The Power of Active Rain : Linking - 01/30/10 08:05 AM
The Power of Active Rain :  Linking   

ActiveRain allows me to link to my websites hundreds of links to help me in SEO
It is a known fact that Activerain has collective power to compete with other portals in the Internet
By putting links in your posts, you slowly start building momentum in your business
 What is the purpose of being in business?
To be seen and heard. . 
The power of Active Rain brings you that.
You will be seen and heard!
 I can bring my business to the front page on Google and other portals on  … (10 comments)

The Power of Active Rain : Local Expert - 01/30/10 07:44 AM
The Power of Active Rain :  Local Expert  

ActiveRain allows me to become a local expert within my community   
It is a known fact that Activerain has collective power to partner with you and give you presence in the Internet when it comes to your community .
 I use it to broadcast my knowledge of my area and it becomes very helpful to people from out of town
I post community events from time to time and I also post market reports for specific neighborhoods.
I also use it to help small business around my area.. . because of … (3 comments)

The Power of Active Rain : Networking and Collective Knowledge - 01/30/10 07:32 AM
The Power of Active Rain :  Networking and Collective Knowledge  

ActiveRain allows me to network with my peers despite great distances.
It is a known fact that Activerain has collective power to network among all it's members 
 I use it to my advantage. When I get a lead for another part of the country. . I instinctively  think who in Active Rain will help this person?
I post my leads in Active Rain and within minutes, I get phone calls or emails from Realtors willing to take many leads. . .it's  amazing!
I would like to thank the power of … (0 comments)

The Power of Active Rain : Leads and my Voice - 01/30/10 07:13 AM

The Power of Active Rain :  Leads and my Voice  

Active Rain is my platform to broadcast my services to the world.
It is a known fact that The Power Of Activerain has collective power to bring it's message to the spotlight
I use it to my advantage. I can broadcast my voice and be heard in all parts of the world.
I get leads from England and also helps me get connected with old friends in South America. .  contacting me because they see me "everywhere" in the Internet.
Most  of all, I have a lot of … (20 comments)

They pleaded with Bank of America to not foreclose on their home "Nothing Can be Done" - 01/30/10 06:36 AM
 
BANK OF AMERICA DID IT AGAIN. . .
Is it just me. . .or they don't seem to care about their reputation. . 
Their attitude towards short sales has alway been condescending  and degrading despite the efforts that thousands of Realtors took to save people from foreclosure..
Do they even care????. 
 
 
Via Steve Albin (Realty Executives Associates):
Charlie and Maria Cardoso pleaded with Bank of America to not foreclose on their home in Florida, but the bank said there was nothing that could be done.  So, the bank foreclosed on the property, forced out the tenants, stripped the house, and changed the locks.
There … (4 comments)

Short Sale Foreclosure Process - 01/29/10 06:47 AM
 
Short Sales in Maryland 
Understanding  the steps of a foreclosure is important when you are trying to avoid it.
Kevin Simpson outlines the steps that will eventually lead to the final sale of a foreclosed home.
Remember the difference between a short sale and a foreclosure
In a short sale. . you sell your home 
In a foreclosure. . .you lose it!
 
Via Kevin Simpson (ForeclosureListings.com):
Different rules are followed by different states regarding the property sale which is in pre-foreclosure as well as regarding the short sale investing. However, each of these follows a fundamental process. This fundamental process begins … (1 comments)

How Do I Find an Realtor with Short Sale Experience and Success in Maryland? - 01/28/10 08:25 AM

How do I find an Realtor with short sale experience and success in Maryland?  

A question that was posted in one website shows the exasperation of some consumers about their situation.
Short sales are not easy transactions by any stretch of the imagination. They are marathons, not sprints, and each situation is unique.
Finding an experienced agent should be  your priority and choosing one carefully is my advice today.
How many short sales has the agent completed in the last 6 months? 
The key word here is "completed"


My team and I are proud to be … (1 comments)

Government Help To Save My House in Maryland. . .Do I Qualify? - 01/28/10 07:45 AM

Government Help To Save My House in Maryland. . .Do I Qualify?  

