short sale md: Musings on Highest vs. Best - 02/23/10 10:10 PM
 
An excellent article written by Melissa Zavala exploring the issues of "Highest vs Best" offers for a short sale.
Banks depend on the Realtor getting the offer to advice their clients that someone's highest is not always the best offer .  . .
The quality of the offer should be paramount before making a decision. The quality of the buyer committing  their deposit to stick around until the third party gives approval
Sometimes the highest offer is not really the best offer. . . 
 
Cindy Jones of Woodbridge, Virginia wrote a featured blog post entitled Highest and Best Are Not Synonymous. The title of the post says it … (3 comments)

short sale md: Short Sales "shorties" - Maryland - 02/15/10 09:49 PM
Click-Here … (1 comments)

short sale md: Who wins in a Short Sale? - 02/01/10 11:00 PM
                      Who Wins in a  short sale ? Who wins in a Short Sale? Everyone !  The homeowner avoids their home being taken from them and losing it to a foreclosure The Bank gets to avoid higher than normal loan losses as well as the expenses of taking over a foreclosure. The Buyer gets to purchase a home ata nominal  discount but in better repair than a home that has been foreclosed on. The Neighborhood gets one less foreclosure as a comparable keeping their values a little higher than a foreclosure would The … (4 comments)

short sale md: What qualifies as a hardship in a SHORT SALE? - 02/01/10 01:01 PM
                     What qualifies as a hardship?
There are many reasons and situations which might create a Financial hardship which may be acceptable to a bank when doing a short sale. Here are just a few:
Mortgage rate adjustment Increase in monthly expenses Need to move becuase of your job Reduced Income Unemployment Health issues Separation or Divorce Medical Bills Business Failure Business cutbacks or downsizing Death of a Spouse A valid reason you are unable to make your mortgage payment Essentially, in order to prove a hardship, you must show that there … (3 comments)

short sale md: They pleaded with Bank of America to not foreclose on their home "Nothing Can be Done" - 01/29/10 10:36 PM
 
BANK OF AMERICA DID IT AGAIN. . .
Is it just me. . .or they don't seem to care about their reputation. . 
Their attitude towards short sales has alway been condescending  and degrading despite the efforts that thousands of Realtors took to save people from foreclosure..
Do they even care????. 
 
 
Charlie and Maria Cardoso pleaded with Bank of America to not foreclose on their home in Florida, but the bank said there was nothing that could be done.  So, the bank foreclosed on the property, forced out the tenants, stripped the house, and changed the locks.
There was just one small, little, … (4 comments)

short sale md: Government Help To Save My House in Maryland. . .Do I Qualify? - 01/27/10 11:45 PM

Government Help To Save My House in Maryland. . .Do I Qualify?  

How do I know if I qualify for Goverment Assistance to save my home when I can no longer make my mortgage payments? The short answer is a mortgage modification. This generally occurs when both parties, in this case you, the borrower and lender get together to find a solution for  your problem loan and mutually agree to workout the issues by creating new and better loan terms. 
The hope is that the new improved mortgage will help  the borrower to meet their obligations and avoid foreclosure.
(1 comments)

short sale md: Do I have to pay my back property taxes if I short sale my property? - 01/25/10 01:22 PM
3 Quick Questions About Short Sales. . . Do I have to pay my back property taxes if I short sale?
No, the back taxes will be paid fully by the bank when the house is SOLD and title is transferred on the short sale. 
Who pays my second mortgage in a  short sale? We negotiate the short sale with your second lender as well. They are paid off by a reduced amount during  the sale of your house. We convince the  first lender to agree to pay off the amount that the second lender will agree to take in … (3 comments)

short sale md: How much will a short sale cost me after all? - 01/03/10 09:38 PM

How much will a short sale cost me after all?  

