PRLog - Dec. 31, 2011 - CHESTERFIELD TWP, Mich. -- This New web-based tool is for home owners trying to decide what to do, Should I Short Sale? Stick it Out? or Let the property go to foreclosure?
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Web calculator helps homeowners make decision to short sale or stay with an over-mortgaged home.
"Should I stay, or should I go now?"
The decision to stay with an over mortgaged home or go on to greener pastures is complicated to say the least. The complications include financial factors such as possible deficiency judgments, bankruptcy and credit rating scores, as well as more personal factors such as family, neighbors, friends, and schools. Complications, however, do not need to include confusion as to the dollars and cents propriety of staying with the house in hopes of a market rebound.
Some under-water property owners are choosing to stay in their homes because they believe that the market will rebound, or that the market will somehow refund the losses that they have taken.
The money question is: How long are you willing to stay with your home and in hopes the value will recover? Or, will I ever make back my ongoing outlay on my mortgage? For some, making payments on an expensive mortgage is just throwing good money after bad. As an alternative, should you consider a short sale, loan modification, or foreclosure?
Now there is a fee tool that can help bring cold-hard facts into this emotional decision.
http://www.mishortorstay.com is a free tool that, with a little input, can reduce a confusing matrix of facts into one simple number: the number of months until a property’s worth again equals the mortgage owing. The calculator has built in assumptions about historical market appreciation, and current market rates. The calculator also allows the user to input their own assumptions about where they believe the market may be headed. Current market interest rates are also compared with the existing rate of the mortgage to help come up with an accurate forecast. The calculator is free to use, and does not collect any personal information, or require registration or login.
Should I stay or should I go? For an increasing number of borrowers, the numbers say ... GO!
Visit My Loan Modification Website www.miloanmodhelpdesk.com/
Visit My Short Sale Website www.miforeclosurehelp.com/
Visit My Short Sale or Stay Calculator Site www.mishortorstay.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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In 2011, Rick Giese with RE/MAX Advisors closed more short sale transactions than any Realtor or Broker in Southeastern Michigan; Rick Giese has helped hundreds of Southeastern Michigan families avoid foreclosure. Rick Giese said, “Sellers facing foreclosure must remember that banks are not looking out for you or your family. When you work with Rick Giese and his team, our job is to get between you and the bank. We represent our clients, NOT the banks. It is our job to negotiate the best possible outcome for you. Ultimately, our job is to take away the stress, protect our client’s assets, and make the transaction as smooth and stress-free as possible.”