So many homeowners in Michigan owe more on their home than it’s currently worth and don’t know what to do. If you are facing tough times and not sure if you are goingto be able to stay in your current home and looking for options, we have them.
If you are behind on your mortgage payments and the bank is harrassing you about payments and you just can’t seem to meet there demands, we might have a solution to your problem.
A short sale might be a solution for you. If you have a current hardship like a jobloss, divorce, death etc. you may be able to qualify for a short sale and we can help you decide if you will qualify. Even if you are current on your mortgage payments and see the turblance coming down the road, don’t wait until it to too late.
Some things Michigan homeowners are not aware of regarding homeowner rights in Michigan:
1) Michigan has a redemption period. This means that after your home goes to foreclosure auction you still have 6 months to live in the home. In some cases it may even be longer. Contact us to find out where you are in the process and what we can do to help.
2) Just because you owe more than your home is worth doesn’t mean you can’t sell it. If you owe more, you can still sell your home through a short sale that will be negotiated through the bank.
3) You may also be able to work out an arrangement with your bank to do a loan modification on your property. This doesn’t always work, but should be your first step when you are behind on payments.
If you have any questions about Short Sales or the Foreclosure process in Michigan, contact us today at 313-304-6692.