 
It costs you nothing. . .
When I list a home as a short sale, I recognize my clients are in hardship and they need all the help they can get.
Some of them have fallen trap to the loan MORTIFICATION fiasco and paid some lawyer a lot of money for nothing.
When I do a short sale, I tell my clients we are in the same boat. . .no can guarantee you a successful short sale. 
If we get it approved and closed. . we get paid by the … (0 comments)

short sale md: Loan Modifications? . . C'Mom Man! - 12/30/09 09:31 PM
 


I want you to know that you may call me for any reason. And please let me know if a friend, family member or neighbor needs a caring, competent real estate  professional to help in deciding if a SHORT SALE is an option for them . I truly appreciate your friendship and referrals.  My direct number is 240-426-5754  … (2 comments)

short sale md: Is it Immoral, lacking in Integrity to Stop Paying Your Mortgage? - 12/30/09 03:45 AM
 
Short Sales Maryland
A question being asked frequently by homeowners. . 
 Is it Immoral or lacking in integrity to STOP paying your mortgage?
Perhaps it is fair to put the banks under the same fire. . .
 Is it Immoral or lacking in integrity to give loans recklessly and then seek the help from the Government when you are in trouble?
Are Homeowners being judged unjustly under a complete different set of standards?
 
Banks continue to be reckless giving bonuses and throwing parties while getting help from the Obama Administration. .  . .with the pretense that they are supposed to been  working with people to help them … (1 comments)

short sale md: Why are Loan Modifications FAILING? - 12/28/09 08:41 PM
 
Short Sales Maryland
Insane, that is what I called it. . LOAN MODIFICATIONS/MORTIFICATIONS the bank wants to modify your loan but the value of your home has dropped 30, 40 and sometimes even 50%!!!
Where is the incentive?
Where is the beef???
Susan Templeton's post outlines some of the reasons why are LOAN MODS failing in this country.
Where and When does a short sale becomes an option?
 
 
 
Define 'modified'! $111 Billion in your Stimulus funds has gone to the Humongous Banks. Recently the $400 Billion cap was lifted. Our Major Banks now have an open ended blank check to draw upon!
Now get this: The HAMP and MHA guidelines apply … (2 comments)

short sale md: Short Sales And Foreclosures Maryland - Short Sale & Foreclosure Report for Montgomery (MOCO) and Frederick (FRECO) Counties - 12/25/09 11:12 PM



           Short Sales MD and Foreclosures MD
                  Montgomery County - Frederick County                        WEEKLY MARKET REPORT for All:                                                           FORECLOSURES and SHORT SALES
FRECO (Frederick County) and MOCO(Montgomery County) in MD  Foreclosures Report for the last day of the month of NOVEMBER 2009 
Are Loan Modifications the Answer to the Foreclosures Crisis?   One of the … (0 comments)

short sale md: Short Sales MARYLAND REPORT - 12/07/09 12:14 AM
Short Sales MD                    Montgomery County - Frederick County                        WEEKLY MARKET REPORT for All:                                                                            SHORT SALES
FRECO (Frederick County) and MOCO(Montgomery County) in MD  Foreclosures Report for the last day of the month of NOVEMBER 2009


SHORT SALES SOLD in MONTGOMERY COUNTY in 2009               … (3 comments)

short sale md: Montgomery Village Homes For Sale in Maryland 20886 - Real Estate Market Report - 11/27/09 11:22 PM
Homes and Condos For Sale in Montgomery Village Maryland 20886
                            Homes and Condos For Sale in                               Montgomery Village Maryland   Weekly Stats FOR ALL Homes for Sale in Montgomery Village
                            Maryland 20886     
Market Report for all the market activity  for the following neighborhoods in:
Montgomery Village 20886
Apple Ridge,Charlene,Christopher Court,ClubsideFairidge, Fairway Island, Goshen Overlook, Holly Pointe Kingspoint, McKendrie,McRory,Meadowgate,Mills Choice,Nathans Hill,Normandie On … (0 comments)

short sale md: The Difference Between a Short Sale and Foreclosure in Montgomery County PA - 11/23/09 09:58 PM
 
Short Sales Maryland
Many times I get asked.. .what is the difference between a short sales and a foreclosure? 
My short answer is, in a short sale. . you are selling your home, in a foreclosure. ..you are losing your home.
Scott Loper has a few more answers on  the subject. . 

