short sales agent: GUIDELINES FOR LICENSEES IN SHORT-SALE TRANSACTIONS FOR MD HOMEOWNERS - 07/22/13 01:36 AM
GUIDELINES FOR LICENSEES IN SHORT-SALE TRANSACTIONS FOR MARYLAND HOMEOWNERS   Why Do We Use an Attorney. .. To Help Our Short Sales?   The guidelines for Real Estate Agents to follow as of July 1st 2013 is mandated by the Federal Regulation "O" and the Maryland MARS Act specifically address the need to regulate licensees that may be negotiating on your behalf.    Our services are set up for us to become a conduit between you and your lender. When the time comes where conditions are not favorable to our clients, we then contact an attorney that assist us in all … (3 comments)

short sales agent: Embarrassing Story - How My Friend Lost Over $100,000 - 02/15/12 03:03 AM
 
 
 
www.Short-Sales-Expert.com
 
 
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short sales agent: 3 Short Sales Myths DEBUNKED! - 11/26/10 03:48 AM
 




 
(3 comments)

short sales agent: When A Loan Modification Fails. . .The HAFA Program Comes In - 11/26/10 03:40 AM
A Short Sale can be enhanced with the HAFA Program.
What are the qualifications to get into the "HAFA" Program ?
  {Home Affordable Foreclosure Alternative}
Download the:
DEED IN LIEU (DIL) HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM TERMS AND CONDITIONS
 
Home Affordable Foreclosure Alternatives Program – Deed-in-Lieu of Foreclosure
A “deed-in-lieu of foreclosure” is specifically designed to help borrowers who are unable to afford their first mortgage and want to avoid foreclosure. With a DIL, you voluntarily transfer ownership of your home and all real property secured by your mortgage loan (Property) to us to satisfy the total … (1 comments)

short sales agent: 21 Questions to Ask the Short Sale Seller - 11/23/10 10:35 PM
 
Wendy Rulnik's 21 questions to ask a prospective short sale seller.
The most detailed the questionnaire, the best chances you may have in obtaing an approval form your lender.
After answering all these 21 questions, your agent helping you on your short sale can give you a fair assessment how likely is your short sale being approved.
 
  
 
 
Quick!  A potential short sale seller calls you to list his property.  What questions do you ask?  Here are a few to start the conversation....
1.       Who are the mortgage holders on your property?
2.       Approximate balances?
3.       Is your loan VA or FHA/HUD? 
4.       … (8 comments)

short sales agent: The Role Of A Homeowner During A Short Sale - 10/28/10 04:25 AM
Cooperation Cooperation Cooperation. . The number job from a homeowner to their Realtor so they can have the best chance of a  successful short sale
Cooperation Cooperation Cooperation. .
 
Our video presentation today begins with simply just  that,
Cooperation.
For a short sale to have the best possible outcome, a helpful homeowner is needed from the very beginning. .
A short sale is not a typical listing by any means. . when I list a property, I need the homeowner’s help in many ways. . .a Realtor alone will not be able to complete a short sale without a homeowner’s … (1 comments)

short sales agent: “Can I Take The Refrigerator and the Oven When Doing a Short Sale?" - 10/26/10 09:24 AM
 
 
Short Sales Question
“Can I Take The Refrigerator and the Oven When Doing a Short Sale?"
BEING FAIR IS A GOOD POLICY
Please understand that my  advice  can not replace the proper guidance of an attorney and/or an accountant.
We assist qualified homeowners with under-water mortgages and we can provide solutions when they are in distress. I truly appreciate your consideration and I hope our videos in our website can  assist you in making a decision.

