Missing Mortgage Payments? You have options in Ann Arbor

Take action now to turn it around in 2012

Recent economic upheaval has taken a hefty toll. Looking forward to 2012, it’s impossible to know what’s next and the kind of an impact that an upturn or a downturn at the national level stands to have on your family’s finances.

Regardless of what happens in Washington or on Wall Street, two things are very clear: you are not alone and now is the time to prepare for a new normal.

With a national epidemic of unemployment or underemployment, and 25 percent of the homeowners in the country owing more on their home than they could net for it in today’s market, homeownership for many has become a financial liability. Not being able to make payments on a home that you can’t afford to sell feels like an awful trap, but the fact is, there are solutions—and foreclosing on your mortgage is not one of them.

Loan modification is an option for many and banks are increasingly willing to negotiate short sales. In many cases, they’re offering sizable financial incentives to help financially strapped homeowners to get a fresh start on their lives.

As  a real estate professional who has achieved the Certified Distressed Property Expert (CDPE) designation, it is our mission to give homeowners the gift of a fresh start.

Contact us TODAY and let’s get started: www.AnnArborShortSale.com.

Washtenaw County November Foreclosure Report Looking Optimistic Heading Into Year End

Washtenaw County’s year-to-date foreclosures are down compared to last year at this same time.  This November news sets a very optimistic tone heading into the final month of December, 2011.

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Press Release

According to Lawrence Kestenbaum, Washtenaw County’s Clerk and Register of Deeds, 82 Sheriff’s Deeds were recorded by Washtenaw County’s Register of Deeds office this November.

“In 2011 to date we have recorded a total of 1,046 Sheriff’s Deeds, compared to 1,072 in 2009 and 1,337 in 2010.  This year’s total to date is 78.2 percent of last year’s total to date, and continues as the lowest annual count we’ve recorded since 2007.”

 An updated table showing monthly recording for 2002 through November, 2011 is presented below.

 Sheriff Deeds Recorded by Month, January 2002 through November 2011

Source:  Washtenaw County Clerk and Register of Deeds

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If you’re looking to start your Ann Arbor foreclosure property search, feel free to contact us!  We can answer any questions you may have on finding and buying the right foreclosure property for your needs!

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 Kathy Toth & Team | www.KathyToth.com| Keller Williams Realty