Some of the pitfalls that clients and homeowners would have while negotiating for a short sale in Georgetown, DC are maintaining the utilities especially when a closing has been extended out a few weeks and utilities have been planned on being switched over to the new homeowner.  A delay sometimes becomes inevitable and these delays can become costly to everyone involved in the short sale process.  Appraisers are tasked to go back to the property a second or even third time and sometimes even a day before closing.

If the appraiser goes out to the property being sold on short sale in Georgetown, DC  and finds out that utilities are no longer on then this can be another extra 3 days coordinating with utility companies and will cause for the appraiser to go back the third or fourth time.

What this can do is push everybody up against the wall because the seller's lender has an approval deadline and everybody has to make that deadline work.

The best you can do is make sure that utilities are on at all times up to a day or 2 after closing.

So if you have a specific situations and are considering a short sale for your property in Georgetown, DC  please call  855-835-5473  or email direct at dan@greetingsvirginia.com.  Our team of short sale experts in Georgetown, DC   will contact you shortly and will help you stop foreclosure.

Hi!  I’m Dan Rochon with Keller Williams Realty and greetingsvirginia.com talking to you today about short sales and my team and I have been specializing in doing short sales in Virginia, Maryland and Washington DC since 2007. 

“What is the process of a short sale?”  The first thing that you need to do is interview an agent.  Find a real estate agent that you are comfortable with, one that I recommend is someone who specializes in short sale in Burtonsville, MD.  And if you are in Virginia, Maryland and Washington DC I can show you how we can help you.  And then select somebody to represent you, and will obtain some paperwork from you.  Those paper works shall include financial hardship letter which will basically state the difference today than when you bought your property, when you got the original land.  In the hardship letter you will have to state the difference in your finances or your health or your family.  The other documents that you have to get together would be some banks statements, some tax returns for the last couple of years, your mortgage statements, and some other financial paper works and your short sale specialist in Burtonsville, MD would be able to help you throughout that process because each bank has a little bit of different forms that they want.  And then also an RMA Form which is an application to participate in half of the program.  These are all the documents that you need to get together to start the short sale process.  Once you got those documents together then need to get the property in the best condition possible, place it on the market.  We recommend that you do not really spend a lot of money because obviously you do not have much money if we are having this kind of conversation; but instead, that you spend some time to putting the property de-cluttered, putting it in the best possible position that you can put it in.  Then you want to get it on the market.  You would want to allow as many showings as possible so that many potential buyers can come to see your property.  Then once you find a buyer, you negotiate with that buyer, and get the highest price from them with the best terms for you.  Then the negotiation starts between you and the bank or a realtor in Burtonsville, MD and your agent should be able to help you out with that. 

When you hire us, we will be able to help you with that.  We will submit the short sale packets we will be collecting from you to the bank.  We will submit the offer and then we will start with the conversations and the entire process can take within a month or two or we have up to four or five or six months depending on your situation.  It may be a long process but I can tell you that you will be in a better position at the end of the day than what you are in right now. 

So Again my name is Dan Rochon and I am with Keller William Realty and greetingsvirginia.com and if you have a specific question about your situation I am happy to answer it .  You can email me direct at dan@greetingsvirginia.com and my team and i will look forward to helping you.  Thanks!

I am Dan Rochon with Keller Williams Realty and greetingsvirginia.com.  talking to you today about some market statistics in 2011.  My team and I specialize in doing short sale in Virginia, Maryland and Washington DC.  We really pay particular attention to what the trends are in the market.  One of the things that came out from the Northern Virginia Association of Realtors very recently was that in 2011 in the DC  metro area almost 1 out of every 3 homes that were sold was a a result of distressed property - either a short sale or a foreclosure.  It's sort of even surprised me even if we spent time dealing with it.  But the thing that you have to know is that the DC metro area is micro pocket, Arlington is different than Prince George's County.  In fact in 2011 it is 1 of 10 homes in Arlington were distressed which I thought was actually higher than what I would have anticipated.  But it is something that today many homeowners in 2011 were sold as a short sale. 

Now the reason why I am sharing this with you today is because I wanna let you know you are not alone.  If you are upside down on your mortgage and you have a financial hardship, you are struggling, you are not alone.  Your neighbors, look at your neighbors, 1 out of 3 of them are in the same situation as you are or 1 out of 10 if you are in a place like Arlington which is really quaint. But it is telling where we are in the market today.

So Again my name is Dan Rochon and I am with Keller William Realty and greetingsvirginia.com and if you have a specific question about your situation I am happy to answer it.  You can email me direct at dan@greetingsvirginia.com and my team and I will look forward to helping you.  Thanks!

An essential basic guideline in purchasing a short sale is to select the best property and the right agent to stand for you. You do not want to make an offer on a short sale that will never close. The right agent can suggest the best approach for success. Closing a short sale involves teamwork from all parties concerned.

Some buyers have made offers on short sales, and then waited as long as six months or more, only for the seller to be denied the short sale or of been foreclosed on.

