bloomfield hills: West Bloomfield MI Short Sale, Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away. Mike Sher, Certified Distressed Property Expert, Max Broock, (248) 496-1472 - 05/03/12 04:33 AM

West Bloomfield MI Short Sale, Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away. Mike Sher, Cetrfied Distressed Property Expert, Max Broock, (248) 496-1472
Perhaps you have heard about it.
On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their homes. It sounds crazy, but many people are being led to believe that walking away from their home is a good (or even the best!) option.
It is called Strategic Default. For distressed homeowners who believe that they have no good choices left, the … (0 comments)

bloomfield hills: Farmington Hills Short Sale Realtor Presents; Fast Track to Short Sale Success, May 1st from 9 am - 12 pm By Mike Sher, Certified Distress Property Expert, Max Broock Realtors, Bloomfield Hillls Michigan - 04/27/12 12:08 AM
Please come and Join me as I show how Short Sales are more about effort and less about certifications.
Mike Sher

(0 comments)

bloomfield hills: Short Sale Bloomfield MI Realtor Mike Sher's "The Art of Negotiating a Short Sale" - 03/15/12 11:40 PM
Short Sale Bloomfield Realtor Mike Sher's "The Art of Negotiating a Short Sale"
 
 

About Mike Sher - Mike Sher- CDPE Associate Broker (248) 496-1572, mike@mikerealtor.com · He has negotiated over100’s short payoffs for his clients.· He is a Short Sale expert panelist for the Real EstateInvestors of Oakland.· He is Real Estate One's and Max Broock's ShortSale consultant and Short Sale Instructor· He is a published Short Sale resource for the DetroitFree Press, Detroit News and the C & G NewsPapers.· He has a over 90% Short Sale success rate (nationalaverage is 44%)· He has instructed over 800 … (0 comments)

bloomfield hills: Bloomfield Hills, MI " Short Sale Success goes beyond the commission check" - 05/23/11 01:22 PM
(0 comments)

bloomfield hills: Are you eligibility for HAFA or HAMP, Oakland County MI Short Sale - 04/06/10 09:14 AM
 
Government Programs …Check Your Eligibility Now. There are a number of government programs available to provide you with solutions. See which program below matches your situation best, and then take the survey to see if you are eligible.
 
http://www.shortsaleoaklandcounty.com/Eligibility.aspx
 Mike Sher
Max Broock Realtor, Bloomfield Hills
(248) 644-4700
ShortSaleOaklandCounty.com
 
 
 
(1 comments)

bloomfield hills: Bloomfield Michigan: JUST SOLD Short Sale 338 Cranbrook!! by Mike Sher Realtor Team - 02/02/10 12:22 AM
 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
 
 

(3 comments)

bloomfield hills: Birmingham Short Sale Real Estate Tip #29, Know HAFA (Home Affordable Foreclosure Alternative), MI Oakland County. - 12/08/09 07:09 AM
Short sale rules change quickly and quietly.  What does that mean?  It means that the new directive from the Treasury Department did not make my morning newspaper or was splashed all over CNN.  It was sent by email from FNMA, buried in my junk mail.  Like always Important News never makes the NEWS.
So here is the News, which is GOOD NEWS!!  The Treasury Dept has announced that they have added a new program to HAMP (Home Affordability Modification Program).  HAMP is the program that was created so servicers were able to offer loan modifications for people who were facing foreclosures.  Well, it … (5 comments)

bloomfield hills: Ahoy There, A Bottom is in the Horizon! Oakland County, MI Real Estate - 12/08/09 05:25 AM
Could it be?  Do my feet feel solid land?  Maybe sunny skies are here again!  Well we are not there yet, but for the first time, in a long time, the numbers show promise.  Below are the November sales number for The Real Estate One group of companies (Max Broock, Real Estate One and Johnston & Johnston), which makes up the largest broker in South East Michigan. 
These numbers show, that between the First Time Home Buyer Credit and the fact that real estate is dirt cheap here, homes are selling!   Not just selling, but selling for more then they did the same time last year. I know … (0 comments)

bloomfield hills: New Short Sale Website for Oakland County Home Owners http://www.ShortSaleOaklandCounty.com/, Oakland County, MI - 11/12/09 09:36 AM
The Mike Realtor Team is proud to announce that we have launched a new Short Sale Website!!!
New Short Sale Website for Oakland County Home Owners http://www.ShortSaleOaklandCounty.com/, Oakland County, MI
This website was made for consumers to learn about Loan Modifications, Short Sale and Foreclosures.  It has many reports that are easy to read and understand. As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.
 Please check out … (0 comments)

bloomfield hills: Short Sale Real Estate Agent Tip #28, Have a Website Dedicated to Short Sales, Birmingham, MI - 11/12/09 09:26 AM
One of the most important things about being a short sale Realtor having quality content about short sales that sellers can read on-line.  Often, Short Sale Sellers, do not want to call a Realtor first.  They want to learn as much as they can before deciding which agent to work with.  Make sure you have good on-line content and you clients will be happy to work with you.
Content like:
Short sale website, (mine is http://www.shortsaleoaklandcounty.com/) Write a blog about short sales, like Active Rain. Put information on your linked-in page. Your Face Book is a great place to link articles about short … (0 comments)

bloomfield hills: November 11th 2009 Real Estate Agent/Realtor tip #4 " Know the Scoop of the Home Buyer Tax Credit " Bloomfield Hills, MI - 11/06/09 01:46 AM
As buyer's agent we need to know the answers to the Home buyer tax credit Frequently Asked Questions.  It is very embarrassing if your buyer knows more about the changes in your profession then you do.  Please see the below NAR FAQ Sheet for the Home buyer Tax Credit Changes. 
READ it NOW!!!  I assure you in today's instant messaging world, your buyer knows about these changes 10 seconds after they happen.
 
