Foreclosure, Default, Forbearance, Short Sale, or HUD Homes, We Can Help.
The Dolinski Group helps homeowners going through foreclosure by offering different foreclosure real estate agent services that fit their needs.
DG Foreclosure Real Estate Agent Services
The Dolinski Group offers various foreclosure realtor services depending on the stage of foreclosure you find yourself in. It’s important to understand that different stages of foreclosure require different service options.
Let’s explore two of the most common real estate agent services for sellers and two foreclosure services we offer for buyers looking to buy a foreclosure property.
Forbearance And Default
Before the foreclosure process begins, you will either request forbearance or find yourself receiving a default notice. Forbearance is when your mortgage lender approves missed payments for a set period of time.
At the end of forbearance, you will resume payments and be required to pay interest accrued during that time.
Default on the other hand is when you miss payments and forbearance has not been approved. You will receive a notice of default and have a certain time period to resolve the default — usually 120 days — otherwise the foreclosure process will begin.
During this time, you have an opportunity to sell your house without having to deal with the banks. For example, you can sell the house, pay off the mortgage, and purchase a new home or rent.
There are two items that must be true during this phase:
- Positive Equity: You need to have enough equity in the home to pay off the balance and realtor fees if you list with an agent
- Timeline: You often only have 120 days from default to get your home sold. Most often banks will extend the timeline if you are actively selling the home, but it is not a guarantee.
The Dolinski Group offers two types of foreclosure real estate services for home sellers that are in forbearance or default. We offer our traditional real estate agent services and our cash offer program.
You can read more about these specific services below. Our traditional real estate agent services seek to maximize your home’s sale price. The cash offer program focuses on getting your home sold and closed in less than three weeks.
If equity is an issue, then our traditional real estate agent services are ideal for you. If timeline is the issue, then look into our cash offer program. We buy houses in Lansing and we buy houses in Detroit.
Short Sale Real Estate Agent
A subsection of default and foreclosure is the short sale. This happens when the value of your home is less than the current balance on your mortgage. A situation like this is described as “being underwater”.
So, a short sale is a request to sell your property for less than the balance owed to the lender. This requires authorization from the banks and lenders.
It is important to work with a knowledgeable real estate agent as every bank and lender has different rules and processes for short selling a home.
Finding a qualified and knowledgeable short sale realtor is difficult since very few homes have sold this way since 2012.
At the Dolinski Group, we are knowledgeable about short sales and the foreclosure process. Our marketing plan combined with service will get your home sold.
Real Estate Owned Agent
When a property is unsuccessfully sold during a foreclosure auction, it becomes a real estate owned property. In this case, the bank or lender owns the property and is looking to sell it.
Are you a buyer looking for distressed properties? Perhaps you’re an investor looking for real estate owned properties for sale.
The Dolinski Group has helped several home buyers purchase distressed properties or real estate owned properties.
HUD Homes Realtor
HUD homes are a specific type of real estate owned properties that are owned by the government. Specifically, these homes are owned by the Department of Housing and Urban Development.
Buying one of these homes can be a great deal. However, it is important to work with a knowledgeable HUD homes real estate agent. There are several differences compared to a traditional house purchase.
If you’re not careful, you could overbid on a hud property and end up taking on a project that sinks you from a cash perspective.
In addition, there are strict timelines and procedures that need to be followed in order to close on the property and not lose any of your money. For that reason, you want to make sure you’re working with a qualified realtor.
The Dolinski Group has helped home buyers purchase HUD Homes in Lansing and near Detroit. Given current market conditions, the number of HUD homes is relatively small and represents a small portion of our real estate agent services.
Selling Your Home In Foreclosure
During foreclosure, you have two options for selling your house. Let’s look at the services Dolinski Group offers.
List The House With A Foreclosure Real Estate Agent
The most common method for many homeowners going through foreclosure is to list their home with a real estate agent. Many homeowners, sadly, use the same real estate agent that helped them purchase their home.
