STOP FORECLOSURE ...No Costs to You! Macomb and Oakland Short Sale Specialist Can Help You!

June 28, 2011 - PRLog -- Call Toll Free Right Now… 1-800-274-5656 to talk to Macomb and Oakland County Michigan Top Short Sale Specialist today. Also Rick Giese Associate Broker with RE/MAX Advisors.

Do You Know a Homeowner Facing Foreclosure in Macomb or Oakland County Michigan? Here’s a Way Out.

Headlines today are filled with stories about Southeastern Michigan homeowners in financial distress—people who facing foreclosure on their home.

Millions of American home owners are wondering what to do. Like most crises, this one has produced its share of rumors and misinformation. One of the biggest ones is “let it happen." Why fight back, this line of thinking goes. It’s too emotionally draining, and the government’s loan modifications aren’t helping many people. Well, that’s only partly true. While government loan modification programs have fallen short of the mark so far, there is another solid, sensible option for homeowners. It’s called a “Short Sale” a short sale where the seller’s lender agrees to accept less than the full amount owned.

Why be foreclosed? When you can sell short?

Rick Giese has now closed over a hundred of these transactions in the past 3 years!

This is a list of reasons why to avoid foreclosure with a Short Sale:
•  Avoid the foreclosure stigma – Homeowners will always have to disclose that they had a foreclosure on any loan application and (many job applications) that they submit in the future. This can have an adverse affect on their future loan and mortgage rates. Foreclosure is asked about specifically in credit inquiries. There is no seven-year time limit on this item.
•  Protect credit score – Credit scores will be lowered by 300-plus points (per loan) by foreclosure. The impact of a short sale—is about half that much with a short sale.
•  Improve eligibility for a government insured loan – The homeowner will be ineligible for a government insured loan for 5-7 years with a foreclosure (only two years in a short sale). A foreclosure is the one credit report item that is almost impossible to have repaired.
•  Avoid a deficiency judgment – Lenders can seek a deficiency judgment against the homeowner especially on second loans and collect any amount of money they do not recover at the foreclosure sale for up to 20 years.
•  Protect employment prospects – Many employers run credit checks on prospective employees. Foreclosure is one of the top items that will put a potential new hire, or even current employment, in jeopardy.

Thanks for reading, Rick Giese.

Rick Giese is a real estate associate broker at RE/MAX Advisors.
Phone Toll Free: 1-800-274-5656. email: Rick@RickGiese.com

Rick Giese specializes in loan modification assistance and short sales in the Macomb and Oakland County Areas of Michigan. Macomb Loan Modification Help, Macomb Short Sale Help. Oakland Short Sale Help Macomb and Oakland County MI our services are offering sellers another option besides pre-foreclosure foreclosure or bankruptcy that can affect their credit for years. We are currently offering our services in the Richmond, Shelby Township, Macomb Township, Chesterfield Township, New Baltimore, Clinton Township, Sterling Heights, Mount Clemens (Mt Clemens) Fraser, Harrison Township, Warren, Roseville, St Clair Shores areas of Macomb County Michigan Madison Heights, Troy, Clawson, Royal Oak, Rochester, Rochester Hills, Berkley, Birmingham areas of Oakland County

IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

# # #

As one of Macomb Counties MI leading Short Sale experts. Rick Giese wrote this article to Help ensure that homeowners were and are being given sound advice about How to Stop and Avoid Foreclosure