If you are having difficulty making your mortgage payments, rest assured that you are not alone. In these difficult economic times we are working with many people in your situation and, while you may be thinking about and fearing foreclosure, there are other routes you can take. Foreclosure may be avoided, your credit may be saved, and your financial future may be salvaged.
Judical Vs. Non-Judicial
Foreclosures in America usually fall into two categories, judicial or non-judicial. Michigan is a non-judicial state meaning the banks can foreclose on the property without having to go to court. While this sounds ominous, there are many benefits for the homeowner to being in a non-judicial state. The biggest is we already know what the rules are and we know how to use them to effect the best advantages for our clients. We will be writing more about this on these pages and the blog so bookmark and subscribe to keep informed.
What is CDPE?
A Certified Distressed Property Expert (CDPE)is a real estate professional who has undergone extensive training and education to learn the many options for avoiding foreclosure. He or she has studied the complicated issues involved in working with distressed properties and is able to offer guidance on the best options for an individual homeowner. Every member of The Bittinger Team has earned the CDPE designation.
For more detailed information about your options to foreclosure, visit our website www.ShortSalesMichigan.com.