Comments on: 11 Things About Buying A Short Sale Property In Michigan http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/?utm_source=rss&utm_medium=rss&utm_campaign=11-things-about-buying-a-short-sale-property-in-michigan Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Michigan Tue, 07 Feb 2012 20:06:34 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jennifer http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-70190 Jennifer Fri, 11 Nov 2011 21:15:01 +0000 http://mioaklandcounty.com/blog/?p=820#comment-70190 Hi Maureen, I was reading your artical and was wondering if #8 is still a current practice of your? If so, I would like to know what information you learned recently about your Birmingham property on Graten? Jen Hi Maureen,

I was reading your artical and was wondering if #8 is still a current practice of your? If so, I would like to know what information you learned recently about your Birmingham property on Graten?

Jen

]]> By: J. Alan http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-70041 J. Alan Wed, 06 Apr 2011 02:53:26 +0000 http://mioaklandcounty.com/blog/?p=820#comment-70041 Maureen, you said: "In today’s Metro Detroit real estate market, there is almost no way a prospective buyer cannot run into a few short sale properties or foreclosures during a home search" Well, I'm an agent out here in Riverside, Ca and to say that we "run into a few short sale properties" with our buyers would have to be the understatement of the century. I just ran the numbers for the 2011 first quarter and short sales account for nearly 70% of all listings and the majority of the rest are investor flips. It is a major pain trying to get someone into a house out here. At any rate I thought this comment fit right in with your post; and oh yeah, great post! Maureen, you said:

“In today’s Metro Detroit real estate market, there is almost no way a prospective buyer cannot run into a few short sale properties or foreclosures during a home search”

Well, I’m an agent out here in Riverside, Ca and to say that we “run into a few short sale properties” with our buyers would have to be the understatement of the century. I just ran the numbers for the 2011 first quarter and short sales account for nearly 70% of all listings and the majority of the rest are investor flips. It is a major pain trying to get someone into a house out here. At any rate I thought this comment fit right in with your post; and oh yeah, great post!
J. Alan´s last [type] ..Corona Short Sales The short sale ratio in Corona- CA

]]> By: Maureen Francis http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-70029 Maureen Francis Mon, 21 Mar 2011 19:07:34 +0000 http://mioaklandcounty.com/blog/?p=820#comment-70029 Stephanie, I feel your pain! Should not have been over a month since you accepted the banks offer. Hopefully you are close to resolution now. Maureen Stephanie,

I feel your pain! Should not have been over a month since you accepted the banks offer. Hopefully you are close to resolution now.

Maureen

]]> By: Stephanie Kathryn-Grace Wilber http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-70022 Stephanie Kathryn-Grace Wilber Fri, 11 Mar 2011 05:04:15 +0000 http://mioaklandcounty.com/blog/?p=820#comment-70022 I put an offer in on a short sale september 15th 2010... it is now march 10th 2011... bank has made the counter offer over a month ago and we accepted.. so what am i waiting on.. it will have been 6months on march 15th!!! I am at the point of ripping my hair out!!!! Ive heard of short sales taking up to 6 months.. but not longer... i mean come ON!!!! I put an offer in on a short sale september 15th 2010… it is now march 10th 2011… bank has made the counter offer over a month ago and we accepted.. so what am i waiting on.. it will have been 6months on march 15th!!! I am at the point of ripping my hair out!!!! Ive heard of short sales taking up to 6 months.. but not longer… i mean come ON!!!!

]]> By: mitchell -Bridget http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69478 mitchell -Bridget Fri, 21 Aug 2009 01:06:28 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69478 my husband and I have put an offer on a short sale about the begning of may. i offer have been selcted be we our still wating for the bank to get back with us it is know going into the begning of september. also our agent never calls us let us know what's going on we always have to call her. we our thinking about another agent. should we continue to wait or keep shopping around. thanks for your feed back. from new heaven MI, my husband and I have put an offer on a short sale about the begning of may. i offer have been selcted be we our still wating for the bank to get back with us it is know going into the begning of september. also our agent never calls us let us know what’s going on we always have to call her. we our thinking about another agent. should we continue to wait or keep shopping around. thanks for your feed back. from new heaven MI,

]]> By: Jerry http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69464 Jerry Mon, 03 Aug 2009 17:34:04 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69464 I'm a potental seller and considering doing a short sale on my home I was renting out to keep up with the payments while I'm now working and living out of town. Do you have to get a lawer to start the short sale process with the lender or would I just go directly to my mortgage company without an attorney? I'm not sure how much negotiating would be needed if any with the mortgage company. I trust my lending company .... I think .... or should I? I've had the home for 14 years and in the Michigan market, I'm lucky if I'm at the break even as far as what I owe on the loan. I would probably have to say I'm heading toward it being worth less than what I owe or very close to it. I’m a potental seller and considering doing a short sale on my home I was renting out to keep up with the payments while I’m now working and living out of town. Do you have to get a lawer to start the short sale process with the lender or would I just go directly to my mortgage company without an attorney? I’m not sure how much negotiating would be needed if any with the mortgage company. I trust my lending company …. I think …. or should I? I’ve had the home for 14 years and in the Michigan market, I’m lucky if I’m at the break even as far as what I owe on the loan. I would probably have to say I’m heading toward it being worth less than what I owe or very close to it.

]]> By: Steven Zylstra http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69455 Steven Zylstra Thu, 23 Jul 2009 04:44:00 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69455 My wife and I have placed an offer for a short sale through our agent to the agent of the homeowner/bank, as the bank has possession of it I think. We did this 2.5 months ago and have been told ours is the best and no new offers can be made. The offer/transaction is waiting for a reviewer. Do you have any advice for me? I live in the Grand Rapids area. My wife and I have placed an offer for a short sale through our agent to the agent of the homeowner/bank, as the bank has possession of it I think. We did this 2.5 months ago and have been told ours is the best and no new offers can be made. The offer/transaction is waiting for a reviewer. Do you have any advice for me? I live in the Grand Rapids area.

]]> By: Short sales successes | MI Oakland County http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69449 Short sales successes | MI Oakland County Fri, 10 Jul 2009 00:09:26 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69449 [...] you can get a deal with a short sale, but it comes at a price.  If you have the time and the patience you could be rewarded [...] [...] you can get a deal with a short sale, but it comes at a price.  If you have the time and the patience you could be rewarded [...]

]]> By: Short Sale Can Save Metro Detroit Home Sellers — miOaklandCounty.com http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69343 Short Sale Can Save Metro Detroit Home Sellers — miOaklandCounty.com Thu, 26 Feb 2009 17:47:56 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69343 [...] 11 Things about Buying a Short Sale in Oakland County [...] [...] 11 Things about Buying a Short Sale in Oakland County [...]

]]> By: How Does a Short Sale Affect My Credit Rating? — miOaklandCounty.com http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69267 How Does a Short Sale Affect My Credit Rating? — miOaklandCounty.com Tue, 13 Jan 2009 20:35:01 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69267 [...] 11 Things About Buying a Short Sale in Michigan [...] [...] 11 Things About Buying a Short Sale in Michigan [...]

]]> By: Short Sale Help Might Be On The Way — miOaklandCounty.com http://mioaklandcounty.com/blog/2008/05/05/11-things-about-buying-a-short-sale-property-in-michigan/comment-page-1/#comment-69253 Short Sale Help Might Be On The Way — miOaklandCounty.com Sat, 10 Jan 2009 18:54:05 +0000 http://mioaklandcounty.com/blog/?p=820#comment-69253 [...] 11 Things About Buying a Short Sale in Michigan [...] [...] 11 Things About Buying a Short Sale in Michigan [...]

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