short sale realtor: Short Sales vs Foreclosure Maryland: Your Security Clearance
- 05/02/10 01:43 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: Many people think that they can go to a company or agency and apply for their own security clearance. This is far from the truth. Only the federal government can grant someone a security clearance, and to get one the applicant must work for a government agency or contractor and conduct business that justifies granting him or her access to highly sensitive information. … (0 comments)
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short sale realtor: Short Sales vs Foreclosure Maryland: Your Credit Score at Risk
- 04/30/10 02:17 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: 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. Short Sales: To … (0 comments)
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short sale realtor: Short Sales vs Foreclosure Maryland: Your Deficiency Judgment and HAFA
- 04/30/10 02:16 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: HAFA is a Government program that wants to standardize short sales. Under this program, the homeowner receives $3,000 for relocations costs and the lender promises not to seek a deficiency judgment against the homeowner. To find out more about the HAFA PROGRAM GO HERE
Short Sales : See the complete series of issues "Short Sales vs Foreclosure" ← here To find out more if a short sale is an option … (0 comments)
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short sale realtor: 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 realtor: Short Sale Opportunity in Silver Spring Maryland 13100 VENETIAN ROAD SILVER SPRING, MARYLAND 20904
- 04/26/10 10:54 PM
Short Sale Opportunity in Silver Spring Maryland 13100 VENETIAN ROADSILVER SPRING, MARYLAND 20904Bedrooms: 6 Bathrooms: 3 Partial Baths: 1 Listing Price: $539,900 ( Back to Property Back to Results ) HUGE GORGEOUS AND VERY SPACIOUS HOME W/ 6-BDRMS, 3.5BATHS*OVER 5,300 SQ FEET* OWNER'S SUITE WITH SUPER BATH&SITTING AREA*HUGE COUNTRY KIT W/CENTER ISLAND*LR&DR W/HWD FLOORS*2-FAMILY ROOMS W/2-BRICK FP*LARGE 2-LEVEL DECK**FINISHED BASEMENT W/1-BEDROOMS,FAMILY RM,FULL-BATH,2-CAR GAR. EXCELLENT OPPORTUNITY FOR THE BEST BUY IN THE AREA Acres: 0.210239Area: City Name: SILVER SPRINGCounty Name: MONTGOMERYNeighborhood: Schools: State: MARYLANDSub Area: Subdivision: BUCKLEY DOWNSType: DetachedZip: 20904Bathrooms: 3Bedrooms: 6Partial Baths: 1Square Ft: Additional Features: Attic: YesBasement: YBasement Type: Fully Finished,Walkout LevelCooling: Central A/CCooling Fuel: ElectricExterior: Brick and SidingFarm: NFireplaces: 1Garage: … (2 comments)
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short sale realtor: SHORT SALES HELP : HAFA PROGRAM EXPLAINED
- 04/11/10 02:07 AM
Home Affordable Foreclosure Alternative ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS. " "READ ALL ABOUT THE HAFA PROGRAM HERE" What is HAFA? How much HAFA costs me? How Do I Qualify for the HAFA Program? Things To Avoid When Doing HAFA HAFA and the deficiency judgment for the homeowner List of Lenders participating in HAFA, . . .is yours here? HAFA is for YOU . . .if you are losing your home One of the BIGGEST misconceptions about the HAFA PROGRAM Can you use HAFA for a strategic default because your home's value dropped? HAFA … (3 comments)
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short sale realtor: SHORT SALES WITH HAFA: PARTICIPATING LENDERS
- 04/10/10 12:05 AM
SHORT SALES WITH HAFA: PARTICIPATING LENDERS 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.
Participating Lenders that have already agree. . This is a partial list, please call me for the latest list since this is a new program. . most major banks are embracing HAFA
Aurora Loan Services, LLC Bank of America, NA Chase Home Finance, … (6 comments)
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short sale realtor: A DIGNIFIED EXIT WITH THE (HAFA) PROGRAM ?
- 04/06/10 10:19 PM
A DIGNIFIED EXIT WITH THE (HAFA) PROGRAM ? HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM HAS BEEN IMPLEMENTED TO ASSIST HOMEOWNERS IN DISTRESS.What exactly is a dignified exit using the "HAFA" Program ?
{Home Affordable Foreclosure Alternative} This new program that came into effect just 3 days ago will help many homeowners that are currently upside down on their homes.
With HAFA, the bank has to approve not only the individual doing the short sale but the price of the property.
The U.S. Treasury was an instrumental part to enact such a program.. .it will simplify the short sale process. Under the new … (4 comments)
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short sale realtor: Short Sales Becoming an Easier Solution. . . .with HAFA
- 04/05/10 02:56 PM
… (1 comments)
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short sale realtor: Are lenders obligated to cooperate in negotiating a short sale?
- 03/22/10 10:41 PM
If there is a first and second mortgage, are the two lenders obligated to cooperate in negotiating a short sale?
"No lender is obligated to accept a short sale. . .banks do it because they lose more money in a foreclosure.!”Question: If there is a first and second mortgage, are the two lenders obligated to cooperate in negotiating a short sale? Answer: The battle of two lenders sometimes can derail a short sale negotiation Most of the time lenders will cooperate with each other in a short sale if it makes sense to them. A second mortgage is definitely in a disadvantage … (3 comments)
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short sale realtor: The differences of Conventional and FHA type loans for Short Sales
- 03/22/10 10:20 PM
The differences of Conventional and FHA type loans for Short Sales
"FHA: If the homeowner does not occupy the property, no short sale will be approved.!”Question: What are the differences between a Conventional and an FHA loan short sale process? Answer: FHA is definitely the best one of both. .. why? because you know the rules before hand. A conventional loan short sale may have the most flexibility, even if you are an investor your bank may approve a short sale but, an FHA has guidelines that are easy to follow assuring the short sale to be approved if you … (3 comments)
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short sale realtor: My House is Underwater in PG County Maryland- How do I Refinance?
