Showing posts with label MD Short Sales Realtor. Show all posts
Showing posts with label MD Short Sales Realtor. Show all posts

Friday, September 21, 2012

A Short Sale Tale. .with a Happy Ending | Dear Consuelita

http://www.reallynicehomes.com/blog/short-sale-tale-happy-ending-dear-consuelita/
CLIENT: "Hi Fernando, do you remember me?"
 

ME: "Of course I do, you are the one I helped a couple years ago do a short sale. .how are you doing?, How is the family?"

CLIENT: "We are doing well, we are receiving  your emails every week and in one of them, you've mentioned  about being a great time to buy again. .I was wondering if you can help us, I think we are ready to be HOMEOWNERS once again?"

ME: "Of course we can! Let me get you connected with a loan officer and see where you are as far as your credit is concerned . .and we'll go from there. . OK? "

CLIENT: "Thank you Fernando, we are ready when you are. .our lease ends in 3 months and I just got a raise."

"An experienced loan officer with access to many programs available could possible find the right loan based on your own circumstances. . . you will never know until you try it!"


ME: "Great news, you qualify for a loan. .I'll get you connected with our buyer agent and lets start looking for homes!


CLIENT: Thank you Fernando, we have this weekend available. .


I'm very happy to report the ratification of one contract for our dear clients. .there will be some celebrating in order when they get their new house keys!


Dear Consuelita:

Your parents  hired me to do a short sale a couple years ago, you were two years old then. . of course you don't remember me.. .

I'm the one that sold their house and arrange it with their lender,Bank of America to forgive your parents from over $100,000 of debt and many years of residing inside a home living  underwater; with no hopes for a better future and not knowing how many years they will have to pay. . before they even catch up to their home's value. 

Now, you've turned  four years old. .two years later and  their nightmare is over and you will start kindergarten soon coming to your brand new home everyday!

You can have a puppy now. . your parents make the rules . .not your landlord

They can paint your bedroom walls pink. .without having to ask your landlord's permission.

They can possible refinance your new house in 14 years and have enough to pay for your college.. 
I shudder with fear knowing of that day your parents made the decision to do a short sale or not. .at their kitchen table.
That day was a huge day for them. 
A day that determined that may have determined your future!
A day that determined where they were going to be two years later. .5 years later. . 14 years later.
I was very happy for their decision then. .
I'm very happy for you now. .

See you at closing Consuelita.. .I'll be the one holding a teddy bear for you!



Now, ask yourself. . .about the loan modification you may have signed. .was that good for you. ..or just your bank?



THINK if IT STINKS!




EspaƱol? Haga Clic Aqui




Short Sales Expert MD

Come on. .swim to it. .grab it and call me!

240-426-5754




One of best  testimonials ever. .watch it!

     
     



Thursday, August 16, 2012

In A Short Sale. .Who Pays The Deficiency?

Original article: http://www.reallynicehomes.com/blog/short-sale-will-i-have-pay-difference-between-what-i-owe-and-final-sales-price-my-property/


Question:
On a Short Sale, will I have to pay the difference between what I owe and the final sales price of my property.


In some cases the lender may ask you to pay the difference in the form of a promissory note in order to complete the short sale.
Most often this comes into play if there is evidence that the seller has money available in the form of savings or other major assets.
In some cases the lender will simply give the third party approval with a conditional language that says in effect. ."Short Sale is approved under these conditions. . that the lender maintains the "right to reserve to pursue a deficiency" at a later date.
Most often this is a subdue attempt to maintain their rights to go after the borrower in case they have reasonable belief that they are able to pay it.
My contention to the lender in this case has always been the same back to them. .
"They have a HARDSHIP. . you acknowledging that-- when you gave the approval. . HARDSHIP means NO MONEY!!! WHY ARE YOU ASKING FOR THIS??

"Please remove the language "right to reserve to pursue a deficiency" so we can proceed. . so the seller can be assured that this is the end of it and not leave them hanging just like they have the last few months!. ."

Having experienced 160 short sales, I can assure you that short sales are like snow flakes. .no two are alike. . . even with the same bank!
You are doing a short sale to remove this deficiency and that is the ultimate reward for having to consider it. . if not. . why do it at all?



short sales 

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"
Author of the eBOOK " Avoid Foreclosure Hell"
Author of the Ebook " 31 Reasons To DO A SHORT SALE"
Maryland Principal Broker : Fernando Herboso direct # 240-426-5754
My  Best Short Sales Testimonial Ever 


Herboso & Associates LLC | 301-246-0001 
Maryland | DC | Virginia  

www.Short-Sales-Expert.com 
www.ReallyNiceHomes.com


Hello, 


It is my sincere belief that homeowners need to find an advocate to represent them.  
Someone to seek the guidance, counsel, and services to make the right decisions based on facts and not emotions.  
An advocate that is educated, a licensed distressed property expert, a real estate broker that has the experience, the knowledge and the savvy to simply get you OFF the hook! Someone that will act totally in your best interests to help you find the best solution to the financial crisis you are facing now.
I believe I am that advocate for you for many reasons. .
Please call 240-426-5754 to discuss your special case. .  . without any obligation.
Thanks, 
Fernando Herboso

Friday, July 20, 2012

Should I have to pay taxes when I do a short sale in Maryland ?


Taxes short sale

Should I have to pay taxes when I do a short sale?

 When you sell a  principal residence as a short sale, the entire gain may be federal-income-tax-free thanks to a convenient IRS gain exclusion . . . see this short video for more information 
Call Fernando Herboso @ 240-426-5754 if you even considering a short sale on your upside down mortgage. . preparation by an expert could be the difference bettwen success and failure
Fernando Herboso
Short Sales Broker for MD, DC and 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"
Author of the eBOOK " Avoid Foreclosure Hell"
Author of the Ebook " 31 Reasons To DO A SHORT SALE"
Maryland Principal Broker : Fernando Herboso direct # 240-426-5754
My  Best Short Sales Testimonial Ever 




Herboso & Associates LLC | 301-246-0001 
Maryland | DC | Virginia  
www.Short-Sales-Expert.com 
www.ReallyNiceHomes.com

Sunday, July 8, 2012

If your mortgage is underwater. . Do you qualify for a principal reduction?


If your mortgage is underwater. . 
Do you  qualify for a principal reduction?
First of all . .if your loan is owned  FreddieMac or FannieMAe. .THE ANSWER IS NO!~
You can find out if your loan is with either of these lenders by looking up your loan at www.fanniemae.com/loanlookup or www.freddiemac.com/mymortgage
If you are still in. .
then
This is your first step. . 
Just reach out to your bank to find out if you may be eligible. The only banks that are participants of this settlement are below with their phone numbers. . if your lender is not listed there. .you do not qualify. If your home was foreclosed by any of these banks during 2008 and 2011, call them to claim your $2000.00
Ally/GMAC:           800-766-4622


 Bank of America:    877-488-7814


Citigroup:              866-272-4749

JPMorgan Chase:   866-372-6901

 Wells Fargo:           800-288-3212

What if my house is already listed as a short sale, and I'm in the middle of negotiations with my lender right now?
If you already missed one mortgage payment, you do not qualify for this Government Mortgage Settlement and my advice is to continue on with your plans.
If you have NOT missed your mortgage payments and you are seeking for a short sale relief. .you may consider calling your lender to the numbers listed above and ask them specifically. .do you qualify?
Be prepared to wait some time for this.
The Worst Thing You Can Do Is Wait !
Take Action Today!
Get the facts from a distressed property expert that has the ability to help you avoid a foreclosure by doing a Short Sale today!

www.SHORT-SALES-EXPERT.com