08192017Headline:

Macomb County Michigan Short Sale Help: Short Sale Incentives ~ Why the banks will give you

If you are a Southeastern Michigan homeowner, there has never been a time quite like today.

Since the beginning of the foreclosure crisis, millions of homeowners have found themselves pinned in by their financial circumstances and chained to a mortgage in which they owe more than their home is worth. In the past, Macomb, Oakland and Southern St Clair Counties homeowners enduring these challenges had very few options, and most of them would either be forced to sell their home or lose it to foreclosure.

Today, however, there are more options. The government and the banks have created a multitude of programs and foreclosure alternatives that can help people in these circumstances find a dignified solution for their problems loan modifications, refinancing, or short sales. But what really makes today a unique time for distressed homeowners is one simple fact: Banks are now willing to give you cash to sell the home that you can’t afford. You may be asking yourself: “Why would the bank be willing to pay me money?” and “How much money will they pay?” Let’s take a closer look.

“Why would the bank be willing to pay me money?”

This one is really simple. For the banks, it’s all about arithmetic. In a foreclosure, banks take the home from the homeowner and then sell it at auction. The banks get to keep the money they make at auction, but they also have to pay money on upkeep of the vacant property and expenses related to the sale. For other options, like a short sale, the bank is not responsible for selling or maintaining the house because it is still owned by the original homeowner and it is the homeowner’s responsibility to find a buyer for the home. In almost every case, the final sale amount in a short sale is greater than the sale amount at a foreclosure auction. Because of this simple fact, short sales have become the preferred foreclosure alternative for the banks. This is why they are willing to offer the homeowner cash to short sale their home: even with a cash incentive, the bank still recovers more money in the long run and the homeowner is able to walk away from their financial situation with some cash in their pocket and the opportunity for a fresh start. Other smaller banks also have incentives, and there are even government programs (like HAFA and HAMP) that allow you to do a short sale and receive an incentive. The amount you receive depends on the value of your home and other determinations made by the bank, but today it is not uncommon for homeowners to receive thousands (or even tens of thousands!) of dollars, all while selling their home and avoiding foreclosure in a way that protects their future. The bottom line for Southeastern Michigan homeowners in danger of losing their home is that you have options!

Now those of you who know me know we aren’t going to sit still while a nice family is unnecessarily foreclosed on.

Follow us on Facebook: Click Here Visit My Loan Modification Website http://www.miloanmodhelpdesk.com/ Visit My Short Sale Website http://www.miforeclosurehelp.com/ Visit My Short Sale or Stay Calculator Site http://www.mishortorstay.com

Is a Southeastern Michigan Short Sale Right for you?

So, does a Short Sale make sense? Take a look and use the short or stay calculator on my website log in to www.MIShortorStay.com . Put in your address and data and it will generate a report and offer you and thought of how long it should take for you to break even. It’ll aid you determine if a refinance or short sale is likely to be right for you. If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact me Rick Giese, the areas Leading Short Sale Specialist and Default Advocate at 1-800-274-5656 or email rick@rickgiese.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

For more information on Short Sales or Loan Modifications visit my website www.MIForeclosureHelp.com Consistently ranked as one of Southeastern Michigan’s Leading Short Sale Specialist, Rick is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Rick offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family. As every situation is different and Rick offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Rick Giese experience of representing both homeowners in distress avoids foreclosure and his insider knowledge of the default process makes Rick Giese’s experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank Lee Honish, Rick understands what the banks are looking for and how best to assist you in your time of need. Call Rick Giese today at toll free at 1-800-274-5656 for your free consultation and sleep better tonight

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