This is often a mistake. We encourage homeowners to look for qualified foreclosure realtors. That could be the Dolinski Group or another realtor.
When listing your home with a real estate agent, they will sell your home for a percentage of the home’s sale price. Typically, this amounts to five to seven percent.
So, on a $300,000 sale price, you can expect to pay between $15,000 and $21,0000 in realtor commissions.
The benefit is that your real estate agent will take care of all of the matters — from listing, to photos, to the paperwork. They will negotiate on your behalf and represent you.
With this method, there is no guarantee your home will sell. Plus, consider your equity position. If you do not have enough equity to pay off the mortgage and all of the associated closing costs, then you are going to need to come up with cash to sell the house.
Pro: This is the ideal way to sell your home if you are looking to get maximum value. Plus, you have a real estate agent helping to guide you and hopefully mediate between you and your spouse.
Con: The commission can be hefty, especially if you have no equity in the home. It could set you back financially. Second, as the real estate market slows, your home could sit on the real estate market longer.
Often, you are working on a tight timeline when it comes to selling your home. For that reason, if you’re going through foreclosure, it could make more sense to sell your home for cash.
However, if you wish to list your home the traditional way, the Dolinski Group can help.
Sell Your Home For Cash
You can sell your foreclosure for cash in Lansing MI or sell it for cash in Detroit MI.
One of the best ways to sell a house in foreclosure is to sell it to the Dolinski Group or take advantage of our cash offer program. We buy houses directly. If the house does not fit our investment portfolio, we can share with our network of qualified cash buyers and investors.
Here you do not have to rely on the pre-approval of a buyer and the risk that is often associated with listing your home the traditional way.
There is no middle-man that needs a big commission check, no waiting time, and no hassle. We buy foreclosure houses as-is for cash with fast closings, meaning we don’t require you to make any repairs or renovations.
Our Team
Alex Craig
Alexis Craig
Christina Bahr
Christina represents foreclosure homes in the Lansing area. She has helped clients purchase hud homes for sale and more.
Real Estate Testimonials
Why Hire The Dolinski Group?
- Data-Driven: We use data to accurately value and price a home. For sellers, that means getting maximum value for your home without the costly mistake of overpricing it.
- Training: We have gone above the industry requirements in training by achieving our pricing strategy advisor certification.
- Honesty Approach: We would rather be honest than delusional, just to win you as a client. At times, that meant turning down clients that wanted to price their homes too high.
Compassion over Commission - Approach: We’re raising industry standards and crumbling the sleazy, slimy sales moves. We take a data-driven process that is focused on the best positive outcome for you. Not us. We call it “compassion over commission”
Sell My House During Foreclosure
Dolinski Group Real Estate has one of the easiest processes for selling a home during foreclosure.
- Get Your Home’s Value – The first step is to contact us, connect with one of our agents, and get a value for your home. At this point, we explore the best option for selling your home.
- Get It Listed – We take care of the marketing for you. That means, we get the necessary paperwork done, photos, and marketing collateral to get your home on the market.
- Get An Offer – Once your home is on the market, it is time to do showings and receive an offer.
- Get It Sold And Close – Next, we process all of the paperwork, ensure compliance, and get the property sold and closed according to any agreements with the bank, as required.
Contact Dolinski Group Real Estate if you have any questions about how to sell your house during a foreclosure in Lansing or Detroit, MI
Our company’s goal is to make the process smooth during a time that is filled with a lot of mixed emotions. The Dolinski Group offers foreclosure real estate services.
Contact one of our agents today!
Lansing Real Estate Agent Services
Our company offers more than foreclosure real estate agent services. We also have services for probate, divorce, distressed properties, investment properties and more. For a complete list of our Lansing real estate agent services, go here.
Detroit Real Estate Agent Services
Our company offers more than foreclosure real estate agent services. We also have services for probate, divorce, distressed properties, investment properties and more. For a complete list of our Detroit real estate agent services, go here.