Ignoring Certified Letters From Your Lender a NO-NO

My Lender Has Sent Me a Certified Letter-
Should I Worry in A Short Sale?

Reality Estate

Oftentimes our clients./ the  homeowner will get a letter either from the bank or an attorneys office with the dreaded  NOD (Notice Of Default)
Your lender has an obligation to send you this letter when you stop making your mortgage payments.. .
This is regardless if your home is in the market as a short sale or not!’
This  letter is advising you and giving you a formal Notice of Default, which has been filed with the local county recorder’s office.
Many of our clients  don’t understand the significance of this letter or its full meaning.
As a PG County Short Sales Specialist in Maryland

“WE NEED TO KNOW ABOUT IT . .. IF WE ARE HELPING YOU DO A SHORT SALE”

Many of our clients while we are helping do a short sale on their homes. .see a lot of letters and documents coming into their home, and they may not fully understand them.
My advice. .DON’T IGNORE THEM!
Often times we receive these letters in a package from our clients and the envelops have not even been opened!!!
Come on guys. . this is very important. . this not a time to IGNORE IT . .I know is bad news. .but by refusing to open them you are making my job harder. .

I will help you fight it . . but you also need to get involved!
If you are currently missing your mortgage payments and hoping that someone will come and fix your problem. Connecting with a  PG County Short Sales Specialist in Maryland  is a good start

www.Short-Sales-Expert.com

How To Avoid The Loan Modification Trap

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How To Avoid A Deficiency Judgment When Doing A Short Sale 100% of the time

http://www.Short Sales Expert.com for Maryland DC and Virginia Short Sales Agent 240-426-5754

How could you assure yourself 100% from a deficiency judgmentafter a foreclosure, a deed in lieu of foreclosure or a SHORT SALE?

Before I can tell you how to avoid it 100%

You need to know exactly what a deficiency judgment is

Very simple..

It is what you signed for as a loan when you originally purchase your property

And

What the banks gets after the disposing of. . It’s their loss that could become a deficiency judgment

It doesn’t matter if they dispose of the property via

Foreclosure: At the court steps, it gets sold and you could get the bill for the difference.

Deed in Lieu: Even if the first lender approves this and promised not to pursue a deficiency against you, BEWARE OF THE SECOND . they are not happy that are excluded and will receive ZERO at the end. .they still have the right to come after you unless there was some kind of prior agreement with them.

Short Sale: When a short sale was approved, they may still preserve the right to pursue. . Unless is specifically addressed on their final short sale approval.

So, how can you be certain that the lender will never come after you with a deficiency?

It’s called The HAFA SHORT SALE

As a matter fact, every short sale that we do must go first to trough the HAFA test. We want a HAFA approval for our client because it guarantees that the lender will not seek adeficiency judgment against our them. . EVER!

As you know, that could make any homeowner happy. .in some cases we are getting a deficiencies waive on over a hundred thousands of dollars that the lender promises not to pursue!

If you are in MD DC or Virginia, we will be happy to help you see all your options because no TWO SHORT SALES are ALIKE

Fernando Herboso 240-426-5754

Realtor Expert in Short Sales

for MD, DC and VA 

www.Short-Sales-Expert.com