How do I know if I qualify for Goverment Assistance to save my home when I can no longer make my mortgage payments? The short answer is a mortgage modification. This generally occurs when both parties, in this case you, the borrower and lender get together to find a solution for  your problem loan and mutually agree to workout the issues by creating new and better loan terms. 
The hope is that the new improved mortgage will help  the borrower to meet their obligations and avoid foreclosure.
… (1 comments)

The Year Of The Short Sale - 01/28/10 07:04 AM
          Follow Short Sales News. . 

                    Instant Update "The Short Sale Buzz:"



… (2 comments)

Rockville MD Homes For Sale 20850 - Real Estate Market Report for King Farm in Rockville MD Montgomery County - 01/27/10 06:01 AM
Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale
Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale  Featured Neighborhood (s) Market Stats  All Homes For Sale available in King Farm Neighborhoods Rockville Maryland 20850 Market Report for all Homes For Sale in KING FARM  in  Rockville  Maryland 20850  King Farm  King Farm Bailey  King Farm Village  King Farm Watkins Pond  King Farm Irvington  King Farm ALL FORECLOSURES  King Farm ALL SHORT SALE  King Farm ALL REO's   This  market report below  was created on 1/27/2010  This includes all Active Homes  including SHORT SALES and FORECLOSURES.  I'm including all of the homes, townhouses and condos that are under … (0 comments)

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for the Kentlands Neighborhood in Gaithersburg MD in Montgomery County - 01/27/10 05:57 AM
KENTLANDS Condos and Homes For Sale in Gaithersburg  MD
KENTLANDS CONDOS & Homes For Sale in Gaithersburg  MD  The Kentlands Neighborhood Market Stats All CONDOS &  Homes For Sale and Real Estate for  Gaithersburg Maryland 20878  
Market Report for all Condos & Homes For Sale in The Kentlands in Gaithersburg Maryland 20878 Including Kentlands Gatehouse, Kentlands Ridge, Kentlands Upper and Kentlands Hill District Kentlands Single Family Homes Kentlands Foreclosures Kentlands Townhouses and Condos       and all Kentlands Short Sales !   HELP HERE This  market report below was completed on 1/27/2010   This includes all Active Homes and Condos … (0 comments)

Clarksburg Village MD Homes For Sale 20871 - Real Estate Market Report for Clarksburg's Newest Neighborhoods in Montgomery County - 01/27/10 05:54 AM
Clarksburg Village Homes For Sale in Clarksburg MD 20871  
 
Homes For Sale in Clarksburg MD 20871 Clarksburg Highlands, Clarksburg Town Center, Clarksburg Village, Clarksburg Ridge, Clarksburg Outside - ALL Neighborhood Market Stats for w/ All Homes For Sale  in Clarksburg Maryland 20871
Market Report for all Homes For Sale in Maryland  20871 for. . .  Clarksburg Highlands Clarksburg Town Center Clarksburg Village Clarksburg Ridge Clarksburg Outside  HELP HERE This market report is for the last  week in 2010 I'm including all of the homes that are under contract.   Note: Clarksburg Village Neighborhoods has currently 47 Active Listings and 33 … (1 comments)

Short Sales: The bank does not want to get stuck with an underwater home. . . They Hope You DO! - 01/26/10 07:10 AM

Loan Modification Denied? . .a Short Sale Maybe Your Best Solution  

A reason why your loan modification was denied  maybe . . Because he aim is for your monthly payments (not including private mortgage insurance) to reach 31% of your pre-tax monthly income. Your mortgage  payments are defined as payments on the principal, interest, taxes, insurance (not including mortgage insurance) and homeowners association/condo fees. This maybe the reason why your loan modification was denied.. you do not have enough income to support a mortgage payment even when is modified to a lower interest rate.
Is this a blessing in … (3 comments)

Do I have to pay my back property taxes if I short sale my property? - 01/25/10 09:22 PM
3 Quick Questions About Short Sales. . . Do I have to pay my back property taxes if I short sale?
No, the back taxes will be paid fully by the bank when the house is SOLD and title is transferred on the short sale. 
Who pays my second mortgage in a  short sale? We negotiate the short sale with your second lender as well. They are paid off by a reduced amount during  the sale of your house. We convince the  first lender to agree to pay off the amount that the second lender will agree to take in … (3 comments)

