foreclosure information: Commonly asked Foreclosure and Short sale Questions part 2 - 03/12/12 09:23 AM
What is a Loan Modification: A loan modification is where the bank modifies your mortgage payment to a lower payment to try to help you continue to stay in the home. Most loan modifications are temporary but there are some that are offered for the life of your loan. If you are in need of a loan modification a good place to start is to speak with a qualified HUD counselor to have them help determine what you may be eligible for. Please note to get a loan modification in most circumstances, you have to be employed.
What exactly is a … (1 comments)

foreclosure information: Commonly Asked Foreclosure Questions Part 1: - 03/05/12 10:07 AM
Since I get so many inquiries from consumers asking generally the same questions as it relates to foreclosures and short sales I have decided to do a blog series where I will post two questions every few days. See below the first two questions to start the series:Commonly asked Foreclosure QuestionsWhat takes place if I miss my mortgage payments or I am behind on my mortgage payments?Foreclosure can occur, but it does not have to and can certainly be avoided. You can take action to stop foreclosure, even if foreclosure has been filled against you. You now have more options than ever to prevent … (4 comments)

foreclosure information: Free Foreclosure Prevention Seminar Next Week! - 06/08/11 10:42 AM

Event Details:Free Public Seminar for Homeowners Facing ForeclosureHosted by Long and Foster Real EstateThursday, June 16th, at 5:30pmLong and Foster Office1315 Mt. Hermon Rd.Salisbury, MD 21804Registration Phone Number: 410-546-3211Over 11 million people nationwide are currently facing foreclosure. Millions of families have lost their homes in the last several years and over 70% of them did not know they had options to avoid foreclosure. Here, in Salisbury, we're experiencing foreclosures at a rate higher than the national average. Now more than ever in the history of our nation there are options for homeowners to avoid foreclosure.Wicomico County has been hit with … (0 comments)

foreclosure information: Updated Maryland Foreclosure Timeline - 05/17/11 06:52 AM
Updated Maryland Foreclosure Timeline
Tuesday, May 17, 2011
Just for everyone's reference here is the updated Maryland foreclosure timeline breakdown straight from the state.A. The process leading up to foreclosure begins when you receive a "Notice of Intent to Foreclose" in the mail. You are not yet in foreclosure at this point but you should act immediately! Complete the packet you receive in the mail and return it in the envelope that was included.45 days after you get the Notice of Intent to Foreclose in the mail, a foreclosure may be filed in Court. When a foreclosure is filed against … (0 comments)

foreclosure information: Short Sale and Bankrupcty - 10/13/10 09:18 AM
As a lot of you may know as agents, short sales can have a lot of red flags or road blocks. With my experience in short sales and through my teaching and training I try to alleviate agents from my experiences to not have to hit these road blocks. Recently I have been getting a lot of phone calls and emails about bankruptcy and how it relates to short sales. Now I am not a financial advisor or attorney, I don't play one on TV, and I didn't stay at a holiday inn express last night! I work with a team … (0 comments)

foreclosure information: Changes in Short sales Consumers and Agents may not be Aware of. - 09/01/10 03:29 AM
I have recently run into several sellers recently all over the eastern shore of Maryland, Delaware and Virginia that have told me they didn't know that a short sale was an option for them. They thought they wouldn't qualify, or they would be denied for whatever reason. I found this to be quite astounding as now lenders are sending "short sale" letters out, and short sales are in  media tv, newspaper etc.. I was starting to think that the short sale was becoming a house hold name for the consumer. The reality is that it really isn't. Most sellers if they … (0 comments)

foreclosure information: Tax Consequences of Selling Real Estate in a Short Sale - 07/10/10 06:02 AM
At my seminars in through emails, and daily conversations, I am being frequently asked on how taxes relate to short sales. Seeing as I am not a tax accountant, I don't give tax advice; I always send my potential short sale canidates to a versed short sale accountant, as you should also. To help every one out there I had my accountant just right a very breif explantion of how taxes relate to short sales. Granted it goes deeper than this, this is just the basics, as we will go into more complex situations in the next artilce post.
Tax Consequences … (0 comments)

