Short Sales are getting alot of attention in the Ann Arbor Area. A short sale is when a home owner owes more on their home than the current market conditions will allow them to sell for. You may have heard the it said this way, "the seller is upside down on their mortgage.
Buyers are able to purchase these homes for less than the what is owed to the banks. To purchase a short sale in the Ann Arbor Area, it is important to have lots of patience. Typically a short sale takes a minimum of 12 weeks to work through the process in Ann Arbor, Saline and Ypsilanti Township.
Today I am going to have you look at the Short Sales available in 3 communities in Washtenaw County, Ann Arbor, Saline and Ypsilanti Township.
Click on each link below and it will take you to the available homes in each community.I will be posting on different communities throughout Washtenaw County and the homes available to be sold short.
***Make sure you work with a Realtor that understands the Short Sale process, knows the right questions to ask. We have a TEAM of 6 Buyer Agents that can help you***
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Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
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Stay strong, stay faithful, stay honest, stay loving, stay true to who you are, most importantly stay true to who God is as you'll be who you are, and you'll be happy, you'll be you, you'll be free. -Jamie Caulk
Short sales are such a struggle you are so right it does take a lot of time and knowing the correct paperwork to make it happen. Plus a lot of Patience.
I'm looking forward to closing a short sale that has been over 7 months from original offer! The buyer has been VERY patient and will be rewarded with a great deal.
Great post on short sales, Missy. They are very much a part of our world here in FL. 17% of all listings on Fleming Island are short sales - we have another area where it is 27% in a new development that was booming a couple of years ago...see you Saturday at the AR party!!!
Missy-The most important point you made is that you need to work with an agent that knows how to do short sales.
Short sales... I am trying to avoid them, but this is great information (as usual!). Looking forward to finally meeting you this weekend. Flying out this morning.
Great image to go with being upside down! Have had several short sales this year -- 4 on listing side, 2 on the selling side. Curently have one where the bank has had for over 90 days -- bank had already turned down 2 offers -- think we've had something going on for at least 6 months. Waiting now for the second lien holder to sign off. Lots of patience needed! Hope yours go fast, fast, fast!
Enjoyed your comprehensive short sale post. Here in Hawaii, the state passed Act 137 in June which prohibits realtors from dealing with banks on distressed properties. Distressed properties are defined by a number of criteria including being 60 days late on the mortgage. Pretty much many short sales are distressed properties by this definition. Makes it extra tough and difficult for realtors to participate. Arrghh! Aloha from Kauai
Missy..... your professionalism shows in your posts... you tell it how it is... You said shorts sales take patience and in your area, about 12 weeks. You don't sell the consumer short. We need more people to stand up and tell it how it is and not be a sales person, telling them something that sounds great, just to get them in the door... My name is Jeff Belonger and I approve of this message. ;o)
I do love your graphic to illustrate loans that are upside down! LOL. This is a topic I've avoided for the most part, but I guess I should give it a try. This proves it doesn't have to be a depressive or boring read.