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Entries Tagged as 'short sale advice in Macomb County MI'

Short sale denied by lender, then foreclosed upon. What happens next?

January 16th, 2010 · 1 Comment · macomb county mi real estate market, short sale advice in Macomb County MI

A recent question on Trulia Q & A section has still been on my mind days after I replied to it.
The former home owner who asked the question was denied a short sale in which the lender wouldn’t take $30,000 less for their home. It was then foreclosed upon and sold for $116,000 less [...]

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What is the difference between a foreclosure and a short sale?

April 13th, 2009 · No Comments · macomb county mi real estate market, short sale advice in Macomb County MI, tips for purchasing a foreclosure

For many home buyers in Macomb County there is confusion when it comes to the definition of a foreclosure (bank owned home) and one that is labeled as a short sale.
A home that is labeled as a foreclosure (or REO, or bank owned) is one that the bank already has taken possession of through foreclosure [...]

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It’s about darned time! (Short sale addendums for purchase offers)

February 12th, 2009 · 1 Comment · macomb county MI, short sale advice in Macomb County MI, tips for home buyers, tips for home sellers

I am overly excited this morning about something that is probably not going to mean alot to many people - yet - but  will mean more clarity to those who are considering purchasing a short sale home in Macomb County.
First, exactly what does it mean when you see a home and it is advertised as [...]

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