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Archive for the ‘Distressed owner/seller’ Category

If Your Short Sale Agent Has A 90%+ Success Rate, Are They Really Looking Out For Your Best Interests? It seems like every broker has one- a “company” or “group” who will handle short sales for their agents’ clients. I’m contacted a couple times a week with the common pitch: “All you have to do [...]

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Why I don’t List Short Sale Listings The title is off a little- if you are a past client or a friend I will consider taking your short sale listing, but you have to play by my rules- no exception. And those rules will be the topic of another post. For the most part I [...]

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Southeast Michigan Short Sales- Why You Should Avoid Many Of The So Called “Short Sale Specialists” I will preface this post with a kind of anti-disclaimer: If you have to sell via short sale, I DO NOT WANT TO LIST YOUR HOUSE. If you are a past client or a friend, I will list your [...]

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Bad Advise From Your Realtor? From Your “Short Sale Specialist”? What Are Our Responsibilities? Where Does The Buck Stop? I’m going to start this post with a true story. A week or so ago I received a phone call from an out of state Realtor asking if I would list his sister’s house- a short sale listing. [...]

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Oakland County MI Seller- When Foreclosure May Be Your Best Option If you need to move, and you’re upside down on your mortgage, short selling your house isn’t always the best option. Sometimes bringing the difference to closing is best. Sometimes renting your house out instead of selling is your best option. And sometimes letting [...]

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Oakland County MI Home Seller- The Short Sale is Subject to YOUR Approval Too When you sell your home via short sale in Oakland County MI or Lapeer County MI one of the contingencies in both your listing agreement and purchase agreement will be (should be) “subject to seller and lien holder approval of short [...]

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Incomplete MLS listings for North Oakland County MI homes have been notoriously incomplete the past couple years and has been getting worse. Can incomplete and inaccurate MLS listings be a large part of the blame for the rash of low appraisals we have all been experiencing in North Oakland County MI lately?

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There are many distressed sellers in North Oakland County MI. I just did my sales updates for Oxford MI and over 60% of the sales in 2010 were distressed sales- bank owned and short sales. I will probably come up with similar numbers when I’m finished with Lake Orion and Clarkston, and the surrounding areas [...]

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Why do Oakland County MI short sales listings that are pending still show up as active listing in on Realtor.com and other sites? Oakland County MI real estate agents tend to use the status of CCS which is an active status for their short sale listings

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Oxford MI homeowners, if you are thinking about selling your home, please interview agents and ask to look at current listings. Completely filling out a listing is one of the most basic things a listing agent does and in an Oxford MI home search today HALF of the active listings in my search were very incomplete

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