Get Will Power and Get Packing!!

GREAT NEWS FOR LIVINGSTON SELLERS

Tue, 26 Jul 2011 11:20:25 GMT

Good News-Talking Points

There may never be a better time in your life to make that move you have putting off for years

Finally some positive news in our local market.

2011 1^st half results for Livingston County show significant changes from previous years.

While interest rates remain historically low buyers are having a difficult time finding a home as available listings are (10.9%) behind 2010 levels.

Due to those low inventories home values have surged up 4.4% over 2010.

The Will Power Groups volume improvement is 23% ahead of the market year to date

The analysis is if your thinking of making a move the timing could never be better for you and your family. Click here to begin your adventure, or call to arrange a no cost evaluation of your home.

Oh by the way- I’m never too busy for any referrals of your friends or relatives.

Always committed to your success. Call today for a free market analysis 810 844 2201

You don't have to face foreclosure alone. Call Will Steinmetz today! 810 844 2201

Short Sales and Full Bids

Mon, 08 Nov 2010 12:22:02 GMT

Short Sale and Full Bids: As the landscape surrounding short sales and foreclosures continues to change, REALTORS® must understand how the law applies to these new circumstances. For example, it would appear that more and more lenders are conditioning short sale approval on the seller’s agreement to pay all or a portion of the shortfall. Further, it would appear that more lenders are now bidding less than the full amount owed at foreclosure sales. REALTORS® representing sellers in short sales occurring after a foreclosure sale must be aware of the “full bid credit rule.” This “full bid credit rule” has been discussed before in this column and in a number of white papers, and is fairly straightforward. The “full bid credit rule” is perhaps easiest to explain through an example. Assume that a seller owes $200,000 on his mortgage. A foreclosure sale is held and the seller’s lender bids $200,000. This is commonly referred to as the lender “bidding its debt.” At the foreclosure sale, the lender is not required to write a check for $200,000, as it would simply be writing a check to itself. In these situations, Michigan law is quite clear. When a lender bids its debt at a foreclosure sale, the seller no longer owes the lender any money. In our example, when the lender bid $200,000, i.e., the amount owed it; the seller was discharged from any further debt to the lender. The possible application of the “full bid credit rule” in a short sale occurring after a foreclosure sale becomes apparent as we expand upon our example. Assume that two months after the foreclosure sale at which the lender bid $200,000, the listing REALTOR® brings in an offer for $175,000, which the seller accepts subject to his lender’s approval and further subject to the seller’s approval of the lender’s conditions. The lender approves the short sale conditioned on the seller’s agreement to execute a promissory note at closing for $25,000, i.e., the difference between the original amount owed and the sale price. Is there any legal requirement or reason why the seller should execute a $25,000 promissory note to his lender? The answer is “no.” Because of the “full bid credit rule,” the seller has no legal obligation to pay his lender any additional money. Presumably, the seller will not want to incur any new indebtedness by agreeing to sign a promissory note at the closing on the short sale. As this example illustrates, it is extremely important that a seller understand his financial obligations to his lender when considering a short sale after a foreclosure sale. All the listing REALTOR® and seller need do is compare the amount stated in the sheriff’s deed with the amount owed as stated in the notice of foreclosure. If those amounts are the same, then the “full bid credit rule” will apply. In other words, in our example, if the sheriff’s deed shows an amount bid of $200,000 and the notice of foreclosure shows the amount claimed owed by the lender was $200,000, the “full bid credit rule” would apply. If the lender does not bid the entire debt amount, the amount of the deficiency is determined by comparing the amount set forth in the sheriff’s deed against the amount claimed owed by the lender in the notice of foreclosure. If, for example, the amount in the notice of foreclosure is $200,000 and the sheriff’s deed indicates that the lender bid $185,000 at the foreclosure sale, the potential deficiency the lender may seek against the seller is $15,000. The amount the lender subsequently sells the home for will not affect the deficiency amount. In other words, in our example, if a short sale did not occur during the redemption period, the lender took possession of the home at the end of the redemption period and thereafter sold it for $100,000; the deficiency owed by the seller would still be the same, i.e., $15,000. Again, it must be remembered that in Michigan, the amount bid by the lender is treated the same as if the lender had received a check for that amount from a third party at the time of the foreclosure sale.

