short sales expert: Short Sales 101 : Quick Facts for Maryland Homeowners | HELP - 01/26/13 09:41 PM
Is a Short Sale Right For You? Quick Q & A for Short Sales
1. What Is A Short Sale?
The sale of a property upon agreeable conditions for what is worth and not for what's its owed
2. Why Would A Lender Agree To A Short Sale?
To save money and time, typically a short sale will net the lender more money than a lengthy foreclosure with hired attorneys
3. Why Would A Seller Agree To A Short Sale?
To avoid a foreclosure and possible an deficiency judgment
4. What Must A Seller Do … (3 comments)

short sales expert: A Short Sale Tale. .with a Happy Ending! - 09/21/12 06:48 AM CLIENT: "Hi Fernando, do you remember me?"  ME: "Of course I do, you are the one I helped a couple years ago do a short sale. .how are you doing?, How is the family?" CLIENT: "We are doing well, we are receiving  your emails every week and in one of them, you've mentioned  about being a great time to buy again. .I was wondering if you can help us, I think we are ready to be HOMEOWNERS once again?" ME: "Of course we can! Let me get you connected with a loan officer and see where you are as far as your credit … (9 comments)

short sales expert: Recently Lost Your Job from Bechtel Corporation in Frederick? - 07/18/12 06:29 AM
from: Lost Your Job in Bechtel Corporation in Frederick? LAYOFFS  Bechtel Corp, one of the largest employer in Frederick County, has recently laid off more employees. This is probably an strategic move since its decision to relocate its corporate headquarters to Fairfax Virginia. What if you are a homeowner in Frederick County and you were one of the affected employees from Bechtel? How are you going to pay your mortgage? As a real estate Broker handling short sales for underwater homeowners in Frederick County. .. I found lately that more and more ex-employees from Bechtel Corp are needing help with their mortgage payments. My advise if you are one of the employees affected. . Check with your … (1 comments)

short sales expert: Creative Short Sale Solutions - 05/15/12 12:06 PM
Selling Short Sales? How we get our short sales approved? Any way we can!
A Fresh Approach To Creative Solutions: Our problem was apparent from the  very beginningWe had an absentee homeowner that was nice enough to HELP purchase a home for her sister at the height of the market. We had two lenders and Melissa Zavala with Short Sale Expeditors was helping us get the approvals on this one.Very quickly we received the first lender approval and they were gracious to allocate $4,000 to the second so they can release the second trust.The second lender wanted more money. .Melissa tried … (6 comments)

short sales expert: Are Lenders From Venus and Short Sale Agents From Mars? - 05/04/12 02:54 AM
Article originally published in

How Does A Lender Profit From A Short Sale?
A Quick Definition:
A Short Sale in the real estate industry refers to a situation where the homeowner sells a property for less than the loan balance. The lender will take what the property sells for and the homeowner can avoid foreclosure in its entirety and subsequently both, the Homeowner and the Lender have a win-win situation
With the rising number of foreclosures happening all around the nation, homeowners are looking for effective ways to avoid losing their homes to a foreclosure and … (5 comments)

short sales expert: An Investor, a Short Sale and a Prayer - 02/16/12 12:06 AM

short sales expert: Embarrassing Story - How My Friend Lost Over $100,000 - 02/15/12 03:03 AM

short sales expert: Short Selling Investment Properties. . . What Are Your Options in Maryland? - 02/08/12 02:03 PM

My phone was ringing. .
"I've screwed up BIG TIME"
A familiar friendly voice told me on the phone.
"Why?" I asked. .
"I broke my own rules on an investment purchase. A mistake that is sucking me dry, I'm on my way for the worst real estate loss I've ever experienced, EVER!"
"Calm down, maybe there is something we can do . . tell me a little more. .all I could say. .
"When I purchased a condo in this building four years ago . .it seemed to be the best investment I could do. The renter paid … (6 comments)

short sales expert: In Defense of the Short Sale Selling, Loan Mod Applying, Principal Reduction Requesting Public - 02/06/12 01:43 AM
A great post about the dilemma that faces a lot of homeowners today. . 
Strtaegic Defaulst?
Loan Modifications?
Deed in Lieu?
A lot of problems . . not easy solutions. .
In Defense of the Short Sale Selling, Loan Mod Applying, Principal Reduction Requesting Public
I just read the AR newsletter featured post entitled, “Rewards for being a debtor.. Punishment for those that are not,” and it really got me going this Sunday morning. Judi Barrett sets out her opinion as a free and clear homeowner who is troubled as she watches the government continue to offer program after program … (1 comments)

short sales expert: Surviving The American Dream: The argument for 'Walking Away' - 01/06/12 04:42 AM
Strategic Default? When your finances and your family's future stability matters more than a self imposed constrain that can only mean years of waiting for an equity to appear once again. .
Homeowners in their 50's, 60's don't have the time to wait for a market boom again. . 
Life is too short to ride the storm. .

In Mike Coopers post on the 'Short Sale of Convenience' he touches on what I believe to be an important but controversial subject, strategic default (ending in either short sale or foreclosure).  I was most surprised by the vast majority of comments … (0 comments)

short sales expert: A Sample Hardship Letter For Short Sales - 12/08/11 05:42 AM
HARDSHIP LETTERS FOR SHORT SALES From time to time, I have to remind our new clients that the hardship letter is a very personal touch and they have to write it themselves .. . It should come from you and NOT A TEMPLATE! This is a reminder I wrote for a new client of ours  a few weeks back. . Perhaps this can also guide you if you are neeidng help. . ___________________________________________________________ Dear Client: Please understand that the hardship letter has to come from you and not a template.   My advice is to wrte a very short letter.. Do not blame the … (10 comments)

short sales expert: Short Sales and TIME TRAVEL - 12/08/11 03:52 AM

I received this approval today from Bank Of A_____
Notice Date:  December 08, 2011
Account No.:  xxxxx7129 
Property Address: 
This is one of the CONDITIONS. .. 

