Four Things You Should Never Do If You Fall Behind On Your Macomb County MI Mortgage Payment

CHESTERFIELD TWP, Mich. - Oct. 9, 2014 - PRLog -- Macomb County Michigan short sale information? Rick Giese Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us. Today let's talk about Four Things You Should Never Do If you fall behind on your mortgage

Number One: Never deed your property to another person or entity without proof that your loan has been paid off.

If you transfer ownership to someone else, they have control over the property. The new owner can do what they want with the property and you have no say. One of those things they can do is stop paying the mortgage leaving you responsible for the debt. If the property is foreclosed on it will affect your credit not theirs. If there was a second mortgage on the property you may still be liable for the debt.

Number Two: Don't sell your home or condo at a huge discount. Don't panic, even if a Notice of Foreclosure has already been filed. If you have equity, there is still time to capture it. It's your money. If you owe more than your Macomb County MI home or condominium is worth, the bank still has to approve the Short Sale. Take the time to call a qualified Short Sale Specialist like Rick Giese to learn ALL your options before making a decision.

Number Three: Don't pay an upfront fee for a Loan modification or Short Sale help. Under recent legislation this practice is not only unethical but now illegal. Any Real Estate professional who asks for an upfront fee is violating the law.

Number Four: Don't do nothing. A surprising number of people, 7 out of 10, put their head in the sand and do nothing until the bank knocks at the door telling them they need to move. Don't let this happen you -- the damage to your credit and potential liability will haunt you for years.

There are so many alternatives to foreclosure and assistance out there that foreclosure just doesn't make sense. I can't tell you the number of times homeowners in distress have told me that "I'll show them" (meaning the bank) and allow the bank to foreclose. Yea, you really showed 'em. Now you have a foreclosure on your record, could have liability for the second mortgage and still have to move. You showed 'em alright.

Here’s my best advice. If you have a second mortgage and you are considering letting your home go to foreclosure, call me and let’s take a strong look at your situation. A Short Sale with Rick Giese may be your best option.

Is a Short Sale Right for Me (http://www.miforeclosurehelp.com/shortsalequiz)? Give me Rick Giese a call at 586-242-3100 and let’s find out.

If you have thought about just letting your negative equity home go back to the bank through foreclosure, we need to talk.

If you are considering a short sale on your current home, contact me Rick Giese at 586-242-3100 to help you with the process.

Are you or do you know a neighbor, relative, work associate who is struggling to make their house payment, have them get a FREE copy of my book "The Home Owner's Guide to Real Estate Short Sales" A guide to help you avoid foreclosure. Get your FREE Copy here www.miforeclosurehelp.com

If you are considering a short sale, please contact me Rick Giese, associate broker at RE/MAX Advisors at 586-242-3100 so that we can discuss your unique situation.

Owe more than your property is worth? Missed a payment or your bank is threatening foreclosure, I can help. A short sale of the property might be the answer. Call me, Rick Giese at 586-242-3100 or email rick@rickgiese.com My FREE book explains how you can avoid Foreclosure and walk away paying and owing Nothing!

I never charge a fee to our sellers. All fees are paid by your lender, when we succeed in the short sale of your property.

The right representation will make the difference in your transaction. Rick Giese is an experienced Short Sale REALTOR, having closed over 250 Short Sales in the past 5 years! Rick's Negotiators will fight to accomplish your goals and get you out of that upside down property

Let’s talk about Strategic Default or just walking away from your undervalued, over mortgaged property What the heck is that you say. To be brief, Strategic Default is when you can afford to pay for your Macomb County MI mortgage but the property is so far upside down that it just doesn’t make sense to keep paying. So let’s say you owe $400,000 and your Macomb County MI house is now worth $200,000. I can show you a easier way without out owing tax money on the forgiven amount. Click::

http://www.mymihomevalue.com/ to find out the current market value of your property.