If a short sale occurs prior to a foreclosure sale, then unless the lender agrees otherwise, the lender may pursue the seller for the shortfall. The only way for sellers to leave a closing from a short sale knowing that they will not be pursued by the lender for any shortfall is to have a written statement in their hand from the lender indicating that the sellers are released from any further liability or that the lender will cease all collection activities upon closing. If the lender will not provide a written release or an instruction letter indicating that collection activities will cease, sellers should assume that the lender or someone else will be knocking on their door in the future seeking to collect the difference between the amount the lender received at closing and the amount that was owed to the lender at the time of the closing. If the short sale is occurring after foreclosure sale and the lender has bid its debt, i.e., all of the amount owe it, completing the short sale will not revive any debt owed to the lender. In other words, in our example, if the lender bid $200,000 on $200,000 debt and the short sale occurred for $175,000, but the seller did not sign a new promissory note agreeing to pay $25,000, there would be no deficiency against the seller as the lender was paid in full at the foreclosure sale. If, for example, the debt owed was $200,000 and $185,000 was bid at the foreclosure sale, a subsequent short sale for $150,000 would NOT increase the potential deficiency owed to the lender. That is, unless the seller signed something to the contrary, the deficiency would be $15,000, not $50,000. Many out-of-state lenders and their lawyers do not understand the “full bid credit rule” in Michigan or the limitation on deficiencies to the amount actually bid by the lender at the foreclosure sale. REALTORS® should rest assured that there is a line of cases in Michigan which leave no doubt of any kind as to either the existence or the application of the “full bid credit rule” in Michigan. MAR

Gregory L. McClelland, Esq. Mar Legal Counsel.

You don't have to face foreclosure alone. Call Will Steinmetz today! 810 844 2201

Why you need a CDPE RE/MAX Agent

Fri, 29 Oct 2010 10:31:51 GMT

Right now the last thing you need is to find out you selected the wrong agent. When selecting an agent to do a short sale some key factors include:

1. Are the a CDPE?

2. Do they have the SFR?

3. How Many Short Sales have they successful negotiated year to date?

4. What is there average turn around time?

Your RE/MAX Agent can answer all your questions and put your fears at ease. Watch this youtube link youtu.be/Pai0U7lfz40.

Then Give Will Steinmetz of RE/MAX Platinum a call 810 844 2201

What in the world is HAFA?

Tue, 18 May 2010 13:18:03 GMT

Here is a short video on the new HAFA program. Finally something published that can guide you through the complexities of a difficult transaction. For further information and to see if you qualify for a short sale please contact me. I look forward to talking with you soon, my team and I have the education and training to help through the maze of confusion. We can help.

Options and Solutions

Thank you for visiting this site and taking the first step toward finding answers. I appreciate what it has taken for you to come here, and commend your efforts to get the facts about your situation. The current real estate environment can be frustrating, with misinformation and conflicting plans for how to proceed.

As a real estate agent, what I often see in troubled homeowners is a belief that they are alone with their challenges. Regrettably, over 70% of homeowners in foreclosure proceed without ANY visible assistance. This is not acceptable for the communities I serve.

That's why I've developed this site: to ensure you get the valuable resources that can reduce your financial strain and change your life for the better. As a CDPE I know the options for homeowners in foreclosure or delinquent on their mortgages, and I can send you a report detailing this information, prepared just for you.

Simply enter your information below and click "Send." I hope that you will review this information carefully, so that your next steps are the right steps toward a real solution.

Let me help you evaluate your options and get back on track to a solid, stable future.

Mortgage Crisis Easier

Solving Your Mortgage Crisis Just Got Easier

If you are having trouble making your mortgage payments, the strain of figuring out what to do can be overwhelming.

Why do it alone when you can have a dedicated, extensively trained professional on your side at no cost to you?

Both lenders and the federal government are putting new systems in place to help you avoid foreclosure. For access to free, detailed information explaining these programs, simply download the report below.

On this website, you can find information regarding all of your options. When you call me to find out what you can do to take advantage of these options, I will show you how having straightforward solutions to your mortgage challenge can help you to breathe a little easier.

For more specific information and to see if you qualify, please, call me today! The sooner you call the sooner you can breathe a sigh of relief!