Short Sales and Their Impact On Your Credit Score. . . - 01/25/10 08:59 PM

Short Sales and Their Impact On Your Credit Score: Short Sale and the impact on credit Scores No one can tell you  the exact outcome of your credit score since your credit is affected by many variables and add the fact that the FICO score is a constantly evolving process and changes over time. Understanding also that your credit is also a credit rating composed of three different credit reporting agencies: Equifax, TransUnion and Experian. How does a short sale affect your credit? I can begin with comparison to  the "Other" alternatives, the foreclosure and a deed in lieu of foreclosure. Based … (3 comments)

Short Sales Quick Checklist Definitions. . What is considered a hardship? - 01/25/10 08:37 PM

Short Sales Quick Checklist Definitions  

Short Sale Most Important Parts. 
Short Sale Authorization document for your Realtor® to communicate with your bank on your behalf BPO's are the benchmark that sets the price of your home. Copy of an approved HUD 1 showing the bank their net after paying all closing costs. Personal Financial Statement Form, very important to prove to the bank on your hardship The Hardship Letter, simple,  one page and to the point. Getting the MI company and understanding the role they play Who pays the commissions to your Realtor. . the bank, that's who! Home … (1 comments)

Short Sales 101 Sending Back That Approval Letter. . . - 01/25/10 07:23 AM

Realtors need to be aware that their responsibilities is to the homeowner and not to the bank! 
Sometimes,  I see how some Realtors continue break this rule.
They are confused about their fiduciary duty
Many Realtors out there do not have any business doing short sales and they should stick to what they know best.
The biggest misconception is:
You are helping a family and your actions will have an impact on the quality of their lives for  the next few years.
 
So please remember, in a Short Sale. . Your client is NOT the bank! Your fiduciary relationship is with the seller.
You must always look out for the best interest … (3 comments)

Obama's Help For Homeowners Program Has Been A Failure. . . - 01/22/10 04:40 AM
Obama's Help For Homeowners Program Has Been A Failure. . .  

Obama's Help For Homeowners Program has been simply a  failure. That is very clear
The fact that only 850,000 homeowners nationwide have actually been helped by this plan, is the evidence and no one seems to be talking about it. . . 850,000 maybe a big number for some but, when you consider that over 10% of homeowners in the US are currently at risk of default and a lot more looming in the background . . . 850,000 is a very small number. A band-aid in a … (4 comments)

Rockville MD Homes For Sale 20850 - Real Estate Market Report for King Farm in Rockville MD Montgomery County - 01/21/10 06:55 AM
Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale
Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale  Featured Neighborhood (s) Market Stats  All Homes For Sale available in King Farm Neighborhoods Rockville Maryland 20850 Market Report for all Homes For Sale in KING FARM  in  Rockville  Maryland 20850  King Farm  King Farm Bailey  King Farm Village  King Farm Watkins Pond  King Farm Irvington  King Farm ALL FORECLOSURES  King Farm ALL SHORT SALE  King Farm ALL REO's   This  market report below  was created on 1/21/2010  This includes all Active Homes  including SHORT SALES and FORECLOSURES.  I'm including all of the homes, townhouses and condos that are under … (0 comments)

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for the Kentlands Neighborhood in Gaithersburg MD - 01/21/10 06:51 AM
KENTLANDS Condos and Homes For Sale in Gaithersburg  MD
KENTLANDS CONDOS & Homes For Sale in Gaithersburg  MD  The Kentlands Neighborhood Market Stats All CONDOS &  Homes For Sale and Real Estate for  Gaithersburg Maryland 20878  
Market Report for all Condos & Homes For Sale in The Kentlands in Gaithersburg Maryland 20878 Including Kentlands Gatehouse, Kentlands Ridge, Kentlands Upper and Kentlands Hill District Kentlands Single Family Homes Kentlands Foreclosures Kentlands Townhouses and Condos       and all Kentlands Short Sales !   HELP HERE This  market report below was completed on 1/21/2010   This includes all Active Homes and Condos … (0 comments)

Clarksburg Village MD Homes For Sale 20871 - Real Estate Market Report for Clarksburg's Newest Neighborhoods in Montgomery County - 01/21/10 06:47 AM
Clarksburg Village Homes For Sale in Clarksburg MD 20871  
 
Homes For Sale in Clarksburg MD 20871 Clarksburg Highlands, Clarksburg Town Center, Clarksburg Village, Clarksburg Ridge, Clarksburg Outside - ALL Neighborhood Market Stats for w/ All Homes For Sale  in Clarksburg Maryland 20871
Market Report for all Homes For Sale in Maryland  20871 for. . .  Clarksburg Highlands Clarksburg Town Center Clarksburg Village Clarksburg Ridge Clarksburg Outside  HELP HERE This market report is for the third  week in 2010 I'm including all of the homes that are under contract.   Note: Clarksburg Village Neighborhoods has currently 45 Active Listings and 30 … (0 comments)

I am really struggling to keep up with my mortgage payments in MD and I don’t know what to do.. .? - 01/20/10 08:04 AM

I am really struggling to keep up with my mortgage payments and I don’t know what to do.. .?   

