short sale: 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)

short sale: Is your Bloomfield/Birmingham Agent, A Bank Of America Short Sale Realtor, by: Mike Sher (248) 496-1572 - 04/26/12 07:11 AM
 The Mike Sher Team, Max Broock Realtors, (248) 496-1572 is proud to be a Bank of America Equator Approved Realtor.
 
Having a Real Estate Licenses is not enough to be a Short Sale professional. What elevates a Realtor to a Short Sale professional?:
1.      How man of short sales that have closed?
2.      Do they negotiate the short sale or pass the file to another company to do it?
3.      Are they educated in short sales?
4.      Do they teach short sales to other realtors, CPA’s or Financial Planners?
5.      Do they keep up to date on the ever changing … (0 comments)

short sale: Oakland County Short Sale Realtor "Strategic Default is not the best option for distressed homeowners in Oakland County " Mike Sher Max Broock Realtors (248) 496-1572 - 04/25/12 06:45 AM
 FOR IMMEDIATE RELEASE                                                                                              For more information, please contact: 
                                                                                                 Michael B. Sher248-496-1572- Team@mikerealrtor.com
 
Strategic Default is not the best option for distressed homeowners in Oakland County
 
 Bloomfield Hills, Michigan – 04/25/2012 – For homeowners in danger of losing their home, walking away might seem like an attractive solution. “Many distressed homeowners in Oakland County have been getting bad advice when it comes to strategic default,” said Mike Sher, CDPE … (0 comments)

short sale: 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)

short sale: Birmingham Short Sale Realtor Press Release Unmanageable Mortgages Continue to Cloud Family Finances and Real Estate Recovery - 03/14/12 10:31 PM
FOR IMMEDIATE RELEASE                        For more information, please contact: 
                                                                                                                                    Mike Sher
               248-496-1572
                                                                                            ShortSale@MikeRealor.com

Unmanageable Mortgages Continue to Cloud Family Finances and
Real Estate Recovery
Birmingham, MI – March 15th 2012 – “The stress of an unmanageable mortgage can cloud everything,” said Mike Sher, CDPE Max Broock Realtors. “With nearly one-fourth of all homeowners owing more on their mortgage than their home is worth, the nation’s overall stress level is in the stratosphere,” Sher added.
Connected to a network of professional committed to solving the nation’s foreclosure crisis one homeowner at a time, Mike’s message to financially … (0 comments)

short sale: Birmingham, MI Short Sale Realtor asks "Is Your Mortgage out of Balance with your Budget?" Certified Distressed Property Expert - 02/28/12 01:33 AM
It can happen quickly.  
An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance.
 Once the scales turn against you, it can feel like it is impossible to ever tip them back in your favor again. When your financial problems reach the point where they threaten your home, it is difficult to manage the stress. Sometimes it is even difficult to force yourself to seek help.
As a real estate professional who has … (0 comments)

short sale: Short sale Birmingham Michigan Tip #58, understanding the short sale parties!!!, Mike Sher (248) 644-4700 x 242 Max Broock Certified distressed property expert. - 11/13/11 11:57 PM
Often short sale sellers and short sale buyers get confused about “how many cooks are there in the kitchen”. 
·       A buyer can’t understand how they write a full price offer on a home and yet 60 days later the bank counters above the list price.    
·       Or, a seller who was told that the short sale was approved by the bank (servicer) and then 30 days later FNMA the “Investor” denies it.  
·       Sometimes the listing agent tells the buyer’s agent that the short sale was approved with certain terms and after the buyer writes that offer, … (1 comments)

short sale: Novi MI MACPA's Short Sale Guru, Mike Sher to teach at The Michigan Association of Certified Public Accountant's Construction Industry Conference In Novi September 27, 2011 - 09/27/11 02:25 AM
Novi MI MACPA's Short Sale Guru, Mike Sher to teach at The Michigan Association of Certified Public Accountant's Construction Industry ConferenceIn Novi September 27, 2011 Mike Sher will be this years Short Sale Expert Speaker for the MACPA's Michigan Conference September 27th in Novi MI
Mike will be speaking about the Strategies Short of Foreclosure: Real Estate, Short Sales and Beyond.  To learn more about Mike Sher check out his blog.
You can contact Mike Sher at his Max Broock Office (248) 644-4700 or email him at ShortSale@mikeRealtor.com

 

