Hopefully the section above has scared you. It should! You do not want to get to the foreclosure stage.  Losing a house to foreclosure can stay on your credit history for up to 12 years and is actually worse than a bankruptcy.

Before you get to that stage, let us come in and see if we can help. If you have received a delinquency notice from your lender, the time to act is now, before they get too far into the foreclosure process.

The time before the sheriff's sale of the property is the best time to try to still sell the property and get completely out from under the debt. It’s a time when you need al the help you can get. Give us a call and let us get involved on your behalf. We’ll try to work with the lender to set a fair market price for the house that is acceptable to them and likely to get the house sold. It’s called a short sale because the sale price is “short” of the amount owed, so the lender has to agree to take the deal. Many lenders would rather try to get the property sold at that time, rather than go all the way through the foreclosure process.

Real Estate One is one of very few companies in Michigan that has a Foreclosure Department within the company. That department deals with hundreds of lenders on short sales and foreclosures. REO has the relationships and experience to help you work things out with your lender to make a short sale, if the process hasn’t gone too far already. So, call us before the notice of the Sheriff's Sale shows up on your front door and let us see if we can help.