If you are worried that you won’t be able to meet your mortgage payments this month, the most important thing for you to do is to contact your mortgage provider as soon as possible.
Seeking immediate help will open up your options. . .your mortgage provider really wants to help you.
What if you have already contacted them and there is a sense of reality check that you may end up losing your home. . .simply because you can no longer … (4 comments)

CAN ANY REAL ESTATE AGENT SUCCESSFULLY DO A SHORT SALE? . .or Do I Need an EXPERT? - 01/19/10 09:58 PM

Would Any Realtor Do A Short Sale or Do I Need An Expert . . .?   

I’ve been observing many short sale listings lately in my area and  some makes me cringe. . .
People pour their financial futures in their Realtors and they oblivious about the tremendous damage they are causing to the future of those innocent entire families.   First, let me explain what do I mean when I say causing irreparable damage to the future of entire families.  A short sale is when you are  selling your house and the bank taking a loss on the … (3 comments)

Showed My Listing 3973 TIMES! - 01/19/10 03:34 PM
Selling Your Home in MD DC or Virginia? We know how to market your property See below for proof how we utilized Trulia  and had 3973 views using the Internet to market our listings. . . We know EXPOSURE SELLS. . .and we are ON THE TOP OF OUR GAME when it comes to EXPOSURE When you absolutely HAVE TO SELL. . Call us   240-426-5754
… (0 comments)

Do You Need To Sell Your Home Quickly? - 01/19/10 07:37 AM
 

I have plenty of experience helping people who may have gotten into trouble with their mortgage payments or can no longer afford to live in their homes. Foreclosures are on the rise...don't be another statistic. Call me today, and we can immediately take steps to preserve your credit... and your peace of mind!   
… (5 comments)

Wells Fargo Loan Modification in Maryland Was Denied. . NOW WHAT? - 01/18/10 07:54 AM

My Wells Fargo Loan Modification was denied . . now what?   

Wells Fargo has come up with the proposal of loan modification because they want to reduce the number of foreclosures on the market, thus helping delinquent borrowers remain in their homes.
Wells Fargo has strict guidelines for loan modifications and you may find yourseldf after all the hours spend on the phone, gathering incessant number of papers, bank accounts, tax returns and hardship letters. . .
You are being notified that your Wells Fargo Loan Modification was officially denied.
Now what? 
Now you know what we … (3 comments)

Citibank Loan Modification in Maryland Was Denied. . .NOW WHAT? - 01/18/10 07:49 AM
My Citibank  Loan Modification was denied . . now what?   

Citibank loan modification help may be offered to borrowers who live in high unemployment areas and where home values have dropped significantly. Homeowners whose credit ratings have dropped or who show signs of financial problems may also be qualified. Unfortunately, not all borrowers will qualify for this streamlined program. 
After all the hours spend on the phone, gathering incessant number of papers, bank accounts, tax returns and hardship letters. . .
You are being notified that your Citibank Loan Modification was officially denied.
Now what? 
Now you know what … (0 comments)

Chase Bank Loan Modification Denied in Maryland. . . NOW WHAT? - 01/17/10 07:29 AM
My Chase Bank  Loan Modification was denied . . now what?   

Chasing Chase Bank to do a loan modification and do the right thing is almost impossible. 
After all the hours spend on the phone, gathering incessant number of papers, bank accounts, tax returns and hardship letters. . .
You are being notified that your Chase Bank  Loan Modification was officially denied.
Now what? 
Now you know what we have known. . . Despite all the government and media hype,  voluntary loan modifications are not the silver bullet to the foreclosure crisis. it certainly was not in your case.
… (1 comments)

Bank of America Maryland Loan Modification Denied. . NOW WHAT? - 01/17/10 07:08 AM

My Bank Of America Loan Modification was denied . . now what?   

