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! : Michigan: Royal Oak

Royal Oak Short Sale Just Sold, Oakland County MI Mike Sher Max Broock Realtors 

Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher

The Mike Realtor Team is proud to announce that our Royal Oak Home has recently SOLD. With our 90% Short Sale success rate, the Mike Sher Team is has saved another home from Foreclosure. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher

Royal Oak Short Sale Just Sold, Oakland County MI Mike Sher Max Broock Realtors

We Sell Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher

The Mike Realtor Team is proud to announce that our Royal Oak Skyloft has recently SOLD. With our 90% Short Sale success rate, the Mike Sher Team is has saved another home from Foreclosure. If you are looking to sell your home or looking to buy a great home for a great price, the Mike Sher Team is here to help. Call us at (248) 644-4700 X 242 or check us out at www.ShortSaleOaklandCounty.com or www.mikerealtor.com Mike Sher

Just closed on my 21st short sale of the year.  This was a Royal Oak townhome that we sold for 40% of what my client owed.  My client had been out of work for 9 months and could not find any new employment.  She was burning through her savings and was scared.  The borrower could not get a loan modification because she had no income and soon she was going to have to walk from her home.  This was not in her nature for she was a spiritual person who does not like to walk away from her problems.  Her mother found me though reading my blog on short sales.  I must admit, when I first spoke to her, I was not going to take the listing.  The condo was going to be very hard to sell since the units were unwarrantable.  This means that the buyer would have to pay cash. This would lower the sale price to below $40,000.00 and since she had two loans, I knew that this would be a tough short sale.  But, she seemed so nice, I could not say no.  Well we closed and below is a letter she wrote for me. 

The moral is that the best way to keep a client is to make them a happy client.

Mike Sher

Dear Mike,

I just want to thank you again for all the hard work you did in short-selling my condo in Royal Oak. In these times that are extremely difficult financially for so many people, you are making a true difference in so many people's lives. You helped to save me from having to go into foreclosure. You were confident and encouraging the entire time, and I think it was your positive energy that helped us to hurdle all the obstacles in the path. Thank you also for always keeping me up to date the entire time with e-mails and records of how you were creatively advertising my condo., scheduling all the showings, all the phone calls to the bank, and finally all the phone calls with the buyers. You made the whole process smooth sailing.

You have an amazing gift, and your integrity in your business dealings shines through. Now, I feel hope to go on with my life and make a fresh start. I'll be sure to refer you to anyone I come across who needs similar help.

Take care and Happy New Year!

Sincerely,
T. K.

 This is a Royal Oak Short Sale that I listed and closed.  My seller needed to sell.  He was stuck in a predator loan with a very high monthly payment.  The balance of this loan was so high; I don't know how the borrowers could have qualified.  The loan was a no doc, stated income "liar loan".  The fees on the refinance were so high it was criminal.

The seller could not afford the loan in the first place and with the economic downturn he was certain to be foreclosed on.  The Seller and Buyer were both thrilled by  my services.   Without a Short Sale, the seller would have been foreclosed on.  This would result in years of debt and probable litigation.  

PROFILE:

Location:  Downtown, Royal Oak, MI                          

Type: Duplex 1930's, great location.

Condition:  Need of some repair.  Also need a variance to keep the multi-family zoning.

Lender #1:  Homecomings Financial

Amount Owed: 310,000

Sold Price: $195,000

Negotiation time: 2 month

Amount owed by seller post closing: zero

Seller's out of pocket costs:  0

Hardship: loss of income, failing business and need to reduce expenses.

Happy Seller, Happy Buyer and One less Foreclosure in Michigan.

 Call me, I can help

Sell My Home to Stop Foreclosure Now

 Mike Sher                                                                     

Office: (248) 644-4700x242   Fax :(248) 499-1020
4120 Telegraph Rd, Bloomfield Hills, MI 48302
E-mail: mike@mikerealtor.com            

Blog/Profile: http://activerain.com/mikerealtor  Web: www.mikerealtor.com                   

Linkedin: http://www.linkedin.com/in/mikesher  CDPE: http://hosted.cdpe.com/MikeRealtor/

 he 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.

Time for the Friday Roll Call!!!! Let's get positive!!

