Sheriff’s Deeds in Washtenaw County is Down

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The number of recorded Sheriff’s Deed is slowing down.  Only 36 Sheriff’s Deeds were recorded in March.  This was the lowest number of recorded Sheriff’s deeds scored since the 30 recorded back in July of 2006 representing a significant downward trend.  Comparing last March 2012 to March 2013 the recordings have dropped 28% and compared to last month they have dropped 23.4%.

Find Foreclosure deals

Buyers have been purchasing homes quickly as inventory is reported “low”.  Buyers want to take advantage of low interest rates being offered by banks and mortgage lenders.

Sellers, this is an excellent time to place your home on the market.  Have you been thinking about selling your home?  Call the Listing Experts at Kathy Toth and Team to get expert advice about pricing your home in this Spring market.

An updated table showing monthly recording for January 2002 through March, 2013 is presented below.  This press release was prepared according to Lawrence Kestenbaum, Washtenaw County’s Clerk and Register of Deeds.

March 2013 Sheriff Recordings

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Should Ann Arbor Area home owners do “Strategic Default” ?

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3 Reasons the Term “Strategic Default” Is Misleading

In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth).

Now that more than one in four American homeowners is “underwater,” I feel that it’s important for the community to know the truth about strategic default.

The truth is the foreclosure process carries with it credit issues, current and future employment challenges, issues with security clearance and possible debt collections.

That’s why it is vital to explain the 3 reasons why the term “strategic default” is misleading:

  1. There’s nothing strategic about defaulting on purpose, especially when you have options like short sales, mortgage modifications, and refinance (just to name a few) that may keep you from foreclosure.
  2. The waiting periods to apply for a new mortgage loan are at least five years less in a short sale vs. a foreclosure.
  3. A foreclosure will show up on your credit report every time you apply for a home loan, car loan, new job, etc., and will affect your financial situation for many years to come.

Luckily, we are experiencing less foreclosures in Washtenaw County in 2012.  There are 177 homes in our Ann Arbor Area Board that are foreclousres and or short sales today.

If you are under water and can no longer afford your mortgage payments, you need to create a genuine strategy to avoid foreclosure, helping to provide stability for you and our community.  You may be eligible for a Short Sale.

If you have any questions about what steps you or someone you care about should take next, contact us today! 734-426-6669

Kathy Toth, CDPE

Kathy Toth and Team of Keller Williams Realty Urges Delinquent Borrowers to Seek Alternatives to Foreclosure!

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FOR IMMEDIATE RELEASE:
CONTACT:
Contact Person: Kathy Toth
Company Name: Kathy Toth & Team of Keller Williams Realty
Voice Phone Number: 734-426-6669
Email Address: [email protected]
Website URL: www.KathyToth.com

Kathy Toth and Team of Keller Williams Realty Urges Delinquent Borrowers to Seek Alternatives to Foreclosure

For the 6.3 million homeowners in the United States who are burdened by the stress of being behind on their mortgage payments, the holidays represent a particularly stressful time, observed Toth of Keller Williams Ann Arbor Market Center.

Noting that the fear of foreclosure tends to cause many homeowners to go into denial or become frozen into inaction, Toth has launched a campaign at the outset of the holiday season to remind homeowners that they are not alone.  A Certified Distressed Property Expert (CDPE), Kathy Toth is tapped into foreclosure avoidance alternatives, is adept in negotiating with major banks. In addition Toth is on top of the full range of schemes that scam artists have come up with to take advantage of homeowners who are in search of solutions to an impending foreclosure.

“For financially strapped homeowners, the gift of a fresh start could be the greatest gift that they could offer their family in the New Year,” Toth said.

“Contrary to popular belief,” Toth said, “banks truly do not want to foreclose on your home and add another property to their balance sheets.” And even though more and better foreclosure options are available now than ever before, the distressed properties landscape is complicated and full of pitfalls. The most important step that a homeowner can take toward finding a solution is aligning themselves with trained professional who have the expertise and the commitment to help, like her distressed home owner division.

For a copy of the free report, “Mortgage Payments Weighing You Down,” that Toth has prepared to provide distressed property owners with an overview of their options and what they need to watch out for, go to www.AnnArborShortSale.com.

For more information about the CDPE Designation, visit www.CDPE.com.
Kathy Toth of Keller Williams has been serving the Ann Arbor Area real estate market since 1989 and works with a team of professionals, ranked among the top one percent of REALTORS nationally. To experience their website and to learn more about the team, please visit www.KathyToth.com, email [email protected], or stop into their office at 3134 Baker Road, Dexter, Michigan.

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Monthly Sheriff Deeds for Washtenaw County Down

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According to Lawrence Kestenbaum, Washtenaw County’s Clerk and Register of Deeds, 101 Sheriff’s Deeds were recorded by Washtenaw County’s Register of Deeds office this August.

“In 2011 to date we have recorded a total of 791 Sheriff Deeds, compared to 818 and 984 in 2009 and 2010, respectively.  This year’s total to date is the lowest we’ve recorded since 2007.

So far this year our count of recorded foreclosures is 80.4 percent of our count for the same months of 2010.”

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

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!

Ann Arbor Bank Owned Home Coming on the Market

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1645 S Maple Ann Arbor, MI 48103; Ann Arbor Bank Owned Home

Are you looking for an Ann Arbor real estate deal?  This home on 1645 S Maple is being prepped to come on the market soon.  It was most recently listed in the multiple lsiting system for $395,000 4 bedroom 3 bath home with custom amenities built in 2008.  Call us for sneak preview for this home with finished walk out basement. 734-274-9544 

We are certified distressed property experts and LOVE Ann Arbor.