"Except as noted below, all other terms of the original approval letter will remain the same. The amendments to the original approval
are as follows: 
Closing must take place no later than October 28, 2011 or this approval is void. If an extension is requested and/or
approved, then per diem interest will be charged through closing. "
They … (1 comments)

short sales expert: SHORT SALE REJECTED! - 12/07/11 02:40 AM
 Bank of America - Message Alert: HAFA OFFER REJECTED
What else is new. .they rejected an offer of $400,000 on a $375,000 HOUSE  . . and their counter-offer is a delusional $450,000?????!!!! Message Inserted (12/06/2011 01:28 PM) On:   xxxxxxxxxxxxx(Address Here) xxxxxxxxxxxxxxxx        Message Inserted (12/06/2011 01:28 PM) On: 23804 xxxxxxxxxxxxx(Address Here) xxxMD HAFA OFFER REJECTED NEED COUNTER TO LIST PRICE OF $450,000, PROVIDE LETTER FROM MID ATLANTIC FCU THAT THEY ARE WILLING TO RELEASE THE LIEN FOR 6% OF UPB AND WAIVE THE REMAINING AMOUNT TO PROCEED, REMOVE FEES FROM 506, 507. CLOSING COST CREDIT CANNOT BE GRANTED IF OFFER IS NOT MEETING MIN … (7 comments)

short sales expert: a sHORT nEWSLETTER. . aBOUT sHORT sALES - 12/02/11 10:26 AM
a … (4 comments)

short sales expert: What Is A Short Sale? . .for Kindergartens - 11/30/11 09:37 AM
What is a Short Sale?
It could mean different things to many homeowners. . it depends on your current financial situation, your lender and your hardship .. . 
Here's the simplified version. . .
 What is a Short Sale?
Mortgage Underwater? . .

You are hoping the problem will go away. .

You pay and pay and pay. . .and soon discover. .

You get into deeper debt. .by cashing in your 401K

Bank Savings, Your Kid's College Funds. . "The Great Disappearing Act" 
You don’t know what to do?

in desperation … (5 comments)

short sales expert: Short Selling Investment Properties. . . What Are Your Options? - 11/30/11 09:23 AM
Important information for investors  SHORT SELLING INVESTMENT PROPERTIES  in MD, DC or Virginia Sharing an email to a prospective client with information about short selling investment properties. If it applies to you, this could possible help you as well. . Mr XXXX:   I wanted to take this opportunity to give you a little more information about how you can short sell investment properties and reduce your exposure from the banks while also relieving you of assets that may-be slowly pulling you in a financial crisis. As a broker for Herboso & Associates llc and having listed over 140 short sales in the last 3 years, I have spoken to … (0 comments)

short sales expert: Short Sales- Short Tales: Our Short Sales Client From Timbuktu - 11/22/11 02:14 AM

"Our Client From Timbuktu"  
As we are ready to yet SAVE another one of our clients from a foreclosure. .
We got the listing, from a client that his brother was also listed in the deed but not in the loan. .
So far so good, except that the brother now lives in Timbuktu
(Not actual place to protect our clien'ts privacy)
My assistant is a jewel and she tackles a problem like Polamalu in a scrambling quarterback
But Geography was not her favorite subject in High School
"Where is Timbactoo?" 
She asked me, 
"I'm not sure if you … (5 comments)

short sales expert: The Influence Of Short Sales in Montgomery County Maryland - 11/18/11 05:39 AM

The Pulse on the Market for Montgomery County . .
18 Days of SOLD PROPERTIES in MONTGOMERY County Maryland
(November 1st to November 18th)
Let's begin. . .
270 SOLD PROPERTIES during the first 18 days of November 2011
209 were REGULAR SALES. . Non-distressed (Short Sales and Foreclosures)
Let's dissect these numbers a little more in detail. .
Silver Spring Maryland has the most action on the market these days. . .in all … (1 comments)

short sales expert: La Modificacion De Prestamos Solamente Benefician A Los Bancos! - 11/16/11 04:12 AM
La Modificacion De Prestamos Solamente Benefician A Los Bancos!
Estamos en una epoca de cambio en los Estados Unidos.
Hay una amenaza conta los dueños de casas cuando ellos ya no pueden pagar por sus casas.
Vea este video para ver como ud. puede combatir contra los bancos. .

Si ud vive en Maryland, DC or Virginia. .llame al 240-426-5754 para una consultacion solucion para sus problemas de casa
Fernando Herboso

short sales expert: HELP: Gaithersburg MD Homeowners Contemplating a Short Sale - 11/15/11 06:25 AM

Want to live near here?
Seach For Homes In Gaithersburg MD Here

Short Sales Help for Gaithersburg MD HomeownersPreparing your family for a short sale. .When we are working with a seller who is doing a short sale and the lender finally approves the contract. . The seller have just a few short weeks to get ready to move out.
Our services take in consideration that you will need a new place to move and we take that responsibility by preparing you for this move.  We take the worry away and we cooerdinate your move according to your … (6 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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