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  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 15^th 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 strapped homeowners: “more help is available than every before. Since 2007, 7.9 million homes in the United States have been lost to foreclosure, and my mission is to stem the tide of foreclosures within Oakland County.

A Certified Distressed Property Expert (CDPE), Sher is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners to regain peace of mind and a sense of stability for the future.

Mike Sher has developed a free report entitled, “Are You Living Under the Cloud of an Unmanageable Mortgage?” that is accessible from his website, www.ShortSaleOaklandCounty.com

The report provides an overview of qualification criteria for the most common foreclosure alternatives, cites red flags for scams, and reminds homeowners why avoiding foreclosure needs to be a top priority.

Upheaval on Wall Street has gotten a lot of attention, but until recently, homeowners have been left to their own devices. Sher is on a mission to change that.

About 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 agents on how tosuccessfully close short sales.
• His weekly http://mikerealtorblog.com/ is used by1000's of professionals as a Short Sale help site
• He is a Certified Distress Property Expert
• He is a Fox2 contributor
• He is a CPA CME instructor for the MichiganAssociation of Certified Public Accounts regardingShort Sale transactions tax liabilities.

Mike Sher Max Broock Realtors 248 496-1572

2011results: 75 units sold, over $10,000,000,00 in sales and 365 days of FOCUS!

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 Mik

Birmingham MI Home Sellers listing Tip#1, "Check The Financing"  Mike Sher, (248) 496-1572, Max Broock

With such a difficult Real Estate environment, seller's and Real Estate agents get so excited when they get an offer they forget the fundamental of financing.   The Agent also needs to but does NOT call the lender to verify the buyer's employment, reserves and credit.  Plus, the agent needs to verify the credibility of the lender itself and if there are concerns, the seller should request the buyer to get a preapproval from a local bank to assure financing is secure.   Also, the agent forgets to require proof of the down payment or inquire if the buyer has a home to sell.   The offer they sign often requires t a 45 to 60 day pending period in the Realtors Multiple Listing System until closing and keys at closing.

You can guess what happens; the buyer's lender does not come through because of incompetence or unfamiliarity of local lending rules.  Perhaps the buyer does not have the money to close after all or was qualified with older employment history.  Sometimes the credit score was so close to the minimum limit which dropped prior to closing and now the buyer does not qualify. 

Now the seller has a vacant home that has been off the market for 45 to 60 days or more.  They paid for movers, bought a new home or signed a rental agreement.   Yes, a NIGHTMARE!!!   All could have been avoided by some Realtor Due Diligence.   Make sure that when you get your next offer, the Realtor is NOT SLEEPING AT THE WHEEL.

Mike Sher is an Associate Broker with Max Broock Realtors of Bloomfield.  The Mike Sher Team  had over 15 years of Residential Real Estate experience in the Bloomfield, Birmingham, Beverly Hills, Franklin, Novi, West Bloomfield, Royal Oak, Huntington Woods, Orchard Lake, Farmington Hills, Northville, Waterford, Troy, Rochester, Oakland Twp and White Lake area.  They average a sale a week and have sold more the 400 homes.  If you have or are looking for a  Oakland County home to sell or purchaser, call us today