Mike Sher's (mikerealtor) Blog

Here is a great site to evaluate if you are a good candidate for a Short Sale.  You will find great content like: Foreclosures solutions Short Sale explanation FAQ's about Short Sales Under resources you will find 3 reports Options and Solutions Foreclosure Vs. Short Sale 7 Short Sale Myths Plus ...

To all of my loyal Blog Readers and to those who just want to know where I am. I have accepted the position as the newest Associate Broker at Max Broock Realtors in Bloomfield Hill. Please feel free to contact me there for any of your Real Estate questions or needs. My new contact information is ...

 To all of my loyal Blog Readers and to those who just want to know where I am.  I have accepted the position as the newest Associate Broker at Max Broock Realtors in Bloomfield Hill.  Please feel free to contact me there for any of your short sale questions or needs.  My new contact information ...

  Research area, meet neighbors before buying home By Eric CzarnikC & G Staff Writer Many homes on the market are judged for their architecture, floor space and condition. But some experts are warning homebuyers not to confine their checklists to a house's four walls. The atmosphere of a neighbo...

This will be my last Short Sale Class, so if you missed the others or you are looking for an update, it will be worth your time to come.  I will have two guests with me, Aric Melder (bankruptcy Attorney) and Brent Jones (CPA).  We will cover how to negotiate short sales in detail, the legal and ...

Just closed on a great home right in Down Town Birmingham!!  Yes it was a Foreclosure and yes it took for ever to close, but well worth it.   After texting my buyer about the home moments after it went back on the market. We walked through the door and knew it was a steal of a deal.   How did he ...

Often Realtors, Clients or Friends ask me what is the key to Short Sale success.  As you can guess from the Churchill quote above, "ACTION" is the key to success.  This quote also covers why Short Sales fail "INACTION".   Below I have listed examples of Action and Inaction: so you know the differ...

The link below comes from a CNN report on how banks are foreclosing on borrowers but never taking title so the borrowers are foreclosed on but still have all of the obligations as owners of the home.  All city fines, taxes, assessment and any violations from the municipality are still the respons...

I have recently expanded my team to an additional processor to call on the banks. She asked me if I could include a list of pertinent questions to ask the Short Sale or Loss Mitigation Departments. So here they are in no specific order of importance. 1. Where do we fax the 3rd party Authorization...

This is a great blog.  Many listing agents plan to fail, because they failed to plan and getting a good education in our market is vital.  Plus they need to keep with all of the updates from Fannie Mae to Freddie Mac and FHA.  Read every post that you can find, look up new guidelines in your loc...