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HAFA Rules Relaxed for Short Sales

by Tom Stachler - Group One Realty Team - Real Estate

Welcome to 2011, it is going to be a great year and I'm excited to see where it takes us!

Changing Short Sale Rules - The HAFA program has been a mixed bag, but last week the Treasury Department changed the rules to make short sales easier. 

Here are the primary changes to HAFA: 

- Those seeking a short sale must get an answer within 30 days
- Lender Servicers are no longer required to verify a borrower's financial information
- Lender Servicers are no longer required to determine if the debt-to-income exceeds 31%
- Though Second lien holders no longer must accept 6% of the unpaid balance - 

Overall, these changes should help expedite short sales, which is good news for Home owners, realtors, investors and ultimately the banks.

If you are looking for a way to sell you home that you feel is worth less than you owe on it, we can help.  Please contact us on this link or try the chat button at the bottom of the page.  You can also stop by this helpful short sale information site as we by clicking here.  


Here is to a healthy, wealthy, and exciting 2011!

Rules for Roundabout Driving

by Tom Stachler from Group One Realty Team - Real Est

I know I have trouble remembering the rules when I get to these new intersections.  Did you know that if you are in a roundabout and an emergency vehicle approaches you are suppose to wait to pull to the side AFTER quickly clearing or exiting the roundabout?  Here is some more information to review.

Roundabout Navigation Image 1

 

Image 2

When approaching a roundabout, slow down. For multi-lane roundabouts, look for roadside signs and pavement markings to guide you into the appropriate lane. It is important that you be in the correct lane prior to entering the roundabout.


Image 3

Always stay to the right of the splitter island (either painted or raised). Splitter islands are used to divide directional traffic on the approach to the roundabout.


Image 4

Be cautious of pedestrians as you approach the crosswalk.


Image 5

As you approach the yield line, look to your left before entering the roundabout. Vehicles within the roundabout have the right-of-way. Enter the roundabout and merge into the traffic flow once an adequate gap is available.


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All movement within the roundabout circulates counterclockwise. Never turn left into the roundabout from the yield line.


Image 7

When traveling within the roundabout, only stop to avoid a collision. You have the right-of-way over entering traffic.


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When approaching the roundabout, avoid traveling at a speed greater than the posted advisory speed.


Image 9

When circulating within a multilane roundabout, avoid changing lanes.


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Give special consideration to trucks, trailers and other large vehicles within a roundabout. Avoid passing or driving adjacent to larger vehicles within a roundabout. Large vehicles need more than one lane to circulate the roundabout.


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Sometimes you will encounter a cyclist traveling within the roundabout. Use caution, be courteous, and share the road.


Image 12

Continue through the roundabout until you reach your exit. Use your turn signal when exiting.


Image 4

As you exit the roundabout, be aware of pedestrians crossing the roadway.


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If an emergency vehicle approaches the roundabout...

Directly behind you just prior to you entering the roundabout (single lane approach); Enter the roundabout and travel to your exit. After exiting the roundabout, immediately maneuver your vehicle to the right side of the road to allow the emergency vehicle to pass you. Do not stop in the roundabout.

On another approach prior to you entering the roundabout; Wait for the emergency vehicle to enter and exit the roundabout before proceeding with your maneuver.

While you are circulating within the roundabout; Exit the roundabout and immediately maneuver your vehicle to the right side of the road to allow the emergency vehicle to pass you. Do not stop in the roundabout.

Looking for Real Estate in or around the Ann Arbor, Michigan area?  For New listing updates, please click here. 

Cyberbullies and your Children

by Tom Stachler from Group One Realty Team - Real Est

Ten Ways to Protect Your Child from Cyberbullies

Cyberbullying has quickly turned into a pandemic on the web, causing severe emotional and psychological pain to children. According to the National Crime Prevention Council, over 40% of all teenagers with Internet access have reported being bullied online. 

Cyberbullies seek to terrorize or humiliate perceived enemies and rivals under the cloak of anonymity, and with the proliferation of social media tools and multiple points of connection to the Web, they have an ever-expanding array of opportunities to achieve their goals. This activity presents a daunting challenge to parents who want to ensure their children's safety in today's technology-driven communications environment. Simple tips that worked in the past are fast-becoming ineffective: it's no longer sufficient to block access to specific websites, messaging programs, social networks, or computer use altogether. 

Parents can gain important insights into their children's digital lives by communicating with them about this important topic, and better monitoring their web, email and mobile phone activity. Here are 10 tips for parents to help protect their children from cyberbullies and other online dangers:

1. Start by talking with your children about their online activities and the dangers of cyberbullying - set their expectations by discussing your views on monitoring their Internet and smartphone use

2. Set up Google Alerts to monitor mentions of your children's names on the Web

3. Friend your children on Facebook and monitor their privacy settings so you are able to view their profile and activity

4. In addition to Facebook, cyberbullies use other social networking sites like Twitter to post hateful messages. Familiarize yourself with these sites and set up an account to enable you to routinely search what others are saying about your kids

5. Inform teachers if you suspect your child is being cyberbullied.  Teachers are among the first to notice important changes in children's behavior, and it's possible the bully may be a classmate

6. Consider implementing parental monitoring software on your Home computers and children's smartphones

7. Many school districts also now use computer monitoring software on all classroom computers. Check with your school principal, PTA or school board to ensure these tools are in use at your child's school

8. Prohibit your children from having multiple e-mail addresses, screennames and social networking accounts

9. Prohibit your children from using geolocation tools and apps on Facebook and smartphones

10. Always be observant as your children use electronic communications tools. Changes in habits, such as frequency and timing of use, mood swings and other indicators, could be a sign that your child is being bullied or a target of other online mischief

If you are looking for new real estate listings, try www.shelterquest1.com

Would you like Two Principal Residence Exemptions?

by Group One Realty Team - Real Estate One

Principal Residence Exemption

Sellers who have taken advantage of the opportunity to retain two principal residence exemptions must file Form 4640 by December 31.

Legislation (signed in 2008) enables that the seller can retain an additional exemption for up to three years on property previously exempt as the owner's principal residence if the following criteria are met:

  • the property is not occupied
  • the property is for sale
  • the property is not leased or available for Lease
  • the property is not used for any business or commercial purpose.

For your convenience, a copy of Form 4640 is available at link to the form on the Michigan Government website.

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