Loan Modification TRAPS for MD Homeowners

WWW.SHORT-SALES-EXPERT.COM

originally published in http://www.reallynicehomes.com/short-sales-expert-maryland-virginia/loan-modifications-help/

Falling Traps:

Watch for these warning signs when you are seeking a LOAN MODIFICATION:

• A guaranty to stop the foreclosure process. .  no matter your circumstances!! You should not allow anyone take chances on your future. . no one can guarantee you this . .only the investor that owns your loan!
• They instructs you not to contact your lender, lawyer or credit or housing counselor. .and let them do ALL THE TALKING for you. . .this is your future at hand. .don't trust a clerk with 100 files to work on your file and give up at the very first busy signal.
• They want to collects a fee before providing any services to you. . HELLO? don't pay unless you see results first!
• They recommend that you make your mortgage payments directly to their loan modification company. .  rather than your lender.  CALL YOUR LENDER FIRST and ASK THEM THIS and see WHAT THEY TELL YOU!

Remember, in a loan modification, you are buying your home again. . .at what price?

After interviewing over 200 distressed homeowners in the last 3 years. . I can assure you without a doubt that a LOAN MODIFICATION with no PRINCIPAL REDUCTION can only benefit your BANK!

Fernando Herboso 

Broker for Herboso & Associates llc

www.Short-Sales-Expert.com

301-246-0001

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

MD DC and VA

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