"Brighton Company Helps Avoid Foreclosure"
On Wednesday, March 19, 2008, Livingston Press and Argus featured an article on The Buckley Jolley Real Estate Team's newest endeavor, Home Solutions. This new company is helping people who are unable to sell their homes in order to avoid foreclosure. To read more about this company see our previous post.
Check out the article on-line here.
Or click here to download in .pdf
Showing posts with label Home Solutions. Show all posts
Showing posts with label Home Solutions. Show all posts
Thursday, March 20, 2008
Buckley Jolley In The News
Monday, March 17, 2008
Buckley Jolley Presents Short Sale Seminar to Local Professionals
The short sale division of The Buckley Jolley Real Estate Team was presented and outlined on Friday March 14th at the Brighton Chamber of Commerce to a group of local business people. The division, Home Solutions, is helping many families sell their homes within the greater Livingston County area who would otherwise go into foreclosure, or be unable to make a move.
A short sale happens when a lender agrees to accept less than a full payoff of its loan balance. The detailed process of a short sale was described to the group that included financial adivising, law, accounting and social services.
A special thank you goes to the Brighton Chamber of Commerce for supporting this educational seminar.
If you know of anyone that would like to receive free consultation regarding their home sale, call us at 810-229-7000.
A short sale happens when a lender agrees to accept less than a full payoff of its loan balance. The detailed process of a short sale was described to the group that included financial adivising, law, accounting and social services.
A special thank you goes to the Brighton Chamber of Commerce for supporting this educational seminar.
If you know of anyone that would like to receive free consultation regarding their home sale, call us at 810-229-7000.
Wednesday, March 12, 2008
The Buckley Jolley Real Estate Team Announces New Division: HOME Solutions
The Buckley Jolley Real Estate Team opens a new division this week to assist sellers who are unable to sell their homes for what they owe. The new division HOME Solutions addresses the growing crisis of sellers who must get out from under their current home payments.
Owner/brokers Todd Buckley and Karen Jolley decided to open the division when they realized they were talking with more and more homeowners in distress. “We were getting calls from sellers who were making less money due to decreased employment hours, lay-offs, or unemployment. Some have been making their house payments with credit cards. They genuinely want to keep their commitment to pay their bills, but the debt soon becomes overwhelming,” said Jolley.
A short sale is an alternative to foreclosure. A short sale is a negotiated settlement when the lender agrees to accept less than the amount owed. The borrower must demonstrate hardship and agree to sell. Usually the borrower is getting behind on payments or is unable to make payments at all. These homes could eventually end up in foreclosure. A short sale avoids the foreclosure process by selling the home before the bank takes it back.
According to Todd Buckley, “Lenders spend $50,000 or more taking a home back in a foreclosure. Since these homes eventually end up vacant and not maintained by the borrower, they can fall into disrepair. A short sale is often a better option for the lender. The homeowner remains in the house until the house is sold, maintaining it and continuing to pay the utilities.”
“The process of selling a short sale home is longer and has much more “red tape” than a traditional sale. We have the systems in place to streamline the process. We can increase the likelihood of an accepted short sale by being involved early in the sellers’ hardship. Ideally we want to talk with them prior to their missing a payment. We want to get the word out that knowledgeable Realtors with short sale experience can help,” said Jolley.
Both Buckley and Jolley agree they would like to see owner occupied homes vs. vacant foreclosed homes in their community. “It is better for all of us to find a solution to this growing crisis of foreclosures in our county,” said Buckley. “We plan on helping as many families as we can this year.”
The Buckley Jolley Real Estate Team began their business in December 2004. The team describes themselves as a boutique brokerage with salaried Realtors instead of the traditional commission-based Realtors. The company has seen a 20% growth in number of sales in each of the last three years.
Owner/brokers Todd Buckley and Karen Jolley decided to open the division when they realized they were talking with more and more homeowners in distress. “We were getting calls from sellers who were making less money due to decreased employment hours, lay-offs, or unemployment. Some have been making their house payments with credit cards. They genuinely want to keep their commitment to pay their bills, but the debt soon becomes overwhelming,” said Jolley.
A short sale is an alternative to foreclosure. A short sale is a negotiated settlement when the lender agrees to accept less than the amount owed. The borrower must demonstrate hardship and agree to sell. Usually the borrower is getting behind on payments or is unable to make payments at all. These homes could eventually end up in foreclosure. A short sale avoids the foreclosure process by selling the home before the bank takes it back.
According to Todd Buckley, “Lenders spend $50,000 or more taking a home back in a foreclosure. Since these homes eventually end up vacant and not maintained by the borrower, they can fall into disrepair. A short sale is often a better option for the lender. The homeowner remains in the house until the house is sold, maintaining it and continuing to pay the utilities.”
“The process of selling a short sale home is longer and has much more “red tape” than a traditional sale. We have the systems in place to streamline the process. We can increase the likelihood of an accepted short sale by being involved early in the sellers’ hardship. Ideally we want to talk with them prior to their missing a payment. We want to get the word out that knowledgeable Realtors with short sale experience can help,” said Jolley.
Both Buckley and Jolley agree they would like to see owner occupied homes vs. vacant foreclosed homes in their community. “It is better for all of us to find a solution to this growing crisis of foreclosures in our county,” said Buckley. “We plan on helping as many families as we can this year.”
The Buckley Jolley Real Estate Team began their business in December 2004. The team describes themselves as a boutique brokerage with salaried Realtors instead of the traditional commission-based Realtors. The company has seen a 20% growth in number of sales in each of the last three years.
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