Short sales information for Maryland
A lot of Maryland homeowners are asking for help these days. .
What to do?
Suddenly their most valuable assets have become obsolete
Meaning. .
They owe more to the bank than what their homes are worth
People are asking :
"Is there any type of loan program available to refinance an upside down
home loan mortgage? I owe more than my house is worth and need mortgage help!!"
Typically your local lender or loan officer would not be able to help you here. . .
but contacting directly your lender is a better approach.
You don't have to pay money for this. .and you most certainly can do a better job.
your house is on the line!
Just call your mortgage lender and be honest with them and seek for their help
They will advice you then what would be your next course of action.
Government programs are available w/ loan modifications that you maybe able to qualify
The worse thing you can do is to spend your life savings on a sinking ship. .
you will end up with nothing at the end.
Don't ignore the problem. . take the bull by the horns and get the help you need now!
Our market report for SHORT SALES sold in Montgomery County is below:
SHORT SALES SOLD in MONTGOMERY COUNTY in 2009
Short Sales SOLD so far in OCT. 2009 : 12
Short Sales SOLD in SEPTEMBER 2009 : 108
SHORT SALES SOLD in AUGUST 2009 : 105
SHORT SALES SOLD in JULY 2009 : 111
SHORT SALES SOLD in JUNE 2009 : 123
SHORT SALES SOLD in MAY 2009 : 92
MOCO SHORT SALES SOLD so far in 2009 : 653
That is 653 foreclosures averted in Montgomery County so far this year
Short sales help Maryland
;)
;)
Indeed getting short sales done and out of the foreclosure market is a good thing. I have seen a big improvement in the bank's response times, but it still needs to get better. Maybe a better educated and more aggressive selling agent is the solution. I have also seen selling agents flounder for lack of knowledge or aggression toward the deal.