Blog

Here is another letter from a client that I did a Short Sale for. The sale of the home was for about 50% of what wasowed, so the bank got about 50 cents on the $1. When I first met withthe sellers, they were making an almost $3,000 payment on a home thatwas worth $112,000. Crazy, huh. Well, it all worked out in the end.Feel free to pass this letter to someone who is skeptical about shortsales.

Mike Sher

To whom this may concern,

Mike Sher helped us short sale our home in Royal Oak recently. He negotiated with the bank and took care of everything. We had someproblems with a buyer that walked away right before closing but Miketold us everything was going to work out. He immediately took thenecessary steps to get us another buyer. We have heard a lot of storiesof people being thrown out of their home by the bank or abandoningtheir home without leaving a forwarding address for fear the creditorwould follow. We did not want to be that person.

Mike not only found us a buyer, but helped us redeem the deed from the bank and we closed without being foreclosed on. When facedwith such uncertainty, it was comforting knowing that we had an honestperson working for us. It was refreshing to have a normal closing withthe buyer's across the table, and us being able to give them keys. Itis never easy being in this situation; however Mike made thisexperience less painful.

Now that the Short Sale is over, we do not have to worry any more about our home or about collectors calling us. Since we have closed onthe home, we have not had a single call or letter from our old mortgagecompany. We would recommend Mike to anyone who is facing aforeclosure or just can't sell their home because they owe more thenwhat it is worth.

Sincerely

Michelle and David

Short Sale Success goes beyond the commission check. We as realtors, have the chance to help real people with real problems. Below is a letter that I just got from a client that I helped
in a Short Sale. Until she met me she had never even heard of a Short
Sale. Other Realtors were telling her that they could not help her and
she should just walk away from the home. We were able to close
before she was foreclosed on and the bank wrote off the deficiency. Feel
free to pass this letter to clients who doubt our ability to help them

Mike Sher

June 12th

Earlier this year, I found myself in a dire financial situation from which it seemed there was no hope. I had missed a mortgage payment and other bills were piling up. I knew that if I were to catch up,
within a few months, I would be facing a higher payment as my rate
adjusted up. At that point, I realized that in order to make my
mortgage payment, I would barely afford to pay for the gas and
electricity, much less the gas to get to work!

I tried contacting my mortgage company multiple times to let them know that I was soon facing my second month without enough money to pay my mortgage, but after faxing over all my financial documents,
communication came to a standstill.

I even contacted a lawyer to file bankruptcy. Thankfully, he recognized that the crux of my financial burden was my mortgage and he referred me to Mike Sher.

When I met with Mike for the first time, I was distraught and overwhelmed. He listened to me with compassion. What I appreciate from that first visit was the calm but thorough way he explained my
options. He was very informative about the short sale process. I never
felt pressured to make a decision on the spot or at any time throughout
the selling process.

Although I agreed to sell my house, I admit, I was skeptical it would be sold. Mike answered all of my questions and allayed my fears with great patience.

He was very aggressive in marketing my house both in the traditional ways and on just about every internet site available. Each viewing and agents' comments were listed on a website where I could log
in and get feedback.

Once we got an offer, Mike continued the hard work in communicating with the buyer's agent and my mortgage company. Many times, the process seemed confusing and long, but Mike explained
everything in an understandable way. I never felt out of touch with
what was happening. I felt secure that Mike was being my advocate.

Selling a house is no easy task in any economy. I truly appreciate Mik's knowledge and hard work in helping me get back on my feet financially and getting my house sold.

Thank you!

Sincerely,

Maria G.