After all the hours spend on the phone, gathering incessant number of papers, bank accounts, tax returns and hardship letters. . .
You are being notified that your Bank Of America Loan Modification was officially denied.
Now what? 
Now you know what we have known. . . Despite all the government and media hype,  voluntary loan modifications are not the silver bullet to the foreclosure crisis. certainly not in your case.
Even after President Obama introduced the HAMP program, less than 8% of the anticipated 9 … (4 comments)

Flip This! - 01/16/10 11:55 AM

 
… (3 comments)

Why Should You Be Buying a Home Now. . . - 01/15/10 09:48 AM
Why Should You Buy In Today's Market? You are using borrowed money to buy an appreciating asset. This appreciating asset is your home. . . much better that paying rent. Whether you realize it or not. . when you are renting, you are paying a mortgage anyways. . your landlords! Listen to the experts in the video below and let me show you how to get and edge buying foreclosures in Maryland DC and Virginia
 

Visit msnbc.com for breaking news, world news, and news about the economy


… (4 comments)

Eliminating the Hardship letter in SHORT SALES . . . - 01/14/10 08:17 AM

Eliminating the Hardship letter in SHORT SALES . . .  

It is said that 22 percent of mortgage defaults were "strategic defaults" coming on homes that were underwater in 2009. 
What exactly is going on? 
Are people learning from the banks that it is a sound business decision seeking available help rather than staying prisoner on their own homes doing the right thing?
You are a prisoner of your own home if your mortgage is underwater and you do not have the cash to make it up at the closing table.
Simply, you can not sell.
So you … (7 comments)

Clarksburg Village MD Homes For Sale 20871 - Real Estate Market Report for Clarksburg's Newest Neighborhoods in Montgomery County - 01/13/10 07:46 AM
Clarksburg Village Homes For Sale in Clarksburg MD 20871  
 
Homes For Sale in Clarksburg MD 20871 Clarksburg Highlands, Clarksburg Town Center, Clarksburg Village, Clarksburg Ridge, Clarksburg Outside - ALL Neighborhood Market Stats for w/ All Homes For Sale  in Clarksburg Maryland 20871
Market Report for all Homes For Sale in Maryland  20871 for. . .  Clarksburg Highlands Clarksburg Town Center Clarksburg Village Clarksburg Ridge Clarksburg Outside  HELP HERE This market report is for the second  week in 2010 I'm including all of the homes that are under contract.   Note: Clarksburg Village Neighborhoods has currently 48 Active Listings and 33 … (2 comments)

Germantown Maryland Homes For Sale 20874 - Real Estate Market Report for Churchill Neighborhoods in Germantown MD Montgomery County - 01/12/10 06:52 AM

Germantown MD homes for sale, 20874 Montgomery County   Germantown MD homes for sale, 20874 homes for sale, Germantown CHURCHILL Neighborhoods Market Stats and                                    All Homes For Sale in:               Germantown Maryland 20874  
All Homes For Sale and market report  in CHURCHILL SUBDIVISION   for Germantown MD 20874 Including: Churchill Town Sector  Churchill View  Churchill TWN Sector  plus  all SHORT SALES  all FORECLOSURES  all HUD PROPERTIES   This  market report below was posted on 01/11/2010 Final 2009 Report and the … (0 comments)

Germantown Maryland Homes For Sale 20874 - Real Estate Market Report for Kingsview Neighborhoods in Germantown MD Montgomery County - 01/12/10 06:47 AM
Homes For Sale Germantown MD 20874
    Homes For Sale Germantown MD 20874
KINGSVIEW Germantown Homes For Sale 20874 Neighborhoods Real Estate  Market Stats and  All Homes For Sale              Germantown Maryland 20874
 
Market Report for all Homes For Sale in  KINGSVIEW SUBDIVISIONS Germantown MD 20874  Including:
 
Kingsview Village  Kingsview Knolls  Kingsview Ridge   This  market report below  was created on 01/11/2010  Last report for 2009 and the beginning for 2010 This includes all Active Homes including SHORT SALES and FORECLOSURES.
>Here’s what’s happening in Kingsview neighborhoods.
 The real estate market activity during this … (0 comments)

