short sale expert md: Sold Your Home in a "Short Sale"...Now What?
- 05/06/10 11:54 PM
There is life after selling your home in a short sale. . . Most people that had to endure a short sale will be coming back as homeowners soon. . . and they will be leading the way to bring the housing market back up together.
"Short Sales" have become a common theme to homeowners, and some Realtos, in the real estate industry since the recent mortgage crisis. Many homeowners found their mortgage payments close to double the amount from when they first purchased their home when their interest rates increased because of a particular loan product called the "buy down". When … (4 comments)
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short sale expert md: Batting 1000 With Bank of America HAFA Short Sales in Mountain House, CA
- 05/05/10 11:45 PM
HAFA could be the magic bullet for short sales
"So far so good". (knocking on my wooden desk)
I have two short sale listings with Bank of America in Mountain House, CA. Both of these homeowners have fallen under the new HAFA program released on April 5th, 2010. One of the listings was previously a loan modification that was denied by Bank of America. The other listing is a short sale. Always the optomist, I am expecting these transactions to move along smoothly. When asked before my opinion of the program I have said "Only time will tell...the proof is in the … (4 comments)
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short sale expert md: How long does a typical short sale take in Maryland?
- 05/05/10 04:08 PM
Home Affordable Foreclosure Alternative ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. How long does a short sale takes?? REQUEST A CONSULTATION TO FIND IF HAFA IS FOR YOU HERE Check our virtual tour short sales presentation now!
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short sale expert md: Short Sales vs Foreclosure Maryland: Your Credit Score
- 05/02/10 09:56 PM
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:
Tip: Having housing is a fate everyone eventually faces. You have to pay to live somewhere anyway. Renting temporarily while your credit recuperates is ok. .but for those willing to look into buying their own house in a couple or so years. . the rewards can be significant because you will be buying your new home at more realistic prices and not inflated and puffed up by a greedy lender. To read the … (0 comments)
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short sale expert md: Foreclosure vs Short Sales in Maryland : An Investor's Dilemma
- 05/02/10 09:54 PM
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: Tip:Having a bad investment should not be the end of the world.. .but ignoring the problem and getting stuck with a negative equity month after month can be the kiss of death for many investors. If you qualify with a hardship, you should consider doing a short sale even if you have to pay taxes of the shorted amount. . .it could be end up being considerably less than ignoring the problem and bleeding to death.To read the … (1 comments)
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short sale expert md: Short Sales vs Foreclosure Maryland: Facing The Deficiency Judgment
- 05/01/10 12:26 AM
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:
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" ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓ … (0 comments)
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short sale expert md: SHORT SALES in MARYLAND : Short Sale vs Foreclosure
- 04/30/10 02:13 AM
Short Sales Maryland The Differences are very clear.. .Should you do a short sale or just let them foreclose on your property?Foreclosure vs Short Sale
#1 How will it affect my credit?#2 As an investor. .is a short sale even an option?#3 How will it affect any future applications? #4 What about security clearances. .how can a foreclosure affect this?#5 What do you mean facing the deficiency judgment? #6 What is HAFA and how that changes short sales? To find out more if a short sale is an option for you: (Click on the Image to Read our Ebook )"Is a … (0 comments)
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short sale expert md: Short Sales Maryland - No Hardship. . . NO SHORT SALE!
- 04/26/10 06:58 AM
Short Sales Maryland Why does a Bank deny a Short Sale? Reason #5: No Hardship. . . NO SHORT SALE! The only reason a lender will agree to a short sale is if they determine that you have a qualified hardship. Understanding your financial hardship plays a major role in the lender's determination of whether or not it will accept it or not. Quite simply, lenders will only accept a short sale if the seller is in hardship. Lenders understands now that homeowners may try to use a short sale as a way to get rid of a property simply because … (1 comments)
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short sale expert md: Short Sales Maryland - Short Sale Denied! The Buyer Does Not Qualify
- 04/26/10 06:56 AM
Short Sales Maryland Why does a Bank deny a Short Sale? Reason #4: The Buyer Does Not Qualify Just because you received an offer does not mean the buyer has the financial means to afford a mortgage payment. A buyer's lender will examine the buyer's credit history, employment, debt ratios, and a host of other criteria to determine a borrower's qualifications. Normally a buyer should be pre-approved first before submitting an offer . . in a short sale this step is critical to the short sale package if you want to gain the acceptance of the buyer by the bank. . … (0 comments)
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short sale expert md: Short Sales Maryland - The Offer is Too Low. .. .
