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…

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The First Step To Consider Taking To Avoid A Foreclosure of Your Kansas City Realty.  My first post of "What To Do Right Now If You Are Facing Foreclosure of Your Kansas City Home" outlined that there are possible options to foreclosure of your…

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Short Sale Solds Report for Las Vegas Short Sales Sold in December 2010

 

LAS VEGAS SHORT SALE SOLDS FOR DECEMBER  1,232

   

A rise in closings for this month over last several months shows the push by everyone involved in processing Las Vegas Short Sales to get them closed faster!

 

 

LAS VEGAS SHORT SALE SOLDS FOR NOVEMBER 566

LAS VEGAS SHORT SALE SOLDS FOR OCTOBER 775.

LAS VEGAS SHORT SALE…

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Is anyone having trouble getting Wells to approve final HUDS?  Apparently South Carolina is closed due to weather but they have no back up to approve HUDs for closing unless you yell and scream and demand that they transfer the file to another location (Milwaukee in our case)

 

Does anyone have someone to escalate this to?  Our final HUD has been sitting around since last Thursday.

 

Thanks for any input you may have!

We are a title agency that made handling short sales in the state of Ohio over 3 years ago.  We have a 90% success ratio and have closed over 300 short sales.  My theroy on short sales if you are a agent why would you want to hancle your own short sales when there is a company that will handle them for you so you can go out and work on getting the next deal. 

   We have contacts in many of the banks that we have built relationships with over the past 3 years that we can go to get a…

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Do I need a buyer to be approved for a HAFA short sale approval? I lost the buyer because Aurora is taking so long. Now they tell me that if I don't have a buyer I start the process over again.

Rochester hills mi short sale " Freeze On Foreclosures", Mike Sher (248) 644-4700 x242. Max Broock Oakland County 

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…

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Ministerio El Shaddai, the North Phoenix church which faced foreclosure last August, will be able to stay in their current facility as a result of an American Homeowner Preservation short sale leaseback. The church’s lease payment of $759 is 50% less than their prior $1,500 mortgage payment with One West Bank(formerly Indy Mac). In addition, the church received an option to repurchase at $48,300, a 74% discount off their prior $184,500…

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Does anyone know what is happening over at Specialized Loan Servicing?  I have been trying to get a hold of someone for quite sometime and have not been able to.  None of there numbers seem to be working....any suggestions?

So far, Chase has been on the ball with asking me for information.  I just submitted the last of the paperwork to Chase for HAFA approval. 

 

They have the first and second.  Does anyone have suggestions for me?  Sorry.  I have NO experience with HAFA at all. 

On Friday, Ocwen refused last-minute pleas from American Homeowner Preservation and others to allow an Akron policeman and his family to stay in their home of 14 years. At 10AM, the Summit County Sheriff’s Department conducted their sale with a starting bid of $52,000. As there were no bidders, Ocwen will take ownership of the home, evict the policeman and his family,…

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I notified the selling agent that the offer his client has presented on my listing  and submitted to ING, will not be considered per ING and that the property is going to auction 1/7/2011. The offer was substantial considering ING valued the property at $337,716 and the offer was $325,000 + $10,000 BUYER  paid repairs to be completed prior to closing to obtain financing on the property.....basically $335,000. The selling agent called ING, not because he didn't believe me, but because he…

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Glendale Short Sales | Burbank Short Sales | Granada Hills Short Sales | North Hollywood Short Sales | Van Nuys Short Sales | North Hills Short Sales

 

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The Great Real Estate Debate

Every day I am asked by clients what my market predictions are for 2011.  I tell them. .…

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Short sale - West Bloomfield MI Tip #58, don't realize to late that your agent is not a Short Sale realtor,. Mike Sher (248) 644-4700 x 242 (…

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Short sale was approved, but buyer walked. A week later, I submitted a new offer which met all terms as required by lender. Aurora said it takes 2 months to review it.  Why didn’t they make an exception and jump at this GOOD offer?  What can I do now?  

 

5 Reasons Why A Loan Modification May Not Be the Answer for You

When considering whether you should pursue a short sale or a loan modification, homeowners should consider and discuss the following issues with their legal counsel and tax advisor.  

 

•1)      Not every loan modification solves an equity problem.  If your house is worth half of what you paid for it, a loan modification may not solve your problem, unless it…

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This lightning speed…

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OK fellow short sale experts, I need some NEW suggestions...

 

Been working on a deal for quite some time (with Chase) and now with approval in hand the sellers are refusing to sign due to the deficiency verbiage in the approval letter. 

 

What's working right now??  Any suggestions other than starting over or walking?  Much appreciated!  Thanks.