Yes, Banks Are Approving Short Sales in Macomb and Oakland County MI

Jan. 3, 2011 - PRLog -- Macomb County MI – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example.

The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here. http://www.macombforeclosurehelp.com

Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago.

The bank did an appraisal. The appraiser thought the house was worth $265,000. The lender rejected the offer because it didn't meet their guidelines.

We put the home back on the market and waited for another offer. The property values continued to decline. The next offer came in for $185,000 several months later.

The bank re-opened the short sale process and ordered a new appraisal. This appraiser thought the house was worth $197,000.

The bank approved the short sale offer. As you can see, short sales can get approved with a little luck, time, and persistence. With some luck, the bank will see that the short sale makes financial sense and approve it.

We've seen over 50% of our short sales sell, get approved, and close in 3-4 months. And that's the first attempt at negotiations.

The majority of the remainder will get approved, but we will have to submit more offers.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me Rick Giese an e-mail at rick@rickgiese.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me Rick Giese at Toll Free 1-800-274-5656

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. http://www.macombforeclosurehelp.com/

Thinking about a loan modification? Our Macomb and Oakland County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. http://www.macombforeclosurehelp.com/

Thanks for reading, Rick Giese.

Rick is a Real Estate Associate Brkoer at RE/MAX Advisors. Macomb and Oakland County Short Sales Realtor:

Phone: 1-800-274-5656. rick@rickgiese.com.

View My homes for sale at
http://www.rickgiese.com

Rick Giese specializes in loan modification assistance and short sales in Macomb and Oakland County Michigan. Macomb and Oakland Loan Modification Help, Macomb and Oakland County Short Sales.

Rick Giese  specializes in loan modification assistance and short sales in the Macomb County Area of Michigan. Macomb Loan Modification Help, Macomb Short Sale Help. Macomb County MI our services are offering sellers another option besides pre-foreclosure  foreclosure or bankruptcy that can effect 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

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As one of Macomb Counties MI leading Short Sale experts. Rick Giese wrote this article to Help ensure that homeowners were and are being given sound advice about How to Stop and Avoid Foreclosure