FOR IMMEDIATE RELEASE:

CONTACT:
Contact Person: Kathy Toth
Company Name: Keller Williams Realty
Voice Phone Number: (734) 669-0337
Email Address: Info@KathyToth.com
Website URL: www.KathyToth.com

Ann Arbor Real Estate Team Creates Michigan Foreclosure/Short Sale RELIEF Division

Ups and downs in the economy are causing more people to go into foreclosure. In fact, the home foreclosure rate in Michigan is up 7.96 percent from September, but down 15.07 percent from October 2007. All told, there were 11,393 filings in the state of Michigan this October, or one for every 396 homes, according to RealtyTrac.com.

Michigan now ranks #7 in the country (behind Nevada, Arizona, Florida, California, Colorado and Georgia) for percentage of homes facing foreclosure filings. 7 out of 10 home owners have not taken action to avoid foreclosure. That’s why a group of local REALTORS® is teaming up to help folks avoid personal and financial ruin.

Jan Yarbrough just dodged the foreclosure bullet. Eighteen months ago, she moved up North to another house and listed her Ann Arbor area home for sale. Jan’s Ann Arbor area home had a $1,800-a-month mortgage and she was paying a second house payment for her other home up North.

Between both mortgages, things got tight and Jan worried about the future. “I was still able to make the bills, but I was living paycheck to paycheck. I had the house listed for a year and then I had to miss payments when it did not sell,” she says.

That’s why Jan turned to The Kathy Toth and Team of Keller Williams Foreclosure Relief Division. The team is made up of experienced REALTORS®, a lender, Title Company and CPA. The Toth Team analyzes each situation carefully to offer the home owner personalized advice. “We’re helping people save themselves from foreclosure. We’re saving neighborhoods, communities and families one home at a time,” says REALTOR® Kathy Toth.

Kathy and her team also helped Jan do a short sale to her bank, which assumed $21,000 in losses she had on the place. Many banks avoid legal fees when taking a short sale vs. a foreclosure. Now Jan and her son are relieved of a mortgage she worried could ruin her. “Plus, foreclosure stays with you forever,” she says, “It’s a permanent part of your credit records.” The short sale process is better on the credit score. She has kind words to say about the Toth Team.

So far this year, Kathy Toth and Team have moved 95 families. The process is confidential and there’s nothing to be embarrassed about. Best of all though, it’s free.  You can visit www.AnnArborShortSale.com to get started or call Kathy’s team at (734) 669-0337.

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Kathy Toth & Team: Ann Arbor Area Real Estate Experts

www.KathyToth.com

Keller Williams Realty

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