Foreclosure in Chelsea>Question Details

Barb, Home Buyer in Chelsea, MI

my house in chelsea has been on the market for 2 years. now hoping for shortsale at 125k. It is vacant, I

Asked by Barb, Chelsea, MI Mon Jan 7, 2008

live out of state. Home was rented for past year. At what point do you stop hopiing for a short sale and let the foreclosure process begin? Given my situation, is there a way to get my house reappraised at a lower value since it has definetly depreciated over the past year?

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Hi Barb,
I am an Associate Broker here in New York. I will be happy to work with you and explain the difference between a short sale and a foreclosure. I have done short sales and you do not want to foreclose, believe me. You may contact me a
0 votes Thank Flag Link Mon Feb 18, 2008
Barb - Please email me at - I am very interested in helping you resolve this.
0 votes Thank Flag Link Mon Feb 18, 2008
Hi Barb,

Barb do you still have the property? I've been dealing with many short sales lately and I'm sure I could help you with the process. If you have an agent that's not sure how to do one have them call me.
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0 votes Thank Flag Link Mon Feb 18, 2008
Don't ever stop hoping for a short sale. Keep lowering the price until you get a solid offer. Present that offer to the bank and wait to see what they say. Remember to complete the short sale package and submit that with the offer. Good luck, Jon
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0 votes Thank Flag Link Mon Jan 7, 2008
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