Why You Shouldn’t Be Embarrassed To Short Sale Your Southeastern Michigan Home?

July 23, 2012 - PRLog -- Many people are embarrassed that they are short selling their house. They feel like a failure. Others think that they are somehow being dishonest or shady.

Neither one of those is true. A lot of the people short selling today never had a blemish in their credit. They lived responsible financial lives.

Then the real estate market crashed and left them owing hundreds of thousands of dollars more than their home was worth. For years everyone had told them that couldn't happen.

Many of those people also lost their job for the first time in their life. It's interesting because today we are seeing as many short sales in the upper income brackets as the lower income brackets.

I'm not judgmental of someone who is short selling their home. I deal with people from all walks of life. Some are high income. Others bought less expensive homes. Either way, it doesn't matter to me.

I see a short sale as a smart financial decision. I'll be congratulating you instead of judging you.. Who wants to be burdened with a huge debt for the rest of your life? Not me. And neither should you.

Here is why a short sale is a smart financial decision. Let's say that you are upside down on a house by $100,000. (If you upside down by an amount lower than $100,000, then don't laugh. Many people are upside down by that amount and more.)

Repaying $100,000 over 30 years, will cost you $215,000. That is the $100,000 originally owed, along with $115,000 in interest payments. The number varies according to your interest rate.

What if instead of repaying that money, you put that money towards retirement? Let's say you took that monthly payment and invested it as an 8% Interest Rate.

At the end of 30 years you would have $804.545.01 saved up. Wouldn't that be helpful in retirement?

That is one small reason I recommend short sales to my customers. You can get the upside down debt forgiven in a short sale. Thinking about a short sale? visit: http://www.miforeclosurehelp.com/



Phil Explains How Rick Giese Helped Them During a Dark Time Avoid Foreclosure by Doing a Short Sale : http://www.youtube.com/watch?v=Zwan3q3kUws



I can help you short sale your property and get back on your feet. Send me 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.

Thinking about a loan modification? Our Southeastern Michigan loan modification kit has the instructions you will need to get a loan modification approved with your bank.  http://www.miforeclosurehelp.com/


Thanks for reading this, Rick Giese.

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 Macomb, Oaklandand southern St Clair County Areas of Michigan. MacombLoan Modification Help, MacombShort Sale Help. Oakland Short Sale Help Macomb and OaklandCountyMIour 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