This community resource is available at http://www.motorcityshortsale.com and defines foreclosure alternatives including short sales, loan modifications, and forbearance.
“It’s a concern to me that so few in our community know their options when they start to fall behind on mortgage payments,” Mychalowych said. “If they act quickly and get informed, they can make informed decisions to find financial stability.”
Foreclosure alternatives such as short sales—which now make up over one-third of real estate closings across the nation—are an increasingly popular way for both homeowners and lenders to minimize their losses in this tough economy.
“More lenders are realizing that they can save money in a short sale versus a foreclosure, and are more likely than they were three years ago to approve a short sale offer.” Mychalowych said. “This is good news for homeowners because they now have more options than ever.”
The CDPE designation Mychalowych has acquired provides real estate professionals with specific understanding of the complex issues confronting distressed homeowners. Through comprehensive training and experience, CDPE-designated agents are able to provide solutions for homeowners facing financial hardship in today’s market.
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Birmingham Realty LLC is a boutique real estate company located in Birmingham, a suburb of Detroit, Michigan, dedicated to client service. Our company is unique, creative and small for a purpose. We invite you to challenge us with your needs and wants and look forward to being a part of custom fitting you to making your SE Michigan Dream a reality. Contact our office at (248) 686-0024, or visit us on the web at http://www.bhamrealtyllc.com.