Acceptable Hardships in a Short Sale : Examples for MD, DC and VA

Acceptable Hardships in a Short Sale : Examples for MD, DC and VA 

This video shows some examples of different hardships acceptable to lenders. .

What makes you the perfect candidate for a short sale? 

A short sale is for those who need one, if you are behind on your mortgage payments. .

A short sale is not for those who simply want one.. .because you simply lost some equity on your house.

In most cases, you must not be able to financially afford your home. .this is what is call being in a  financial hardship.  In some cases, your lender will typically ask you to provide financial documentation in order to validate your hardship.

You may have to write a hardship letter

and provide proof of your financial hardship.

Each lender have their own policies, you may want to contact a short sale expert to help you determine what do you need in order to so a short sale.

Call 240-426-5754 FOR  SHORT SALES EXPERT ASSISTANCE! in PG County , Frederick County Maryland and/or surrounding areas

Acceptable Hardships in a Short Sale

Homes For Sale in Clarksburg Village MD : Touring Clarksburg Village Here

Homes For Sale in Clarksburg Village MD 

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Short Sale Agent in Frederick County Maryland : When should you move out during short sale?

Short Sale Agent in Frederick County Maryland : 
When should you move out during short sale? 


Lets first begin the understanding  of:

What a Short Sale really is:
A Short Sale is the sale of real estate in which the sale proceeds is less than the balance owed on the property's loan. .. and the lender forgiving debt in order for the homeowner to avoid foreclosure.

Considering a short sale in Frederick MD? -- Before proceeding with this idea, you may want to know WHEN are you expected to move out from your house in a short sale?

Did you know that actually staying in your house while the short sale is processed could actually help you?

If the home is vacant, banks get nervous and is an incentive to accelerate the foreclosure process. .EVEN if we are  already in the middle of a short sale!

Reason being, banks know that empty houses invite vandalism
Then.. 
When should you move out in a short sale? 

I invite you to watch our FACT SERIES VIDEOS to learn all about short sales  where this  video answers the question. .

When should you move out during short sale? 

When should you move out during short sale? 

READ IMPORTANT INFORMATION ABOUT FREDERICK MD SHORT SALES HERE

MORE SHORT SALES FACT SERIES VIDEOS

Why Are  Lenders Forgiving Deficiencies?

see video here

Why Lenders Prefer Short Sales?

see video here

How Much DO I have to pay doing a Short Sale?

see video here

Should You Move Out When Doing A Short Sale?

see video here

More Q & A About Short Sales

see video here

Tax Implications during a Short Sale

see video here

The Credit Implications of a Short Sale

see video here

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. .

My team of Agents, 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.

"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." 

~Fernando Herboso|Broker

Call 240-426-5754 FOR  SHORT SALES EXPERT ASSISTANCE! in FREDERICK County Maryland or surrounding areas

 

                                                                           

Read: Author's  Bio

The best way to pick an agent to help you in your short sale in my opinion. .
is to find out what others are saying. .
those that  have already experienced their services ..
like:

CLIENT #1  ( HAPPY RESULTS!) 

CLIENT #2   (COMPASSIONATE) 

CLIENT #3    (SOLD IN THE FIRST DAY!) 

Short Sale Agent in Frederick County Maryland : 

When should you move out during short sale?

Short Sale Agent in Frederick County Maryland : Why Lenders Forgive Debt?

Short Sale Agent in Frederick County Maryland : 
Why  Lenders Forgive Debt?

First, let's find out what a Short Sale really is:
A Short Sale is the sale of real estate in which the sale proceeds is less than the balance owed on the property's loan. .. and the lender forgiving debt in order for the homeowner to avoid foreclosure.

Considering a short sale in Frederick MD? -- Before proceeding with this idea, you may want to know if your lender may forgive you the deficiency of your loan.  .

First of all, 
No one can guarantee you that your lender will forgive you the difference of what you owe vs of what you sell it for in a short sale.
If they do. .run the other way
The only person that can tell you this is the lender alone.
We can force them sometimes for them to release you from a deficiency if you are doing your short sale under a Government program
But, 
This depends in many circumstances that changes form borrower to borrower.

Simply, if you are broke an living paycheck to paycheck.. .you have great chances that this will happen

But, the decision is always made on a case-by-case basis

I invite you to watch our FACT SERIES VIDEOS to learn all about short sales  Our first video answers the question. .

What would your lender FORGIVE YOU the difference of what your house sells for in a short sale to what you owe? 

Why Lenders Forgive Deficiencies?

There are many steps you must take before you venture in a short sale. The most important one is to be fully aware of all your options at any given moment. 

Lets begin understanding 

READ IMPORTANT INFORMATION ABOUT FREDERICK MD SHORT SALES HERE

MORE SHORT SALES FACT SERIES VIDEOS

Why Are  Lenders Forgiving Deficiencies?

see video here

Why Lenders Prefer Short Sales?

see video here

How Much DO I have to pay doing a Short Sale?

see video here

Should You Move Out When Doing A Short Sale?

see video here

More Q & A About Short Sales

see video here

Tax Implications during a Short Sale

see video here

The Credit Implications of a Short Sale

see video here

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. .

My team of Agents, 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.

"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." 

