Short Sales Maryland "Are you considering a short sale? "
Worry about your mortgage underwater?
What is a Short Sale? A short sale is when a homeowner facing foreclosure sells his or her property for less than what is owed to the mortgage lender. The sale has to be approved by the lender.
Short sales have become so popular these days. There are several reasons why they are so prevalent right now. In some instances homeowners with adjustable-rate loans can't make the payments when their interest rates rise; others fall behind because of job loss, others because of a divorce or sickness.
A lot of homeowners have seen their homes values drop and when they want to refinance. .they simply can't because of new regulations set by banks.
They don't qualify and the house will not appraise to refinance
What are the advantages and disadvantages of a short sale?
A short sale will be less damaging to your credit score than a foreclosure. Just try to have a normal life with a foreclosure on your record. .. it’s almost impossible to rent, to finance a car, future job applications . .simply put, you will be paying trough the nose next time you want to just finance a car. Sure they could probably give you a loan but they will charge you trough the nose!
When should you consider a short sale?
When your loan modification has gone NOWHERE. When you realize that a loan modification becomes a loan mortification and you refuse to pay month after month for a home that may take years for the value to catch up with your mortgage
Why Should You Consider a Short Sale?
It's time for homeowners to stop and operate under a “powerful moral constraint” while lenders are busily trying to maximize profits, receiving bailouts, increasing their bonuses and making decisions using “powerful economic steps”
Being delusional to the fact that waiting for the value of your home to catch up with your mortgage could end up being years from now. . .This is your wake up call!
If you qualify. . . a short sale could be a sensible solution for you
How Much a Short Sale Will Cost Me After All?
It costs you nothing. . .
When I list a home as a short sale, I recognize my clients are in hardship and they need all the help they can get.
Some of them have fallen trap to the loan MORTIFICATION fiasco and paid some lawyer a lot of money for nothing.
When I do a short sale, I tell my clients we are in the same boat. . .no can guarantee you a successful short sale.
Read more about how much a short sale should cost you?
Should We Stop Making Our Mortgage Payments?
A question I hear very often being asked frequently by homeowners. . when considering a short sale.
Nobody, outside of a lawyer, can tell you whether to stop making your mortgage payments. . especially not Real Estate Agents, because we are not licensed to give you legal advice.
But you have to realize that the bank will only accept a short sale when you are in a hardship. .Read More)
What's the Difference Between a Short Sale and a Foreclosure ?
Simple. .
In a short sale you SELL YOUR HOME . . .
In a foreclosure .. . .YOU LOSE IT!
Read my eBook "Is A Short Sale an Option For Me?
Why Should You Call Us If You Are Short Selling Your Home?
We are not investors, we just want to help you. If we can, the bank will pays us. . .. . if we can't help you, we lose and we do not make a dime.
WE ARE IN THE SAME TEAM WITH YOU!
Fernando Herboso is a Certified Distressed Property Expert 
and a Gold Member Certified Default Resolution SpecialistTM with (CDRS)
You can reach Fernando Herboso by calling him directly@ 240-426-5754
or email : Fernando@Herboso.com
Herboso & Associates is one of the Top Realtor Groups for the most CLOSED SHORT SALES for 2009 in Montgomery and Frederick County Maryland
IF YOU ARE HAVING TROUBLE WITH MAKING YOUR PAYMENTS OR ARE HAVING ANY FINANCIAL DIFFICULTIES A SHORT SALE MIGHT BE YOUR BEST OPTION.
CONTACT US TODAY TO SEE IF YOU CAN QUALIFY. OUR SERVICES ARE FREE AND EVERYTHING IS KEPT IN THE STRICTEST CONFIDENTIALITY.
"We Bring you The Results When It Counts"
How we surprised our client with a $23,000 doing her short sale in Maryland
Yes, we got the bank to give her all this money by asking the right questions and qualifying for all the existing programs available. .
It matters WHO does your short sale!!!
Watch us in action!!!
Fernando, you did a great job of descirbing the process! We have many realtors in our office in Minnesota who are pulling there hair out during this grueling process.
Another aspect on short sales that we are finding is that offers are being presented and just sitting there in limbo as the client waits to hear the response from the lender. I think you have to have the stomach for this and especially so when you represent the buyer and their anxieties in the process.
We need a better stable economy to get past this epidemic. The richest country in the world brought down to our proverbial knees. We need better jobs. Better schools. There is so much more i could add but you see where i'm going with this.