foreclosure information: Get REO listings from your local bank!!! - 03/15/10 08:02 AM
A lot of agents ask me all the time what is the easiest way to get REO listings in your area? The answer is simple; from your local bank? How do you do this? Well a couple of different ways, I'd like to tell you about things that I have done that made me successful with local banks in my area.
Become a customer
Sounds simple right? Well it is, but you would be surprised how many times agents tell me they tried to get in at a specific bank and were not even a customer. If you are not a … (0 comments)

foreclosure information: What do I do if I’m facing foreclosure? - 03/03/10 08:44 AM
What do I do if I'm facing foreclosure?
In today's current real estate market, it's an unfortunate reality that many sellers are at risk of facing a potential foreclosure. The good news is there are several options available to help avoid the pain and hassle of a foreclosure.A foreclosure does not benefit the consumer or bank, and should be avoided at all costs. Please keep in mind that if your property does go into foreclosure you are liable for the difference of what is owed on the property versus what is sells for. (For example if you owe $200,000 on the … (0 comments)

foreclosure information: Short Sale negotiation companies… BEWARE! - 02/12/10 03:44 AM
I wanted to share several recent experiences I have had with not only my fellow agents, but also with consumers out there who are involved in short sales. I have come across more than a few companies that claim to be “experts” in short sale negotiations, only to find that not only is the information they provide not accurate, but sometimes they are just out-and-out scams. Most are newly formed companies, with no true experts on site. Typically they’re just trying to take advantage of the current market. We are in a time where many people are desperate financially and emotionally, … (2 comments)

foreclosure information: SHORT SALES: GET YOUR SELLERS REALEASED FROM DEFICINCIES. - 02/09/10 06:51 AM
There has been a lot of controversy recently (and even a CNN news story) about sellers not being fully released when they sell their property through short sale. I think, for the most part, a majority of the information that I have read has been accurate, but there is a major glaring issue that no article or blog has touched on. As agents we can get our sellers released from deficiencies!   This is all part of the negotiation, and I think there is a huge lack of education when it comes to this subject.
First off, in some states (depending on … (1 comments)

foreclosure information: The commercial real estate dilemma - 02/09/10 06:40 AM
The commercial real estate dilemma
Here is an article I came across and thought was interesting, something I have been saying for a while, commercial was the next to feel the recession. I have been seeing commercial deal after commercial deal prices get lower and lower and seen vacancies last longer and longer. I was just teaching a short sale seminar last month in West Palm and saw more vacancies than I could count in downtown West Palm. Where I'm located in Maryland prices have just started to trickle down in values and on lease rates. I think unfortunately we haven't … (0 comments)

foreclosure information: GET BANK LISTINGS AND GET PAID TO DO CMA'S!!!! - 01/23/10 06:54 AM
In today's real estate market foreclosures are a huge part of our market. This is an area of real estate as an agent that can be very hard to get into. Agents who do foreclosures very rarely reveal how to get into getting listings from banks. Well I'm here to tell you that you can start making extra income today, and start on the path to get banks listings!
To get national banks listings you first have to do BPO's(broker price opinions) which is very similar to a CMA. You get paid anywhere from $50-200 per BPO, and the more BPO's … (3 comments)

foreclosure information: Owner's Title Insurance a Necessity in today's market. - 12/22/09 10:28 AM
Owner's Title Insurance a Necessity

If you're not telling your clients to get owner's title insurance on purchases-especially foreclosures-you're not doing your job.
In today's market, foreclosures are very prominent-and they come with a lot of potential issues. Owner's title insurance is a onetime expense that can cover any title issue that may arise for the lifetime of the property. Just one title lien/cloud or issue can be a five to six figure headache! If you think about it that way, you're getting a great return on your money.
We all know lenders are covered in … (2 comments)

foreclosure information: What is a short sale/consumer general short sale information. - 12/08/09 12:47 PM
What is a short sale?
It's likely you've heard the term "short sale" thrown around quite a bit. But what, exactly, is a short sale?
With having completed over 200 successful short sales, let me give you so good general information.
A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market, has this process become a part of the … (0 comments)

Brandon Brittingham (

Brandon Brittingham

Salisbury, MD

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Address: Salisbury, MD, 21804

Office: (410) 546-3211

Mobile: (443) 783-3928

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