RECENT BLOG POSTS
I've been asked a by a few clients in the Northville / Novi real estate market, the meaning of "strategic default". Simply put strategic default is when a homeowner decides that even though they can afford the home ther are currently living in, they are so far upside down on the mortgage that the...
A couple things regarding short sales that I'm not completely sure of. I've had a couple agents tell me they are charging $1500-3000 as an "application fee" to start a short sale (no real guarantees that it will close). Are we allowed to do so? If you've done this, do you have them write a check ...
In most cases, agents don't do much. To realistically answer that question, you need to really get specific about who you're referring to when you say "agent". Let's start by pointing out that the data tells us that real estate agents can be lumped into three categories. 1- The first type of agen...