Last week I was talking with a seller who was facing a Michigan foreclosure about his options. His situation was a lot different from 99% of the families I as he has a bit of equity in his home. Trust me, in Michigan, this hardly ever is the case.
He currently has it listed with a Realtor® for almost $50,000 more than he owes on it. As his foreclosure date gets closer and closer, he wasn’t sure what to do.
My suggestion to him was to lower his price drastically (he’s had almost no showings). I figured it was better that he only receive five or ten thousand dollars out of his equity than give it all to the bank in a foreclosure. Wouldn’t you agree?
As we were finishing up the conversation, he asked me “so what are you trying to sell me”. I simply replied that I wasn’t here to sell him anything and that my job is to help him figure out what’s best for his situation. He thanked me for my time and said it was refreshing to talk with someone who was interested in helping him.
I don’t tell you this to pat myself on the back. Only to remind you that I’m here to help you with your specific situation. There’s not a one size fits all solution that I can type up and leave for you to read. If you want to know what’s going to be best for you, give me a call because I need to have a “real live” conversation with you, get your details, discover your needs and wants, and come up with a solution with you. Contact me today.
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