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I Can Play Santa Too

It’s Christmas Eve, and yes, I’m working as I write this. Some would think working on Christmas Eve would be horrible. I completely disagree. I just had the joy of calling not one, but two different families, to tell them that we’re stopping their Michigan foreclosure and moving towards closing on their house! What wonderful calls to make on Christmas Eve!! I could hear the joy and relief in their voices and at that moment I knew, they were certainly going to enjoy their Holiday. If you find yourself facing a Michigan Foreclosure, give me a call – you’ll be thrilled that you did. I’d be glad to discuss your options with you and who knows, I’ll probably be calling YOU to tell you that we’ve stopped your Michigan foreclosure!

Emily

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Scary!

I just got off the phone with a homeowner who is facing a Michigan foreclosure. They only have a few months left in their redemption period and called to see what options they have. Unfortunately, since they waited so long without searching for a solution, there are not many options left.

She told me that she’s known this whole time about the foreclosure, but that the idea of it was so scary, that she had just pushed it to the side and didn’t address it. I certainly understand her being scared, but I would find it even scarier if I didn’t know what the next step was, how long I had left in the house, or what my options were.

Yes, the idea of facing a Michigan foreclosure is scary; but your best tool for dealing with that is having information. The more you know about your rights and options, the more control you’ll gain over the process. If you’re not sure who to call, look no further, I’m just a phone call away. You can reach me anytime at 269-685-5921 or on my cell at 269-808-5880.

Emily

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Is Your Glass Half Full or Half Empty?

I saw a quote the other day by an unknown author that said “Life is 10% what happens to us and 90% how we deal with it.” I know it’s hard to keep this in mind when you’re facing a Michigan foreclosure, but it’s true

I’m sure there were extenuating circumstances that led you to the pending Michigan foreclosure you find yourself facing. There always are for the dozens I speak to every week (and there were for me in my Michigan foreclosure). Those circumstances have taken place, and the past can’t be rewritten (I wish it could be!)

So, how do you deal with it? Take charge of your situation. There are options!!! If you need guidance on what those options are, please call me. I’d be glad to give you the information you need to help you decide what’s best for you and your family.

Emily

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It’s Not A Job, It’s A Passion (My Story of A Michigan Foreclosure)

Back in 2002, I had a rental house that the tenant had moved out of. We weren’t able to find anyone to rent it to in order to cover the mortgage, so we decided to sell. The problem? Our house wasn’t worth what we owed on it. Yep, even way back in 2002!

We had invested almost all of our savings into repairs and upgrades to the house thinking that would bring in a buyer faster and at a higher price. Boy, were we wrong. Not only did it not bring in any offers, but we were also out of savings and still had that monthly mortgage payment to make. The next thing we knew, we were facing a Michigan foreclosure.

Why am I telling you this story? Well, because had I known that there were other options out there, like a short sale, I could have saved us from the nasty Michigan foreclosure, all of its financial and emotional damage (can you believe they published our name in the newspaper next to everyone else facing foreclosure in the entire county!?!).

I consider myself lucky that I have a career that I love. I help families, just like mine, stop Michigan foreclosures on their houses. I’ve been in those shoes- I know what it feels like to make tons of phone calls to the mortgage company, only to get nowhere. I know what it feels like to have that heavy burden of not knowing your options just sitting on your shoulders. That’s why I’m here – to lift that burden and to help prevent what happened to my family from happening to your family. If you want to discuss your options, please give me a call – I’m here to help.

Emily

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Bankruptcy vs. Short Sale

This week I got a call from Dan and Betty with a beautiful Four bedroom house in Kentwood Michigan. They are facing a Michigan foreclosure and wanted to know if they should consider a bankruptcy or a short sale. I get this question almost every week as it’s something that should be carefully considered.

Of course, I’m not an attorney, so I can’t give legal advice. Most families facing foreclosure have no money to pay an attorney, so I’m forced to give them something to think about. Perhaps this will help you too.

If you’re contemplating the same decision, ask yourself this simple question: “If it weren’t for the house, would you still consider a bankruptcy?” In other words, do you have other debt you need to rid yourself of?

