Short Sale Realtors: Bloomfield / Birmingham / Novi / Troy / Rochester / Beverly Hills / West Bloomfield / Franklin / Royal Oak / Huntington Woods / Oakland County / Detroit Metro Area The Mike Realtor Team!

MCAR is proud to present Fast Track to Short Sale Success, a program designed to help today's agents guide clients through the short sale and foreclosure process. The last time we offered this program it filled up quickly, so don't miss this fresh opportunity to put yourself on the Fast Track on July 28 (register). Even better: the event is free for MCAR members!

Fast Track to Short Sale Success covers the "What," "Where" and "Why" of the short sale process from three different perspectives. Learn the roles and responsibilities of the REALTOR®, the negotiator and the foreclosure attorney during the short sale process. Understanding the core goals of each party involved in the short sale transaction will lead to smoother interactions and a more positive experience for your clients.

Additional topics include:

• The REALTOR'S® role in the short sale transaction and fiduciary reasonability in a short sale
• Understanding HAMP, HAFA for non-GSEs and the new HAFA for Fannie Mae and Freddie Mac starting August 1, 2010
• Issues that may arise after the short sale
• What short sale transactions will look like in the future
• And MUCH more

Fast Track to Short Sale Success, presented by Mike Sher, is Wednesday, July 28 from 3 pm - 5 pm at MCAR's Troy location. Click here to register online.

Copyright © 2010 Metropolitan Consolidated Association of REALTORS®
2125 Butterfield Rd., Suite 100 | Troy, MI 48084
(248) 879-5730 (phone) | (248) 879-8280 (fax)

Often Realtors end up relying on the one point of contact.  This often is the negotiator assigned to the file.  The agent calls, leaves a message and waits.  I believe in an all out communication assault to get my file to the top of the pile.  How:

 First remember the 3 methods of modern communication:

1. phone
2. fax
3. email

Know your cast of characters:

1. Negotiator
2. Loss mitigation representatives
3. Short Sale dept representatives
4. Negotiator's supervisor
5. Customer service
6. Local law firm handling the sheriff sale.

All of these people have information that is helpful to your cause and all of them can carry information to the right sources if needed.

a.       They can email your negotiator.

b.      They can move your file along.

c.       They can read you the notes on the file.

d.      They can tell you how much the BPO came in at.

e.       They can tell you if the BPO came in or if it was even ordered yet.

f.        They can tell you where the file is in the process.

g.       They can tell when the sheriff sale is.

h.       They can postpone the sheriff sale. 

Remember, "Idle hands, our the Devil's tools."  Keep the file moving and an unwatched Short Sale will be a dead Short Sale.

Talk to you tomorrow.

Need more information, call me !

 Mike Sher,

(248) 548-9100 x127

CDPE (Certified Distress Property Expert)

MCAR, Short Sale Trainer

Max Brook and Real Estate One Short Sale Specialist.

 The Mike Realtor Team Blog - Metro Detroit/Oakland County

Servicing in Southeast Oakland County, Auburn Hills, Birmingham, Bloomfield, Berkley, Beverly Hills, Canton, Clawson, Farmington Hills, Ferndale, Huntington Woods, Northville, Novi, Pleasant Ridge, Plymouth, Royal Oak, Rochester Hills, West Bloomfield, Troy, etc. We worked with: Bank of America, Country Wide, HSBC, EverHome, Litton, GMAC, Chase, Wells Fargo, Flagstar, Fifth Third, Charter One, Comerica, Am Trust, US Bank, National City

But, We Can Help!

This is a competitive real estate market.  If you have to sell and can not, perhaps it is time to look at a Short Sale.  The Mike Realtor Team has performed dozens of Short Sales for professionals who have lost their job, income has declined, medical problems, relocation, retirement, divorce, loss of spouse, unable to make ends meet, or other reasons not listed.