My Lender Has Sent Me A Certified Letter- Should I Worry About It During My Short Sale?

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

 

 

securedownload (2) My Lender Has Sent Me A Certified Letter- Should I Worry About It During My  Short Sale?

Ignoring them is not an option!

Oftentimes our clients./ the  homeowner will get a letter either from the bank or an attorneys office with the dreaded  NOD (Notice Of Default)

Did you know that your lender has an obligation to send you this letter when you stop making your mortgage payments.. .

This is regardless if your home is in the market as a short sale or not!’

This  letter is advising you and giving you a formal Notice of Default, which has been filed with the local county recorder's office.

Many of our clients  don't understand the significance of this letter or its full meaning.

“WE NEED TO KNOW ABOUT IT  IF WE ARE HELPING YOU DO A SHORT SALE”

All our  clients . . while we are helping do a short sale on their homes. .see a lot of letters and documents coming into their home, and they may not fully understand them.

 My advice. .DON’T IGNORE THEM!

Often times we receive these letters in a package from our clients and the envelops have not even been opened!!!

Come on guys. . this is very important. . this not a time to IGNORE IT . .I know is bad news. .but by refusing to open them you are making my job harder. .

 

I will help you fight it . . but you also need to get involved!

We need to know as soon as possible any dates or deadlines that the lender is notifying you about. . . yes, we can learn about them via other venues of communication. . but we need this information ASAP to help you better. .

 

Check This Video For More Clarifying Information

 

 

What To Do?

 

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Read my eBook about short sales below. .It will answer many more questions about short sales in general. .if you are contemplating doing one

The Short Sale Option
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An important question:
How much a short sale cost me Fernando ?:
SEE ANSWER HERE
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
What our clients say about us. .

————————————————————————————————

“Thank you Fernando  and Susan (Team Member)for EVERYTHING!  We are so relieved to be out of this mess and to be able to start over again.
It really has taken a load off of our minds and knocked down the stress level A LOT!  You were both completely on top of your game (and the mountain of paperwork) which made this entire process go so smoothly.  I really cannot believe that it’s OVER and everything did work out to our advantage.  We knew we were taking a gamble with the short-sale, but we really owe our success to you and your team.”

THANK YOU!  THANK YOU!  THANK YOU!
Amanda & Eric B

————————————————————————————–

“Herboso & Associates did an excellent job of listing my condo and handling the short-sales process for me.  Fernando is extremely knowledgeable and took the time to answer all my questions and concerns. He was efficient and took care of all the negotiating with the lender and the buyer.
California Client, A. Nguyen”

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Read my latest book www.AdiosLender.com here

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Disclaimer

The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale.  Herboso & Associates makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property in a short sale.

Homeowners are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. Herboso & Associates are not Advisors and they are not a legal law firm. We strongly encourages all parties, agents, homeowners brokers and mortgage lenders involved in a transaction to seek such advice from a professional advisor.

Fernando is an Associate Broker and  founder of Herboso & Associates for MD, VA and  DC

Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
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How To Prepare Your Family To Do a SHORT SALE ?

Maryland DC and Virginia  Short Sales Expert Specialist

www.Short-Sales-expert.com

Short sales Specialist  For Maryland DC and Virginia

 

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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395
Oh so true...we lost a home due to inattention to a notice. I tell my sellers to read everything and call me, but they sometimes want to avoid that...and it's sad when it backfires on them.
Jan 11, 2011 03:39 AM #1
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301-246-0001 Serving Maryland, DC and Northern VA
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