seller: Reasons To Consider a Short Sale Versus Letting Your House Go Into Foreclosure - 11/08/11 12:18 AM
Because my business model is geared at helping people out of unfortunate situations they may be in during today's real estate craziness.  The question I'm asked most is Should I let my home go into foreclosure or 'try' a short sale.  My FIRM answer is to complete a short sale.  And here are a few reasons why: Reasons To Consider a Short Sale Versus Letting Your House Go Into Foreclosure
 
-          Short sale sellers are widely seen as less risky than foreclose sellers.  Fannie Mae recently adjusted their guidelines to dictate only a two year waiting period for a short sale … (0 comments)

seller: What if the Seller is Moving During Short Sale Negotiations? - 09/12/10 01:23 PM
One of the most frequent questions I get is: “What if the seller has moved out or they plan on moving out?” Handling this correctly could mean the difference between making the deal work, and having it die much sooner that you thought possible and here’s why.
In Michigan, the lender has the right to shorten the redemption period from 6 months (or longer) to 30 days if they deem the property “abandoned”. What is “abandoned”? Well, that seems to be a VERY grey area. The only thing a lender needs to do is to post a notice on the house … (2 comments)