Government Program Surveys

Are You Eligible?

The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.

That’s why I’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill out the corresponding survey to see if you are eligible.

Find out now if you are eligible!

The good news is that programs exist for a variety of situations, and even more options are available beyond those programs. As a CDPE-designated agent, I can provide all of your possibilities and help you get moving toward a solution.

Short Sales vs Foreclosures

Short Sale vs. Foreclosure

Making the Right Choice for a Stable Future

The US housing crisis has claimed millions of victims. Unfortunately, many homeowners are losing their homes to the bank because either they think that a short sale will have the same financial effect as a foreclosure or they don't know their options.

The good news is that homeowners don't have to navigate this process on their own. I am available for those who need my expertise to get back on the path to stability.

If you, or someone you know has questions about this information, or would like to get started creating a plan, call me today.

The more proactive we are, the better the chance of finding financial freedom and stability.

At the End of Your Rope?

Free report details 10 ways to alleviate the stress of an unaffordable mortgage payment.

Millions of homeowners across the nation are experiencing difficulties paying their mortgages. If you or someone you care about is feeling the stress of an unaffordable mortgage, please take the time to review the report found on this website.

As a Certified Distressed Property Expert (CDPE), I've been extensively trained to counsel and guide homeowners through their options. There are dignified solutions available to help people get back on path to financial stability. My clients have found strength in the knowledge that they are able to take an active role in avoiding foreclosure.

They know that avoiding foreclosure is key in providing for a brighter future. Foreclosure can wreak havoc on credit and affect current and future employment status in addition to many other long-lasting side effects. In the report, I demonstrate just how harmful foreclosure is in comparison to an extremely effective alternative called a short sale.

I can help you or someone you care about create a strategy for living a life without the burden of missed payments. Call me today, and let's work together to put you back on the path of financial stability.

A Dignified Solution

You Deserve a Dignified Solution

The economy today has been especially hard on homeowners. I meet people every day who thought they made a responsible decision on their mortgage loan, only to be hit with the unexpected.

The first and best move to make in this position is to educate yourself on what your options are based on your financial situation. Avoiding foreclosure is always something worth pursuing if you can, and there really are dignified alternatives available.

To get my free report on all the options and benefits of avoiding foreclosure, fill out the form below and click "Send". If you need immediate assistance, please contact me right away.

I'm here to help.

Tipping the Scales Toward Foreclosure?

Fear of foreclosure is a national epidemic.

Millions of homeowners fell behind on their mortgage payments last year, and then proceeded to fall further behind every month.

These are tough times and there are no easy answers.

The fact is, major lenders, the federal government, and local agencies across the country have stepped up their efforts to stem the tide of foreclosures. More help is available than ever before.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am knowledgeable and adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

Looking to learn more? Check out my free report: "Tipping the Scales Toward Foreclosure? Resolve to Shed the Weight of an Unmanageable Mortgage in 2012."

And if you, or someone you care about is looking to tip the scales back into financial solvency, contact me today for a confidential consultation!

The Truth About Mortgage Modifications

The decisions you make as a homeowner today hold a profound impact on your financial future. However, it is important to safeguard yourself from misinformation and fraud. Get the facts regarding your situation and always have a contingency plan.

For those who qualify, a mortgage modification is the ideal remedy to their financial distress. I’ve prepared a FREE report on the truth about mortgage modifications to guide you through this important process. Simply provide your information below to get this valuable information, and feel free to pass it along to anyone who may need it. One homeowner lost to foreclosure is one too many!

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Together, we can formulate a plan to get back on track.

If you have any unanswered questions, or your circumstances are urgent, please call me today.

WILLIAM STEINMETZ
810-844-2201

Short Sale & Deed-In-Lieu

Contrary to what you may have heard, lenders actually want to avoid foreclosure wherever possible. That’s why they’re accepting more short sale and deed-in-lieu transactions everyday in an effort to eliminate unnecessary foreclosures. This is great news for homeowners facing financial distress.

To help you understand more about these two options, I’ve prepared a free report just for you, called ‘Short Sale & Deed-in-Lieu: Dignified Solutions.’ To receive your free report, please provide your information in the fields below.

