The property on Peach Grove was in default and the homeowner was facing Foreclosure in Michigan. After many negotiations with the bank with no solutions, the home owners contacted Rick Giese and his Southeastern Michigan Short Sale Help team to negotiate a Macomb Township short sale on their behalf. The process was not easy, but with the strong negotiating powers, problem solving and a comprehensive marketing process, Southeastern Michigan Short Sale Help team achieved the difficult approval to close the home. As with all Southeastern Michigan short sale approvals, there must be a ready & willing buyer to purchase the home at what the bank considers “fair market value” based on their appraisers values. The seller opted to short sale their home rather than allow Chase Foreclosure in hopes of having a better credit score and the ability to purchase another home again in approximately 3 years. The great news here is that the entire Short Sale Process only took a total of 98 days to close – Start to Finish.
The specific Short Sale Facts in this case are as follows. There was one Lien Holder – Chase with a FHA Mortgage. The Original List price was $115,000. The Sales Price was $115,000 with $3,450 in closing costs with a FHA loan. The deficiency was waived AND the seller received $1,000 cash back at closing for taking advantage of the FHA Short Sale Program.
Sometimes, to avoid going through the costs of foreclosure, a bank will sanction a short sale by allowing a Buyer to purchase the home for less than the mortgage balance while the home is in pre-foreclosure stage. Pre-foreclosure state is the first of the three stages of foreclosures Macomb, Oakland and Southern St Clair County, who have either a FHA loan that is in danger of foreclosure, can be a candidate for the FHA Pre-foreclosure Short Sale Program in Southeastern Michigan. The FHA Pre-foreclosure program is quick and easy! First, we will place your home on Southeastern Michigan Real Estate market with the proper exposure to place you in the best FHA Short Sale selling position.
For more information on FHA Short Sales: www.FHAFORECLOSUREHELPDESK.com
For more information on Conventional Loan Help: www.MIFORECLOSUREHELP.com
You can also reach Rick Giese Associate Broker at RE/MAX Advisors at Toll Free 1-800-274-5656 or by email firstname.lastname@example.org
Rick Giese specializes in loan modification assistance and short sales in the Macomb , Oakland and southern St Clair 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.
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As one of Southeastern Michigan 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