~Fernando Herboso|Broker

Call 240-426-5754 FOR  SHORT SALES EXPERT ASSISTANCE IN FREDERICK County Maryland or surrounding areas

 

                                                                           

Read: Author's  Bio

The best way to pick an agent to help you in your short sale in my opinion. .
is to find out what others are saying. .
those that  have already experienced their services ..
like:

CLIENT #1  ( HAPPY RESULTS!) 

CLIENT #2   (COMPASSIONATE) 

CLIENT #3    (SOLD IN THE FIRST DAY!) 

Short Sale Agent in Frederick County Maryland : 
Why  Lenders Forgive Debt?

Short Sale Agent in Frederick County Maryland : What you should do first before a short sale!

Short Sale Agent in Frederick County Maryland : 
What you should do first before a short sale!

There are many steps you must take before you venture in a short sale. The most important one is to be fully aware of all your options at any given moment. 

Lets begin understanding  

What a Short Sale is:
A Short Sale is the sale of real estate in which the sale proceeds is less than the balance owed on the property's loan. .. and the lender forgiving debt in order for the homeowner to avoid foreclosure.

Considering a short sale in Frederick MD? -- Before proceeding with this idea, you should know about certain  steps you must take first.

Have you tried a loan modification?
Have you contacted your lender?
Is the difficult situation you currently in just temporary?
Have you consider renting your house? 
What about a loan workout?

I invite you to watch our FACT SERIES VIDEOS to learn all about short sales  Our first video answers the question. .

What you should do first before a short sale!

Before Proceeding with a Short Sale? 

READ IMPORTANT INFORMATION ABOUT FREDERICK MD SHORT SALES HERE

MORE SHORT SALES FACT SERIES VIDEOS

Why Are  Lenders Forgiving Deficiencies?

see video here

How Much DO I pay To DO a Short Sale?

see video here

Should You Move Out When Doing A Short Sale?

see video here

More Q & A About Short Sales

see video here

Tax Implications during a Short Sale

see video here

The Credit Implications of a Short Sale

see video here

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. .

My team of Agents, 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.

"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." 

~Fernando Herboso|Broker

Call 240-426-5754 FOR  SHORT SALES EXPERT ASSISTANCE! in FREDERICK County Maryland or surrounding areas

 

                                                                           

Read: Author's  Bio

The best way to pick an agent to help you in your short sale in my opinion. .
is to find out what others are saying. .
those that  have already experienced their services ..
like:

CLIENT #1  ( HAPPY RESULTS!) 

CLIENT #2   (COMPASSIONATE) 

CLIENT #3    (SOLD IN THE FIRST DAY!) 

Short Sale Agent in Frederick County Maryland : 

What you should do first before a short sale!

Short Sales Specialist in Prince George County Maryland | Tax Implications

Short Sales Specialist in Prince George County Maryland 

The tax implications of a short sale ? . .

The 1099-C after a short sale. .what's that?

The IRS sees any money to help you settle a debt as taxable?
The same money the lender is writing it off from your loan amount when you sell.
This could be significant  amount after a short sale

Can this be averted?

The Debt Relief Act of 2007 changed that for many homeowners . .
except, it expired at the end of 2012
then
It was revived and extended for one more year
A lot of people will be helped by the Debt Relief Act . .
You have until December 2013
and then is gone!

Do you have a negative equity in your home?
Are you really a homeowner. . or just a mortgage owner?
Should you wait until your home's value catches up with what you owe to the bank to be in the green again. .
or should you go ahead and start afresh again?

Considering a short sale? -- In this video you will find important information about the reason why you may consider doing a short sale and take advantage of the Debt Relief Act that protects your from paying taxes on debt forgiven


I invite you to watch our FACT SERIES VIDEOS to learn all about short sales  This following video answers the question about . .

"The Tax Implications of a Short Sale"

These videos are intended to provide the latest information to sellers during the process of a short sale.This is our attempt to teach you everything we've learned about short sales, the process and your role as a homeowners during a short sales.

We believe an informed homeowner is easier to assist from the very beginning and your understanding  of the process could benefit you in making the right decisions.

"A Short Sale is the sale of real estate in which the sale proceeds is less than the balance owed on the property's loan. .. and the lender forgiving the debt in order for the homeowner to avoid foreclosure"

If you or someone you care about are currently facing mortgage difficulty, please share these VIDEOS BELOW, 
I also encourage to bypass all these and ask about our FREE DIRECT CONSULTATION about your particular case. .  and remember, peace of mind is ALWAYS the best outcome from a short sale!

Our direct number is 240-426-5754

SHORT SALES FACT SERIES VIDEOS

The Selling Of Your House During a Short Sale

see video here

What is the Short Sale Package?

see video here

Who Represents you during a short sale?

see video here

Obtaining The Approval of your Short Sale

see video here

Why DO a Short Sale after all?

see video here

When you should NOT DO a Short Sale

see video here

Tax Implications during a Short Sale

see video here

The Credit Implications of a Short Sale

see video here

 Short Sales are difficult and a long term affair. .being surrounded by professionals should be a priority for you. ..

Call 240-426-5754 FOR  SHORT SALES EXPERT ASSISTANCE! in PG County Maryland or surrounding areas

Short Sales Specialist in Prince George County Maryland : The tax implications of a short sale ?