Grand Rapids Short Sales

Are you upside down in your mortgage? Do you owe more than your house is worth? Learn about our Grand Rapids Short Sales process and how we can negotiate with the bank and get your home sold.

Unfortunately, many homes in Grand Rapids Michigan are entering into foreclosure. If you are faced with this situation, rest assured you are not alone. In fact, Michigan has the dubious distinction of having one of the highest foreclosure rates nationwide, 2.5 times the national average. It is not a fun time but steps can be taken to salvage the hit your credit might take.

A high percentage of homes currently for sale in the Grand Rapids real estate market are short sales. Economic hardship, companies downsizing, the local real estate market are factors that cause short sales and foreclosures. When the amount you owe on your house is more than the market value of your house, this is called being upside down on your mortgage. At this point, unless you have some extra cash to bring to the closing, you will have to negotiate with the bank to get them to discount your loan. This is not an easy task.

In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, short of the full amount.

Negotiating with the bank and selling your house as a short sale is preferrable to having a foreclosure on your credit record. With a short sale, you can be back in the housing market within 12 – 18 months while with a foreclosure, it will take 7 – 10 YEARS before you can purchase a home again.

We Can Help

Realty Executives Platinum Group have acquired the services of a dedicated short sale specialist to negotiate short sales on your behalf. If you absolutely have to sell your home, we can sell it and avoid a messy foreclosure and not only that, we can help you get your finances back on track!

We place at your service a certified, licensed Debt Arbitrator and Loss Mitigation Specialist. We can negotiate your short sale, sell your home and repair your finances to help you back on your feet.

If you have any questions, about short selling your property, foreclosures, debt mitigation or any of our services, please contact us or call me direct at 616-570-1871.