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Mike Knows buyers for your short sales. Mike Knows a network of investors willing to place an offer on your short sale. This will help move the case along much faster than waiting for a retail buyer. Most cases are reviewed and offers made within 48 hours. The offer is cash and willing to close in 30 days or less.
Call now 1-888-Hom-BuyR!
Mike Knows Short Sales is a premier real estate blog that specializes in the Short Sale business. What does Mike Know?
We all know how tough the real estate market currently is. NOW is the time to take advantage of the existing market. Mike has dealt in the real estate business the last 5 years, and specializes in the distressed market doing short sales for the last 2 years. Mike has worked on hundreds of cases and dealt with the lenders in the market! A system and connections are what you need in this market (like Mike) to succeed. Do you need help with your property? We are short sale experts with experience and great relationships with many of the lenders. We are getting short sales approved weekly, so send us a note or give us a call to see how we can help you! Mike Knows Short Sales is a blog where you can get updates on the local and national markets, get opportunities to work with Mike and his solid business and network, and get free training to assist you assist property owners while making an income doing short sales We all know how tough the real estate market currently is. NOW is the time to take advantage of the existing market. All of the pricing is NET to seller. The majority of the properties are approved short sales that have been finalized with the bank. Bring ALL offers! Do you need help with your property? We are short sale experts with experience and great relationships with several of the major players. We are getting short sales approved weekly, so send us a note or give us a call to see how we can help you! Call 508-278-3400 or email Mike directly at MikeO@LMSGNow.com Reality strikes againI really don’t like posting negative and yet the same old broken record story over and over again. I just reviewed my posts and it is the constant same old updates. The Truth is that this will not change until we get through the correction in the real estate housing market. Obviously, this is stemmed …read more HAMP Program a delayed failure??? Nah really???I am not the critic here. I am just a guy whom has seen the real deal of results and what we have been saying all along that this is WHAT WE KNEW ALREADY!!! NEW HAMP RESULTS in Question…Really???…Ok, so you would think that I am some type of conspirator by now….I mean for a guy who lost some of his own houses to this market down turn (implosion to be more accurate) and to witness over the last 2+ (to the tune of 130 short sale files), would question how the banks and …read more FOX NEWS HOUSING REPORT…(read now)“The Obama administration’s $75 billion foreclosure prevention effort has made only a small dent in the problem. “More than a third of the 1.2 million borrowers who have enrolled in the mortgage modification program have dropped out. That compares with about 27 percent who have received permanent loan modifications and are making payments on time” Report: Results in RE Market…slow & steady finishes the race!I am sharing an article (or actually a report) on the 1st Quarter results from the FHFA (Federal Housing Finance Agency) on the Government programs HAMP and other methods of moving through this CORRECTION. The headline states: 1.7 Million GSE Loans at Least 60 Days Past Due As foreclosure rates hit record levels, more sellers are turning to short sales as a way to avoid foreclosure. So, how does it work? In a short sale, the seller arranges with their mortgage lender to accept a price that’s less than the amount they owe on the property. As part of this arrangement, the lender typically agrees to forgive the rest of the loan. As a result, the seller doesn’t have to go though a foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property.
Sounds good right? Well, sellers need to know that a short sale may damage their credit, though probably not as much as a foreclosure. Also, lenders generally will only agree to a short sale if the seller is many payments behind and has received a default notice. Buyers may get a great property at a discount, but they also will need to go through some extra paperwork too. Not to mention, they also need to be prepared to roll up their sleeves if that new property needs fixing up. |
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