Here are a few things your agent should ask when buying a short sale:

1) Who will deal for the short sale? Be sure that whoever is negotiating on the seller’s behalf is competent and experienced. Commitment from the seller’s representation is the #1 skill set that result in success in the negotiation. Be sure that the seller’s team is committed to the achievement of the short sale and that they will never give up on the deal.

2) In the last 6 months how many short sale transactions have they closed? You will have a better chance of closing a short-sale deal if the listing agent has an understanding of how to do short sales and has a plan for how to achieve a sale.

3) How many loans are on the property? The more liens on the property equal the more challenges.

4) Who are the lenders? Not all lenders are the same in regards to their willingness to cooperate.

5) How much is owed on the property? A bank will do a short sale if they are in a better condition than if they were to foreclose. In most cases, even if there is a great deficiency, the lender will tend to agree to the short sale.

6) Has a Broker Price Opinion been completed? A BPO is the bank’s principal step in formulating the accepted amount that they will award a short sale for. If they have already finished this step, then they are nearer to success.

7) Has the property previously been under contract with another buyer? If it has been, then it is expected that the long progression of the short sale has already begun. Properties that have already been under contract often have a better chance of getting approved.

  Is there an imminent foreclosure date? You do not want to be in a situation to get under contract with a seller that will possibly lose their property to a foreclosure.

9) How many months behind on the mortgage are the sellers? The more behind on their payments the seller is the more likely that the seller will be foreclosed.

Consider that not all short sales are identical. Be sure that your agent gets the above data prior to writing an proposal on the, “Home of your Dreams”.

Hey, I’m Dan Rochon with Keller Williams Realty and greetingsvirginia.com. We’ve been helping people all around the Northern Virginia area, Maryland and Washington D.C. to avoid foreclosure, to do short sales.    One of the concerns that I’m often asked is, “What’s the tax considerations of a short sale?”   Well, I’m not a cpa and I’ll definitely recommend you to a cpa to realize that but there can be something else that you can do.   You can just browse on search engines the Mortgage Virginia Debt Relief Act of 2007, which will lead you to the IRS web page that goes through all the factors that you may or may not have, and likely you want to have consideration but again you can discuss to a tax accountants about that or a CPA.   One of the elements that you should know is that at the end of 2012, so right now the way that the law currently appears is that the Mortgage Virgina  Debt Relief Act at the end of 2012 will end.  At time that you are viewing this, that may or may not change but again, we do not know.  I mean, we know the present options and how the administration operates and there is no understanding if individuals that are placing their properties in the market for short  sale at the end of 2012 are going to get this or not.   So I recommend to discuss to a short sale especialist to see what the present up-dates are in regards to that law.  If it is still in act or not and if it is going to be able to help you to prevent any prospective taxation.   If you have any specific questions, go ahead and give me a call on the number on this web form or fillout the information on the page and I look forward to helping you. Thanks!

Hey! I’m Dan Rochon at Keller Williams Realty, greetingsvirginia.com. We are committed to helping people at the Virginia, Maryland and Washington D.C. area, who are upside-down on their home mortgage and need to offer their properties for short sale to stop foreclosure . We are committed to helping them to be able to offer their properties and negotiate with the banks to cut back on some or all their inadequacies. We’ve assisted clients in Annandale, Virginia, Alexandria, Arlington, Herndon, Lower End, all across the Northern Virginia area, as well as clients in Maryland, Bowie, Glen Burnie , Rockville, Gaithersburg.  So for anyone who are in these areas and you have a house that you are upside-down on the mortgage and you need to offer it for short sale, contact us now and we may be able to help you.   Phone number is on the web page.   Call us right now and we will be able to assist you with all your real estate issues. Thanks.

Hey! I’m Dan Rochon with Keller Williams Realty, greetingsvirginia.com. Traci and I have been assisting individuals to prevent foreclosures in Washington area since 2007. We’ve assisted individuals prevent foreclosures in all places around Maryland. We’ve also assisted individuals across places of DC, Rockville, Gaithersburg, we’ve closed one last recently. So we’ve been very effective in the South VA, MD and Washington D.C.  to help individuals prevent foreclosures.

 One of the greatest considerations that individuals ask me is, “How long this procedure is going to take?” Well, beginning to end, we’re finally at a procedure that is getting more and more efficient that it requires less time now than it used to a year or two ago. What we’re obtaining is 90 days to 6 months is very common. Now, I tell you that's 6 months on the average.   My wish is that we attain your goal of short sale so that you are looking at 6 months as the longest time that we are probably going to take and then if we end up  doing it in 90 days or less, then you are really going to feel much better about that.

 Unfortunately, a lot of these are outside of  our management in regards to how  extensive it’s going to take and it really will depend on what lender or bank you have been utilizing. Bank of America, they are one of the best-paced to work with these days in regards to short sales. Their procedure is very more efficient, Wells Fargo is very efficient as well, Citibank, and some of the government banks.  It really relies upon who you work with and what their techniques look like. It also will depend on how many trusts are there on the property and if there is a property insurance provider which is involved.

