Is a Short Sale Right for You?

Some Included Short Sale Information

Where Do Short Sale Buyers Come From
Short Sale Pricing
Short Sale Realtor Presentation

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Home prices have dropped as much as 50% in some areas of Macomb County and Oakland County. Many homeowners in those areas keep asking the Ben Lang Properties Team what they can do to stop the bleeding.

As many homeowners in the Oakland County and Macomb County area know, there are various strategies available to lower your monthly mortgage payments.

But what options do homeowners have if they are so far underwater that refinancing is not feasible and you are desperate to get out from under? Selling A Short Sale Home

You may consider a Short Sale

If you are a homeowner who is wondering if a Short Sale is the best choice for your current situation, take a moment and answer the following questions that the staff at Ben Lang Properties uses to determine if a Short Sale is the best viable option for our clients.

Will you follow through with attorney recommendations?	Yes	No
Will you complete your portion of the short-sale package?	Yes	No
Will you keep me informed of any lender communications?	Yes	No
Do you have an actual hardship?	Yes	No
Do you have assets? - If so, are you willing to use them if required by the lender?	Yes	No
Are you current with your homeowners’ association fees? - If not, are you able to become and remain current?	Yes	No
Do you have realistic expectations of the current market?	Yes	No
Do you understand how long the short sale may take?	Yes	No
Are you motivated to get out of your current situation?	Yes	No
Will you allow me to discuss lien situation with the buyer’s representatives?	Yes	No
Will the property be listed for an adequate amount of time?	Yes	No
Do you agree to display a for sale sign?	Yes	No
Do you agree to a key box?	Yes	No
Will the property be easy to show?	Yes	No
Are you willing to do what is required so that the property shows well?	Yes	No
Will you agree to price the property realistically?	Yes	No

If you answered ‘yes’ to most of these questions, you may be a candidate for a Short Sale. For more detailed information if a Short Sale is right for you, contact Ben Lang Properties, Michigan’s Short Sale Experts!

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