SHORT SALE Luxury Home Realtor in Maryland, Baltimore, Harford County

Real Estate Agent with RE/MAX Components - Fallston Maryland 616437

Maryland Luxury Home Short Sale Real Estate Agent, Realtor in Baltimore



If you are barely holding on to your luxury property and its value has dropped tremendously, you may qualify for a short sale in Maryland. A short sale takes place when a lender allows a borrower to sell their property short, for an amount lower than the remaining loan balance. In many cases, the lender then forgives the borrower of the remaining deficiency. Additionally, the lender pays all of the sellers' closing costs. A short sale is completely FREE to borrowers!

How to Qualify
A short sale is not everyone's best option. First, short sales are for borrowers who are upside down on their homes, meaning they owe more on the property than it is worth. Next, borrowers must prove to their lender that they can no longer afford the home due to a financial hardship. Some examples of hardships are:

  • Job loss
  • Relocation
  • Vacant rental property
  • Divorce
  • Decreased income
  • Death/illness in the family
  • Job transfer
  • Medical bills


Robert B. McArtor is a Short Sale Specialist of Luxury Homes in Baltimore, Harford, Anne Arundel County, Montgomery, Fredrick County, Howard County and ALL Surrounding Areas of Maryland

Robert B. McArtor with RE/MAX Components is a short sale specialist real estate agent offering FREE foreclosure services to luxury homeowners in Maryland in hardship. On average we have closed over 80 short sale transactions. Our Team Members are CDPE Certified and are well educated in the Short Sale process from start to finish.

  • The first step is for you to contact us! We will ask a few questions to get a better idea of the situation you're in.
  • If we determine a short sale is your best option, we will set you up with one of our luxury home short sale Realtorson our Team.
  • This Realtor will handle the entire transaction, from listing your home to negotiating with your lender, all for FREE!
  • Your lender will pay all of your closing costs and in most cases, lenders forgive borrowers of the remaining debt on the loan after the sale. Keep in mind, this is not automatically the case.
  • Some lenders are offering incentives up to $35,000 to homeowners who short sale luxury real estate and avoid foreclosure.
  • A short sale will appear on your credit as "Paid as Negotiated" or "Settled in Full," just like any other paid off debt.



Why would your lender agree to a short sale in Maryland?
On average, it costs a lender $58,000 to go through foreclosure proceedings on a property. The lender will attempt to sell the property at auction, which is not always successful. If the home doesn't sell, the lender is then stuck with a vacant property as well as the responsibility of maintaining the property. The home then must go through the bank REO system, which can be a very drawn out process.  Rather than dealing not only with all of these additional costs, but also the




additional headache, lenders often prefer that borrowers short sale their properties. In fact, even if the foreclosure process has already begun on your distressed luxury property, if you inform your lender that you are attempting to short sale they will often postpone the foreclosure process.

Confidentiality Guarantee
All of the information you provide us with regarding your current financial situation will be kept in the utmost confidentiality. We will not release any of this information to anyone outside of the short sale process.

Additionally, if you prefer to include your attorney in the short sale transaction, it is welcomed. Our Team cooperatively work with sellers' attorneys including foreclosure defense attorneys. If you currently do not have an attorney but you would like one, we set you up with can provide you with recommendations.

 Do not hesitate to call with any short sale related questions you may have! CALL NOW 443-392-4833

or VISIT MarylandHOMESTeam

Short Sales in the NEWS!

(CNNMoney)Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure.

Under the plan, Bank of America (BAC, Fortune 500) will offer homeowners so-called relocation payments of between $2,500 and $30,000 if they sell their home in a short sale. In short sale deals, the sale price of the home is less than what the seller owes the bank.

( – JP Morgan Chase Bank is encouraging delinquent homeowners to sell their homes for less than they owe, letting them walk away from the debt.  What’s more, in some cases banks are offering delinquent homeowners cash — typically $15,000 to $35,000 – to do a short sale.

Banks appear to be waking up and making efforts to rid themselves of troubled mortgages. And what’s good for banks is also suddenly looking good for homeowners.

(Bloomberg) — Homeowners with mortgages of more than $1 million are defaulting at almost twice the U.S. rate and some are turning to so-called short sales to unload properties as stock-market losses and pay cuts squeeze wealthy borrowers.   Year-end bonuses for people at hedge funds, asset-management firms and insurance companies have fallen year over year an average of 30 percent.

As defaults on the biggest mortgages rise, borrowers are turning to short sales to exit loans that now are larger than the market value of the house.  In such a transaction, the lender agrees to accept less than a 100 percent pay off on a mortgage to expedite the property’s sale.

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