I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:

1. Have 3 closings next week.

2. Working on a 5 short sales with offer right now.

3. I taught the short sale class for my association.  It was a lot of fun, I love what I do.

4. Taking food for 30 people to a client's office.  Sure to get good karma for this.

5. Lost a short sale buyer, was mad, then sad, but will find another buyer which will make me glad.

6. Healthy family and all is well!!

***" Victories are found not just in great beginnings but more in great finishes. !! ", Mike Sher?***

As your coach told you in youth, play hard the full 60 minutes and you will always be a winner.

 Mike Sher,

Office: (248) 644-4700x242 Fax :(248) 499-1020 Bloomfield Hills, MI 48302 E-mail: mike@mikerealtor.com

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

Time for the Friday Roll Call!!!! Let's get positive!!

I am dedicating another post just to allow all of us the opportunity to read a positive story or two. I will start!!:

1. Received 4 offers this week on my listings .

2. Had an inspection pass on one of my short sales.

3. was asked to speak on a panel of short sale experts for Oakland Count Investor Group, I will be the only realtor.

4. Have over 60 people sigh up for my Short Sale class at MCAR

5. Have 6 short sale home under contract, no the real work begins.

6. I am NOT working on Father's Day, will spend my time with my three most important clients, Lucy, Rose and Mollie (my children).

***" Work to live, but try not to live for work, spend a little time with those you love !! ", Mike Sher?***

Happy Dad's day to all of us and all who we care for,

 Mike Sher,

Office: (248) 644-4700x242 Fax :(248) 499-1020 Bloomfield Hills, MI 48302 E-mail: mike@mikerealtor.com

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

 Recently I had a Seller in my office wanted me to Short Sale his home.  The Seller had already stopped making payments, not because he could make them, but because he was advise by "A Short Sale Specialist" that for some reason is now out of the picture. 

Seller is now months behind.  He has a new business that was doing very well, but not on paper.  He currently shows financial hardship, but that hardship would end in the 2^nd and 3rd quarter, his company profits are going to be too great (nice problem to have).  The seller did say he could have his partner hold the profits until the short sale was done.    

QUESTIONS TO ASK YOURSELF:

• Do I think I could have Short Sold his home? Yes.
• Did he have enough fact to create some good fiction? Yes. 
• Would I be trading my principals for pay check? Yes. 
• Are their other home owners that needed my services with real hardship? Yes. 
• Would I rather help those who need me then those who want me? Yes. 
• Is a Short Sale for everyone? NO!!!!!

Below is the email I sent the prospect.  Feel free to copy it and use it the next time you need to say NO.

 I will still call you today as well.  But in the meantime, I wanted to let you know that I will not be taking your listing on for a Short Sale.  As told in our one-on-one meeting, a Short Sale is based on Hardship; and, though I am sure you have experienced hardship, I feel that under the guidelines that I must work under established by the investors who approve and deny Short Sales, your hardship might not qualify for a Short Sale.  As I told you, I have a very high success rate, and that is because I only take on Short Sales that I know I can get through.  I am not confident enough with your set of circumstances that we will be successful.  I would rather be honest and upfront about this than to put you through all the hoops and costs to find out that it was in vain.

I am sure that another agent will take on your listing for the chance to increase their listing inventory.  They would pick up a few buyers out of it, but I do not think they will get the Short Sale through unless they provide documentation of hardship that does not seem to be evident to me.   I, for one, will not take chances with someone's future credit worthiness or future foreclosure to make a buck or get a buyer.  I also do feel responsible to be honest to the investor and feel that the only way I could be successful is to fabricate or embellish a hardship which is not in my comfort level.   Sorry, and I wish you the best of luck.

 Mike Sher,

Office: (248) 644-4700x242 Fax :(248) 499-1020 Bloomfield Hills, MI 48302 E-mail: mike@mikerealtor.com

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

Friday, March 27, 2009

Dear  Short Sale seller,

During these economic times, "the Mike Realtor Team" from Real Estate One is the team you want on your side.  They persevered in a very dry housing market, found a buyer, and negotiated brilliantly with the bank to sell my Ferndale house in a short sale.  I highly recommend you to use the persistent, thorough, and attentive realtor team in the real estate wars and more importantly to sale your home.

Sincerely,

 David and Kellie  

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.