How Long Does A Short Sale Take? Macomb Michigan Short Sale Broker and Default Advocate Rick Giese

Dec. 30, 2012 - PRLog -- Rick Giese associate broker with RE/MAX Advisors answers How Long does a Macomb County Michigan Short Sale Take?

Macomb County Michigan Short Sale Specialist and Default Advocate broker Rick Giese bringing you the latest Macomb County Michigan Short Sale Information. Thank you for joining us. Today let's talk about how long a typical Macomb County Michigan Short Sale takes.

Now what is a typical Macomb County Michigan Short Sale? -- is there such a thing or is it an oxymoron like "jumbo Shrimp" or "bankrupt millionaire." While there really is no typical short sale there is a format that many tend to follow. The length of time of course is going to depend on a number of variables such as who the lender is, how long it takes to get the financial package submitted and the length of time it takes to get an accepted offer.

With that said, in a balanced Macomb County Michigan real estate market, it's reasonable to expect to get an accepted offer within the first 30 days of the property being listed.

Now the key to a quick approval is submitting a complete Macomb County Michigan short sale package to the lender. This is where the cooperation of the seller is paramount. The longer the seller takes to supply the information the longer it takes to submit the package. Ideally before we get the offer we have everything from the seller.

Once the complete package is submitted and confirmed recieved we can anticipate 1-2 weeks in review before the liquidation valuation is ordered in the form of either a BPO or full appraisal. The valuation process can take 7 -14 workdays.

With the complete Macomb County Michigan Short Sale package in and complete and the valuation back, if it has not already, the file will be assigned to a negotiator or asset manager. Some banks assign the file before the valuation task, others after.

Once the Macomb County Michigan Short Sale is approved for closing, it will depend largely on the ability of the buyer to perform. Most banks will give one 30 day extension to the approval letter with VA being the exception with zero extensions.

So how long does a "typical" Macomb County Michigan Short Sale take? From start to finish, on average plan for about 4 -- 6 months. Some will be less. Some like FHA and VA can certainly be longer.

Is a Macomb County Michigan Short Sale Right for You?

To get a better idea of when your Macomb County Michigan home will be worth what you owe, log in to www.MIShortorStay.com for a free estimate or call me Rick Giese at 1-800-274-5656 today for a free no obligation consultation or for the latest Macomb County Michigan short sale information. Call me today and sleep better tonight; you'll be glad you did.

If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact Rick Giese, Short Sale Specialist and Default Advocate at 1-800-274-5656 or rick@rickgiese.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.
Visit www.MIForeclosureHelp.com for the lastest information on how avoid foreclosure and loan modification information
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

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Thanks for reading this, Rick Giese.

Rick is a Real Estate Associate Broker at RE/MAX Advisors. Macomb, Oakland and Southern St Clair Counties Short Sales Realtor:

Phone: 1-800-274-5656. rick@rickgiese.com.

Rick Giese specializes in loan modification assistance and short sales in the Macomb , Oakland and southern St Clair County Areas of Michigan. Macomb Loan Modification Help, Macomb Short Sale Help. Oakland Short Sale Help Macomb and Oakland County MI our services are offering sellers another option besides pre-foreclosure foreclosure or bankruptcy that can affect their credit for years. We are currently offering our services in the Richmond, Shelby Township, Macomb Township, Chesterfield Township, New Baltimore, Clinton Township, Sterling Heights, Mount Clemens (Mt Clemens) Fraser, Harrison Township, Warren, Roseville, St Clair Shores areas of Macomb County Michigan Madison Heights, Troy, Clawson, Royal Oak, Rochester, Rochester Hills, Berkley, Birmingham areas of Oakland County