Great description of the process. That CDPE training really shows! That was the best training I've ever received, and we're pretty proud of or training at Keller Williams!
The times have changed, though, regarding mortgage insurance. Many of those companies are nearing bankruptcy if they aren't there already, so lenders are only tapping those wells very discriminantly.
Nice work! I am looking to set up a small group of "independent broker/agents" in Maryland from different market areas to work together on Short Sales, Buyer Agency and Social Networking. My interest is in Baltimore. Are you interested in participating?
Jim: ShortSalepathways is a good company and we are doing one their referrals in the Maryland region for them. They are very professional and ethical.
Deborah: Is not that I have the stomach to represent sellers in a short sale. . the only reason why I do short sales is because I'm morally obligated to help them. I was part of creating the financial crisis in this country and now. . I'm doing my part to fix it!
Robert: We always need more of what we got to fix our problems .. . now that we have been dealt with a problem that all Realtors can participate and fix . .that is doing a short sale to help keep just one MORE FORECLOSURE OFF our inventory.
Matthew: CDPE is a great organization. I got my designation over a year ago when they were just starting. They gave me the a solid platform to build my short sale systems and help my clients better. I recommend CDPE to all Realtors .
Vito: I'm all ears, I will be glad to participate if it means that I can help Baltimore stop foreclosures from happening..give me a call.
Fernando, great job of clearly outlining the key elements consumers need to achieve short sale success!
To your success!
Fernando - You described the process of short sales in great detail. Thanks for posting such an informative blog about short sales.
I HAVE A QUESTION. I STARTED TTHE PROCESS OF A SHORT SALE WITH ANOTHER COMPANY, HE WANTS TO COME TO MY HOUSE AS OPPOSE TO ME GOING TO HIS OFFICE. IS THAT OK?
Betty: Not really sure what is your concern on this. . but a Realtor should be allowed to come to your house if they are going to list the property as a short sale.
Short Sale Realtor Needed - Up To 9% Commissions - Residential/Commercial
We, along with our equity partner, purchase Short Sale residential/commercial properties all cash ($50Million+). We buy them with the intention of rapidly reselling them for profit. When we purchase your short sale property this is what we bring to the table…
* A Pocket-Cash-Buyer for any type of property, at any price. Commercial properties too.
* My short sale negotiator at no charge to you, seller, or lender.
* Complete & transparent disclosure to all involved.
* We follow FannieMae, FreddieMac & HUD published flipping guidelines.
* A cash buyer who never gets tired of waiting for Lender approval.
* 2 separate transactions, 2 separate closings, 2 separate commissions.
* No Double Escrows or Simultaneous closings.
* Real time Emailed status updates as things happen on the file.
* The ability to write an offer in the next 10 minutes!
Very interested in luxury hotels too.
And yes, we can flip REO's as long as you have the "c" buyer under contract and pre-qulaified (unless cash is used) Please no bulk packages.
Contact Larry Now: shortsalerealtorswanted@gmail.com
Larry from the above comment. .
If I was to send you my short sales clients to you. . it would be like sending Red Riding Hood to grandma's house.
Your only motivation is clearly to make money by taking our short sales to benefit you.
I have a fiduciary duty and a moral obligation to absolutely do my best FOR MY CLIENTS and that would be taking control of their short sale, negotiating it with the help of my staff. .to the benefit of our clients only. . .not me and certainly not investors.
Your 9% commission sounds enticing. .a lot more than we get when we do short sales to benefit our clients. . so by refusing your offer. . I'm not really motivated by money alone. .but for the fact that I like helping people and I like to look at them eye to eye with all honesty by telling them. .I will do my best to help you during this trying time. .
that's my promise to my client and that is may answer to you. .
I think I'll pass. . .
Hello Fernando,
I am impressed with your page. My mother-in-law is in need of assistance in this area. I am also interested in joining your team. Your statements to Larry made me feel that You are the person to work with for my mother-in law and the person to work for(for me). I too have the desire to help people out of the situations that they are faced with, while helping them keep their dignity and to at least know that there is hope. Please feel free to contact me.
Juanita, my direct number is 240-426-5754 . .looking forward hearing from you
UPDATE:
We listed Juanita's Mother in law's house. .
I'm hoping that Juanita will come back with a testimonial. . .after we finish her short sale. . should be in February 2012
UPDATE:
March 2012
The most incredible thing happened doing Juanita's Mom short sale. .
We captured in ViDEO!!!
http://activerain.com/blogsview/3062159/surprising-my-client-with-a-23-000-check-doing-her-short-sale-