If the answer is “no” (like most families I talk with), you’ll likely decide to see what we can accomplish with a short sale first (at no charge of course). After all, if we get all of the debt forgiven, you’d have no reason to spend the time and money on the bankruptcy right? Did you know that bankruptcies are also public record? Most families would rather avoid that embarrassment unless they have no other choice (additional debt). Consider also that you can only file a chapter 7 bankruptcy once every 7 years and you need to decide if you want to “play that card” now, or hold on to it for a more urgent hardship.

If we can’t get the short sale done (we have about an 80% success rate when a qualified buyer is found), and the lender seeks a deficiency after the foreclosure, then you can consider filing for bankruptcy.

Of course if you do have additional debt that you can not live with, now is the time for you to make an appointment with a bankruptcy attorney so you can look at the pros and cons of going that route. Of course I can refer a good one to you (not someone who simply is going to try to “sell” you a bankruptcy.

Still confused? Give me a call and I’ll do what I can to help.

Emily

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Well Underway Onto Fresh Start

This past weekend I ran into a family that we helped out with a short sale earlier this year. I was happy to see them, but even more than that, I was thrilled to see how well they were doing with their fresh start. They said that they were renting a beautiful home (larger and cheaper than the one we helped them stop foreclosure).  Now that the pressure of the foreclosure from their previous house was off their shoulders, they were able to start over again with a clean slate and were so grateful for the opportunity to do that.

They are rebuilding their credit, avoided a Michigan foreclosure or bankruptcy and couldn’t stop thanking me for helping them remove all that stress and to start over.

I’m so glad that I have a career that allows me to help so many people through one of the toughest financial decisions that someone has to deal with. If you find yourself in a situation where you can’t make the house payment anymore, give me a call. I’d be glad to discuss your options with you.

Emily

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No Hardship, No Short Sale?

I just spoke with a Betty who, for many reasons, desperately wanted to move. She and her husband spoke to a Realtor® and found out that their house was worth well less than they currently owe so they called to speak to me about a short sale.

Unfortunately, we were not able to help them. Why? Because even though their house was undervalued ($120k), and therefore impossible to sell at a high enough price to pay off the mortgage ($150k), they could still afford to make their payments. They simply wanted to move into a different house.

A short sale only comes into play when you can’t make your payments because of a financial hardship (disability, divorce, loss of job, relocation, etc.) and a Michigan foreclosure is imminent. So what was my advice? If you can keep making your payments, do so and hope the market picks up eventually to a point where you can sell it and pay off the mortgage in full.

If you have questions about whether or not you qualify for a short sale, please give me a call. I’d be glad to discuss your options with you.

Emily

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Avoiding Foreclosure a Piece of Cake?

I just read this article about a woman who “baked” her way out of foreclosure. I can’t speak for anyone else’s baking, but I can tell you that if stopping a Michigan foreclosure on my house was up to my baking skills, I’d be in trouble. There are a few things to keep in mind when you’re looking for a solution to your problem, aside from learning how to bake.

First you need to decide if your financial problems are temporary or permanent. If you are behind on your mortgage payments because a one time bill surprisingly showed up at your door, then baking your way to collect the funds would work. If your problems arose because you lost your job, your family status changed (divorce, death), or some other type of permanent change has occurred, than you need to figure out a long term plan.

If you find yourself trying to figure out your options, give me a call. That’s why I’m here – to help you figure out the option that is best for you..

Emily

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Two Quick Tips

Workouts

I have many people ask me why their lender won’t work out a payment arrangement with them. Most of the time it’s because whatever hardship that caused you to get behind on your payments,isn’t over. If you feel like a Michigan foreclosure is your only option, give us a call. You do have options, but you need to act fast!

Redemption Period

Did you know that in Michigan you do not need to move out of your house on the date of your foreclosure sale? If your lender tells you differently, their are either lying or misinformed. Depending on several factors, you will have between 6 and 12 months to “redeem” your mortgage. You can redeem it by purchasing the house back with either a new mortgage (this won’t happen after a foreclosure) or cash for the full balance, or by selling the property (even via a short sale if needed). By doing any of these, it will STOP your foreclosure. For more information, give me a call, but make it fast.  Why?  That 6-12 month redemption period can very will be reduced to 30 days and we can help make sure that does not happen to you.

Emily

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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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