short sale: Rochester Hills MI Short Sale Just Sold, Oakland County MI Mike Sher Max Broock Realtors
- 05/04/10 03:29 AM
Short Sale Rochester Hills MI Just Sold, Oakland County MI Mike Sher Max Broock Realtors The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, 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 The Mike Realtor Team is proud to announce that our Rochester Home 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 … (0 comments)
short sale: Short Sale Rochester MI Just Sold, Oakland County MI Mike Sher Max Broock Realtors
- 05/04/10 03:01 AM
The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, 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 The Mike Realtor Team is proud to announce that our Rochester Home 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 … (0 comments)
short sale: Short Sale Royal Oak MI Just Sold, Oakland County MI Mike Sher Max Broock Realtors
- 05/04/10 02:54 AM
Royal Oak Short Sale Just Sold, Oakland County MI Mike Sher Max Broock Realtors Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, 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 The Mike Realtor Team is proud to announce that our Royal Oak Home 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 … (0 comments)
short sale: 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
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short sale: Birmingham Quarton Lake Michigan: JUST SOLD Short Sale 951 Fairfax!! by Mike Sher Realtor Team
- 02/04/10 12:15 AM
The Mike Realtor Team is proud to announce that our Quarton Lake Birmingham Short Sale listing of 951 Fairfax 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.mikerealtor.com Mike Sher
… (1 comments)
short sale: Birmingham MI Equator Bank Of America Short Sale Log Troy Real Estate Agent
- 01/26/10 12:39 AM
Short Sale, Troy MI. By Mike Sher, Max Broock Realtors, Bloomfield Hills, Michigan I just got my first equator BOA short sale approved. Both the first and 2nd were with BOA and they negotiated the loans together, which was nice. Time line as follows: 9/9/09 faxed the hardship and offer to to BOA in 10 page faxes. 9/24/09, they did not have the fax yet though re-faxed 3 times. Found a Short Sale person who allowed me to email it to him to be uploaded10/1/2009 Exterior BPO was done 10/7/09 file was moved o REO Trans 10/20/09 seller and Mike Sher … (17 comments)
short sale: Royal Oak Short Sale Realtor Tip#30, keep your friends happy but keep your clients happier! Birmingham MI Max Broock Oakland County
- 12/29/09 12:25 AM
Just closed on my 21st short sale of the year. This was a Royal Oak townhome that we sold for 40% of what my client owed. My client had been out of work for 9 months and could not find any new employment. She was burning through her savings and was scared. The borrower could not get a loan modification because she had no income and soon she was going to have to walk from her home. This was not in her nature for she was a spiritual person who does not like to walk away from her problems. Her mother found me … (2 comments)
short sale: Birmingham, MI, Real Estate, A Short Sale Could Save You from Foreclosure!
- 12/17/09 09:00 AM
There are millions of homeowners who owe more on their home than it's worth and don't know what to do. If you or someone you know is in this situation, I'm here to let you know that there are answers. However, there's also a lot of confusion in the market today. One myth I often hear is that one particular option-a Short Sale-is basically the same as foreclosure. The people who say this couldn't be more wrong! I want you to know the real facts, and to let you know that there are answers available. At WWW.ShortSaleOaklandCounty.com I've prepared a free … (0 comments)
short sale: Short Sale Real Estate Agent Successful Short Sale Profile #2, Novi MI Oakland County
- 10/16/09 02:18 AM
This is a Novi Short Sale that I listed and closed. My sellers needed to sell. They were both affected by the economic downturn and were unable to continue paying for their monthly mortgage payments. Their incomes were reduced to more then half of what they were making at the time the mortgage was originated. The Sellers were thrilled with my services. Without a Short Sale, they would have been foreclosed on. This would result in years of debt and probable litigation. Some Homes have become an anchor that prevents the owner from progressing with the rest of their lives. … (0 comments)
short sale: 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)
short sale: 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)
short sale: 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)
short sale: Short Sale Realtor Tip #21, To Become a Short Sale Expert, you Need to Be a Short Sale Expert, Troy, Michigan! Mike Sher
- 08/12/09 03:01 AM
Experts become experts when others seek their advice. What does that mean? Well, it is like the old saying, "if a tree falls in the woods and no one is there to witness it, did it really happen?" The answer is if no one saw it or heard it, then it never happened. Like that tree, if no one sees or hears you, you might not be an expert. I am a Short Sale Expert because; I have, and continue to, offer my advice and guidance through my blogs, my Short Sale classes through our area board of Realtors and through … (0 comments)
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)
short sale: Short Sale Realtor Tip #19, Read This Great Article From USA TODAY About Never Giving Up, Beverly Hills MIchigan! Mike Sher
- 08/05/09 02:38 AM
Here is a recent article about short sales in USA Today. http://www.facebook.com/ext/share.php?sid=108582182695&h=sVpXU&u=n4t8k&ref=nf This article really talks about how hard it is to do a short sale and the importance of having professional working with you who know what they are doing. Make sure that who ever is working on your short sale knows what to do, how to do and will not give up Mike Sher Some facts from the article to be aware of: 11% of sales in June were short sales. (says NAR) In March of 2008 the average short sale acceptance time was 4.5 weeks and while the … (3 comments)
As some of you Short Sale Realtors have found, many banks are not as open minded to releasing deficiencies (difference between what is owed and what the lender collects) as they were in the past. (Countrywide who is now BOA) Bank Of America recently established a zero tolerance towards negotiating their Short Sale approval letters. The new language is a follows: "BAC Home Loans Servicing, LP and/or its investor may pursue a deficiency judgment for the difference in the payment received and the total balance due,..."
This language is a little unsettling for sellers who were told that … (2 comments)
short sale: Short Sale Realtor Tip #17, If you've closed a short sale, let every know! Oakland County Michigan.
- 06/09/09 09:48 AM
One of the problems we have as short sale Realtors is with Nay-Sayers. Often the press, other agents and co-worker at the coffee cooler constantly put-down short sales. They tell people that the bank will never take a short sale, they take to long to close, or that they just don't work. These Nay-Sayers create an atmosphere that causes people to walk away from their homes, hopeless and filled with fear. Well they are wrong, short sales do work and sellers are able to take the high road if they choose. Below is an article that was written by Greta Guest of the Detroit Free Press. … (4 comments)
Foreclosure agents presently control a high percentage of the homes-sold market share: short sales are a way for traditional REALTORS® to capture that business. Short sales allow you to have saleable-priced listings that will attract more showings, sign calls, Internet leads and help control inventory. Short sales will keep you busy. Topics include prospecting for short sales; converting a phone call to an appointment; listing presentations; hardship, documents and how to protect your commission; introduce yourself to the bank; handling offers and … (2 comments)
short sale: Short Sale Realtor Successful Short Sale Profile #1, Birmingham MI
- 06/03/09 04:28 AM
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 … (2 comments)
short sale: Short Sale Realtor Tip #14 You can walk away from your home, but not your problems!!, Rochester Hills, MI
- 05/20/09 10:04 PM
Often, sellers think that sending house keys to bank will satisfy their obligation. It will not. When the borrower closed their loan they signed two documents; first, "A Note" which is a promise to pay and second "The Mortgage" offering the home as collateral. These are two different documents; the loan is a promise to pay the FULL AMOUNT owed or amounts if you have multiple notes/loans. The MORTGAGE, allows the bank to seize the asset, BUT it does not allow forgiveness if the asset is worth less then the note. The bank can and most likely will at some date … (10 comments)
Short Sale Rochester Hills MI Just Sold, Oakland County MI Mike Sher Max Broock Realtors 
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