short sales in maryland: SHORT SALE PRIMER - PART II - 1099 INCOME, SHORT SALES AND LOAN MODS - 11/17/12 09:33 PM
Richard is a Florida attorney versed in the minutia of law about short sales and how it affects your finances.
The debt relief act is set to expire on December 31st 2012 unless Congress acts upon it and extends this law
The Mortgage Debt Relief Act was put into effect in 2007, I would hope that Congress do not allow it to expire on purpose to raise revenues. 
This is the continuation of the preceding article, SHORT SALE PRIMER - PART I - THE "NEW STANDARD SHORT SALE" and you really need to read it first before you read this article.  The … (0 comments)

short sales in maryland: What your bankruptcy lawyer won't tell you about your upside down home - 09/05/12 12:43 AM
Attorneys sometimes are to quick to pull the trigger of bankruptcy. . 
Research all your options before you cancel a short sale. .
A bankruptcy should only be used as a last case scenario. .

What your bankruptcy lawyer won't tell you about your upside down home Many of my CT short sale clients plan to file bankruptcy or have been discharged from one. There seems to be significant confusion about what exactly happens to a house in bankruptcy and 90% of the time bankruptcy attorney's advice to upside down homeowners is "JUST LET THE HOME FORECLOSE"
While bankruptcy may alleviate your legal responsibility to … (1 comments)

short sales in maryland: Short Sale Question: My Lender's HUGE ERROR! - 07/05/12 03:21 AM
  I was happy to answer to a short sale question posted in Activerain Questions Forum for Maryland    Q: I have been in default of my first and second mortgage for about 6 months. I was laid of from my employer and my financial situation gone down hill ever since. I now have my house up for short sale and have become employed. I have decided to go through with the short sale and move on with my life. Recently my first mortgage company notified me by mail sending the original loan papers that my loan is paid in full. … (1 comments)

short sales in maryland: When is the best time to start a short sale? - 06/04/12 08:30 AM
MARYLAND  SHORT SALE, FORECLOSURE HELP - MARYLAND and VIRGINIA HAFA Short Sale Expert -- Short Sale Specialist  Short Sales Questions & Answers Question #10 When is the best time to start a short sale? Fernando Herboso  answers questions regarding Short Sales for Maryland and Virginia Homeowners Here are a collection of short sales questions that I experienced in the last 4 years -  over 150 SHORT SALES LISTINGS TAKEN. In an effort to continue to educate the public - or those who might be interested in serving short sales in the Maryland - Virginia region, I want to share some of the most … (0 comments)

short sales in maryland: Short Sales Maryland: Do I pay taxes when I do a Short Sale? - 06/04/12 08:27 AM
MARYLAND  SHORT SALE, FORECLOSURE HELP - MARYLAND and VIRGINIA HAFA Short Sale Expert -- Short Sale Specialist  Short Sales Questions & Answers Question #9 Do I pay taxes when I do a Short Sale? Fernando Herboso  answers questions regarding Short Sales for Maryland and Virginia Homeowners Here are a collection of short sales questions that I experienced in the last 4 years -  over 150 SHORT SALES LISTINGS TAKEN. In an effort to continue to educate the public - or those who might be interested in serving short sales in the Maryland - Virginia region, I want to share some of the most … (0 comments)

short sales in maryland: Short Sales:When should I look for homes to rent during a short sale? - 06/03/12 07:40 AM
MARYLAND  SHORT SALE, FORECLOSURE HELP - MARYLAND and VIRGINIA HAFA Short Sale Expert -- Short Sale Specialist  Short Sales Questions & Answers Question #8 When should I look for homes to rent during a short sale? Fernando Herboso  answers questions regarding Short Sales for Maryland and Virginia Homeowners Here are a collection of short sales questions that I experienced in the last 4 years -  over 150 SHORT SALES LISTINGS TAKEN. In an effort to continue to educate the public - or those who might be interested in serving short sales in the Maryland - Virginia region, I want to share … (0 comments)

short sales in maryland: Short Sales Ramifications: What about my Credit Scores? - 06/03/12 07:37 AM
MARYLAND  SHORT SALE, FORECLOSURE HELP - MARYLAND and VIRGINIA HAFA Short Sale Expert -- Short Sale Specialist  Short Sales Questions & Answers Question #7 What about my Credit Scores?  Fernando Herboso  answers questions regarding Short Sales for Maryland and Virginia Homeowners Here are a collection of short sales questions that I experienced in the last 4 years -  over 150 SHORT SALES LISTINGS TAKEN. In an effort to continue to educate the public - or those who might be interested in serving short sales in the Maryland - Virginia region, I want to share some of the most popular questions and answers I … (1 comments)

short sales in maryland: How is my credit affected in a Short Sale? : Short Sales Specialist MD - 06/01/12 03:01 AM
MARYLAND  SHORT SALE, FORECLOSURE HELP - MARYLAND and VIRGINIA HAFA Short Sale Expert -- Short Sale Specialist  Short Sales Questions & Answers Question #3 How is my credit affected in a Short Sale? Fernando Herboso  answers questions regarding Short Sales for Maryland and Virginia Homeowners Here are a collection of short sales questions that I experienced in the last 4 years -  over 150 SHORT SALES LISTINGS TAKEN. In an effort to continue to educate the public - or those who might be interested in serving short sales in the Maryland - Virginia region, I want to share some of the most popular questions … (2 comments)

short sales in maryland: I Heard of $30,000 Pay-Outs To Short Sale Your Property?True Or False? - 06/01/12 02:58 AM
MARYLAND  SHORT SALE, FORECLOSURE HELP - MARYLAND and VIRGINIA HAFA Short Sale Expert -- Short Sale Specialist  Short Sales Questions & Answers Question #4 I Heard of $30,000 Pay-Outs To Short Sale Your Property? Fernando Herboso  answers questions regarding Short Sales for Maryland and Virginia Homeowners Here are a collection of short sales questions that I experienced in the last 4 years -  over 150 SHORT SALES LISTINGS TAKEN. In an effort to continue to educate the public - or those who might be interested in serving short sales in the Maryland - Virginia region, I want to share some of the most popular … (0 comments)

short sales in maryland: “Why You Should be Very Careful Hiring Someone To Do Your Short Sale? - 04/22/12 01:04 AM
“Why You Should be Very Careful Hiring Someone To Do Your Short Sale?