To decide particularly what your scenario may be, because each scenario is different, get in touch with me now, see if you are prepared to put this behind you.  Contact the phone number on this website right now and I look forward to assisting you. It’s Dan Rochon at Keller Williams Realty and we’ve been assisting individuals in VA, MD and Washington D.C. I’d be delighted to help you as well. Thanks!

Hi! Dan Rochon with Keller Williams Realty and greetingsvirginia.com, serving Virginia, Maryland and Washington D.C. short sales. Often people ask me that are under pressure with their payments if they should pay their homeowners association dues on their property in Virginia, Maryland or D.C.  My answer to that is easy. I’m not going to tell you how you administer your own money, but I will say that if it’s a option between a small HOA payment and a larger payment that may go to something else and you on have, say $1000 and there’s a $1500 mortgage bill and there’s $200 HOA fee, it probably is more appropriate to pay the HOA fee, now what you should do with the mortgage bill, I won’t advise one way or the other, but you have 1000 bucks and it is what it is, unfortunately. So, I always recommend that if you can possibly do so, pay the HOA fee and really the reason why is because, generally it’s a smaller payment and it’s seldom that is unmanageable for most of our clients and it’s removed one potential obstacle of the short sale process that really frankly that we don’t want to add on up because this is really a difficult process and challenging. And so, if you have questions about your specific situation, about your specific homeowner’s association or about anything in regards to short sale in Virginia, Maryland and Washington D.C., go ahead and call 855-835-5473 I’ll be happy to answer your questions.

Top 9 Strategies to a Successful Short Sale

Often homebuyers of short sale properties wait as long as six months or more, only for the seller to be denied the short sale or of been foreclosed on.

A crucial fundamental to buying a short sale is to pick the best property and the right agent to represent you. You do not want to make an offer on a short sale that will never close. The right agent can advise you on the best strategy for success. Closing a short sale involves teamwork from all parties involved.

When buying a short sale, your agent should ask:

1) Who will be negotiating the short sale?  Be sure that whoever is negotiating on the seller's behalf is qualified with experience. The #1 skill set that results in success in the negotiations is commitment from the seller's reprsentation. Be sure that the seller's team is dedicated to the success of the short sale and that they will never give up on the transaction.

2) How many short sale transactions have they completed in the past 6 months?  You will have a better chance of closing a short-sale deal if the listing agent has experience doing short sales and has a plan for how to accomplish a sale.

3) How many loans are on the property?  The more liens on the property equal the more challenges.

4) Who are the lenders?  Not all lenders are the same in regards to their willingness to cooperate.

5) How much is owed on the property?  A bank will do a short sale if they are in a better position than if they were to foreclose. In most cases, even if there is a large defieciency, the lender will be inclined to accept the short sale.

6) Has a Broker Price Opinion been completed?  A BPO is the bank's first step in determining the accepted amount that they will approve a short sale for. If they have already completed this step, then they are closer to success.

7) Has the property previously been under contract with another buyer?  If it has been, then it is likely that the long process of the short sale has already begun. Properties that have already been under contract often have a better chance of getting approved.

8) Is there a pending foreclosure date?  You do not want to be in a position to get under contract with a seller that will likely lose their property to a foreclosure.

9) How many months behind on the mortgage are the sellers?  The longer behind on their payments, the more likely that the seller will be foreclosed.

Remember that not all short sales are created equal. Be sure that your agent gets the above information prior to writing an offer on the, "Home of your Dreams".

Get, "Should I Short Sale my Home?" ebook.  Learn how to stop foreclosure in Washington DC, Virginia, and Maryland.

Highland At Gunston Crnr Short Sales

Short Sales in Lorton

Home for sale available only as of March 09, 2011. For current property availability please email listing agent at Dan@GreetingsVirginia.com or contact your REALTOR. There are NO Representations that this property is currently available. Please check with your real estate agent or the listing agent for an update on property status, current price of home, etc. Search http://greetingsvirginia.com/ to find luxury condos, bank owned homes, short sales, waterfront homes, and other homes for sale.

LISTED BY KELLER WILLIAMS REALTY 8303 BLUEBIRD WAY #M, LORTON, VA 22079 $184,900 FX7547176 2 Bedrooms 2 Bathrooms Residential Top level condo that offers 2 bedrooms, 2 full baths, vaulted ceilings, kitchen with gas stove, refrigerator, dishwasher, microwave etc, living room with gas fireplace, dining area and sunroom. Upgrades include ceiling fans throughout, ceramic tile, carpet and hardwood floors! Washer/dryer in unit! click here for details Dan & Traci Rochon Office: 703-562-1791 Fax: 703-564-9815 eMail: Dan@GreetingsVirginia.com or Traci@GreetingsVirginia.com Keller Williams Realty . 6354 Walker Lane Suite 100 . Alexandria, VA 22310 LISTED BY KELLER WILLIAMS REALTY