Short Sale Superstars

Providing you with the knowledge and tools needed to succeed with Short Sales.

Missy Caulk
  • Female
  • Ann Arbor and Saline Michigan
  • United States
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Latest Activity

March 10
It depends on the amount the seller makes. If they have a good job or other assets, if not the banks usually do a 1099 but if they have money, they can not send the 1099 and come after for the deficiency. I always have them consult a CPA or who does…
February 20
February 20
January 25
Assisting with SunTrust Short sales
January 18
In Minnesota we have similar statutes including a six month redemption on most properties. I am surprised that a tenant's association would in essense suggest that a tenant violate their lease agreement. The landlord does not "technically" own the p…
December 21, 2009
Missy Caulk added 2 blog posts
December 18, 2009
W00T
December 11, 2009
Same thing happened with me my negotiator told me all chase ie jpmorgan would do is 4%.
December 11, 2009
December 11, 2009
Bryant they said NO, flat out NO. The redemption period ends on the 11th, so they will not look at the other offer. They won't give me the listing. So it is all over. I would post the emails but they are depressing.
December 8, 2009
Does anyone have a good number for someone at Chase ? ' We need to verify a loan was paid off? Are caught in the loop? Here is from out title company: Ok...so the saga continues.... Debbie at IndyMac did call me and told me that they service rel…
December 8, 2009
OK cool. I'd be interested in what you find out.
December 7, 2009
Well that is a good question and one I am trying to figure out. One buyer walked and I have been trying to get a new offer. Redemption period is up on Dec 11th. I have it as "Approved Short Sale" in MLS, with the BPO price. So I will know soon, how…
December 6, 2009
Missy, Once the redemption period is started does the lender have to take over title after 6 months or can they choose not to?
December 6, 2009
Missy Caulk added a blog post
Michigan Foreclosure Law is somewhat different than other states I have been reading about on Short Sale Superstars. I'll make it easy by going step by step: 1) Home owners misses 3 mortgage payments. 2) 15 days before it goes in the newspaper, a…
December 6, 2009

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Missy Caulk's Blog

Missy Caulk

Ann Arbor Foreclosures Lower than the National Rate, but Delinquency Rates Increase

Ann Arbor Foreclosures Lower than the National Rate, but Delinquency Rates Increase.

Many sellers ask me should we sell now or wait until the market comes back? I answer by telling them two things.

* Why are they selling?
* How do any of us know when the market is coming back?

According to recent data from First American CoreLogic on foreclosures for thContinue

Posted on December 18, 2009 at 10:32am —

Missy Caulk

What to do in Michigan if Your Landlord Goes into Foreclosure?

What should you do if you live in Michigan and are in a lease with a landlord who goes into foreclosure?
The Scenario

In good faith you have signed a lease. One day you come home from work or classes and see a notice of foreclosure on the door.

First, don't panic. According to Michigan law the mortgage company must post this on your door at least 15 days before advertising in the papers a notice of foreclosure.

After the 6 weeks of being posted publicly, the home must go to a sheriffs… Continue

Posted on December 18, 2009 at 10:25am — 1 Comment

Missy Caulk

Michigan Foreclosure Law, 6 Month Redemption Period

Michigan Foreclosure Law is somewhat different than other states I have been reading about on Short Sale Superstars.

I'll make it easy by going step by step:

1) Home owners misses 3 mortgage payments.

2) 15 days before it goes in the newspaper, a notice of foreclosure is placed on the door.

3) It then must appear in the p… Continue

Posted on December 6, 2009 at 5:43pm — 4 Comments

Comment Wall (3 comments)

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At 2:54pm on March 10, 2010, Gillian Jones said…
Can I have your EMC negotiator? I have a terrific offer for a short sale and want to do everything right. Thaks so much!
At 9:42pm on January 25, 2010, Tom Braatz said…
Thank you for adding me as a friend to get the ball rolling. I appreciate everything you do.
At 1:11pm on October 21, 2009, Loreena Yeo said…
I'm going to be a Short Sale Super star just like you!
 
 

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Discussion Forum

Angela Fox

Authorization from the Seller 1 Reply

Started by Angela Fox. Last reply by James Cook Feb 26.

 

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