THIS WEEK IN REAL ESTATE
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SHORT SALE VS FORECLOSURE SHORT SALE: When a lending intuition agrees to accept a lesser dollar amount to pay off your mortgage then your actual balance. You must show a hardship, you have to prove on paper that you cannot make your monthly payments. There is a lot of paperwork that you have to provide so be prepared. This can be a time consuming and can be a lengthy transaction so you need to be patience. If you are in this situation and would like to receive one on one advice please contact me for a personal meeting.
FORECLOSURE: When you stop making payments all together your home will go into foreclosure. It will be sold at a Sheriff auction and you will be given 6 months to redeem it (pay your delinquent balance) or move out. If your home is already in the foreclosure process and you need advise please contact me ASAP.
Neither of these options are good for your credit, but in most cases they are the only options. Lending intuitions do not want your home to go into foreclosure so if you can prevent it with a short sale you will be better off in the long run. I am certified by the National Board of Realtors in Short Sales and Foreclosures, and I will recommend a short sale before a foreclosure in almost all cases. All though they both hit your credit score a foreclosure hits it harder then a short sale. If you have any questions please contact me at 989-233-8380 or jeanann@remaxresults.org.
WHO SELLS THE MOST REAL ESTATE IN BAY COUNTY?
The Real Estate company that has had the most closings in Bay County is Re/Max Results with 264 agent closings as of 8/31/11. 2nd place agency had 208, 3rd was 158, 4th had 123 and 5th was 97.
The following chart is for Bay County sales only.
WEEKLY STATS
AREA # OF NEW LISTINGS PRICE RANGES
AREA # OF SOLD LISTINGS PRICE RANGES
TOTAL PENDING LISTINGS: 31
ATTENTION: We are still in need of homes in the Bangor, Monitor, and Frankenlust area 3 bedrooms or more. Please call me if you are interested in selling your home. 989-233-8380 or jeanann@remaxresults.org
Next week: Property Taxes
QUESTION CORNER: IF YOU HAVE A QUESTION ABOUT REAL ESTATE PLEASE SUBMIT IT HERE AND I WILL ANSWER IT IN THE NEXT COLUMN. YOUR NAME AND E-MAIL ADDRESS WILL NOT BE PUBLISHED. SUBMIT YOUR QUESTIONS TO: remaxjeanann@gmail.com
IF YOU WOULD LIKE MORE INFORMATION OR HAVE QUESTIONS ABOUT ANYTHING IN THIS COLUMN Click Here to E-Mail Jean Ann DeShano
Or Contact Jean Ann DeShano at:
414 Gies St., Bay City, MI 48706
(989) 233-8380
IF YOU WOULD LIKE MORE INFORMATION OR HAVE QUESTIONS ABOUT ANYTHING IN THIS COLUMN, CONTACT ME AT 989-233-8380 OR jeanann@remaxresults.org
414 Gies St., Bay City, MI 48706
(989) 233-8380
Disclaimer: All of the sold, new listing, and stats in this column are from The Bay County Realtor Association web site.
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Jean Ann DeShano |
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