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Short Sales Tips for Maryland Homeowners

By Fernando Herboso - Associate Broker MD, & VA

Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

June 10, 2009 11:55 PM

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Short Sales Tips for Maryland

One way to salvage your credit if you are facing foreclosure is through a "short sale."

A Short Sale is simply a sale authorized by your lender that allows you to sell your property while erasing leftover outstanding mortgage debts.

The Short Sale involves selling your house and giving all the proceeds to the lender, even if the sales price is not enough to cover the full amount you owe on the mortgage. The lender will pay for all the "normal" closing costs including Realtor's commissions .

Th most important reason and incentive to do a short sale if you qualify is. .
The Bank(s)forgives the rest of the balance owed, essentially wiping clean your debt.

short sales in maryland dc and virginia Fernando Herboso & Associates are CDPE certfied:

" CERTIFIED DISTRESSED PROPERTY EXPERT"

MORE INFORMATION ABOUT SHORT SALES

eBOOK : Is a Short Sale An Option For Me? Quick guide to find out if you qualify for a short sale inMaryland, DC or Virginia.

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Need immediate help? Call 240.426.5754 right now!

Fernando Herboso
Herboso & Associates

Realtor/Consultants

Key Realty Group LLC

Cell: (240)426-5754
www.ReallyNiceHomes.com

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Eric Villaverde

DoubleTree Home Inspection Services L.L.C. - Phoenix, AZ

Thanks for sharing with us this morning. I am continually learning from others post. Great

Jun 11, 2009 12:22 AM

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