Short Sales in Michigan: A short sale enables a distressed borrower to sell a home for less than what is owed on the mortgage with the lender forgiving the difference. In years past, this option has largely been an exercise in frustration for many borrowers as lenders were unwilling to cooperate. But as lenders are looking for ways to stop the tidal wave of foreclosures, short sales are picking up in Michigan. Lenders are starting to realize how the short sale benefits them just as much as the buyer… even if the owner is not late on their payments.
Short sales can be a good way for distressed homeowners to avoid foreclosure, but it’s important that they work with professionals who understand the short-sale process and can help you set the right listing price for your home, negotiate with buyers and help you prepare the package of documents to send to your lender. We are a licensed real estate company that specializes in Short Sales.
If you have a home that may be going into foreclosure or is already in foreclosure, we have a program that may allow you to sell your home and save what’s left of your credit. Find Out How To Short Sale Your Home and Save Your Credit.
If you are a home buyer, the “Short Sale” is a great way to purchase deep discount luxury homes in highly desirable suburban Detroit communities. Find Out How To Buy Short Sales at Substantial Discounts.