Rick Giese and Southeastern Michigan Short Sale Team, Closes A Wells Fargo Short Sale In Macomb, MI

Nov. 7, 2011 - PRLog -- Rick Giese and his Southeastern Michigan Short Sale Team, Leading Short Sale brokers in Southeastern Michigan at RE/MAX Advisors of Chesterfield, have solved another short sale problem for a local Homeowner facing foreclosure. Rick and his team, specializing in Southeastern Michigan Short Sales, Macomb, Oakland and Southern St Clair County Short Sales.  Has successfully negotiated and closed a short sale transaction where the lender Wells Fargo accepted a “short payoff” amount on this Macomb Township Real Estate, saving the sellers from becoming another Michigan Foreclosure statistic.

The property on Walden in Macomb was listed for $170,000 and closed at $160,000 with a $4800 closing cost contribution from Wells Fargo to the buyer. Full deficiency waiver, no cash contribution/promissory note, and the purchaser were an FHA buyer. In total, the Walden Property had 3 buyers under contract. The first two buyers backed out of the contract prior to approval which is common sometimes in the short sale process but always extends the time frame from listing to close. The third and final buyer took a total of 47 days from contract to close.

The sellers on Walden were in default on their mortgage payments and they were Facing Foreclosure in Macomb County, Michigan. After many negotiations with the bank with no solutions, the home owners contacted Rick Giese to see if his team could negotiate a short sale on their behalf. The process was not easy, but with the strong negotiating powers, problem solving and a comprehensive marketing process, Rick and his 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 a Macomb County Michigan Foreclosure in hopes of having a better credit score and the ability to purchase another home in approximately 2 years.

Rick Giese and his Short Sale Assistance Team has helped well over 100 Southeastern Michigan homeowners who were facing Foreclosure, STOP the Foreclosure process so his clients were able Short Sale their property to , avoid deficiency judgment, and move on with their lives without the stigma and long-term overhanging debt that a Foreclosure will bring.

For more information on how to avoid foreclosure, call Rick Giese, associate broker with RE/MAX Advisors at Toll Free 1-800-274-5656 or you can visit his website at: www.MIFORECLOSUREHELP.COM

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, 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

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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