Sherry Pyszczynski
Phone:
(248) 288-3500
Mobile:
(248) 217-1680
Fax:
(248) 288-3513

Email


Office:
Royal Oak
423 S Washington Ave
Royal Oak, MI

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What is a Short Sale?

A short sale in real-estate terms, is the sale of a house for less than what the owner still owes on the mortgage. If the lender agrees to a short sale, the rest of the homeowner's debt typically is forgiven. Lenders sometimes agree to the procedure in order to take a small loss and avoid the lengthy and costly foreclosure process.

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How Can I Fix My Credit?

Regardless of your credit history, financial advisors and consumer advocates recommend reviewing your credit report periodically for three important reasons:

  1. The information in your credit report affects whether you can get a loan or insurance — and how much you will have to pay for it.
  2. It’s important to make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major purchase like a house or car, buy insurance, or apply for a job.
  3. It can help you deter, detect and defend against identity theft. That’s when someone uses your personal information — like your name, your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don’t pay the bills, the delinquent account is reported on your credit report. Inaccurate information like that could affect your ability to get credit, insurance, or even a job.


www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm

What is Hafa?

Hafa stands for "Home Affordable Foreclosure Alternative" it was put in place under the Obama administration in November of 2009. The official start of the program is Monday April 5, 2010 ending Monday December 21, 2012. Hafa is a government sponsored program that helps homeowners who are having trouble selling their homes.

How Can Hafa Help Me?

Hafa offers incentives to buyers and sellers, in short sale situations in order to avoid foreclosure. Hafa helps people to quickly sell their homes by giving them pre-approved short sale terms before listing the property.  Along with fully releasing them from furture liability for the first mortgage debt and can recieve $1,500 for borrowers relocation assistance.