What Types of Hardship Qualifies For a Short Sale in Maryland ?

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

What Types of Hardship Qualifies For a Short Sale?


I found this post from a few years ago...unfortunately for some homeowners in Maryland, this still applies to them. ...a salvation when a foreclosure is eminent 


short sale is when a homeowner facing foreclosure sells his or her property for less than what is owed to the mortgage lender. The sale has to be approved by the lender.

Short sales are still very  popular these days in certain parts of the country. Here in the Maryland region and Virginia, short sales have become less popular. Nevertheless, there are still some families that may need the help of a short sale.

There are several reasons why a lender could accept a short sale.. In some instances homeowners that are still  with adjustable-rate loans can't make the payments when their interest rates rise; others fall behind because of job loss, others because of a divorce or sickness.

A lot of homeowners have seen their homes values drop and when they want to refinance. .

Their home can not be refinanced because the appraisal for the refi is below what you need to refinance the entire loan


Why are banks increasingly willing to embrace short sales as an alternative to foreclosure?

Simple: Because they lose LESS MONEY! CHEAPER!

So, if you are procrastinating, not knowing what to do?

And you are tired living with the uncertainty if you have a place to live tomorrow. . 

Take control of your financial life. .and consult with an experienced Short Sales Specialist to take your next step


Fernando Herboso is a Short Sale Specialist in Maryland DC and Virginia 

Expert in  Bank of America, Wells Fargo and Chase Short Sales.


call: 240-426-5754 for MD, DC & VA




Fernando Herboso has listed over 160 short sales, trained dozens of agents "how to do short sales "and has authored the following books about short sales

Author of the eBOOK "Is A Short Sale An Option For Me?

Author of the eBOOK "AdiosLender.com"

Author of the eBOOK " 10 Secrets To Loan Modifications"

Maryland Principal Broker : Fernando Herboso direct # 240-426-5754

My  Best Short Sales Testimonial Ever 


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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Excellent video and information for those homeowners who find themselves in a situation where a short sale is the answer to a prayer.

Aug 31, 2014 01:35 AM #1
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Fernando - good information.  I also know someone currently in New York whose value is way below the mortgage but she is paying it.  I gave her an short sale attorney who told her to call her lender, Wells Fargo.

Aug 31, 2014 04:14 AM #2
Rene Fabre
First American Title - Seattle, WA
Marketing in the Digital Age

Though my heart goes out to those that have to do a short sale, sometimes it is the best solution. Fortunately we're seeing less of them here in the Seattle area now. It is better to make the agreement with the lender upfront and do the short sale if you can, then it is to let it go into foreclosure if you can avoid it. Informative post, thanks Fernando.

Aug 31, 2014 05:03 AM #3
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

While we see fewer, short sales to some degree will always be a part of the real estate landscape.

Sep 07, 2014 09:31 PM #4
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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