Macomb MI Short Sale Help Our Homeowners are Getting Cash for Short Sales vs Foreclosure up to $35K!

Jan. 14, 2013 - PRLog -- In an effort to move troubled mortgages off their books, banks have begun offering cash to delinquent homeowners so that they can sell their properties for less than they owe. No lender likes to do short sales, but many banks have decided that short sales are quicker and less expensive than foreclosing. In addition to offering cash incentives, banks have been pre-approving details, streamlining the process of closing and forgoing their right to pursue unpaid debt in the hope of getting through some of the backlog. At this point, more than 14 million homes (nationally) are in foreclosure, and the pending repossessions that have accumulated are standing in the way improving the housing market. Some banks have been offering cash as an incentive to get homeowners to short sell, versus walking away from their home.

The largest incentives are extended by JP Morgan Chase, who approve about 5000 short sales monthly, many of whom have included settlements up to $35,000. Additionally, many buyers who purchased their homes using FHA loans have been receiving cash back at the close of the short sale process. On average, short sale transactions, from listing to sale, take an average of 143 days…much less time than a foreclosure. While cash back is never a guarantee, the fact remains that each lender and investor is different.

Rick Giese has helped almost 200 hundred 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 (YOU), NOT the banks. It is our job to take away the stress and negotiate the best possible outcome for you not the bank. Ultimately, our job is to help our clients get a fresh start.”

To get a better idea of when your Southeastern Michigan home will be worth what you owe, log in to www.MIShortorStay.com for a free estimate.

If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact me, Rick Giese, Short Sale Specialist and Default Advocate at 1-800-274-5656 or email rick@rickgiese.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

To Learn More about Short Sales and Loan Modifications see http://www.miforeclosurehelp.com/

consistently ranked as one of Southeastern Michigan's Leading Short Sale Specialist, Rick is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Rick offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family.
As every situation is different and Rick offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Rick Giese experience of representing both homeowners in distress avoids foreclosure and his insider knowledge of the default process makes Rick Giese's experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank Lee Honish, Rick understands what the banks are looking for and how best to assist you in your time of need. Call Rick Giese today at toll free at 1-800-274-5656 for your free consultation and sleep better tonight