Mike Sher's (mikerealtor) Blog

 Making Home Affordable (MHA) just released an update to its Supplemental Directive 09-09 with some important clarifications for agents and participants in HAFA, in particular: Increased homeowner assistance for short sale and deed-in-lieu of foreclosure transaction from $1,500 to $3,000 Bankrupt...

Below is a comparison of January 2009 to January 2010 monthly housing numbers.  Please see the cliff notes below for a quick read, but make sure you check out your individual city to find out how your municipality stacks up.  It is noticeable that sales our up by 21% and home inventories are dow...

Often short sales fail because someone loses hope and just gives up.  It may be the buyer's agent, the seller, the buyer or listing agent. They just run out of steam and walk away.  The key is never give up. Never Quit, Fight to the end.   A short sale is never a sprint but a Marathon and like al...

 The Mike Realtor Team is proud to announce that our Quarton Lake Birmingham Short Sale listing of 951 Fairfax 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 hom...

 The Mike Realtor Team is proud to announce that our Bloomfield Short Sale listing of 338 Cranbrook with Birmingham Schools 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 bu...

Please join me for a Short Sale Seminar made for Realtors by Realtors.  We will discuss how you can negotiate Short Sales for your clients.  We are not selling any services in this seminar.  We are offering this class so all of us Realtors can provide the best service for our clients because we c...

Short Sale, Troy MI.  By Mike Sher, Max Broock Realtors, Bloomfield Hills, Michigan I just got my first equator BOA short sale approved. Both the first and 2nd were with BOA and they negotiated the loans together, which was nice. Time line as follows: 9/9/09 faxed the hardship and offer to to BOA...

The old saying is still true, “people to don’t plan to fail, they fail to plan. Short Sales are predictably un-predictable. What does that mean? You can always predict that something will go wrong, or will be missed, or overlooked. So, it is time to remember what was passed on from one Boy Scout ...

Must be a team player!  Buyer's Agent will uphold the company policies, procedures, and core values of the team.  Any team is only as strong as its weakest link and in many ways each partner in their own way is the heart of the team.   They will love you and be loyal lifelong clients of the Team!...

Just closed my 21st short sale this year!!  Below is a letter from my client.  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 differenc...