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Michigan Certificate that No Foreclosure Proceedings Have Been Commenced  Individual  Form

Michigan Certificate that No Foreclosure Proceedings Have Been Commenced Individual Form

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we're being joined today by Michigan attorney Eric malder who has helped several people avoid foreclosure on their homes using something called a short sale thanks for being with us thank you so much for having me tday due to the economic crisis many homeowners are unable to make their mortgage payments I understand that there's something called a short sale that can prevent foreclosure on a home can you explain what a short sale is certainly in its simplest terms a short sale is where you're shorting the amount of money that's paid to the mortgage company what's happening in today's economic climate in this state is that houses are worth less than people owe on it so to sell that house or to avoid a foreclosure they need to sell that house for what the market conditions say the house is worth not what's owed on it thus you're shorting the amount that's being paid to the bank so basically a short sale allows the ho

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