Homes For Sale in Maryland
Real Estate in MD, DC, and VA
Thank you for taking the time to visit our blog. We specialize in assisting buyers and sellers all over the state of Maryland, DC and Northern Virginia
ARCHIVED BLOG POSTS
2010
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Short Sales In Maryland How will a Short Sale affect my credit? How will a Short Sale affect my credit? Some of the reasons your credit can be affected doing a short sale is because the late payments, (during the short sale negotiation process) You need to weigh out this information and how it ...
01/04/2010
Can I Just Short Sale My Home To My Brother and Rent it Until I Can Afford it Again ? What is the Real Reason For an Arms-Length Affidavit on a Short Sale? You will have to sign one when you sell your home as a short sale. . An arms-length affidavit is a document created by a short sale bank...
01/03/2010
Should I do a Loan Modification or a Short Sale? This will depend on your particular situation. In general, we advice all our customers at first contact to be absolutely sure a loan modification will not help them. You will need to look at: Your financial situation The willingness of the ba...
01/03/2010
How much will a short sale cost me after all? It costs you nothing. . . When I list a home as a short sale, I recognize my clients are in hardship and they need all the help they can get. Some of them have fallen trap to the loan MORTIFICATION fiasco and paid some lawyer a lot of money for n...
01/03/2010
Am I too late for a short sale? I just got a notice of default from the bank. . . Time is not on your side. . .you should act fast. With most lending institutions, you can begin the short sale process as late as a week or two before the scheduled foreclosure date but it will depend on your par...
01/03/2010
What's the Difference between Short Sale and Foreclosure? A short sale is a discounted payoff meaning that the existing lender of the property being sold is accepting less than the total amount of mortgage due. A Foreclosure is a situation in which a homeowner is unable to make principal and/o...
01/03/2010
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Should we stop making our mortgage payments while our home is on the market as a short sale? A question I hear very often being asked frequently by homeowners. . Nobody, outside of a lawyer, can tell you whether to stop making your mortgage payments. . especially not Real Estate Agents, be...
01/03/2010
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Fernando Herboso - Associate Broker MD, & VA
301-246-0001 Serving Maryland, DC and Northern VA