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for the Kentlands Neighborhood in Gaithersburg MD in Montgomery County - 01/12/10 06:03 AM
KENTLANDS Condos and Homes For Sale in Gaithersburg  MD
KENTLANDS CONDOS & Homes For Sale in Gaithersburg  MD  The Kentlands Neighborhood Market Stats All CONDOS &  Homes For Sale and Real Estate for  Gaithersburg Maryland 20878  
Market Report for all Condos & Homes For Sale in The Kentlands in Gaithersburg Maryland 20878 Including Kentlands Gatehouse, Kentlands Ridge, Kentlands Upper and Kentlands Hill District Kentlands Single Family Homes Kentlands Foreclosures Kentlands Townhouses and Condos       and all Kentlands Short Sales !   HELP HERE This  market report below was completed on 1/12/2010   This includes all Active Homes and Condos … (0 comments)

Villages Of Urbana Homes For Sale MD - Urbana Properties - 01/11/10 07:34 AM

In Villages of Urbana
 
A Sample of nice Homes that SOLD In
 
Villages of UrbanA and Market Report for 21704
 
The Urbana community was just like any other community in Frederick until developers decided in bringing two new communities. . The Villages of Urbana and the Urbana Highlands
 
 Search For Homes in Villages Of Urbana in Frederick County  Homes  For Sale in the Villages of Urbana MD  Urbana Properties             Homes  For Sale in the Villages of Urbana MD                                    … (0 comments)

Montgomery Village Homes For Sale in Maryland 20886 - Real Estate Market Report - 01/11/10 07:12 AM
Homes and Condos For Sale in Montgomery Village Maryland 20886





                            Homes and Condos For Sale in                               Montgomery Village Maryland   Weekly Stats FOR ALL Homes for Sale in Montgomery Village
                            Maryland 20886
Market Report for all the market activity  for the following neighborhoods in:
Montgomery Village 20886
Apple Ridge,Charlene,Christopher Court,ClubsideFairidge, Fairway Island, Goshen Overlook, Holly Pointe Kingspoint, McKendrie,McRory,Meadowgate,Mills Choice,Nathans Hill,Normandie … (0 comments)

Stop Paying Your Mortgage, Yes or NO? - 01/10/10 05:28 AM
 

Short Sales Maryland
Walking Away From Your Mortgage. . .The Moral Dilemma . 
Homeowners are being told "DO THE RIGHT THING"
Banks are being told "DO THE RIGHT THING FOR YOUR BUSINESS"
Is 2010 the year of the strategic default?
Are short sales the solution?
If you take away the incentive to homeownership for equity growth. . .are people willing to sacrifice working two jobs just to keep a house that is completely underwater?
Where is the incentive when you see banks bailed out by the Goverment for their mistakes and yet. .  they continue to give themselves bonuses and use that money NOT TO HELP HOMEOWNERS but to acquire other smaller banks to get … (5 comments)

lasvegasmtg.com Report: Walking Away from your mortgage in Las Vegas, Nevada - 01/09/10 04:32 AM
 

Short Sales Maryland
Walking Away From Your Mortgage. . .The Moral Dilemma . .SAVE FACE OR SAVE YOURSELF!
Is 2010 the year of the strategic default?
Are short sales the solution?
If you take away the incentive to homeownership for equity growth. . .are peorple willing to sacrifice working two jobs just to keep a house that is completely underwater?
Where is the incentive when you see banks bailed out by the Goverment for their mistakes and yet. .  they continue to give themselves bonuses and use that money NOT TO HELP HOMEOWNERS but to acquire other smaller banks to get bigger.
I do predict that 2010 will be the year of the strategic default. . 
 
 
Via … (2 comments)

Strategic Default? - 01/09/10 04:20 AM
 
Short Sale Maryland
Is 2010 the year of the strategic default?
Are short sales the solution?
If you take away the incentive to homeownership for equity growth. . .are peorple willing to sacrifice working two jobs just to keep a house that is completely underwater?
Where is the incentive when you see banks bailed out by the Goverment for their mistakes and yet. .  they continue to give themselves bonuses and use that money NOT TO HELP HOMEOWNERS but to acquire other smaller banks to get bigger.
I do predict that 2010 will be the year of the strategic default. . 
 