- 04/26/10 06:53 AM
Short Sales Maryland Why does a Bank deny a Short Sale? Reason #3: The Offer is too low Short Sale Offer Price is Too Low Banks will normally request an appraisal or some banks may also order a BPO. A BPO (Brokers Price Opinion) is a mini-appraisal that banks use in order to make a decision on a short sale. The BPO or the appraisal will be take in consideration relative to the comparables. In another words: "What has similar properties been selling for in the last 6 months" $$$$$$$$ When your listing agent submits the short sale offer, they should also … (0 comments)
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short sale expert md: Short Sales Maryland - The Hardship Letter
- 04/26/10 06:48 AM
Short Sales Maryland Why does a Bank deny a Short Sale? Reason #2: The Hardship Letter: Regardless of your specific situation, there are a few important guidelines that you should follow if you want to draft a hardship letter that will be taken seriously by your lender: Keep It Short Keep your letter neat, short and to the point. Preferably not to exceed one page. A lonnnngggg hardship letter will water down your point as to why the Lender should approve a short sale. Make It Personal Make sure that you personalize your letter remembering they another human will read … (0 comments)
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short sale expert md: Short Sales Maryland - Why Does a Bank Deny a Short Sale?
- 04/26/10 06:43 AM
Short Sales Maryland Why does a Bank Deny a Short Sale? Reason #1: All The documentation in the short sales package justifies the Bank's action to accept a short sale. If a short sale package is incomplete, it will be set aside and it will not be reviewed. Your Realtor is the person that prepares this package. The package includes many things that are important for the lender and which your Realtor can use to influence whether your short sale package is rejected or accepted. At the very least, you will think that a short sale package should include the … (1 comments)
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short sale expert md: Short Sales Help in Maryland DC and Virginia
- 04/22/10 03:48 AM
Visit us www.Short-Sales-Expert.com www.short-sales-expert.com
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short sale expert md: The Short Sale Option For Maryland DC and Virginia
- 04/16/10 05:29 AM
www.Short -Sales-Expert.com
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short sale expert md: Cuáles son las ventajas de una venta corta (Short Sale) para el propietario?
- 04/15/10 01:55 PM
Cuáles son las ventajas de una venta corta (Short Sale) para el propietario?
La Ayuda De La Venta Corta -
Cuáles son las ventajas de una venta corta (Short Sale) para el propietario?
Una venta corta es recomendado por distintos motivos. Su credito primeramente, comienza a dar el primer paso para la recuperación de su crédito. Es probable que en su reporte credito aparezca en la historia de su cuenta que ud no pago lo que debia al banco pero ya cuando vende la casa y ud no debe mas.. .se reportara como su hipoteca ha sido saldada y pagada 100%
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short sale expert md: Me van a pagar dinero si vendo mi casa como una (Short Sale) venta corta?
- 04/15/10 01:43 PM
Me van a pagar dinero si vendo mi casa como una (Short Sale) venta corta?
La Ayuda De La Venta Corta - Me van a pagar dinero si vendo mi casa como una (Short Sale) venta corta? NO. . Uno de los requerimientos hecho por todos los bancos que aprueban la venta corta es que el prestamista (El dueño de casa) no va a obtener ningún dinero producto de la venta de la propiedad. La casa se vende a perdida por que los precios han bajado. . .El banco pierde dinero y el vendedor (Ud.) se sale de la casa posiblemente … (0 comments)
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short sale expert md: HAFA IS FOR YOU . . if you are losing your house
- 04/09/10 08:55 AM
HAFA IS FOR YOU . . . .(if you are losing your house) HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
HAFA Program to Homeowners: How HAFA Can Help You. . . The Home Affordable Foreclosure Alternatives (HAFA) Program was designed in addition to the the Home Affordable Modification Program (HAMP)
Most homeowners were unable to take advantage of the … (0 comments)
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short sale expert md: COSTS and FEES for the Homeowner (HAFA) PROGRAM . .
- 04/09/10 07:22 AM
COSTS and FEES for the (HAFA) PROGRAM . . HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
Costs and Fees to Participate in the HAFA Program: Homeowners participating in the HAFA program will not be charged any direct costs or administrative processing fees in connection with HAFA. The lender (your mortgage holder) pays all out-of-pocket expenses, including but not limited to notary … (0 comments)
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short sale expert md: MISCONCEPTIONS ABOUT THE (HAFA) PROGRAM . . CASH FOR KEYS?
- 04/07/10 10:48 PM
MISCONCEPTIONS ABOUT THE (HAFA) PROGRAM . . CASH FOR KEYS? HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. Home Affordable Foreclosure Alternative
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
Just because this program pays the homeowner $3,000 relocation expenses at closing does not mean that the HAFA Program is a CASH FOR KEYS directive.
A traditional short sale or a HAFA short sale and Deed in Lieu Of Foreclosure are still the last 2 OPTIONS a … (7 comments)
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short sale expert md: THE (HAFA) PROGRAM IS NOT A TOOL FOR A STRATEGIC DEFAULT
- 04/06/10 10:36 PM
THE (HAFA) PROGRAM IS NOT A TOOL FOR A STRATEGIC DEFAULT HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS.In case you are wondering if you can use the "HAFA" Program for a strategic default on your upside down property ?
{Home Affordable Foreclosure Alternative}
The HAFA Program became effective April 5th 2010, servicers may participate immediately, or as soon as is practical. The primary options available through HAFA include Short Sale and Deed-in-Lieu of Foreclosure.
Looking at homeowners options to sell a home is difficult when their home is worth a lot less than is owed … (5 comments)
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