I hope you’ll review these options carefully and pass this information along to those who may need it. I commend your efforts to finding a solution to the difficult financial situation that you or someone you know is currently facing. Providing the best advice and information in your time of need is my priority.

Let me help you evaluate your options and get you back on track to a secure financial future.

Foreclosure Vs. Short Sale

As a Certified Distressed Property Expert, I have devoted my career to helping homeowners who face difficult situations, taking them from uncertainty to resolution. Lately I've found a lot of conflicting information going around, especially concerning short sales, which you should know about.

A short sale occurs when a lender accepts the selling price of a home, even if it is less than the full amount owed on the mortgage. For particular homeowners, this can be the best option to foreclosure. Yet, I still hear people suggest that short sales are basically the same as foreclosure.

This is absolutely wrong!

You need to have the CORRECT information. That’s why I'm glad you're here. To help, I’ve prepared a free report—just for you—that compares the realities of foreclosures and short sales side-by-side. Simply provide your information below, and I'll send you this report.

If you have any additional concerns about this issue, or your circumstances are urgent, please feel free to give me a call. I can help you evaluate your options and get you back on track to a secure financial future.

WILLIAM STEINMETZ 810-844-2201

7 Short Sale Myths

There are millions of homeowners just like you who are looking for answers and don’t know what to do. You’re not alone and you’re in the right place.

As a Certified Distressed Property Expert, I have training and experience in providing solutions to homeowners facing financial hardship. Despite my best efforts, there’s still an overwhelming amount of misinformation about the options available, especially short sales.

To give you a better idea of the short sale option, and to set straight some of the myths you may have heard, I’ve prepared a free report just for you - please fill out the information below to receive your free report. This report will clarify the following myths:

The Bank Would Rather Foreclose Than Bother With A Short Sale
You Must Be Behind On Your Mortgage To Negotiate A Short Sale
There Is Not Enough Time To Negotiate A Short Sale Before My Foreclosure
Listing My Home As A Short Sale Is An Embarrassment
Short Sales Are Impossible And Never Get Approved
Banks Are Waiting On A Bailout And Not Accepting Short Sales
Buyers Are Not Interested In Short Sale Properties

These ideas are potentially harmful to homeowners seeking real solutions. I hope you’ll review this information for yourself or share it with a homeowner in need.

In these times, we all need to know the truth to know how to get back on track.

If you have any additional concerns about this issue, or your circumstances are urgent, please give me a call.

WILLIAM STEINMETZ
810-844-2201

Change the Course!

You Can Change the Course!

If you feel like shifting economic winds have not been in your favor lately, you are in good company. More than 6 million homeowners nationwide are in some stage of foreclosure.

If this is the case with you or someone you care about, you are all too aware of the stress and uncertainty that accompanies notices of default, unwanted phone calls and offers of help that turn out to be no help at all.

The fact is, the last thing your bank wants is to foreclose on your home. Banks are willing to negotiate, and you need someone on your side who is adept at negotiating with banks.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am tapped into the best solutions for helping financially distressed homeowners to make a fresh start. If you'd like to learn more, I invite you to access my free report: "Change the Course! And Navigate Away from an Unmanageable Mortgage."

Contact me today and let's get started!

Missing Mortgage Payments? It's Never Too Late!

Missing Mortgage Payments?

It's Not Too Late!

According to Lender Processing Services (LPS), over 6.32 million homeowner missed their mortgage payments in April 2011. Another four million have missed more than three months of payments and are now considered seriously delinquent. If you or someone you care about is having difficulty making mortgage payments, you should know it's not too late to get help.

I created this website so homeowners could gather as much information as possible about a homeowner's options and what steps should be taken next. The free reports available on this site are phenomenal resources for you to learn more about how I can help overwhelmed homeowners overcome this temporary challenge in life.

Caution: Protect Yourself Against Mortgage Relief Scams

The Federal Trade Commission (FTC) has issued regulations protecting consumers against mortgage relief fraud. Due to the growing number of scams that are designed to take advantage of homeowners in distress, the government wants to make sure you won’t be a victim.

As a CDPE, I am fully compliant with the FTC regulations, and want to help you avoid being taken advantage of by unscrupulous individuals or companies, as well.

In fact, I’ve developed a free, detailed report that explains the warning signs of potentially fraudulent activity so you can protect yourself and the ones you love.

