Catherine Larive, L L Home -N- Land Team

"Putting Integrity & Customer Service Back Into Michigan Real Estate!!"
   

Marketing Selling Michigan Properties. Call LL Home -N- Land Team


 

 


Selling property is an involved process, affects your family and your future.  Before you begin the process, you'll want to ensure you have the most up-to-date information.  When should you sell?  How do you get the best price? Will I be able to sell my michigan property in a down market?  What if I owe more than it is worth and I have to sell Now? What is the difference between a "Short Sale, Deed in Lieu and Foreclosure"?  What kind of renovations should be made prior to the sale?  Call Me I can and will help you to get your home SOLD!  248.534-2264 or send me an email catherinelarive@gmail.com

The home selling reports will assist you in answering the many questions that arise during the home selling process.  When you're armed with the right information, and an experienced Michigan real estate professional, Consultant, Trusted Advisor, Master Marketer, Skilled Negotiator.. you'll be closer to reaching your goal of owning Michigan Real Estate, Property.

Contact me if you have any questions about selling your home.  I will treat you with the utmost respect and integrity.  I believe in open honest communication.  I am a Full time Career Professional, Consultant, Trusted Advisor, Master Marketer, Skilled Negotiator.   I am always working for all of my clients to give them the best quality service they expect and deserve.
http://www.google.com/profiles/catherinelarive

 

Below, select desired reports.

Common Selling Mistakes
Learn the top nine selling mistakes, and what steps you can take to avoid them.
Selling Your Home
Remember what first attracted you to your house when you bought it? What excited you about its most appealing features? Now that you're selling your home, you'll need to look at it as if you were buying it all over again.
Surviving the Sale
Getting a good price for your home is important, but minimizing stress and simplifying the selling process can be just as essential.
The Right Selling Price
When you’re selling your home, the price you set is a critical factor in the return you’ll receive. Learn several factors to base the assessment of your home.
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Foreclosure vs Deed in Lieu vs Short Sale


How long before you can purchase another property if you have a Foreclosure, Deed in Lieu, or Short Sale on your credit report?
Foreclosure
A 5-year period is required to re-establish credit, from completion date of the foreclosure action.The following additional requirements apply after 5 years up to 7 years following the foreclosure action:
  

  • Purchase of a principal residence is permitted with at least 10% down payment and Credit score of 680.
  • The purchase of a second home, investment property or cash out refinance on any property is not permitted.

If there were extenuating circumstances that led to the foreclosure, such as loss of job, medical etc.  
 
 A 3 year waiting period is required to re-establish credit, measured from the completion date of the foreclosure action in addition to the other guidelines above.
 
 
Deed in Lieu of Foreclosure
A 4-year period to re-establish credit, from the date the deed-in-lieu was executed. Additional requirements apply after 4 years and up to 7 years following the completion date: 

  • The borrower may purchase a property secured by a principal residence, second home, or investment property with the greater of 10% minimum down payment or the minimum down payment required for the transaction.
  •     
  • Limited cash-out and cash-out refinance transactions secured by a principal residence, second home, or investment property are permitted pursuant to the eligibility requirements in effect at that time.

If there are extenuating circumstances that let to the foreclosue, such as loss of job, or medical. A 2-year waiting period is required to re-establish credit, measured from the completion date of the Deed in Lieu and the guidelines above.

Preforeclosure Sale(Short Sale)

 A two-year period is required to re-establish credit, measured from the completion date of the pre-foreclosure.
 No Exceptions are given for extenuating Circumstances that may have contributed to the Preforeclosure sale.
 
 All guidelines are for Fannie Mae loans which are typically 10-30 year Conventional.  Additional guidelines will apply for FHA/VA. Make sure to double check with your individual lender and an attorney.  This information is subject to change without notice.  

 

 

 

 

 

 

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