 
Via Andrew Monaghan CRS, GRI, EPro Associate Broker (Keller Williams Professional Partners):
I have … (4 comments)

Rockville MD Condos For Sale 20852 - Real Estate Market Report for 10101 Grosvenor and all Condos near the Grosvenor Metro in Rockville Maryland Montgomery County - 01/08/10 06:52 AM
Condos For Sale in 10101 Grosvenor in Rockville Maryland  20852
Condos For Sale in 10101 Grosvenor in Rockville Maryland 20852
… (1 comments)

Rockville MD Homes For Sale 20850 - Real Estate Market Report for Fallsgrove Rockville MD Montgomery County - 01/08/10 06:45 AM


Fallsgrove Rockville 
Homes For Sale in Rockville MD 20850 

Homes For Sale in Rockville MD 20850      FALLSGROVe Rockville  Market Report plus ALL Homes For Sale in:  
Just a drive by Fallsgrove in September and you will soon fid out why this is such 
a great place to live. . .The changing colors of Fall are on the air. . .                         Rockville Maryland 20850                                              
Market … (0 comments)

Short Sales DO NOT Require a Delinquent Mortgage – “Eminent Danger of Default” - 01/08/10 05:38 AM
 
Short Sales Maryland
Can you be up to date on your mortgage and still consider a short sale? 
The ultimate factor becomes very apparent. . .if you are up to date on your mortgage payments. . are you really in a hardship?
Many banks push you into default so you can be considered for a loan modification or a short sale. . .but the end result is not a guarantee.
Charles brings very good information about these points. . 
 
Via Charles Dailey (iLoan):
Clearly, many if not most short sales involve a loan presently in default. As well, many times a short sale might … (1 comments)

Short Sales Specialist Maryland - Virginia - 01/07/10 07:50 AM

 Short Sales Process in Maryland Where should you start . . ? The good news today about short sales is the increasing amount of  short sales that are closing. The banks have finally realized the tremendous help to their books when they approve of a short sale instead of ordering a foreclosure.With an increasing number of homeowners in the "denial state" this couldn't come at a better time.The worst thing a homeowner can do is to spend every last penny of their life savings . .including their 401k's to save the Titanic form sinking.When the emotional part goes away and reality strikes them directly betwen … (1 comments)

Gaithersburg MD Homes For Sale 20878 - Kentlands Condos Gaithersburg - 01/07/10 07:41 AM
Homes For Sale in Kentlands Gaithersburg  Maryland 20878
Homes For Sale in Kentlands Gaithersburg  Maryland 20878
… (0 comments)

Rockville MD Homes For Sale 20850 - Real Estate Market Report for King Farm in Rockville MD Montgomery County - 01/07/10 07:33 AM
Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale
Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale  Featured Neighborhood (s) Market Stats  All Homes For Sale available in King Farm Neighborhoods Rockville Maryland 20850 Market Report for all Homes For Sale in KING FARM  in  Rockville  Maryland 20850  King Farm  King Farm Bailey  King Farm Village  King Farm Watkins Pond  King Farm Irvington  King Farm ALL FORECLOSURES  King Farm ALL SHORT SALE  King Farm ALL REO's   This  market report below  was created on 1/07/2010  This includes all Active Homes  including SHORT SALES and FORECLOSURES.  I'm including all of the homes, townhouses and condos that are under … (0 comments)

Clarksburg Village MD Homes For Sale 20871 - Real Estate Market Report for Clarksburg's Newest Neighborhoods in Montgomery County - 01/07/10 07:29 AM
Clarksburg Village Homes For Sale in Clarksburg MD 20871  
 
Homes For Sale in Clarksburg MD 20871 Clarksburg Highlands, Clarksburg Town Center, Clarksburg Village, Clarksburg Ridge, Clarksburg Outside - ALL Neighborhood Market Stats for w/ All Homes For Sale  in Clarksburg Maryland 20871
Market Report for all Homes For Sale in Maryland  20871 for. . .  Clarksburg Highlands Clarksburg Town Center Clarksburg Village Clarksburg Ridge Clarksburg Outside  HELP HERE This market report is for the first week in 2010 I'm including all of the homes that are under contract.   Note: Clarksburg Village Neighborhoods has currently 42 Active Listings and 28 … (0 comments)

Buying A Short Sale Or A Foreclosure | Buyers Should Consider The Advantages and Disadvantages - 01/06/10 07:06 AM
 
Short Sales Foreclosures Maryland 
An excellent post outlining the differences of buying a short sale or a foreclosure.
In the Maryland and Northern Virginia area, Foreclosures attract a lot of competition resulting in multiple offer situations. 
In Short Sales you have less competition but you have to understand that it could take longer to process. 
Is up to the buyers needs and requirements.
 
