RE/MAX First

a short sale occurs when a lender agrees to accept a smaller payoff on a mortgage than the amount owed. For example, if you borrowed $400,000 on your home and the value has dropped to $265,000, you would be able to sell the home in a short sale

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.

Have you been prevented from refinancing into today's low interest rates due to declining property values, increasing debt? The HARP 2 program, is expected to help millions of homeowners to refinance saving them hundreds of dollars each month.

Are You Having A Hard Time Keeping Up With Your Mortgage Payments? You May Qualify For the Gov’t new HAMP2.0 Refinance Program!

You may choose to forward this to someone you care about that is upside down on their home. Imagine how grateful they will be.

You also will be paid $3000 to pay for relocation costs. If you qualify for HAFA, then your mortgage company will work with you to short sell your home.

It’s no big shocker that many homes in Southeastern Michigan have drastically declined in value over the past few years - some areas more than others

Distressed Homeowners are finding that there are more options than they previously realized to save their homes. Capitalizing on new government programs homeowners are finding banks are increasingly receptive to exploring these options.

A "Short Sale" (Also referred to as: "Negotiated Settlement", "Short Pay" or "Pre-Foreclosure") occurs when a Lender agrees to accept less than the amount owed on the original note or total payoff

Selecting a real estate agent to assist you with short selling your home is an important part of the overall short sale process.