Frederick Short Sales Expert Specialist
FREDERICK MARYLAND SHORT SALES
QUESTIONS AND ANSWERS
Q: Are short sale properties selling for any type of “discount” versus the real market value?
Short sale offers must be in line with current market values to produce net proceeds to the investor more than what they would expect to recover through foreclosure. As a result, approved short sale prices average at or near the actual market value.
Q: Why does the short sale process take so long?
In a traditional short sale, the review process doesn’t begin until an executed purchase contract is received.
Acceptable and complete documentation of the borrower’s financial hardship and financial information must be provided by the seller or agent and reviewed by the bank servicing the loan.
Q: What is a BPO on a short sale?
A BPO is an appraisal/Broker’s Price Opinion must be completed by the lender servicing the loan to determine current value.
The offer acceptance IS DEPENDENT TO the BPO
Please read my eBooks about short sales below. .It will answer many more questions about short sales in general.
An important question:
How much a short sale cost me Fernando ?:
SEE ANSWER HERE
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
What our clients say about us. .
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“Thank you Fernando and Susan (Team Member)for EVERYTHING! We are so relieved to be out of this mess and to be able to start over again.
It really has taken a load off of our minds and knocked down the stress level A LOT! You were both completely on top of your game (and the mountain of paperwork) which made this entire process go so smoothly. I really cannot believe that it's OVER and everything did work out to our advantage. We knew we were taking a gamble with the short-sale, but we really owe our success to you and your team.”
THANK YOU! THANK YOU! THANK YOU!
Amanda & Eric B
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"Herboso & Associates did an excellent job of listing my condo and handling the short-sales process for me. Fernando is extremely knowledgeable and took the time to answer all my questions and concerns. He was efficient and took care of all the negotiating with the lender and the buyer.
California Client, A. Nguyen"
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
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Frederick SHORT SALES
Frederick Short Sales Expert Specialist
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