March 2012 Blog Posts (41)

Save Our Home AZ

Is anyone familiar with the Save Our Home AZ short sale assistance program offering $4500 in transition asst., 3% of buyer cc , etc.?  What are qualifications?  Any success?

Added by Laurie Heeley on March 30, 2012 at 11:36am — 2 Comments

Short Sale SOLD in Centreville, VA - Chase Mortgage Short Sale by Jennifer Young Homes - 104th SOLD!

Another successful short sale - this one on Stratton Major in Centreville, VA. Our clients bought in 2006 for $642,000 and we sold it days ago for $450,000. We went back and forth quite a bit with the lender, Chase Mortgage, but they agreed to work with us and they granted our sellers a deficiency waiver on the unpaid balance. Below are pages of the approval letter: …


Added by Jennifer Young on March 30, 2012 at 11:07am — No Comments


Any information on how to get started or who to contact on doing BPO s in Wisconsin thanks Dan

Added by Dan Gehrke on March 30, 2012 at 9:18am — 1 Comment

If you overprice your house, you will lose money!


Added by Mike Cooper on March 30, 2012 at 4:47am — No Comments

Short sale lender of the 1 & 2 won't allow 3rd to show ANY settlement on the HUD-1...any legal way to document?

We have a lender carrying the 1st & 2nd and the 3rd wants $6,000. or they won't participate!  The 1st and 2nd (same bank) won't allow payment to reflect on the HUD-1 and we want something that shows the 1st & 2nd are aware of the settlement to the 3rd so we can have a well documented file!


Is this deal dead...or is there a way to protect all parties and still close?

Added by Scott Cary on March 29, 2012 at 10:08am — 6 Comments

Understanding Hafa and How it can help you the homeowner!

Understanding HAFA

 What if you didn't have to fight foreclosure alone?

 Truth is, you don't.  There is a government program, Home Affordable Foreclosure Alternatives (…


Added by Arthur Wainio on March 28, 2012 at 5:03am — No Comments

Short Sales in Winchester, VA - March 23, 2012

The short sale market in Winchester, VA is beginning to show signs of a  slight decline.  When the real estate market took a hit in the Fall of 2008, REOs exploded onto the…


Added by Mike Cooper on March 26, 2012 at 3:46pm — No Comments

Be the "go to" person and you'll always have plenty of business.

I've mentioned numerous times that I have two companies.  One is an electrical contracting company, and the other one is a real estate brokerage.  They overlap more often than not, and my clients in one…


Added by Mike Cooper on March 26, 2012 at 3:45pm — No Comments

Is Your Mortgage Payment Dragging you Down?

Foreclosure Solutions

Renewed trust for tough times

Does it feel like trustis one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?”

Weren’t we assured that…


Added by Arthur Wainio on March 26, 2012 at 9:00am — No Comments

Aurora Bank HELP!!!!!

First off, I'm the Buyer's agent so my hands are tied but I thought maybe someone out there might have something that worked for them with Aurora Bank.  The Listing Agent is Great and likes input and things I find on SuperStars. 

There are two banks on this sale and the two don't seem to be able to coordinate.  We get the approval from one and th the other takes their sweet time until it is just days until the other's approval is expired.  So we are in this See-Saw negoiating…


Added by Liz Marriott on March 25, 2012 at 8:14am — 1 Comment

Available Homes in Winchester, VA - March 23, 2012


Added by Mike Cooper on March 25, 2012 at 6:26am — No Comments

Newsletter: 2012 Short Sale Industry Outlook.


Hi Superstars,

Did you our recent member Webinars? If so here is the replay.


2012 Short Sale Industry…


Added by Bryant Tutas on March 25, 2012 at 5:45am — No Comments

How do I make HUD/PFS complaint? FHA short sale

Hi does anyone have a contact to make a complaint to the Dept of the Treasury, or HUD regarding an FHA short sale I have with MIdlands Mortgage?  I had this file with Citi and they were about a week away form approval.. now Midlands ..just keeps delaying..Incompetent!

Added by Amelia Keene on March 22, 2012 at 8:48am — 2 Comments

United Guarantee MI problem

Wondering if you've had this situation, if so, any suggestions?

Have a young active duty military lady with 3 children that was transferred to England.  We have short sale approvals on her home for 1st lien BOA and 2nd lien Greentree BUT United Guarantee MI is requesting $20,000 from her to be payable in $200 per month payments, interest free.  Owner can barely make ends meet where she is now.  I know the banks/.mortgage companies are regulated as to demanding money when their active…


Added by Paula McGuire on March 21, 2012 at 5:14am — 1 Comment

2012: Year of the Great Housing RECOVERY???????

I have read several news and Blog pieces about 2012 being the bottom of the market and how the best time to purchase a home is now. In good conscious I cannot sit idly by without voicing my opinion.

The news and columnists have based their analysis on the low number of inventory currently on the market for sale and the fact that it is 22% less than this time last year. They further site a 30% increase in property…


Added by Conrad Randolph Hodgson - Broker on March 20, 2012 at 5:47pm — No Comments

Short Sale Bloomfield MI Realtor Mike Sher's "The Art of Negotiating a Short Sale" Mike Sher Certified Distressed Property Expert


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, [email protected] · 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…


Added by Mike Sher on March 20, 2012 at 11:44am — No Comments

Now at RE/MAX Premier Properties

I teamed up with Jerry Morrissey at RE/MAX Premier Properties at the end of January, 2012.  We both have over 30 years of experience and work on Short Sales, REO and Traditional real estate sales.

Added by David Wiggins on March 16, 2012 at 1:29pm — No Comments

List Price versus Accepted

The home was listed on the MLS with 5-10% drops every 2-4 weeks, and no offers for a total of 100 days.  Plenty of lookers but no offers.

The first offer was received and accepted after 104 days on market, at 9% less than the last list price, which had been dropped most recently 19 days before the offer.

Short sale package has been received, and the bank has ordered a BPO.   The bank is IMB.



Does the listing history and offer have any…


Added by pcb3000 on March 16, 2012 at 1:23pm — 6 Comments

2nd lien Short Sale Approval needed

This is my first blog.  I need to know if anyone has information on who to contact in Golden1 CU.  I have a 1st CitiMortgage approving a Short Sale with the 2nd, Golden1 Credit Union, accepts 10% of the balance due as pay off.  What's my next step if 2nd lien refuses the amount, and requesting a higher amount? First Lien will contribute $2,154, Golden1 CU requesting $4,000.  No contributions from any other parties are accepted.    Can anyone help me save this file?

Added by Patricia Servin on March 16, 2012 at 1:14pm — 2 Comments

Birmingham MI Short Sale Realtor Press Release Unmanageable Mortgages Continue to Cloud Family Finances and Real Estate Recovery

  FOR IMMEDIATE RELEASE                    For more information, please   contact: 

                                                                                                                                      Mike Sher  248-496-1572



Added by Mike Sher on March 16, 2012 at 6:20am — No Comments

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