We just filed for divorce…Do we have any options to avoid foreclosure? Rick Giese Macomb MI

CHESTERFIELD TWP, Mich. - July 20, 2013 - PRLog -- Do you know someone who owes more than their house is worth and doesn’t know what to do?

A couple of weeks ago, I received a call from a lady going through a divorce. She can no longer afford to pay the mortgage on her house and asked “Do I have any options to avoid foreclosure?”

She bought the house together with her husband several years ago. They are now separating and her husband is moving out of the house and doesn’t want to pay the mortgage. It was very sad to hear about her current situation. Now she is confused on what to do with the house.

She tried to refinance and has tried to work with her lender to do a loan modification but the bank denied her loan modification due to her high debt to income ratio. She couldn’t get refinanced because her house value had gone down more than the loan amount. She automatically thought foreclosure is the only option at this time.

I explained short sales versus foreclosures and their advantages and disadvantages to her credit. She realized that there are options other than foreclosure and that a successful short sale will avoid foreclosure on their credit history.

The good news is that her soon to be ex-husband is cooperating with the short sale and is ready to sign the documents which are required for the short sale. I have sent all the required documents to her so that we can start working on the short sale. At least, after a successful short sale, they can move forward with their lives without worrying about their mortgage payment and a foreclosure on their credit reports.

Do you know someone in a similar situation that cannot afford the house payment any longer and does not qualify for a loan modification, please refer them to me so that I can help them sell their house and avoid foreclosure on their credit history Contact: Rick Giese, associate broker at RE/MAX Advisors at 1-800-274-5656

Many Macomb County Michigan mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Southeastern Michigan. With the prices of Macomb County Michigan homes decreasing in value, and the interest rates on previous subprime loans increasing, many Michigan home sellers have no choice but to negotiate with the bank to take less (also known as a “Short Sale”) on the sale of the property. The seller in many cases proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as Rick Giese and his Macomb Short Sale Help team, to sell their home and negotiate the sale with the bank at No Costs to his Sellers.

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, the areas Leading 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.

Learn More about Rick Giese and his Short Sale expertise athttp://www.MIForeclosureHelp.com

Follow us on Facebook: Facebook.com/MacombShortSaleHelp updated almost daily.

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Do you know someone who owes more than their house is worth and doesn’t know what to do? Contact Rick Giese, associate broker, RE/MAX Advisors, Macomb County Michigan Leading Short Sale Specialist and Default Advocate to discuss your options and avoid having a foreclosure ruin your credit rating for years!

Rick is a Real Estate Associate Broker at RE/MAX Advisors. Macomb, Oakland, and Southern St Clair Counties Short Sales Realtor:
Phone: 1-800-274-5656. rick@rickgiese.com.

Rick Giese specializes in loan modification assistance and short sales in the , and southern St Clair County Areas of . Loan Modification Help, Short Sale Help. Oakland Short Sale Help Macomb and 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