For the month of May 2011, Herboso &; Associates will post one post per day highlighting the reasons why you should do a short sale before you lose your property to a foreclosure.
31 Reasons WHY
YOU SHOULD DO A SHORT SALE BEFORE
ALLOWING A FORECLOSURE IN YOUR PROPERTY
Day #27 --Reason #27
Waking Up From A Nightmare
When you home is worth only $300,000 and you owe $600.000 to the bank. .
THAT IS A Nightmare and the worse of it . . .. its real!
A short sale. . is THE WAKE UP process from this nightmare. . that’s when you are finally out of it!
Waking up from this delusional dream of being a homeowner takes time. .when you are underwater;
I often ask this question. .
“Ask yourself. .
Are you a homeowner or JUST a Mortgage Owner?”
I feel a little blunt and dry today. . for good reason
I just read this report about foreclosures in the country and the cat is out of the bag. .
It will take 3 years to sell and get rid of all the foreclosures in the nation . . .that is how much inventory we have. They failed to mention about THE OTHER FORECLOSURES that will come about in addition to . . .during these 3 years.
You can read the report here
We are here for the long run. .
And the wakeup call for you is realizing that this maybe a normal market for years to come.
The biggest benefit I see based on my observations is your situation will change and you can’t help it being even much better for you.
Take this tenant we just secure a contract for one of our rental listings recently. .
His credit was intact except that he lost his house to a foreclosure.
I asked him. .why did you not try a short sale?
His answer floored me. .” I didn’t think that would help me!”
I’m not the type to say I told you so. .things happen and no reason to make them feel even worse.
What I told him was. .
“Even in a foreclosure . . .you are setting yourself to be in such a great place .. Maybe in a few years after your foreclosure is out of your credit history. .
You may still comeback and buy your old house back at half price”
Stranger things have happened.
Fernando Herboso
Broker - Solutions Finder
"Don't Pray For A Miracle. . .expect it!"
Herboso & Associates llc
Office 240.898.1848
Cell 240.426.5754
Fax 888.913.3535
My real estate knowledge is always up-to-date. For expertise you can depend on, call me when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!
If you live in MD, DC or Virginia, I will be glad to help you personally with a phone call consultation.
Fernando Herboso 240-426-5754
All our services provided by Herboso & Associates to distressed homeowners are free of charge
The Realtor’s Realtor:
The biggest compliment I can have is when colleagues ( other Realtors) call on us to do their OWN short sales. . yes, we helped other Realtors avoid foreclosure as well
- Day #1 Commissions in a short sale. .who pays them?
- Day #2 How does a short sale affects my credit?
- Day #3 What about the deficiency judgment?
- Day #4 No EXPENSES to repair your home before selling!
- Day #5 The HAFA Short Sale Is The Way To GO!
- Day #6 The Relief From Your Lender and IRS
- Day #7 Breaking Out Of A Prison Called Home
- Day #8 The Peace of mind you get after a short sale
- Day #9 Giving Up and Throwing the Towel when a short sale could be your salvation
- Day #10 The Foreclosures that occur because of short sales
- Day #11 It Buys you TIME. . a short sale buys you time
- Day #12 A Short Sale Spells RELIEF. . you can sleep again!
- Day# 13 Avoiding The Dreaded ";F"; word. . .FORECLOSURE
- Day #14 A short sale could save your job if you are a Government employee
- Day #15 Your neighborhood NEEDS YOU. .do a Short Sale!
- Day #16 Do you have a foreclosure on your record? Standard question when applying
- Day #17 Chase Bank will NOT CHASE YOU after a short sale
- Day #18 Avoiding the DOUBLE WHAMMY . .FORECLOSURE AND BANKRUPTCY
- Day #19 It Prevents From Losing The American Dream
- Day #20 You don't face 17 years being with an underwater mortgage
- Day #21 Family first!. .A short sales benefits the quality of your family
- Day #22 The Closure and Satisfaction When You and I close a Short Sale
- Day #23 Avoid Your Lender PHONE CALLS When You Are Behind On Your Mortgage
- Day #24 A short sales benefits the homeowner more than the lender
- Day #25 Short Sales Judgments vs. Foreclosure Judgments
- Day #26 A $3000 gift to you
- Day #27 Are you a homeowner. . . .or just a mortgage owner?
- Day #28 Why Do A Short Sale? . . BECAUSE YOU CAN!
- Day #29 The renting process after a short sale. . .SCARY?
- Day #30 The benefits in choosing the right agent
- Day #31 The Roller Coaster Ride of a Short Sale
Maryland Short Sales Realtor
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