Mike Realtor Team / Max Broock

Royal Oak Short Sale Realtor client says thank you!!! Oakland Michigan

Tue, 29 Dec 2009 08:33:23 GMT

Just closed my 21st short sale this year!! Below is a letter from my client.

Dear Mike,

I just want to thank you again for all the hard work you did in short-selling my condo in Royal Oak. In these times that are extremely difficult financially for so many people, you are making a true difference in so many people's lives. You helped to save me from having to go into foreclosure. You were confident and encouraging the entire time, and I think it was your positive energy that helped us to hurdle all the obstacles in the path. Thank you also for always keeping me up to date the entire time with e-mails and records of how you were creatively advertising my condo., scheduling all the showings, all the phone calls to the bank, and finally all the phone calls with the buyers. You made the whole process smooth sailing.

You have an amazing gift, and your integrity in your business dealings shines through. Now, I feel hope to go on with my life and make a fresh start. I'll be sure to refer you to anyone I come across who needs similar help.

Take care and Happy New Year!

Sincerely,
T. K.

Practical Thoughts About Short Sales, Birmimgham Realtor, MI

Sat, 14 Nov 2009 14:24:58 GMT

Dear Oakland County Seller,

I have completed my 14th short sale this year, and I still have to just feel my way through the trials and tribulations of the processes. One thing that truly confuses me is how all of these "Short Sale Experts" tell us what banks will or will not to do, like they were Moses on the mount, explaining the 10 commandments. How could anyone know what a mega large bank will or will not do.

Here are my thoughts;

A large bank has 1000's patients (loans) on a operating table that are hemorrhaging in 100,000 of different places.
Each bank has 100’s of doctors (mitigation officers), Nurses (retention dept), Emergency room staff (Customer Service Dept) and Hospital administrators, (mitigation supervisors).
Now each one of these loans is a patient that is dying quickly. None of the above bank employees have time to evaluate or diagnose the why, where’s and how’s of each file. They just want to Triage the file and decide if they can (a) reinstate the loan, (b) short sale the loan or (c) send it to the morgue (REO Dept)

That being the case, everything is possible. The bank does not want another property in their inventory. Each mitigation officer handles things differently. Just like a police officer pulling you over for speeding. They may just give you a warning or they could throw the book at you or every other thing in between. So never pre-judge. Try, try and try again. Make sure your seller is willing to work as hard and that they are committed to seeing this through. Be bold, If other’s can so can you!! Short Sales are won and lost in the last 7 days of the transaction not the first 11 weeks. Meaning, finish, finish, finish, fight to the buzzer and you will always walk away with no regrets.

Below are my 7 rules that I live by in short sales:

The bank does not want the home, between foreclosure and shortsale, they will choose shortsale 9 out of 10 times.
Never lose your cool with the bank, be nice and kill them with kindness, we are all working for the same outcome.
The person who represents the bank, Represents the Bank!! They are working for the banks best interest. You have to work with them but you do not work for them.
The bank is negotiable but you could always get a Clint Eastwood (cowboy), which is someone who will go down with the ship to prove they were Right. Hence, sometimes the seller has to give in to get out.
Log everything; track your calls, faxes and emails. With out a log, you are in a fog on a never ending jog.
Remember that anything is possible, no mater how reasonable or unreasonable it may see.
Last rule is "time is not your friend". Get an offer, get the documents to the bank, get a contact, keep the pressure on, call, call, call, email, email, email, fax, fax, fax, confirm that they got what you sent and get it closed before the buzzer!!!!... If the buzzer goes off, ask for an extension, the sun will rise the next day. Today's lemons are tomorrows lemon aid.

So, get calling!!

Mike Sher

The Truth About Mortgage Modifications

Mon, 02 Nov 2009 08:23:31 GMT

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

For those who qualify, a mortgage modification is the ideal remedy to their financial distress. I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this important process. Simply provide your information below to get this valuable information, and feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many!

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Together, we can formulate a plan to get back on track.

If you have any unanswered questions, or your circumstances are urgent, please call me today.

Mike Sher
248 644-4700 X242

Your First Steps To Avoid Foreclosure

Your First Steps

In today’s market, 1 in 7 homeowners is having trouble paying the mortgage. More than 70% of these homeowners proceed without seeking assistance or getting the facts. Many do not even realize that foreclosure is a process, and that there is time to make decisions that may result in a better outcome.

You are not alone. Millions of other homeowners nationwide are in the same circumstances. To assist you, I’ve prepared a free report outlining the first steps a homeowner should take when facing a foreclosure.

Fill out your information below for this free report. Don’t hesitate. Get back on track today!

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send." I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.

Foreclosure Vs. Short Sale

As a Certified Distressed Property Expert, I have devoted my career to helping homeowners who face difficult situations, taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially concerning short sales, which you should know about.

A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.

This is absolutely wrong!

You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply provide your information below, and I'll send you this report.

If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.

Mike Sher 248 548-9100 x127

7 Short Sale Myths

There are millions of homeowners just like you who are looking for answers and don’t know what to do. You’re not alone and you’re in the right place.

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Despite my best efforts, there’s still an overwhelming amount of misinformation about the options available, especially short sales.

To give you a better idea of the short sale option, and to set straight some of the myths you may have heard, I’ve prepared a free report just for you - please fill out the information below to receive your free report. This report will clarify the following myths:

The Bank Would Rather Foreclose Than Bother With A Short Sale
You Must Be Behind On Your Mortgage To Negotiate A Short Sale
There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure
Listing My Home As A Short Sale Is An Embarrassment
Short Sales Are Impossible And Never Get Approved
Banks Are Waiting On A Bailout And Not Accepting Short Sales
Buyers Are Not Interested In Short Sale Properties

These ideas are potentially harmful to homeowners seeking real solutions. I hope you’ll review this information for yourself or share it with a homeowner in need.

In these times, we all need to know the truth to know how to get back on track.

If you have any additional concerns about this issue, or your circumstances are urgent, please give me a call.

Mike Sher
248 548-9100 x127

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

I hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Strategic Defaults are NOT Strategic

Walking Away Is NOT The Answer

You may have heard that a “strategic default” can be an appropriate and even beneficial reaction to an upside-down mortgage or impending foreclosure. While this idea is widespread, the truth is that default is never an easy road to choose, and rarely ever strategic.

Unfortunately, the ramifications of a “strategic default” are rarely explained, leaving many homeowners stranded on an island of misinformation. To assist you, I’ve prepared a free report outlining the myths and misrepresentations of strategic defaults.

Fill out your information below for this free report. Don’t hesitate. Get the facts today!

Avoiding Mortgage Modification Fraud

I Am An Agent Against Mortgage Fraud!

The last thing struggling homeowners need is to be victimized by fraud. Sadly, some people are preying on those who need help the most. Today, the real estate industry is the newest, biggest target for predatory schemes. In fact, the U.S. Attorney General, Eric Holder, stated that mortgage fraud cases are 400 percent higher than they were five years ago.

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone. Knowing your legitimate foreclosure-avoidance options is the best way to fight this terrible trend.

The report on this site will tell you how to avoid mortgage fraud schemes, as well as what solutions are available to you. Enter your information below and get the facts now!