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Macomb County MI real estate blog

Time is running out for sellers of short sales in Macomb County MI – and we’re seeing the signs of it.

May 17th, 2012 · No Comments · short sale advice in Macomb County MI, tips for home sellers

A recent article in todays Detroit News highlighted what many home buyers in Macomb County have been seeing since the beginning of the year:  More short sale homes for sale, and less foreclosures.

It can be very frustrating for home buyers, as most that I work with as a buyers agent do not like the uncertainty, the wait or the hassle that the sellers lender can put both parties through.

It’s also an extremely daunting process for the sellers.   One added layer of stress is the fact that at the end of this tax year the Mortgage Forgiveness Debt Relief Act will end, with no extension on the horizon.  (No one is predicting that this will be extended.)  This means that anyone who is considering a short sale on their home, or a foreclosure, has only until the end of the year to have this process completed or they could be liable for a huge income tax burden.

Word is starting to get out (thank you to accountants, attorneys and real estate agents) to home owners who are in need to short sale their home before this important income tax act expires, and because of that, the increase in short sales is being seen.  I fully expect this to continue right through the fall and in to the early winter.  

Because short sales are anything but short to complete, if you are in need of help I work with an agent who is experienced in these.   Email or call me and I will pass along his contact information to you.  (No pressure, just conversation)

Kris Wales – a partner for your real estate needs in Macomb County MI
SEARCH Metro Detroit homes for sale
Contact Kris – 586-536-5453


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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.