RE/MAX First

According to data from the National Bankruptcy Research Center, US bankruptcies have reached a 5 year high. The last record was set in 05. That record was set because bankruptcy laws were being tightened up.

“Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.”

We often get asked if a short sale is even worth the effort. "Why don't I just let the bank have the property", sellers tell us. "I don't ever think I'll be able to fix my credit to be able to buy another house."

"I am working on a loan modification on my home. I just don't want to be upside down. Why should I pay on a mortgage that is twice as much as my home is worth, plus the interest on that mortgage? It just doesn't make sense.

"Is it legal for a short sale seller to buy the house he is selling on short to reduce his mortgage loan?"

"I am a California Resident but have 3 distressed Florida Properties pending foreclosure. Under Florida law a creditor cannot garnish wages. Will investor pursue deficiency? If yes, will they follow FL or CA law? Thanks, Phil.”

The Stop Foreclosure Institute recently received a question from Brent. "If we are not behind on our mortgage but can't sell our home through a normal sale because we don't have any equity, can we still qualify for a short sale?

What most divorcing couples who own property with loans on it are not told until it is to late to save their credit ratings.

Most all of the biggest mortgage lenders are now pushing homeowners and real estate agents to do short sales instead letting properties go into foreclosure

Free information outlines foreclosure alternatives for homeowners struggling to make their Mortgage Payments in Macomb and Oakland County MI