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
Another way to protect yourself if you are an investor and you are doing a short sale You are probably asking yourself "why would I even need to think about a 1031 Tax Deferred Exchange if I'm losing my rental property through a short sale transaction?" The answer is an easy one, but...
05/11/2010
An ethical family law attorney will advise their clients to search for alternatives to Chapter 7 or Chapter 13. A short sale can be an alternative that could be the determining factor NOT to declare bankryptcy. Unfortunately some bankruptcy attorneys have only one advice. . . Let's say Mr...
05/11/2010
Another Reason why a Short Sale is Denied. . What are reasons why a short sale might be denied? Knowing the lender’s guidelines As simple as that. One of the first things you need to do is know the lender’s guidelines as far as short sales are concerned. Each lender have their basic requirement...
05/10/2010
Bank Of America Loan Modification Denied. . Now What Are My Options? What is your next step when a loan modification has been denied? Fernando,We sent in the requested income and expense worksheet to Bank of America , and they told us that we didn't qualify for a hardship modification because o...
05/10/2010
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The most important factor why a lender should approve a short sale is: The Hardship Another great post explaining the definition of a HARDSHIP A Short Sale is often a last resort alternative to foreclosure. It is, in simple terms, a seller's attempt to sell their home for less than what is a...
05/10/2010
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Another great post that outlines the reasons why people may walk away . . considering: In a short sale , you sell your house In a foreclosure, you lose it According to the Washington Post: 24% of all U.S. homeowners are underwater with their home loan, meaning they owe more than their home i...
05/10/2010
A 3 Billion Dollar plus Short Sale. . .(3,000,000,000,000,000,000.00) where the moral constraint does not reign over their decisions and is instead diverted to a poor homeowner that is prisoner of it's own demise in an underwater home.. . working two jobs and sacrificing to pay their mortgage....
05/10/2010
Walk Away? Is that solution that you should consider if your current house in underwater? check the video below that could help you understand the problem you are facing today.I've kept mostly silent on this blog about a very important issue affecting the housing market -- strategic defaults. T...
05/10/2010
The sad thing about this is that homeowners in over 50% of foreclosed properties, never say a word and they just accept the fact. With the new HAFA Program and different ways to do loan modifications. . walking away should not be the only thing to do. Excellent post that warns us not to commit...
05/10/2010
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Chase Loan Modification Denied. . Now What? What is your next step when a loan modification has been denied? Fernando, I have been in the loan modification process for over 8 months now. They denied me this past September and said to try again. They gave us no explanation as to why I was denied...
05/09/2010
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Fernando Herboso - Associate Broker MD, & VA
301-246-0001 Serving Maryland, DC and Northern VA