  REQUEST A CONSULTATION TO FIND IF THE HAFA PROGRAM IS FOR YOU! We are licensed for Maryland, DC and Virginia … (1 comments)

short sales agent: Need Help? I Can Give It To You. . - 10/14/10 07:26 AM
Normally, I received several calls every week from desperate homeowners. .
This call was normal one  for me.. except
She stated that her "house was already foreclosed" (no short sale here. .too late)
She needed direction, when to move? what 's going to happen to her family?
How long she had. . 
She was asking many questions at once. . 
Her tone was desperate. . 
Normally, I would thank for calling and after I find there is nothing I can do because her home was already foreclosed, I would say politely good bye. .
 
Not, this time . .
30 minutes later I … (3 comments)

short sales agent: Short Sales Maryland: "Help My House is Being Foreclosed in 4 Days!" - 09/29/10 10:35 AM
Short Sales in Maryland:
I had a phone call from a frantic homeowner. His Maryland house is being foreclosed in 4 days. . and  he wanted to find out how to stay in his property?
After a few questions, I found out that he was denied a  loan modification application because he did not qualify with his income. .
Anyway, check this video I just posted how I responded to this question. .
 
 
Check to see how some people are saying ADIOS to their LENDERS by going to: 
www.AdiosLender.com  
Short Sales Maryland
Technorati Tags: short … (3 comments)

short sales agent: The Short Sale Decision Map - 09/05/10 01:52 AM

 
To see if a short sale could help you . . head this way
(7 comments)

short sales agent: What is an “Arms Length Transaction” in a Short Sale for Maryland? - 09/01/10 07:09 AM
Short Sales Maryland
  Short Sales Information for
Maryland Homeowners
 
 What is an “Arms Length Transaction” in a Short Sale?
(***hint***~ It will keep you from going to jail. .must see video)

An “Arms Length Transaction” deals in preventing Mortgage Fraud when it comes to short sales.
Mortgage fraud is under the jurisdiction of the FBI and it is punishable by jail.
When doing a short sales, you should be asking the right questions and not expose yourself to a future accusation of a mortgage fraud

More Information About Short Sales:
just click on … (2 comments)

short sales agent: Short Sales 101 – Introduction - 08/31/10 12:41 AM
 
The question I get to hear most often is:
What exactly is a short sale when it comes to real estate?
This informative post gives us a great history as to why short sales has become a part of us now.

 

Regardless of the reasons used to explain the current mortgage crisis in the United States, the grim reality is that more homeowners are in financial distress than at any other time in the history of residential real estate, according to the Distressed Property Institute. 
Hence, real estate Short Sales.  If you're not yet familiar with them, … (2 comments)

short sales agent: Caution: Moving Out Of Your Home In a Short Sale May Cost You Tens Of Thousands Of Dollars - 08/26/10 11:56 PM
 
In a short sale, it is important that you have chosen an experienced negotiator that can advise properly.
A bad move could sabotage your intended cause.
 
This is a little known fact and an alarming truth. There is a natural tendency to flee the house ahead of the foreclosure storm. However, vacating the house may invalidate the seller’s eligibility to have the shortfall on their debt wiped out forever.
OK, so what does that mean?
Step by step:
A short sale happens when the lender allows the seller to sell the house for an amount short of the amount owed. The difference between the total … (4 comments)

short sales agent: Why a Strategic Short Sale May Make Sense. - 08/16/10 11:44 PM
 
An Strategic Default is a business decision not governed by moral obligations.
That is why businesses everyday make tough decisions to survive and weight the consequences of what the future holds.
Meanwhile, uniformed homeowners with a self imposed moral obligation take the emotional road ahead. . 
An emotional road that literally obliterates any hope for a nest in their retirements. . 
Go figure. .
Check this example from a Florida Broker that puts it in plain English. .
Your mortgage is underwater and there is something you can do about it!
 

