Mike Sher's (mikerealtor) Blog

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Real Estate Agent - Max Broock Realtors
RECENT BLOG POSTS
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 mo...
12/29/2009
There are millions of homeowners who owe more on their home than it's worth and don't know what to do. If you or someone you know is in this situation, I'm here to let you know that there are answers. However, there's also a lot of confusion in the market today. One myth I often hear is that one ...
12/17/2009
Short sale rules change quickly and quietly.  What does that mean?  It means that the new directive from the Treasury Department did not make my morning newspaper or was splashed all over CNN.  It was sent by email from FNMA, buried in my junk mail.  Like always Important News never makes the NEW...
12/08/2009
Could it be?  Do my feet feel solid land?  Maybe sunny skies are here again!  Well we are not there yet, but for the first time, in a long time, the numbers show promise.  Below are the November sales number for The Real Estate One group of companies (Max Broock, Real Estate One and Johnston & Jo...
12/08/2009
The Mike Realtor Team is proud to announce that we have launched a new Short Sale Website!!! New Short Sale Website for Oakland County Home Owners http://www.ShortSaleOaklandCounty.com/, Oakland County, MI This website was made for consumers to learn about Loan Modifications, Short Sale and Forec...
11/12/2009
One of the most important things about being a short sale Realtor having quality content about short sales that sellers can read on-line.  Often, Short Sale Sellers, do not want to call a Realtor first.  They want to learn as much as they can before deciding which agent to work with.  Make sure y...
11/12/2009
As buyer's agent we need to know the answers to the Home buyer tax credit Frequently Asked Questions.  It is very embarrassing if your buyer knows more about the changes in your profession then you do.  Please see the below NAR FAQ Sheet for the Home buyer Tax Credit Changes.  READ it NOW!!!  I a...
11/06/2009
Great news for all of you Buyers  & Sellers!!!  The Home Buyer Tax Credit is out and looks great. Buyers: Starts December 1st 2009 to April 30th 2010 $8000 for 1st time home buyers $6500 for current homeowners Current homeowners "Must  have used the home sold or being sold as a principal residenc...
11/06/2009
 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".  T...
10/29/2009
This is a Novi Short Sale that I listed and closed.  My sellers needed to sell.  They were both affected by the economic downturn and were unable to continue paying for their monthly mortgage payments.  Their incomes were reduced to more then half of what they were making at the time the mortgage...
10/16/2009
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Mike Sher

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