for this family that was trapped in the … (0 comments)
default: Strategic Defaults and Short Sales
- 08/10/10 12:45 PM
Strategic Defaults Running Rampant I first started hearing and reading about strategic defaults in late 2009. My team would frequently talk to sellers (both non-listed and those referred to us by REALTORS®) who fit this description, and I never knew what to call it until this label was created. I’m very disturbed by the trend my team has seen lately with so many sellers who are strategically defaulting. This article describes what a strategic default is and most importantly our policy (which you may want to adopt in one form or another) for dealing with sellers who are involved with … (0 comments)
Success! We have broken an impasse that we were having with one lender who believed a home was worth $50,000 more than we knew it was worth. This happens a lot when they have an inflated appraisal from a refinance. My team has specific techniques to prove to the lender the real market value of a home. Now we should be able to effectively market the home and get an offer. And we are assured that the lender will listen now that the true market value is determined. This is a true success for this family that was trapped in the … (0 comments)
;)
;)
;)