 
I’m excited about acting as a resource for more … (0 comments)

short sale: Short Sale Tip # 61 Birmingham Michigan: Don't wait to start the short sale process. “You HAFA ta try!!” Mike Sher (248) 496-1572, Max Broock Realtor - 07/21/11 08:14 AM
Short Sale Tip # 61 Birmingham, Michigan:  Don't wait to start the short sale process. “You HAFA ta try!!” Mike Sher (248) 496-1572, Max Broock Realtor
 Often real estate agents wait to start the short sale process until they have an offer.  This is a BAD idea and if the seller is not making payments it is a worse idea.  In short sales, time is not on your side.  So why not try and make some headway with banks before you have an offer.  Perhaps the seller can go HAFA (Home Affordable Foreclosure Avoidance) program.  This program offers full deficiency release, $3000 seller … (0 comments)

short sale: Birmingham Short Sale Agent Offers Straightforward Solutions to Avoid Foreclosure - 02/08/11 11:06 AM
Birmingham Short Sale Agent Offers Straightforward Solutions to Avoid Foreclosure
By Mike Sher, Max Broock Realtors
Dated: Feb 08, 2011
Bloomfield Short Sale Realtor Releases New Report Outlining Straightforward Solutions for Homeowners
Seeking to Avoid Foreclosure . www.ShortSaleOaklandCounty.com  Services; Bloomfield, Birmingham,
Beverly Hills, Rochester, West Bloomfield and Troy.
Online report outlines lender participation and government programs for homeowners struggling to make
mortgage payments in Oakland County MI
Bloomfield Hills, MI , February 8th, 2011 - Local CDPE-designated agent, Mike Sher of Max Broock
Realtors, has developed a website report providing information regarding the availability of lender and
government programs to avoid … (0 comments)

short sale: Bloomfield Michigan Short Sale Expert Press Release "Struggling Homeowners Seeking to Work With Lenders to Find Solution" Mike Sher (248) 644-4700x242, Max Broock - 01/25/11 08:22 AM
Bloomfield Michigan Short Sale Expert Press Release "Struggling Homeowners Seeking to Work With Lenders to Find Solution" Mike Sher (248) 644-4700x242, Max Broock
FOR IMMEDIATE RELEASE                               
For more information, please contact:   Mike Sher, Max Broock Realtors ,248 496-1572,  mike@mikerealtor.com
Local Agent Releases New Report for Struggling Homeowners Seeking to Work With Lenders to Find Solution 
Online report outlines foreclosure alternatives for homeowners struggling to make mortgage payments in Oakland, Macomb and Wayne/Detroit Metro Area.
Bloomfield Hills, Michigan- 1/25/2011 - Local CDPE-designated agent, Mike Sher of Max Broock Realtors has developed a website providing information describing several opportunities for homeowners to avoid the … (0 comments)

short sale: Birmingham MI Short sale tip #59, "What do you mean I still owe money?"Mike Sher (248) 644-4700 x242 Max Broock Realtors Certified Distress Property Expert - 01/20/11 01:07 AM
 Birmingham MI Short sale tip #59, "What do you mean I still owe money?"Mike Sher (248) 644-4700 x242 Max Broock Realtors Certified Distress Property Expert
Often Short Sale sellers are told that in a Short Sale you will not have to pay the bank back any money.  Some times that is true and sometimes it is not.  Remember when you got the loan you signed both a mortgage and a note.  The MORTGAGE is a lien on the home so if you default on the note, the bank has the right to seize the home as collateral.  While the NOTE; is … (0 comments)

short sale: 2010 Oakland County Michigan Short Sale, Bank Owned and Traditional Sale Market Share by Mike Sher, (248) 644-4700x242, Max Broock - 01/13/11 03:58 AM
2010 Oakland County Michigan Short Sale, Bank Owned and Traditional Sale Market Share by Mike Sher, (248) 644-4700x242, Max Broock
So, what is the break down of the Oakland County Michigan housing market anyways?   We have all read the articles, watched our CNBC and local media outlets.  We have heard speeches from Bush and Obama, Granholm and John/Jayne Q Taxpayer; now here are the numbers.
As the chart shows, the distress Market is a major part of the Oakland County housing market.  Distressed sales made up 54% of sales in 2010, (of that 39% Bank Owed and 15% Short Sale.)  The … (0 comments)