Hi folks. Let's talk about this Strategic Short Sale thing a little. I know there are … (2 comments)

short sales agent: A Step You Must Take If You Want To Be Considered Under The HAFA Program-SHORT SALES - 08/07/10 01:17 AM
Short Sales MD

A Step You Must Take If You Want To Be Considered Under HAFA
You must make an attempt for loan modification under the HAMP Program
To qualify in principle for HAMP aid, you must meet the following minimum criteria as prescribed by the Federal Treasury:
Your loan must date back to 1 January 2001 at least You must be living permanently in the house You must be able to prove your household’s total income The balance on your mortgage must be under $729,500 You also need to provide to show that you are experiencing genuine financial hardship. … (7 comments)

short sales agent: A New Option For Upside Down Mortgages. . Introducing Deed-For-Lease-Program from Fannie Mae - 08/03/10 04:22 AM

Homeowners had only 3 options when they can no longer afford to pay for your mortgage  
A Short Sale A Deed-in-Lieu-of-Foreclosure Foreclosure  
Fannie Mae has come up with a 4th option to help homeowners: Introducing Deed-For-Lease-Program from Fannie Mae
A new program that allows you to temporarily lease your home. You first transfer the ownership of your home to the mortgage company (called a Deed-in-Lieu of Foreclosure, see below) in exchange through foreclosure. . .READ THE REST HERE  
 
 
 
Technorati Tags: short sales maryland short sale MD,md realtor short sales,short sales annandale … (2 comments)

short sales agent: Hardship Letter SAMPLE for a Short Sale Application. . .MAKE IT COUNT! - 06/29/10 12:46 AM
 

Hardship Letter SAMPLE for a Short Sale Application
The following is another example of a hardship letter correctly written by a homeowner. A Hardship letter is something lenders will require to consider you for a short sale. This is your opportunity to bring your case to them. . why are you in a hardship? . . .you only have one chance. . make it count! Your hardship letter should not be used to complain to what they have done or not done to make your situation worse. This letter must be honest and represent the facts clearly and … (1 comments)

short sales agent: Obama Plan Has Not Helped As Many As Hoped - 06/21/10 11:27 PM
 

This is not a surprise. . .Obama's plan is exactly the same plan used five years ago to get homeowners into trouble. . is called :
Zero Dow-payment, Negative amortization loan. 
The bait is the monthly payment. . 
The trap is an upside down home for 15 years!
The illusion is that you are a homeowner
The reality is that you are in prison on your own home. .. .you can't sell it because you do not have the cash
 
. . ..short sale it and just go on!
 
 

(3 comments)

short sales agent: WACHOVIA Loan Modification Denied. . Now What? WACHOVIA SHORT SALES IN MARYLAND - 05/25/10 01:40 AM

WACHOVIA  Loan Modification Denied. . Now What?
After waiting and waiting they told you. . NO DEAL?   One of the main reasons why Wachovia may deny your loan modification application is simply because you can not afford to live in your current place. Your income is simply not sufficient. You should know that homeowners must meet certain basic qualifications to be eligible for a modification under the Wachovia Program. You must pass their guidelines and the most important one is the 31 percent test. If the  the mortgage payments are  31 percent of the homeowner’s monthly income, then you … (0 comments)

short sales agent: MARYLAND SHORT SALES: New HAFA Program Supporting Documentation DEED IN LIEU OF FORECLOSURE READY FOR USE. . - 05/17/10 10:17 AM
 
New HAFA Program Supporting Documentation  DEED IN LIEU OF FORECLOSURE READY FOR USE. . 
Download the: DEED IN LIEU (DIL) HOME AFFORDABLE FORECLOSURE ALTERNATIVES (HAFA) PROGRAM TERMS AND CONDITIONS
 
Home Affordable Foreclosure Alternatives Program – Deed-in-Lieu of Foreclosure
A “deed-in-lieu of foreclosure” is specifically designed to help borrowers who are unable to afford their first mortgage and want to avoid foreclosure. With a DIL, you voluntarily transfer ownership of your home and all real property secured by your mortgage loan (Property) to us to satisfy the total amount due on the first mortgage. 
Enclosed you will … (0 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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