short sales in md: STOP PAYING YOUR MORTGAGE? – FANNIE MAE SAYS YES!
- 03/04/12 01:22 AM
The question that many homeowners face today. . Should I stop making my mortgage payment before applying for a possible short sale? As a professional that is experienced in short sales. . the only person that should advise you whether to stop making your mortgage payments or not. .is yourself! After taking a closer look to all the existing options. In a gradual and interesting development, Fannie Mae servicers have determined that short sale applicants that are not at least 60 days late WHEN THEIR SHORT SALE APPLICATION (CONTRACT) IS SUBMITTED will be rejected without review of the short sale contract. This is … (1 comments)
short sales in md: Is Your Agent Unknowingly Sabotaging Your Short Sale? Top 5 Steps to a Successful Short Sale
- 11/10/09 08:34 PM
Short Sales In MD There is a fine line between success and failure when it comes to short sales. A lot of homeowners are being misrepresented by Realtors with good intentions but with no idea whatsoever how to negotiate a short sale for their client. Removing a deficiency judgment verbiage from the approval is a good start Choose experience over Aunt Dorothy if you are doing a short sale. . . and follow the advice of Brenda Cote a fellow CDPE Member. .
When I began to list overleveraged properties and negotiate short sales two years ago, many of my colleagues advised … (6 comments)
short sales in md: Short Sales for Gaithersburg Maryland - Montgomery County
- 06/26/09 11:01 PM
Short Sales For Montgomery County Maryland Can I short sale an Investment Property? Obviously these days. .everyone is talking about short sales. It is a true and sensible solution to our foreclosure problem in Montgomery County It get even harder when you have several investment properties that are upside down. . and you are afraid of losing your own home. . There are other alternatives for you. . There is no reason to let those investment properties suck you dry . . You should call and discuss a possible “short sale” with the lender? When it gets to a point where you … (0 comments)
short sales in md: Short Sales and Foreclosures in Maryland
- 06/21/09 06:33 AM
Short Sales in Maryland Why would your lender accept it. .instead of a foreclosure? The current economic bailouts that were give to lending institutions have made short sale deals more attractive to banks. Why?As you know. approving a short sale transaction, lending institutions end up losing a lot of money while the homeowner essentially is forgiven of the debt and the buyer gets a great deal.However, the money lost through a short sale to the lender is much less than if they allowed the home to go into foreclosure. What the bailout did for all homeowners in trouble is to provide the banks some … (0 comments)
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