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Win With Wendy "Your Caring Realtor®"
Foreclosures in Milford Michigan
And Surrounding Areas
Buying &/or Selling
Foreclosures in Milford MI and surrounding areas
Short Sales in Milford MI and surrounding areas
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Homeowners – Know your options!
Distressed Property Expert, Wendy Valko of REMAX insists that foreclosure is not the answer to the Real Estate crisis looming throughout our State of Michigan.
Foreclosure, should be viewed as a last resort and only after everything else has been explored. Many Michigan Families are fearful of their situations and do not realize that there are positive steps that can be taken to avoid foreclosure.
Options for Homeowners:
Fannie Mae's Newest Website for guideance Click here
Programs Designed to Assist in "Avoiding Foreclosure"
HARP - Assist those that want to refinance but can not because their home will not aprraise at the needed value. Click here to read more on HAMP & HARP HAFA - Home Alternative to Foreclosure Assistance, Compliments HAMP Excluedes all Fannie Mae and Freddie Mac Loans April 5, 2010 and will end on Monday, December 31, 2012 and Homeowner Must qualify and follow guidelines. Lender will give a full release and reconveyance of the loan and no deficiency judgment will be instituted. In addition, homeowner may be granted monies at closing to used towards their moving expenses. Click here to read more about HAFA
A short sale occurs when a property is sold by the homeowner and the mortgage lender agrees to accept a discounted payoff.
This means that the lender will agree to release the mortgage on the property, for a final payment amount which is less that the actual balance that is owed by the homeowner
Why do banks accept Short Sales?
Most banks do not want to own, nor incur the liability in owning and maintaining properties all over the country.
A foreclosure is a great expense of time, lost interest and actual money to a bank
With each foreclosure said to of cost the bank in excess of $58,000.00 and that’s only the beginning
As we have all learned from the bailout fiasco, banks run into trouble with federal auditors and stockholders when they have too many non-performing assets (defaulted loans on their books)
Are you a good candidate for a Short Sale?
Are you enduring a financial or severe medical hardship that makes it impossible for you to pay the mortgage payments that you have agreed to and will have the inability to make the agreed payments continue for the foreseeable future?
Click The Button for Short Sale Help
Wendy Valko, Certified as a Distressed Property Expert (CDPE) along with Certified Short Sale & Foreclosure Resource (SFR) views these designations as both a responsilitity and obligation to her profession and commitment to help financially distressed homeowners. Her focus with homeowners facing foreclosure is to give the hope of a dignified solution to their financial crises showing homeowners their options through current lender loan modification, loan refinancing (short or long-term) or a short sale (a lender-approved sale at less than the outstanding loan balance).
Over 85% of the clients served by CDPE real estate professionals avoid foreclosure. Alex Charfen, founder of the Distressed Property Institute, believes that homeowners surrounded by a strong CDPE real estate agent team including legal and financial referrals have the greatest chance of avoiding foreclosure and at minimal financial investment to the homeowner.
Wendy’s commitment to help save homeowners from foreclosure occurred after participating in several short sales and bank owned transactions. Witnessing the helplessness, sense of being alone and guilt felt by homeowners facing foreclosure compelled Wendy to act as a homeowner advocate, lending a helping hand of expertise and compassion. With life experience, commitment to education, strong marketing systems development and checklists, combined with her knowledge of the pre-foreclosure process, she has given her clients an advantage in the current epidemic of foreclosures.
Not having a clear understanding of the elements and consequences of foreclosure lead many homeowners to just give up. Wendy may not be able to save every house, but can offer a helping hand to every financially distressed homeowner.
The HAFA Short Sale: - Homeowners
Homeowners considering a Short Sale (pre-foreclosure) must meet certain criteria, Wendy Valko, will take the time needed to fully discuss the options & process for your particular situation.
Buyer's looking to purchase either a Short Sale or a Foreclosure must understand that the process to which the transaction flows has many variables.
Purchases of Short Sales that are under the HAFA Plan are pre-qualified and streamlined, therefore giving a much faster response time to the offer.
Whether it be a Foreclosure or Short Sale we will be dealing with a corporation. Depending what corporation is involved, determines the specific steps and sequence required to obtain our goal.
Wendy Valko is a licensed Real Estate Agent that has elected to partner with RE/MAX International and RE/MAX Platinum. RE/MAX Platinum consists of four physical branches; Fenton mi, Hartland mi, Brighton mi, & Ann Arbor mi. Along with full access to each physical location, Wendy has a home based office in MilfordMI, virtual office and mobile. All this allowing Wendy to professionally specialize in but not limit herself to Milford mi, Highland mi, Commerce Twp mi, Hartland mi, Brighton mi and Howell Michigan.
Cell (248) 762-5290
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Equal Housing Opportunity