Happy house hunting.
Mike Sher, Max Broock, Bloomfield/Birmingham Michigan
(248) 644-4700 x242, mike@mikerealtor.com
 

(0 comments)

bloomfield hills: Buyer Real Estate Agent/Realtor tip #3 "Know The (New) Home Buyer Tax Credit Changes"Birmingham, MI - 11/06/09 01:26 AM
Great news for all of you Buyers  & Sellers!!!  The Home Buyer Tax Credit is out and looks great.
Buyers:
Starts December 1st 2009 to April 30th 2010 $8000 for 1st time home buyers $6500 for current homeowners Current homeowners "Must  have used the home sold or being sold as a principal residence consecutively for 5 of the 8 previous years." Must have contract to purchase by 4/3/2010 Must close by 7/1/2010 Income limits: $125,000 single income $225,000 married Sellers:
More buyers are going to be in the market to buy your home.  Reduced inventories will raise sale prices less foreclosures … (0 comments)

bloomfield hills: Max Broock Short sale Real Estate Agent Tip #27, Great Short Sale Website For Consumers www.shortsaleoaklandcounty.com, Bloomfield/Birmingham, - 10/11/09 09:02 AM
Here is a great site to evaluate if you are a good candidate for a Short Sale.  You will find great content like:
Foreclosures solutions Short Sale explanation FAQ's about Short Sales Under resources you will find 3 reports Options and Solutions Foreclosure Vs. Short Sale 7 Short Sale Myths Plus on the right side of the screen you will find a report on: Understand your options and learn what you can do next. Both of the links below will get you to the site.  Call me if you have any questions or need my help.
Shortsaleoaklandcounty.com
Mike Sher                                                                     
Office: (248) 644-4700x242   Fax … (0 comments)

bloomfield hills: Mike Sher Team Moves to Max Broock Bloomfield Hills (Birmingham), MI 48302 - 10/11/09 08:19 AM
To all of my loyal Blog Readers and to those who just want to know where I am. I have accepted the position as the newest Associate Broker at Max Broock Realtors in Bloomfield Hill. Please feel free to contact me there for any of your Real Estate questions or needs. My new contact information is below.
Mike Sher                                                                     
Office: (248) 644-4700x242   Fax :(248) 499-10204120 Telegraph Rd, Bloomfield Hills, MI 48302E-mail: mike@mikerealtor.com            
Blog/Profile: http://activerain.com/mikerealtor  Web: www.mikerealtor.com                   
Linkedin: http://www.linkedin.com/in/mikesher  CDPE: http://hosted.cdpe.com/MikeRealtor/
 
(1 comments)

bloomfield hills: Short Sale Real Estate Agent Moves to Max Broock Bloomfield Hills (Birmingham), MI 48302 - 10/11/09 08:12 AM
 To all of my loyal Blog Readers and to those who just want to know where I am.  I have accepted the position as the newest Associate Broker at Max Broock Realtors in Bloomfield Hill.  Please feel free to contact me there for any of your short sale questions or needs.  My new contact information is below.
Mike Sher                                                                     
Office: (248) 644-4700x242   Fax :(248) 499-10204120 Telegraph Rd, Bloomfield Hills, MI 48302E-mail: mike@mikerealtor.com            
Blog/Profile: http://activerain.com/mikerealtor  Web: www.mikerealtor.com                   
Linkedin: http://www.linkedin.com/in/mikesher  CDPE: http://hosted.cdpe.com/MikeRealtor/
 
The Mike Realtor Team Blog - Metro Detroit/Oakland County
Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly … (0 comments)

bloomfield hills: Birmingham Short Sale Realtor Tip #25, "I never worry about ACTION, but only about INACTION", Winston Churchill. Michigan! Mike Sher - 09/10/09 03:39 AM
Often Realtors, Clients or Friends ask me what is the key to Short Sale success.  As you can guess from the Churchill quote above, "ACTION" is the key to success.  This quote also covers why Short Sales fail "INACTION".   Below I have listed examples of Action and Inaction: so you know the difference.
Action:
Faxing 3rd party authorizations the day you get the listing & ordering pre-title. Getting the hardship package scanned and prep with in the first weeks of the listing.  Lowering the list price every 10-15 days until you get an offer  Calling the back every time you fax … (0 comments)

bloomfield hills: Short Sale Realtor Tip #24, Both Borrowers & Lenders Are Walking Away From The Home, With The Borrower Left With The Bag! Beverly Hills, Michigan! Mike Sher - 09/09/09 07:06 AM
The link below comes from a CNN report on how banks are foreclosing on borrowers but never taking title so the borrowers are foreclosed on but still have all of the obligations as owners of the home.  All city fines, taxes, assessment and any violations from the municipality are still the responsibility of the now foreclosed borrower.  Also don't forget the balance of the note plus late fees and interest are still the obligation of the borrower. 
Why would the bank do this?  The value of the asset (borrower's home) has declined to a point that it would cost the bank … (1 comments)

bloomfield hills: Waterford Short Sale Realtor Tip #20, Whose Turn is it to Call the Bank?, Bloomfield Hills, Michigan! Mike Sher - 08/09/09 06:06 AM
 

I was talking to a Birmingham Short Sale Seller who happened to be listed with another Realtor (no one is perfect :) ).  The Seller happened to have read my blog and was calling me for advice.  His/her agent, a well known and accomplished local Realtor, was not as proficient in Short Sale negotiations as the seller thought they would be.  The Seller became aware of this after signing a six month listing agreement.   The problem was the listing Realtor was barley communicating to the bank at all with an offer that was 2 months old and getting older.  The … (5 comments)