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!

Español? Haga Clic Aqui

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

240-426-5754

One of best  testimonials ever. .watch it!

     

     

My property is in rough shape and needs a lot of work - can I still do a Short Sale?

http://www.reallynicehomes.com/blog/my-property-rough-shape-and-needs-lot-work-can-i-still-do-short-sale/

Question & Answers for Short Sales

My property is in rough shape and needs a lot of work; can I still do a Short Sale on my property?

Absolutely. We can sell any property for any amount that matches the property's condition.  In fact most lenders are even more motivated to do a Short Sale on a property that needs work than on a property that doesn't. The lender does not want to do repairs if they foreclose on the property and they know the risk of loss associated with this process.

Normally a property that needs a lot of work is more likely to be sold as a distressed property. .where the lender and the buyer agree to a determined price based on condition.

How is that benefit you as a seller?

There is no  expense from your part doing a short sale. 

You are in a hardship and all the cost associated with a short sale is paid by the lender giving the third part authorization

For a free consultation, call: 

Fernando Herboso 

Broker for Herboso & Associates llc

http://www.reallynicehomes.com/short-sales-expert-maryland-virginia/

301-246-0001

Maryland Short Sale Real Estate, Maryland Short Sale Specialist, short sales, short sales help maryland, loan modifications Get the facts from a distressed property expert that has the ability to help you avoid a foreclosure by doing a Short Sale today!

"How to Short Sale And Never Pay The Bank Another Penny."

       

       Chase Short Sales 

      

     

      

No Hardship Documentation Required Now For Short Sales!

There is something new to report in the short sale world.

Homeowners with underwater properties have many reasons to celebrate the introduction of the new guidelines from the two government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac. On November 1, 2012 the Federal Housing Finance Agency (FHFA) – the regulator for these two GSEs – will begin new guidelines that are expected to make short sale simpler and easier.

It’s about time. .

One of the key changes for short sales revolves around the process and the simplification that will be effective in November 2012 

Example:

• If you have a reduction in income, there is no need for hardship documentation. .
• If you are self employed and can prove the reduction of earned income, there is no need for hardship documentation. .
• Death of either borrower/co-borrower? There is no need for hardship documentation. .

and the biggest news. .

 Enable servicers to quickly and easily qualify certain borrowers who are current on their mortgages for short sales! . . (and you may buy again in TWO SHORT YEARS!)

READ THE LATEST GOVERNMENT ASSISTANCE PROGRAMS FOR UNDERWATER HOMEOWNERS HERE

The Perfect case scenario for the married self employed:

1. Your Mortgage's up to date
2. One spouse works full time (no change)
3. Other spouse is self-employed (big reduction in income) 
4. Your mortgage is owned or guarantee by Fannie or Freddie
5. You have less than 6 month's worth of savings to pay your mortgage 
6. Apply for the "No Documentation Required Short Sale"
7. Sell your house as a short sale
8. Wipe out any deficiency incurred
9. Sign a two year lease contract with a similar house as the one you just sold
10. After two years come back to the same neighborhood and buy similar home again!

With the current economic crisis and huge Government debt, any equity build-up for an average neighborhood will be very minimal in two years time.. .the end result could be worth hundreds of thousands of dollars to your personal financial world

ACTION PAYS in this case. .INACTION?.. YOU PAY!

      

                           

Ready to explore the possibilities?, Give me a call 240-426-5754

Fernando Herboso author of: 

     

Everyone knows how difficult is to get short sales accepted by the lender. . .

originally published. .http://www.reallynicehomes.com/blog/everyone-knows-how-difficult-get-short-sales-accepted-lender/

Everyone knows how difficult is to get  short sales accepted 

by the lender. . . 

But. .. We DID IT AGAIN!

Lender: WELLS FARGO

Original Purchase Price: $554,020

SOLD in a HAFA SHORT SALE for : $305,000

$3,000 Relocation costs for my clients

100% Full REMOVAL of ANY Deficiency JUDGMENT

Actual excerpt from the final approval letter:

Reads: Upon short sale completion, . .

 "shall waive the bank's right to seek a deficiency under 

the loan documents or any of its other rights there 

under,  and the obligations evidenced by the note"

Total net to the bank from proceeds: $279,347.78

                                       Total deficiency forgiven. . $274,672.22 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Final Results. . .

Why don't I just show them to you?

It is important to find a realtor who is an expert in 

handling short sale transactions. . .if you are having 

problems with a hardship and contemplating years and 

years for your mortgage to catch up with your home's 

value. .

Do the smart thing . . You should call me. . .240-426-5754

                  SHORT SALES IN MARYLAND

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. .

With my experience and as a broker certified by different organizations to do short sales, I have developed a system that helps homeowners dealing with distressed properties. My team of Realtors, one assistant, an attorney and several supporting staff has developed long lasting relationships with these lenders that allow you to take advantage to short sale your property quickly and remove instantly bad mortgage debt. The strength of our experience and knowledge is invaluable to anyone seeking for a solution.

Fernando Herboso Broker for Herboso & Associates 240-426-5754

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?

 

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

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

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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 www.Short-Sales-Expert.com 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