short sale: Michigan Short sale tip 51, the unguided trail through Abyss, Mike Sher (248) 644-4700x242 servicing Oakland, Macomb and Wayne Counties. - 01/11/11 03:06 AM
Just got a call from short sale seller in the Detroit area, whose Realtors has given up. He is negotiating a short sale with SunTrust.  1st lien is Freddie and the 2nd held by SunTrust with the EVIL MORTGAGE INSURANCE  (boo, hsss, boo).  Well his realtor seems to be on sabbatical, now our poor seller stands alone, calling other Realtors for help, with the same desperate look as the guy who holds the "work for food sign" of the expressway.  This is a sad development that I have noticed.  Many of my fellow Realtors have developed a "when going gets tough, the Realtors gets gone", … (1 comments)

short sale: Rochester hills mi short sale " Freeze On Foreclosures", Mike Sher (248) 644-4700 x242. Max Broock Oakland County - 01/10/11 10:04 AM
As you can probably imagine, I have been busy helping distressed homeowners, and I wanted to take this opportunity to get in touch and offer my assistance to anyone you know who might be in a similar situation.
You've probably read or heard in the news that politicians across the nation are asking for a federal foreclosure moratorium. This may seem like a gift, especially during the holidays, but the reality is that a foreclosure freeze is not the answer to the problem of foreclosure.
You may know by now that I've earned my Certified Distressed Property Expert designation, and I … (0 comments)

short sale: Short Sales Birmingham MI! "Escape The Grip Of Foreclosure With a Short Sale". Mike Sher, (248) 644-4700 x 242, Max Broock Realtors - 01/04/11 03:25 AM
Oakland County Home Owner!
Did you know nine trillion dollars of home equity has been erased over the last four years? Or that the total number of foreclosures has jumped at least 40% per year since 2006? Economists expect another record number of foreclosures in 2011!
In Oakland County Distressed sales comprised 54% of the entire market for the year of 2010.  Realcomp Data
The good news is that I can help. As a CDPE, I have received extensive training to help homeowners who are struggling with their mortgage payments by showing them alternatives to foreclosure. With your help, I can restore hope for … (0 comments)

short sale: Farmington Hills Michigan, Short Sales increase by 126% in 2Q 2010. "Each Short Sale is One Less Foreclosure" Say Mike Sher, CDPE - 10/04/10 09:30 AM
 Farmington Hill MI, Short Sales increase by 126% in 2Q 2010. "Each Short Sale is One Less Foreclosure" Says Mike Sher, CDPE (Certified Distress Property Expert) Max Broock Realtors (248) 644-4700 x242 or www.ShortSaleOaklandCounty.com
This U.S. Treasury 2Q 2010 Mortgage Metrics Report below clearly shows that our distress real estate market will continue to be with us for awhile.  The good news is that though foreclosures are still on the rise by 53% in past year, Short Sales are up by 126% and even Deed-in-Lieu is up by 55%.  The amount of new retention actions (loan modifications) are down -28%.  … (1 comments)

short sale: Short Sale West Bloomfield MI, know how to accept a Bank of America Equator Counter offer Mike Sher (248) 644-4700 - 07/08/10 06:50 AM
Below is an email from BOA explaining how Counter offers are to be handled and the fact that though BOA may accept an offer, the file still must be approved from the investor.  Good info, Read Below:
 
 
Realtors have told us the better they understand the counter offer process, the more successful they are in closing short sales.
 The following facts related to the counter offer process are critical to closing short sales in Equator.
act #1: Your acceptance of the counter offer terms does not mean the transaction is approvedAcceptance of the counter offer means that Bank of … (6 comments)

short sale: Franklin MI, Short Sale's & REO's = 60% of the Market, Can't Run From it, Have to Embrace it! Mike Sher (248) 644-4700 Distress Property Expert. - 06/01/10 05:21 AM
The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Novi, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher
Three years ago the average realtor would not show a Foreclosure/Short sale home, let alone list one.  At that time, 91.5% of sales were traditional retail. The fact that majority of agents would not touch those "Whole Sale" properties created a nitch for a few specialized Realtors.  These agents learned how to work with distress properties.  They became both successful … (0 comments)

short sale: Short Sale Birmingham MI, Pick the Realtor with Experience! Mike Sher (248) 644-4700 x242 Max Broock Distress Expert. - 05/27/10 01:56 AM
Mike Sher 2009 Track Record: 56 homes sold, 22 Short Sales and 365 of Focus  
Many Short Sale sellers pick a Realtor because of a past real estate transactions or none real estate relationship.   This Realtor is a friend, family, past buyer's agent or Sellers agent before the bottom dropped.  Though that was the way to find a Realtor in the past, now you need a Realtor that is thriving in today market.  With a Short Sale, you do not want the agent who is gaining on the job experience with your short sale.   
Remember, with a short sale, you may … (1 comments)