Short Sales are the next big thing here in Michigan. As the market has deteriorated, lenders are starting to lean more towards short sales than loan modifications. A short sale, in a brief summary, is an option that you as a Borrower are given by the lender to resell your property for less than what you owe. The lender will review your request to accept or deny less than what is owed on your loan balance sheet. This all takes place when you are currently in the default process of your loan. In a normal environment this would process would start after you have defaulted on your loan at the 90-day point. Due to the economic environment that we are in today, most lenders are waiting 6 months to a year for this process. This is not the case for everyone but it is occuring around the nation.   We make the short sale process a "worry-free" process for the homeowner. We handle all of the paperwork and correspondence for the homeowner. We explain in detail the entire process from A to Z so the homeowner can understand exactly what is going on with their home. We communicate via email and phone with the homeowner to make sure that they are informed on where they are in their short sale process.   As a Homeowner please DO NOT wait until the last minute to resolve your situation. We have encountered numerous situations where the homeowner was negligent about their situation by procrastinating when to resolve the problem at hand. Please be proactive by immediately trying to resolve this issue. Yes, in Michigan if you are still residing in your home when it goes into foreclosure, you will have a 6-month redemption period, but the lenders have no problem in denying your short sale because you waited too long to submit a formal request for a short sale on your property. You could have saved your home or you could have saved your credit from that "Big F" on your Credit Report. No matter what you decide to do, whether move out of the property or stay in the property, DO NOT leave without requesting a short sale. Take care of this Immediately! This IS your way out of your difficult situation!   Call us, as we are here to help you! No hidden fees or pop-up fees. Just Great people here to serve you!

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