If you are facing an unaffordable mortgage and need help from someone you can trust, please contact me today.

I’m here to help.

Understanding HAFA

New Help Has Arrived!

The rising number of foreclosures in this country is simply too big to ignore. That is why a government-backed program has been released that aims at streamlining foreclosure avoidance options.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier, quicker and more accessible through the Home Affordable Foreclosure Alternatives Program, or HAFA.

With one in six homeowners struggling to make mortgage payments, you are not alone, and there are options available. With the free report provided here, find out if you qualify for the HAFA Program. Simply fill out your information below to get started on your new chapter of financial stability.

Please read this report to learn the facts, and contact me to begin your journey to a solid, stable tomorrow.

Feeling Trapped by Your Mortgage?

Feeling trapped by your mortgage?

Education is the Key

If you or someone you know feels like a prisoner to unaffordable mortgage payments, you should know that education may be the key to financial freedom. You have options available that can help ease the worry of making payments or losing your home to foreclosure.

To find out more about the options you have to choose from, download the free report I've created at the bottom of this page.

In fact, this entire website has been created exclusively for homeowners like you who need a trusted source for viable solutions to foreclosure.

If you have questions about the information you find here, or would like to get started in creating a plan, call me today.

The more proactive we are, the better chance you'll have in finding financial freedom and stability.

Avoiding Mortgage Modification Fraud

I Am An Agent Against Mortgage Fraud!

The last thing struggling homeowners need is to be victimized by fraud. Sadly, some people are preying on those who need help the most. Today, the real estate industry is the newest, biggest target for predatory schemes. In fact, the U.S. Attorney General, Eric Holder, stated that mortgage fraud cases are 400 percent higher than they were five years ago.

With nearly 1 in 6 homeowners unable to pay their mortgages, understand that you are not alone. Knowing your legitimate foreclosure-avoidance options is the best way to fight this terrible trend.

The report on this site will tell you how to avoid mortgage fraud schemes, as well as what solutions are available to you. Enter your information below and get the facts now!

Are You Living Under the Cloud of an Unmanageable Mortgage

An Unmanageable Mortgage Clouds Everything

When families are tapped out financially and faced with the uncertainty of not knowing how much longer they'll be able to stay in their home, the prospect of planning or having a positive outlook on the future seems out of the question.

Many financially strapped homeowners feel frozen in action and it's no wonder, but here's the most important point that you need to know:

Even though millions of homes have been lost to foreclosure, you and those you care about absolutely do not need to add to that statistic.

More help is available now than ever before.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am adept at navigating among the full range of solutions for helping financially distressed homeowners to make a fresh start.

If you, or someone you care about is looking to get out from under the cloud of unmanageable mortgage contact me today for a confidential consultation!

The Robo-Signing Settlement

The Robo-Signing Settlement: How it can help you stay in your home!

The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. The settlement raises lots of questions, but for homeowners who are in danger of losing their home there is only one:

Can this settlement help me stay in my home?

The answer: Possibly! But regardless of whether you meet the specific eligibility requirements of the settlement, it is important to remember one thing:

THERE ARE OPTIONS!

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I have information about what this settlement means for distressed homeowners.

If you or someone you care about is in danger of losing their home and think they have no options, contact me today for a confidential consultation.

On the Edge of Losing Your Home?

When you or someone you know is pushed to the edge of foreclosure, it is vital to know that you have options.

It is my duty as a real estate professional to reach out to distressed homeowners. As a CDPE designated agent, I have received extensive training to help homeowners avoid foreclosure.

I created this site to provide a lifeline of information regarding alternatives. From short sales to loan modifications, I can provide information to help.

For a free report on foreclosure alternatives, fill out the form below and click "Send." Take action today and avoid falling into foreclosure. I'm only a phone call or email away.

Cash for Short Sales

Short Sales are More Valuable Than Ever!

Avoiding foreclosure is always a smart move, but now there are incentives that make it an even better one.

Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier and quicker through the Home Affordable Foreclosure Alternatives Program, or HAFA, which also gives the homeowner $3,000 for participating.

With the free report provided here, you can learn all the benefits of completing a HAFA short sale. Simply fill out your information below for details on the program and how you would benefit.

Please read this report to learn the facts, and contact me to start exploring solutions.