 
What is a Short Sale?
A short sale occurs when the sales price of a property is too low to pay off the mortgage balance(s) and all other necessary selling expenses (closing costs, other liens or judgments, etc). In this case, a lender may agree to accept less … (2 comments)

short sale md: Bank of America Short Sale in 7 days? Could it Be True? - 11/20/09 12:22 AM
 
Short Sales Maryland
Andy Tolbert reported in July 2009 that Bank Of America was rolling out a new program in August that will help them to approve a short sale in SEVEN DAYS???!!
Here it is. .NOVEMBER 2009 and Bank Of America still not able to handle short sales in a timely manner
Bank Of America put one of my clients unnecessarily into foreclosure. His whole family will pay dearly for the next 5 years. . read the whole story here
Just because one person did not make one SIMPLE PHONE CALL !
 
 
I read a really interesting article today in the Washington … (5 comments)

short sale md: "I just can't make my mortgage payments any longer" - Is this you? - 11/14/09 11:12 PM
 
Short Sales Maryland 
Lynn Pineda has put together the steps you should take if you are considering a short sale. 
In general, before considering a short sale, you should exhaust all possibilities of a loan modification.. . a loan modification that makes SENSE.
When this option is out of the window. . a short sale becomes the most sensible solution to your problems 
 
Act now and avoid foreclosure.

Times are really tough.    Unemployment rates have reached double digits.    More and more families are
struggling to make ends meet.    Many of you in Coral Springs and surrounding Broward County cities
need to sell your homes but you owe more than what your … (2 comments)

short sale md: Short Sales And Foreclosures Maryland - Short Sale & Foreclosure Report for Montgomery (MOCO) and Frederick (FRECO) Counties - 11/13/09 09:58 PM
            
Foreclosures MD  MARYLAND REGION Montgomery County - Frederick County             WEEKLY MARKET REPORT for All                                               FORECLOSURES and SHORT SALES
FRECO (Frederick County) and MOCO(Montgomery County) in MD  Foreclosures Report for the month of NOVEMBER 2009 (as of Nov.14th, 2009) -------------------------------

Can't pay for your mortgage?  The Goverment wants to be your landlord. . .and you can stay in your home Qualifying homeowners facing foreclosure will be able to stay in their homes—as … (0 comments)

short sale md: How Can a Short Sale Benefit a Lender? - 11/12/09 09:06 AM
 
Short Sales MD
A lot of times homeowners question why would a lender take a short sale and suffer a loss?
Christine Hynes put a post that explains in detail. .
In Maryland there are more benefits to the lender because of state laws. They (the lenders) are being encouraged to work-out with Maryland Homeowners to avoid a foreclosure
 
 
 
How Can a Short Sale Benefit a Lender?
 
While a short sale can be an effective relief for a homeowner facing foreclosure, it can also benefit lenders. Believe it or not, property foreclosure is not only a hardship for the homeowner, but … (2 comments)

short sale md: Germantown Maryland Homes For Sale 20874 - Real Estate Market Report for Churchill Neighborhoods in Germantown MD Montgomery County - 11/10/09 11:33 PM

Germantown MD homes for sale, 20874 Montgomery County   Germantown MD homes for sale, 20874 homes for sale, Germantown CHURCHILL Neighborhoods Market Stats and                                    All Homes For Sale in:               Germantown Maryland 20874  

 
All Homes For Sale and market report  in CHURCHILL SUBDIVISION   for Germantown MD 20874 Including: Churchill Town Sector  Churchill View  Churchill TWN Sector  plus  all SHORT SALES  all FORECLOSURES  all HUD PROPERTIES   This  market report below on the second week of Nov 2009  … (1 comments)

 
Fernando Herboso - Broker for    Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group -  Broker 301-246-0001) Ambassador large

Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA

Gaithersburg, MD

More about me…

Maxus Realty Group - Broker 301-246-0001

Address: Serving Montgomery, Frederick, PG Counties Maryland PLUS Northern VA, Listing Marketing Expert at your service 30 miles radius from, Gaithersburg , MD, 20878

Office: (301) 246-0001

Mobile: (240) 426-5754

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