short sale specialist: Foreclosure vs Short Sales in Maryland : An Investor's Dilemma
- 05/02/10 09:54 PM
Short Sales Maryland The Differences are very clear.. .Should you do a short sale or just let them foreclose on your property?It's your choice: Tip:Having a bad investment should not be the end of the world.. .but ignoring the problem and getting stuck with a negative equity month after month can be the kiss of death for many investors. If you qualify with a hardship, you should consider doing a short sale even if you have to pay taxes of the shorted amount. . .it could be end up being considerably less than ignoring the problem and bleeding to death.To read the … (1 comments)
|
short sale specialist: Short Sales Maryland - No Hardship. . . NO SHORT SALE!
- 04/26/10 06:58 AM
Short Sales Maryland Why does a Bank deny a Short Sale? Reason #5: No Hardship. . . NO SHORT SALE! The only reason a lender will agree to a short sale is if they determine that you have a qualified hardship. Understanding your financial hardship plays a major role in the lender's determination of whether or not it will accept it or not. Quite simply, lenders will only accept a short sale if the seller is in hardship. Lenders understands now that homeowners may try to use a short sale as a way to get rid of a property simply because … (1 comments)
|
short sale specialist: Me van a pagar dinero si vendo mi casa como una (Short Sale) venta corta?
- 04/15/10 01:43 PM
Me van a pagar dinero si vendo mi casa como una (Short Sale) venta corta?
La Ayuda De La Venta Corta - Me van a pagar dinero si vendo mi casa como una (Short Sale) venta corta? NO. . Uno de los requerimientos hecho por todos los bancos que aprueban la venta corta es que el prestamista (El dueño de casa) no va a obtener ningún dinero producto de la venta de la propiedad. La casa se vende a perdida por que los precios han bajado. . .El banco pierde dinero y el vendedor (Ud.) se sale de la casa posiblemente … (0 comments)
|
short sale specialist: SHORT SALES WITH HAFA: THE PROGRAM WILL DENY YOUR APPLICATION IF YOU. . .
- 04/09/10 11:53 PM
SHORT SALES WITH HAFA: THE PROGRAM WILL DENY YOUR APPLICATION IF YOU. . . HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
HAFA Program Denials . . AVOID THIS AT ALL COSTS . . The Home Affordable Foreclosure Alternatives (HAFA) Program was designed for people that request to be included in this program and qualify .
HAFA is … (4 comments)
|
short sale specialist: HAFA IS FOR YOU . . if you are losing your house
- 04/09/10 08:55 AM
HAFA IS FOR YOU . . . .(if you are losing your house) HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
HAFA Program to Homeowners: How HAFA Can Help You. . . The Home Affordable Foreclosure Alternatives (HAFA) Program was designed in addition to the the Home Affordable Modification Program (HAMP)
Most homeowners were unable to take advantage of the … (0 comments)
|
short sale specialist: COSTS and FEES for the Homeowner (HAFA) PROGRAM . .
- 04/09/10 07:22 AM
COSTS and FEES for the (HAFA) PROGRAM . . HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
Costs and Fees to Participate in the HAFA Program: Homeowners participating in the HAFA program will not be charged any direct costs or administrative processing fees in connection with HAFA. The lender (your mortgage holder) pays all out-of-pocket expenses, including but not limited to notary … (0 comments)
|
short sale specialist: MISCONCEPTIONS ABOUT THE (HAFA) PROGRAM . . CASH FOR KEYS?
- 04/07/10 10:48 PM
MISCONCEPTIONS ABOUT THE (HAFA) PROGRAM . . CASH FOR KEYS? HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
Just because this program pays the homeowner $3,000 relocation expenses at closing does not mean that the HAFA Program is a CASH FOR KEYS directive.
A traditional short sale or a HAFA short sale and Deed in Lieu Of Foreclosure are still the last 2 OPTIONS a … (7 comments)
|
short sale specialist: THE (HAFA) PROGRAM IS NOT A TOOL FOR A STRATEGIC DEFAULT
- 04/06/10 10:36 PM
THE (HAFA) PROGRAM IS NOT A TOOL FOR A STRATEGIC DEFAULT HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS.In case you are wondering if you can use the "HAFA" Program for a strategic default on your upside down property ?
{Home Affordable Foreclosure Alternative}
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
Looking at homeowners options to sell a home is difficult when their home is worth a lot less than is owed … (5 comments)
|
short sale specialist: HOW DO I QUALIFY FOR THE NEW (HAFA) PROGRAM in MARYLAND?
- 04/06/10 12:30 AM
HOW DO I QUALIFY FOR THE (HAFA) PROGRAM ? HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. What are the qualifications to get into the "HAFA" Program ?
