- Dear David, I just read your advertisement on craiglist Ann Arbor and am looking to rent a house. Right now I'm working as a project manager for a company in Germany called SIKO GmbH (http://www.siko.de/en/contact/siko-contact-persons/) and will be sent to our subsidiary company in the US (www.sikoproducts.com) in Dexter this year 06/2010. My wife, my one year old daughter and my unborn second child will stay in the US for the next five years. My questions to you: We will be in AnnArbor for visit during 26th March - 5th April to look for some rentals. Maybe you have something suitable in your data base, so that we can arrange a visit during our visit in Michigan. What we are requesting: - house with at least 3br in Ann Arbor - min. 2 full bath rooms - enough living space - garage for min. two cars - nice neighborhood - we have not pets and we are non smokers - earliest and latest entering date - rental time + costs - additional approx. costs (gas, current, any kind of fee) - agency fee - deposit Please forward your reply to maurizio.masullo@siko.de Thanks a lot in advance for your feedback, Maurizio
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- David..we have owned our home for 6 years and we owe $40k more than the home is worth. My husband just lost his job and we need to move to another state to find employment. What should we do? Lindsay
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David..we have owned our home for 6 years and we owe $40k more than the home is worth. My husband just lost his job and we need to move to another state to find employment. What should we do? Lindsay
Lindsay..Thank you for your question. Your situation is similar to a lot of homeowners out there right now. You basically have three options at this point:
1. You can come up with the $40k to bring to the table to close your home.
2. You can walk away from the house...which will destroy your credit and make it nearly impossible to buy a home for another 7 years.
3. Do a short sale.
My advice to you if you don't have the $40k to take care of the deficiency would be to do a short sale. With a short sale we would negotiate with your bank to take an amount less than what is owed on the home. There will be credit consequences but not nearly as bad as a foreclosure. It will also allow you to by another home in as early as two years. With new tax laws making it uneccessary to declare the deficiency as income..it is even more attractive to do a short sale. I would estimate that one out of every two deals I am closing are short sales. If you would like to discuss the short sale option further don't hesitate to call my office at 734-677-6699 or my cell 734-646-1257. I am a short sale expert and can help you get your home sold so you can move on with your life. Good Luck.
Dave
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