Via John Jones (Keller Williams Elite, Dallas/Park Cities):
In today's market, almost half of the homes listed for sale are distressed sales - meaning they are either short sales or foreclosures.  The percentage varies depending on the city and region, but foreclosures and … (3 comments)

Condos For Sale in Bethesda Maryland 20814 - All Condos Near the Metro - Featuring The Promenade Towers, The Chase at Bethesda, The Kenwood and The Christopher - 01/05/10 05:56 AM

Condos For Sale Bethesda MD 20814 CONDOS near theMetro 
Including Promenade Towers
             Condos For Sale Bethesda MD 20814        Condos in Bethesda BEST LOCATIONS! Maryland The Promenade Towers, The Christopher, The Chase at Bethesda  and The Kentwood in BETHESDA Maryland Weekly Stats FOR ALL THESE CONDOS near the Metro in                                          BETHESDA Maryland 20814 Market Report for all the CONDOS  For Sale in                                BETHESDA  Maryland                 … (1 comments)

How will a Short Sale affect my credit? - 01/05/10 05:42 AM
Short Sales In Maryland How will a Short Sale affect my credit?
 

How will a Short Sale affect my credit? Some of the reasons your credit can be affected doing a short sale is because the late payments, (during the short sale negotiation process) You need to weigh out this information and how it could affect you to come to an informed decision.
When a short sale is reported by your lender, it typically is recorded as a “satisfied” debt instead of a “paid in full” debt on your credit report.
Understanding that when you go to purchase another property, it is … (2 comments)

Can I Just Short Sale My Home To My Brother and Rent it Until I Can Afford it Again ? - 01/04/10 05:40 AM

Can I Just Short Sale My Home To My Brother and Rent it Until I Can Afford it Again ?
 
What is the Real  Reason For an Arms-Length Affidavit on a Short Sale? You will have to sign one when you sell your home as a short sale. . 
An arms-length affidavit is a document created by a short sale bank in an attempt to prevent sellers from selling to a relative and to curb mortgage fraud. 
The reason the bank does not want a seller to transfer title to a relative in a short sale is because … (0 comments)

Should I do a Loan Modification or a Short Sale? - 01/04/10 05:39 AM

Should I do a Loan Modification or a Short Sale?

 
This will depend on your particular situation. In general, we advice all our customers at first contact to be absolutely sure a loan modification will not help them. 
You will need to look at:
 
Your financial situation
The willingness of the bank
Your desire to keep your home           

Most banks will not open two files at the same time. You will need to decide in advance whether you want to pursue a loan modification or a short sale. You … (0 comments)

How much will a short sale cost me after all? - 01/04/10 05:38 AM

How much will a short sale 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. 
If we get it approved and closed. . we get paid by the … (0 comments)

Am I too late for a short sale? I just got a notice of default from the bank - 01/04/10 05:36 AM

Am I too late for a short sale? I just got a notice of default from the bank. . .  


Time is not on your side. . .you should act fast.
With most lending institutions, you can begin the short sale process as late as a week or two before the scheduled foreclosure date but it will depend on your particular situation.
When I list a home as a short sale, I immediately  contact the bank on your behalf and try to convince them to wait for us. . since a short sale will probably bring them more … (0 comments)

What's the Difference between Short Sale and Foreclosure? - 01/04/10 05:34 AM

What's the Difference between Short Sale and Foreclosure?  

A short sale is a discounted payoff meaning that the existing lender of the property being sold is accepting less than the total amount of mortgage due. A Foreclosure is a situation in which a homeowner is unable to make principal and/or interest payments on his or her mortgage, so the lender, be it a bank or credit union , can seize and sell the property as stipulated in the terms of the mortgage contract.
In a short sale you can be back on your feet in two years. . … (0 comments)

Should we stop making our mortgage payments while our home is on the market as a short sale? - 01/04/10 05:32 AM

Should we stop making our mortgage payments while our home is on the market as a short sale?  
 

 
A question I hear very often being asked frequently by homeowners. . 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. . if you CAN MAKE your mortgage payments, maybe you are not in a hardship … (0 comments)

 
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