{Home Affordable Foreclosure Alternative} Qualifying for HAFA? A loan must meet the basic eligibility criteria for HAFA if all of the following conditions should be met:
The property is the borrower’s principal residence. The mortgage loan is a first lien mortgage originated on or before January 1, 2009. The mortgage is delinquent or default is reasonably foreseeable. The current unpaid principal balance is … (5 comments)
|
short sale specialist: HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM
- 04/05/10 02:36 PM
HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM What is "HAFA" Home Affordable Foreclosure Alternative all about?? It is part of the Obama Administration's broad, comprehensive strategy to get the economy and the housing market back on track. It all started with the making "Home Affordable Program" offering options for homeowners in distress. They started with an alternative for refinancing mortgage loans through the Home Affordable Refinance Program (HARP) They also offered through the Home Affordable Modification Program (HAMP) an attempt for loan modification to assist the homeowner trough these troubling times. This program in my … (4 comments)
|
short sale specialist: SHORT SALE and DIVORCE
- 03/11/10 10:48 PM
SHORT SALE and DIVORCE
What can you do if your love nest needs to be SOLD quickly and you owe more than what the home is worth? Getting out from under your home mortgage is a big deal during a divorce. What was once the home of your dreams for the both of you. . now has become an impediment of major proportions when you decide to split. Do you know that the fact you are getting a divorce. .could be the hardship you need to sell your home as a short sale? A short sale does give you … (6 comments)
|
short sale specialist: Complete Short Sale's Guideline . . .considering a short sale?
- 02/22/10 11:04 PM
Complete Short Sale's Guideline . . .considering a short sale?
Fannie Mae provides us with guidelines about short sales in general. This is a must read for anyone contemplating a short sale.” If you are a Realtor, use it for your next client to provide them more information. . . If you are customer. . .call me directly with questions to see if a short sale can be a sensible solution to your problems. _______________________________________________________ Short Sales Guideline - _______________________________________________________ FACT: If you qualify for a short sale, you DO NOT PAY FOR THE SERVICES . .your banks does Make sure … (1 comments)
|
short sale specialist: "Can a short sale still be my option if a foreclosure has taken place?"
- 02/17/10 11:55 PM
"Can a short sale still be my option if a foreclosure has taken place?"
Is a short sale still an option if a foreclosure has taken place?
No, once a foreclosure has taken place, you can not go back and negotiate a short sale with the banks. . it is by all practical purposes a case closed for them and your property more likely has become an REO
You should however realize that a short sale may still be an option . Sometimes even a few hours before the foreclosure takes place. . .several times already we have saved … (2 comments)
|
short sale specialist: Short Sales "shorties" - Maryland
- 02/15/10 09:49 PM
Click-Here … (1 comments)
|
short sale specialist: ¿Qué es una venta corta? (short sale)
- 02/14/10 10:12 PM
¿Qué es una venta corta? (short sale)
¿Qué es una venta corta? Denominado como un short sale.
La venta corta es el proceso a través del cual un propietario de una vivienda puede vender una casa por menos dinero del que le debe al banco por la hipoteca de la propiedad.
Para las personas que no pueden continuar pagando las mensualidades al banco existen otras alternativas diferentes a declararse en bancarrota o ir al FORECLOSURE.
Una de las opciones existentes es llamada “venta corta”. A veces, para evitar el costoso proceso de un forecloure, la institución que … (6 comments)
|
short sale specialist: A Short Sale Negotiation Is Not An Easy Task. . .even for a Congresswoman
- 02/14/10 01:30 AM
A Short Sale Negotiation Is Not An Easy Task. . .even for a Congresswoman
The video below clearly shows the frustration that we endure everyday dealing with banks. The negotiations we do for all our short sales consist of hours and hours on the phone.
We are determined and we are experienced in helping homeowners in distress. . .
Distress or anxiety is caused by the knowledge that your home's value is considerably LESS than what you owe to the bank. Meaning that you will have to bring a lot of CASH to the table if you want … (1 comments)
|
short sale specialist: Low Ball Offers: When a Buyer’s Offer is Too Low in a Short Sale . . .
- 02/08/10 01:35 PM
Low Ball Offers: When a Buyer’s Offer is Too Low in a Short Sale Low Ball Offers: A pitfall for agents doing short sales.
What to do when the Buyer’s offer is too low. . . Many agents get very happy when an offer comes in because their purpose is to submit any offer they can get.
After all, they are required to submit any offer because they are bound by their fiduciary duties. . right?
NO!
The reality is that a short sale is not a permit to give the property away.
Your fiduciary duty is to obtain the … (3 comments)
|
short sale specialist: Government Help To Save My House in Maryland. . .Do I Qualify?
- 01/27/10 11:45 PM
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)
|
short sale specialist: Do I have to pay my back property taxes if I short sale my property?
- 01/25/10 01:22 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 sale specialist: Short Sales and Their Impact On Your Credit Score. . .
- 01/25/10 12:59 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 Maryland The Differences are very clear.. .Should you do a short sale or just let them foreclose on your property?It's your choice: Tip:Having a bad investment should not be the end of the world.. .but ignoring the problem and getting stuck with a negative equity month after month can be the kiss of death for many investors. If you qualify with a hardship, you should consider doing a short sale even if you have to pay taxes of the shorted amount. . .it could be end up being considerably less than ignoring the problem and bleeding to death.To read the … (1 comments)
;)
;)
;)
