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What Is A Short Sale? . .for Kindergartens

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

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 you start borrowing money from friends and is . . just to pay your bills? . .

 

Your Visa & MasterCard Get.. .

 

You then  call your lender and ask for a loan modification. . .

 

You feel you are losing it. .  .

 

You are losing all control. . .

The lender loses your paperwork . . hours on the phone. . . on hold . .

they don’t seem to care. .

 

Nothing can help you now. .

 

 Running out of options. . .

The lender loses your paperwork one more time . . more hours on the phone. . . on hold . .

you finally realize that . . .they don’t care . . they are only  interested in one way loan modifications. . where they are the beneficiaries  . . not you!

 

 

 

Then a glimpse of hopefulness. . . becomes evident on the distance. .

 

 

 

 

 

 

 

 TO HELP YOU AVOID. . .

 

 

 

 

 

 

 

We are your safety net. . .

 

Fernando Herboso

Short Sales Expert

            240-426-5754      

MD, DC and VA

 

 

 

Short Sales Maryland Virginia DC

HAFA PROGRAM SHORT SALES 

 

Comments (5)

Carla Harbert
Full Time REALTOR in Ohio - Brunswick, OH
RE/MAX Omega, Brunswick Ohio

Very well written article with great visuals, too. I don't understand why homeowners continue to let their homes get foreclosed on, when other avenues of prevention are available - especially short sales.

Nov 30, 2011 09:41 AM
James Dray
Fathom Realty - Bentonville, AR

What a fun way to address a still growing problem in our market.  I will say for the most part things have slowed down but then tomorrow is just a short time away

Nov 30, 2011 10:27 PM
Marge Piwowarski
Phoenix AZ Horse Property - Phoenix, AZ
Phoenix AZ Horse Property, LLC

Masterful job of presenting the unpalatable facts, Fernando.  I would hope some folks would make the short sale an earlier step.

Dec 01, 2011 06:34 AM
EC, JF, Double R and Zoey the Cool Cat
Russel Ray Photos - San Diego, CA

That has to be one of the best short sale posts I've seen. Fun and enjoyable, although short sales themsevles are not.

Dec 01, 2011 01:22 PM
Marge Draper
Keller Williams Realty Palo Alto - Menlo Park, CA
REALTOR, Keller Williams Realty, Menlo Park CA

Fernando,  I really like what you did with a difficult subject.  Foreclosure is no fun and you made that really clear.

Dec 02, 2011 11:08 AM