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You are currently browsing the Stop Michigan Foreclosure weblog archives for May, 2009.

I Never Tire Of Making These Calls

I had the privilege yesterday of making a phone call to a seller who’s short sale our team has been working on for several months. The phone was ringing and when he picked up I said “Bob, I have great news- you’re house closed today”.

He is currently living out of state and was unable to attend the closing himself. As soon as the words came out of my mouth, I think I heard the whole weight of that house lift from his shoulders. He happily sighed and thanked our team for being able to give him and his family get a fresh start.

I have to admit, I was pretty proud of our team as well. We worked hard and were able to stop their Michigan foreclosure and complete the short sale. That was one phone call I sure won’t forget anytime soon. If you’d like to get a call like this, it starts with you making a call to me.

Emily

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Move Day

I’m up early today since it’s the Big Move Day.  We’ve outgrown our current office and are moving into a place just down the road that has much more space.  We’ve simply ran out of room in our current office and have no room for our newest team member Holly.  I’ll get information up on the blog about Holly within a couple of weeks.

During these tough economical times with house values falling and people losing their jobs, short sales have become the most popular choice for sellers and lenders alike.  Over the last 6 months we’ve had to almost double our staff to keep up with the increased demand so we can help more families like you.

So today we get to finish packing all the boxes, move our computers and phone systems (but we’re still set up to take calls all day) and then unpack.  Of course we’ll have the long weekend to work out any bugs.

Next week we’ll be up and running at our new location and our newest teammate!

Joel

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Please Hold

As I’m writing this blog, I’m on hold with one of the lenders so I can continue my short sale negotiation for a family we are working with (both the husband and wife lost their job within 2 weeks). It occurred to me that most people like you don’t have either the time or the patience, between work, kids, and home life, to deal with their lenders.

Whether you’re trying to modify the terms of your loans, do a refinance, negotiate a short sale or discuss their options for a workout when you find yourself behind on their payments facing a Michigan foreclosure. Hold times routinely surpass 15 or 20 minutes. Navigating through the maze of various Customer Service, Collections, and Mortgage Servicing departments can be time-consuming, frustrating, and impractical for almost everyone!

Here’s the good news, though: that’s what our team does. We keep up-to-date, exhaustive records of phone, fax, and email information to streamline our time spent in contact with lenders, yet there are still many times that we end up on a lender phone call for 45-60 minutes. This is the nature of the business, the way the lenders systems are structured (very poorly I might add). If you’ve tried talking to your lender and have had trouble negotiating a short sale with them, let me tell you, I feel your pain. If you’re at the end of your rope with your lender or would prefer not even to start the climb on your own, give Emily (“Mom”) a call, and let us do what we do best.

Melissa

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Financial Reality Check

Over the weekend (yes, I do work on weekends), I spoke with a gal in Battle Creek who was in need of a major “Financial Reality Check”.

She had fallen 6 months behind on her mortgage because of health issues (couldn’t work), but is now back to work. The problem is that the foreclosure sale is 14 days away and she needed about $6,000 to reinstate the loan.

(“Reinstate” means to bring the loan current and pick right back up where you were).

After talking for a few minutes she told me she really couldn’t afford her regular $600 payments, even if she reinstated it. Despite this realization, she decided to take a $6,000 hardship withdrawal from her 401(k) to save her house.

Here’s the problem as I see it: She can’t afford $600/mo and because of the late payments on her credit, she knows she won’t be able to refinance for at least 2 full years. She’ll end up in the exact same position in a matter of months (facing another foreclosure). Only at that point, she’ll have taken a major hit on her 401(k), which is supposed to be there for retirement – yikes!

She’s having a hard time giving up her house, even though deep down, she knows she can’t afford it. Why? Well, heck, it’s been her home for 36 years!

I can understand this; I just hope for her sake she quickly gives herself a financial reality check and walks away. Otherwise, she’ll be making her situation much, much worse.