- 03/22/10 02:05 PM
My House is Underwater in PG County Maryland- How do I Refinance?
"It's time to fight. . .your home is on the line”Question: Fernando, my house is underwater and we can't refinance. . what are our options when our house in underwater? Answer: You first option is to call the bank if you feel that you are in some kind of hardship. . . Ideally, you should have at least 20% equity on your home's current appraised value (that is current value and not what your paid for) if you want to refinance. If your property has dropped in value, … (0 comments)
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short sale realtor: The right to short sale is not an entitlement!
- 03/20/10 12:35 AM
The right to short sale is not an entitlement!
"The right to short sale is not an entitlement!”There is no automatic right to short sale A lot of homeowners have the wrong impression. . doing a short sale is a right or an entitlement that has been fueled by Government assistance to the banks. Banks or creditors are not obligated to accept or allow a short sale for your property unless. . YOU QUALIFY! Some questions and some MISCONCEPTIONS about short sales Will a lender accept a short sale if the client is not behind on their payments? No, I have … (0 comments)
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short sale realtor: Foreclosure Date Set. .Can I Still Do a Short Sale?
- 03/16/10 10:01 PM
Short Sales Maryland:
Fernando:
I heard once the foreclosure is set for a property, there is nothing anyone can do to stop it.
Is it too late for a short sale after a foreclosure date is set?David~
Dear David:
No one can tell you what banks will do as far as stopping the foreclosure date.
All I know is that in the last few months, we've noticed that banks are most willing to stop the foreclosure date if they have a contract on hand.
In general, banks will rather do a short sale than foreclose a property.
We use … (5 comments)
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short sale realtor: SHORT SALE and DIVORCE
- 03/11/10 10:48 PM
SHORT SALE and DIVORCE
What can you do if your love nest needs to be SOLD quickly and you owe more than what the home is worth? Getting out from under your home mortgage is a big deal during a divorce. What was once the home of your dreams for the both of you. . now has become an impediment of major proportions when you decide to split. Do you know that the fact you are getting a divorce. .could be the hardship you need to sell your home as a short sale? A short sale does give you … (6 comments)
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short sale realtor: Mr. President, stop throwing money at the housing industry, that isn’t the problem
- 03/08/10 09:11 PM
There is a disconnect between the Government and homeowners that are underwater in their mortgages.
A solution may not come until the Government realizes that the heart of the problem is the BANKS and not the HOMEOWNERS.
I wish Obama would call me for a Short Sale presentation in the White House.
in 30 minutes. . he would realize their futile attempt in solving this crisis.
We need help in STOPPING FORECLOSURES by using SHORT SALES
ALL WE NEED IS THE BANKS TO COOPERATE
By Todd Clark (Broker/Sales Coach) 503-524-9494
This morning I read a report that the President says the problem with the housing industry is short sales and he wants to fix it. I … (4 comments)
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short sale realtor: How Do We Get your Lender to focus on your file in a Short Sale?
- 03/08/10 01:15 PM
How Do We Get your Lender to focus on your file in a Short Sale?
"Hey!, I need some help in here!” Getting the Lender to focus on your file is an art by itself. . Lenders are completely overwhelmed with short sale and loan modification requests. Lenders are dealing with thousands of foreclosures per day.. . include to this the total number of requests for loan modifications and you get a sense of the attention deficit disorder for lenders Many loss mitigation departments have to deal with more thousands of fax messages a day. Getting the lender to … (3 comments)
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short sale realtor: If You Don't Know How to Cook, Get OUT of the Kitchen!
- 03/04/10 09:42 PM
Short Sales Maryland
If you decide that a short sale is your best option now. .
Please choose the right agent to do this.
It does not cost you more $$ to work with an experienced agent that is CLOSING THEM
Your case should not be a TRAINING VEHICLE for your real estate agent!
EXPERIENCE COUNTS WHEN YOUR NECK IS ON THE LINE
If You Don't Know How to Cook, Get OUT of the Kitchen! You see, right now, there are too many cooks in the kitchen who don't even know how to boil water! Hire a chef or go to … (3 comments)
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short sale realtor: Q & A SHORT SALES in MARYLAND - VIRGINIA
- 03/04/10 12:52 PM
Hi Fernando, I just read your blog on short sales. It's very informative and helpful to individuals who have no knowledge as to how difficult the short sale process really is. Thanks for the great (free) advice! I have a question. Would it be best to rent an unvalued/underwater house (with an option to purchase later on) to prospective tenants or to try to short-sale it? I was recently laid off and am trying to determine what my options are. Thanks. Thanks, Andrea Dear Andrea: There a re many things to be considered before doing a short sale. I need to see the "whole picture" if … (0 comments)
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short sale realtor: Q & A SHORT SALES in MARYLAND
- 03/04/10 12:37 PM
Short Sales Maryland:
Fernando:
I heard somewhere that there are certain banks thatwill always reject low offers on short sales and somethat will always approve a low offer. Do you knowwhich are which, that could help us in determiningwhich to work with. Thanks,Dwight S~
Dear Dwight, no one can tell you what banks will accept until they have an offer in their hands. It is true that some investors have given asset managers a percentage of what they wil accept in a short sale. . but that percentage is a highly guarded secret.
I will be glad to … (1 comments)
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