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:
| The "Issue" | Foreclosure | Short Sale |
| Facing "The Deficiency Judgment " |
A deficiency judgment is the difference of what the property sells for (plus expenses) and what you signed in the original loan. The bank has the right to pursue a deficiency judgment against you |
In a successfully short sale negotiation , a deficiency judgment can be removed when the Lender approves the short sale. |
Tip: In Maryland, a lender has up to three (3) years to pursue a deficiency judgment against the homeowner.
Short Sales: To read the complete series " Short Sales vs Foreclosure" ← click here
To find out more if a short sale is an option for you:
(Click on the Image to Read our Ebook )
"Is a Short Sale an Option for You?"
Short Sales vs Foreclosure
"Need immediate help? call 240-426-5754"
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What is the difference between a short sale and a foreclosure?
In a short sale, you sell your home
In a foreclosure. . you lose it
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Short Sales Maryland / Virginia Realtors Experience doing short sales and helping to solve the Foreclosure Crisis one client at a time
Real Estate by Hrboso & Associates
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