Its all about experience and being focus in the objective.
The person you choose to help you do a short sale should know all the options available  to you.
After all they are helping you to avoid a Foreclosure and a
LOT of OTHER HEADACHES!
Here are some of the things that WE can help you avoid:
(0 comments)

short sales in maryland: How Much You Should Pay For A Short Sale in Maryland? - 04/22/12 12:43 AM
Our fees and typical closing costs are contingent on short sale approval and are
paid for by your lender
We even negotiate for them to pay all your closing costs. .
How much it costs to do short sale:
If you call us. . it will cost you nothing!
 

The best short sales experts will not charge you anything for their services.
Why?
Because they can provide you with their experience and the assistance needed to sell your house with all costs derived from the sales proceeds.
(In some cases, we find some … (0 comments)

short sales in maryland: Ten Loan Modification Secrets Your Lender Does Not Want You To Know - 08/30/11 07:13 AM
Owe More Than Your Home Is Worth?
Looking for a way out.. .
Want to know different tools, Techniques and Tactics for battling with your bank?
Do you want to save your home?
Do you want to save your credit?
Better get the truth About Your Options. . .
Because. . .

. . and it shouldNOT BEyour only option. .

TO avoid A . . . 

   
10 Loan Modification Secrets Your Bank Does Not Want You To Know. . .
 
Hi, my name is Fernando Herboso and a licensed broker in Maryland that specializes in … (1 comments)

short sales in maryland: Mortgage Underwater For 17 Years? - 05/20/11 05:44 AM
 
Short Sales Maryland
For the month of May 2011, Herboso & Associates will post one post per day highlighting the reasons why you should do a short sale before you lose your property to a foreclosure.
31 Reasons WHY YOU SHOULD DO A SHORT SALE BEFOREALLOWING A FORECLOSURE IN YOUR PROPERTY
 
Day #19 --Reason #19
It Keeps You Away From Being Underwater for 17 Years!!"
 
Lets play a game. .
This is an scenario for two neighbors under the same conditions with two completely different results. . .

 


This example is just another way to … (5 comments)

short sales in maryland: Two Important Short Sale Questions???? - 01/21/11 04:10 AM
Maryland Short Sales
 

How Much a Short Sale Will 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. 
 
Read more about how much a short sale should cost you?
(6 comments)

short sales in maryland: Buying Short Sales. . Is Like a Lady Gaga Dress. . - 11/04/10 11:33 AM
It starts as a novelty, but after a while the meat stinks!

Q & A Short Sale Buyers Fernando, who is exactly the Seller. . is it the owner or the lender? The Seller is the actual owner of the property as in any other transaction. They are in the title and they are the only ones that can sell the property. The lender is involved in the transaction because the sale proceeds will not be sufficient to pay off the seller's mortgage. . therefore it is subject to the lenders approval. Without the lender's cooperation. . . there is no deal. Ok, … (8 comments)

short sales in maryland: Cuales Son Las Consequencias Cuando Hace Una Venta Corta? Short Sales en Maryland Y Virginia - 10/08/10 10:43 AM
Como Hacer Una Venta Corta (Short Sale)
¿Qué es una venta corta? Denominado como un short sale en Ingles La venta corta es el proceso a través del cual un propietario de una vivienda puede vender una casa por menos dinero del que le debe al banco por la hipoteca de la propiedad. Para todas las personas que no pueden continuar pagando las mensualidades al banco existen otras alternativas diferentes a declararse en bancarrota o ir al FORECLOSURE. Una de las opciones existentes es llamada “venta corta”(short sale). A veces, para evitar el costoso proceso de un forecloure, la institución que … (0 comments)

short sales in maryland: 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)

short sales in maryland: Tough Luck Helping Friends - 02/13/10 11:10 PM
 
 

Short Sales Maryland

An excellent article and example for troubled investors when their properties are severely underwater.
Making the right choices could prevent a lot of frustration.
 
 
 
 
A friend of mine, a good guy in the mortgage business for many years got heavily engaged in "investing' in those stellar years where the money were easily coming and in large quantity. Like many others, he did not stop early enough and ended up owning a few homes, which are all underwater.
After first trying to rent and make payments from rentals, then selling so that he would … (4 comments)

short sales in maryland: Should I do a Loan Modification or a Short Sale? - 01/03/10 09:39 PM

Should I do a Loan Modification or a Short Sale?

 
This will depend on your particular situation. In general, we advice all our customers at first contact to be absolutely sure a loan modification will not help them. 
You will need to look at:
 
Your financial situation
The willingness of the bank
Your desire to keep your home           

Most banks will not open two files at the same time. You will need to decide in advance whether you want to pursue a loan modification or a short sale. You … (0 comments)

short sales in maryland: 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)

 
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

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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

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