Emily

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Fannie Mae – What Are You Up to?

Sometimes I come across and article that expresses thoughts better than I ever could.  Here is such an article – a must read for all you distressed owners still hoping a government program will bail you out to avoid a Michigan foreclosure. Take the time you were going to spend reading this blog and read this article – the opinions expressed are those of the writer alone.

Ann

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There Is Help Out There – Reach Out To It

My Dad has a progressive neurological disease, similar to Parkinsonism. We know he is not going to ever be as good as he once was. When he was first diagnosed, my Mom was depressed and angry and felt that no one cared or could help them because no one rushed in to help. Slowly, through educating ourselves and reaching out to experts who can help us, we have found that there are things we can do to slow the progression and help him have a full life. He can have a good life, even if it isn’t the life he used to know.

If you have a hardship that is preventing your life from being as good as it once was (like a loss of income, disability, death, divorce) and causing you to face a Michigan foreclosure , I urge you to educate yourself and reach out to people who can help you get back to better times. Like with my Mom, no one will call you, but that doesn’t mean they aren’t waiting to help you. They probably simply don’t know you need help. Ask and you shall receive.

If you know your situation is not going to get better because of a hardship that isn’t going away, take control and make something happen. Don’t wait for something to happen. What you make happen is certainly going to be more productive for you than if you sit back and let someone else take control. And of course the best thing you can make happen is a call to Emily (aka “Mom”) to see what options you have. Remember, she probably does not know to call you and offer the help, yet she is here ready to help you.

We are those people who can help. We have helped many Michigan families get a fresh start and make the best of their situation (see all the testimonials here and here). Let us help you.

Ann

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Wow! $283k Wiped Out With Two Houses Last Week

Within the last week, we closed on two different houses and my team made $283,000 of debt disappear between both of them. How is this done? This is done with a short sale. Don’t know what a short sale is? Well you can search this blog to learn more, or just give us a call. We’re really good at them though, based on all of the testimonials you’ll find here and here. Oh, and here’s two more!


“… they were great dealing with the mortgage companies and getting us out of the debt that …”

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John & Kris, Grand Rapids, Michigan


Since I have received a letter from Great Lakes Home Solutions, Inc., my life has changed dramatically.  My house was in foreclosure and the sale date was only a few weeks away.  After talking to a few associates from Great Lakes Home Solutions, Inc, they had not only stopped the foreclosure, but helped negotiate a short sale with the mortgage companies.  I owed over $150,000 at the time and they negotiated a sale with the mortgage companies for only $52,000, which is over $98,000 debt wiped-out.  Furthermore, their team worked with my REALTOR to find a buyer and went to the closing because I could not be there since I was over 300 miles away.  I did all the necessary paperwork by email and mail.  I will definitely recommend Great Lakes home Solutions, Inc to everyone I know.

Craig, Portage, Michigan


Joel

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Thanks To All Who Trusted Us

This blog is to thank all the people who have trusted us to help them get back to better times and make their lives so much better.

  • Deb, the divorced mother who couldn’t make her house payment and was overwhelmed with handling all life’s responsibilities, let alone a house payment, alone. She knew us from no one, found us from a referral, but she took a chance.  Now we’ve helped her move on with no deficiency (bank will not come after her for all the lost money of a foreclosure).
  • Donna & Greg who couldn’ t make their house payment after helping sick family members through a tough time. They didn’t have anyone else to turn to and turned to us after getting a letter in the mail from us. We are helping them get a fresh start after their family’s awful situation time.
  • Mark who had to move out of state to find a job and couldn’t afford two house payments. He found us through a web search, he took a chance and now his old home is not going to be a burden any longer.

I could go on and name hundreds of people that have trusted us to help them. We thank these people for their trust and wish them well as they get back to better times. We want to add you to our list of people we can thank for trusting us. Give us a call and give us your trust. You have nothing to lose – there is never ever a fee.

Ann

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