|
this is the official website of 'the'
Wayne County Short Sale Team
We are "your" Wayne County Short Sale Specialists
- Team Leader - Roy Wysack
We are proud to be affiliated with
County
Short Sale Team, LLC, founders of
Line504.com®
the premier Loss Mitigation Data Base Management Software
Program.
Attention Short Sale Listing Agents and Loss
Mitigation Companies -
Click the link for free Short Sale Software
trial
Important Short Sale news for Bank of
America Borrowers -
You could receive $2500 to $30,000
in relocation assistance!
Call me now for details and to see if you
qualify - Roy Wysack 734.629.7222
HOMEOWNERS - See
if you Qualify for a HAFA short sale !
Short Sale BLOG
Get a FREE one-on-one
consultation with our
Short Sale Attorney
and put your mind at ease.
If you are
reading this page, you are not alone! If you are facing foreclosure
in Michigan, or having a hard time making your mortgage
payments, we have information
you need now!
If you qualify, we will be able to discuss your situation with
your lender and possibly negotiate an alternative to foreclosure
on your behalf through a loan modification or 'SHORT SALE'.
A Short Sale is your best option if you have to move, or cannot
afford to live in your home any longer. And, a Short Sale is
usually the preferred option of lenders
compared to a foreclosure. If you are upside down in your
mortgage, and you have a legitimate
hardship preventing you from paying your mortgage, you may
qualify for a Short Sale, and you may be able to become fully
released from future liability of your mortgage debt.
CLICK HERE now and ask Roy about the 'Holy Grail' of the
Short Sale. This is what you need to get out from under
your mortgage debt.
Delay is the deadliest form of denial.
C. Northcote Parkinson (English Historian and
Writer
1909-1993)
Don't delay any longer, call Roy now at
734.629.7222 or
e-mail to get started!
Understand your options
- Free Consultation -
Understand your rights
|
CLICK HERE FOR
LINK to
Supplemental Directive 09-09
(revised)
HAFA
Foreclosure Alternatives
This
Supplemental Directive provides
guidance to servicers for
adoption and implementation of
the Home Affordable Foreclosure
Alternatives Program (HAFA).
HAFA is part of HAMP and
provides financial incentives to
servicers and borrowers who
utilize a short sale or a
deed-in-lieu to avoid a
foreclosure on an eligible loan
under HAMP. Both of these
foreclosure alternatives reduce
the need for potentially lengthy
and expensive foreclosure
proceedings. The options help
preserve the condition and value
of the property by minimizing
the time a property is vacant
and subject to vandalism and
deterioration. In addition,
these options generally provide
a substantially better outcome
than a foreclosure sale for
borrowers, investors and
communities.
CLICK HERE to see if your
mortgage company is a
participating HAMP service
provider - once on this
government website, click the
link that says "show all
servicers", or you may do an
individual search for your
mortgage service company.
If your mortgage company is
listed here, they participate in
the HAFA Foreclosure
Alternatives Program
and this is good news for you.
Please call us for more
information -
734.629.7222
Please note
that all servicers for
Fannie Mae or Freddie Mac
mortgages are required to
participate in the Home
Affordable Modification program
(HAMP) and the HAFA Foreclosure
Alternatives program.
More
helpful information can be
found on these government
websites:
CLICK
HERE for Making Home
Affordable home page.
|
A
Short Sale will do less damage to your
credit than a foreclosure when you have a cooperating lender. This will enable you to recover from your current problems faster and
get a second chance sooner. Call 734.629.7222 to
explore Short Sale options.
Of course our discussion will be confidential, and there will be
no obligation. You may be
able to avoid foreclosure and walk away from your mortgage with no costs to you,
because in a Short Sale the lender pays real estate commissions
(*) and other
closing costs.
(*) Please note that minimum commissions
apply to short sales. Call for details.
Click Here to see where you are
on the Michigan Foreclosure Timeline, then contact me today to
start on a positive path of recovery and a second chance. It only takes a few
minutes to see if you are a potential candidate for a Short Sale.
- See Sample Short
Sale Listings
-
Get a Market Snapshot of your Home
|
Foreclosure
is a legal process by which a bank, mortgage company or
other creditor takes a homeowner’s property in order to
satisfy a debt. The foreclosure is the result of
non-payment of the mortgage (including second mortgages
and home equity loans); however, people also lose their
homes due to unpaid property taxes. As a result of the
foreclosure (at the end of the redemption period), the
homeowner loses the rights he or she had to the
property.
You can stop a foreclosure with a
Short Sale. Call
to see how - 734.629.7222
|
Alternatives to Foreclosure
Your lender may be willing to work out an alternative to
foreclosure that may help you save your home, or at least to
prevent a foreclosure from ruining your credit.
SOME ALTERNATIVES INCLUDE:
1. Repayment Plan: Your lender may give you a fixed
amount of time to repay the amount you are behind, plus any late
fees, by adding a portion to your regular monthly payment. This
is a good option if you only missed a few payments.
2. Forbearance: Your lender may agree to suspend your
payments for a period of time. At the end of this time, you will
resume your regular monthly payments, and you may be required to
either make one lump sum payment or additional partial payments.
This may be a good option if you have a temporary reduction in
income.
3. Loan Modification: Your lender may agree to reduce
your interest rate, extend the term of the loan, or add missed
payments to the loan balance.
4. Selling Your Home: Depending on the strength of the
housing market in your area, selling may provide funds needed to
pay the mortgage debt in full. In
a “Short Sale,” the lender allows you to sell and agrees to
forgive any shortfall between the sale price and the mortgage
balance. A Short Sale will be less damaging to your credit
than a foreclosure.
5. Deed in Lieu of Foreclosure: You voluntarily transfer
title to the lender in exchange for cancellation of the
remainder of your debt, but you will lose any equity in the home
and may have to pay taxes on the debt forgiven. A sale or a deed
in lieu of foreclosure may be a better alternative than a
foreclosure adversely affecting your credit.
MARS
(Mortgage
Assistance
Relief Services)
DISCLOSURES:
Realtors on the
Wayne County
Short Sale Team,
and the
County Short
Sale Team, LLC
are considered to
be "Loss
Mitigation
Companies" by the
Federal Trade
Commission, and
as such, are
therefore
required by
federal law to
make the
following three
disclosures:
1. You may stop
doing business
with us at any
time. You may
accept or reject
the offer of
mortgage
assistance we
obtain from your
lender [or
servicer]. If
you reject the
offer, you do
not have to pay
us.
2.
County Short
Sale Team, LLC
is not associated with the government,
and our service
is not approved
by the
government or
your lender.
3. Even if you
accept this
offer and use
our service,
your lender may
not agree to
change your
loan. If you
stop paying your
mortgage, you
could lose your
home and damage
your credit
rating.
|