Real Estate Blog from a Maryland Real Estate Investor & Agent; a blog where you will find investing, internet marketing Information, business advice, short sale and real estate deals. I guarantee it!
I am offering a Free Short Sale Seminar for Maryland Homeowners on How to Stop Foreclosure. This is a community outreach program I am offering to the Maryland public in order to meet my goal of helping 67 families avoid foreclosure in 2010 (See Press Release for more details – www.budurl.com/VowToHelpMDFamilies)
Title of the Seminar: What is a Short Sale? Is it right for me?
Cost of the Seminar: $Free.99 = Its totally free!
Topics to be covered:
The new Treasury department’s Short Sale Guidelines, the benefits and how it will affect you
Can A Short Sale Prevent Foreclosure?
Do I Have To Be Behind On My Payments?
What Is A Recourse Loan?
Dealing With A 2nd Lien Holder…Does It Affect The Sale?
How Long Does A Short Sale Take To Complete?
Are There Tax Ramifications?
How Does A Short Sale Affect Credit Scores?
Can I Live In The House While It Is Up For Sale?
Short Sale –vs- Foreclosure?
Bank Pays Commissions – It’s Free To You…You Pay NO Realtors Commissions
Venue:
Online off course by means of modern day technology! So schedule an appointment at your convenience and free time. First become a fan of my FaceBook page, then make your appointment and I will be available to answer all your questions:
(link to my FaceBook pagewww.budurl.com/ShortSaleSolutions)
To get updates on short sales and other foreclosure related information you will also have to follow me on Twitter:
(link to my Twitter profile@PropertyLion)
Time: You schedule the appointment and I will be there for you. I am at your service! Call me now @ 866-205-6352 to schedule an appointment
This is a community outreach offered by a local real estate agent that is
a member of the community and is a Certified Short Sale Specialist.
If you or someone you know is struggling with house payments or a great
deal of negative equity this discussion will benefit you.
Completely confidential and no obligation, I am here to
help.
This is an announcement for a Single Family Residence I have listed For Sale in Severn MD 21144 – Short Sale:
HOME SOLD AS IS. TOTALLY UPDATED FROM TOP TO BOTTOM IN 2005. CROWN MOULDING,DECK AND TOTALLY FINISHED BASEMENT WITH FAM RM,1/2 BATH AND 3RD BR. WOOD FLOORS ON MAIN LEVEL. MBR WOOD FL.WALK IN CLOSET&SUPER BATH. YOU MUST GO INSIDE IT IS BEAUTIFUL.PRICED WELL BELOW NEIGHBORHOOD.
For complete information of this property directly from the MLS; Call 301-841-7593 for more information OR go to
This is an announcement for a Rancher I have listed For Sale in Randallstown MD 21133 – Short Sale:
Submit AS IS offers for this Well maintained Rancher, 3 Br / 2 Ba on main level. Its a beautiful home, Hard wood flrs throughout main level, and fully finished basement with wall to wall carpet and additional rooms. Huge back yard with cement patio and shed. One bathroom on main floor needs little work.
For complete information of this property directly from the MLS; Call 301-841-7593 for more information OR go to
This is an announcement for a Condo I have listed For Sale in Bowie MD 20720 – Short Sale:
Home will be sold AS IS, bring offers! This beautiful condo in Glensford is perfect for those wanting stress-free living!Just come home to this 2 huge bedrooms, 2 full baths, separate living and dining rooms with beautiful cathedral ceilings, living room w/fireplace, an updated eat-in kitchen, deck, Fabulous!
For complete information of this property directly from the MLS. Call 301-841-7593 OR go to
An Obama housing initiative that I can totally agree with
On November 30th 2009, the Treasury department came out with a new set of guidelines called “Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure” or HAFA for short. It is the new addition to the Home Affordable Modification Program (HAMP) (HAMP is meant to help homeowners get their loans modified but in my view the HAMP plan has not been successful because most lenders were unwilling to reduce the principal amount owed by the borrowers especially when home values have dropped significantly – now enough of my opinion on HAMP and back to HAFA the reason you are reading my blog post).
The scheduled effective date for HAFA is April 5, 2010 but smart servicers and lenders will be wise to implement the program before that time (with enough pressure from homeowners, I am sure the wise lenders will not wait till then, so learn as much as you can about HAFA and start calling your lender to task). Once HAFA is in full effect, homeowners will be accepted into the program as long as all the requirements are met and the paperwork is received on or before December 31, 2012 (Hence I have more than enough time to start working on providing you a solution as your Real Estate Agent especially if you reside in Maryland).
So what is HAFA proposing as the foreclosure alternatives for Homeowners?
Simply put, Treasury has proposed that lenders (and/or servicers) offer Short Sales or Deed-in-Lieu (DIL) as the alternatives to foreclosure for homeowners who are unable to be approved for a HAMP modification request, a HAMP modification was offered and not accepted by the homeowner, the homeowner falls out of a HAMP modification or the homeowner requests for a short sale or DIL. The HAFA program is meant to streamline the use of short sales and DIL by lenders and make the entire process a lot simpler and quicker!
