Is a Short Sale Right for You? Read and then Decide!

Posted by Owen McGab Enaohwo on Jul 27, 2010 | View Comments

Real Estate is totally different today than it was just ten years ago, especially because of the “Great Recession”. One thing that has changed is that, more than ever, the term “Short Sale” is now a hot topic that almost anyone paying attention to the news media must have heard. Many sellers who have determined that they can’t sell their home for the amount they owe are now considering doing a short sale instead of allowing the lender to foreclose. But is it always a good thing? How can you tell whether a short sale is right for you? Let’s take a look at some guidelines that will help you decide.

A True Foreclosure Story – Note: the tale you are about to read might be yours!

Posted by Owen McGab Enaohwo on Jun 24, 2010 | View Comments

Painting the picture – You are a homeowner experiencing a financial hardship, you have lost your job and can’t keep up with your mortgage payments. You desperately need to find a solution to the problem because it’s weighing down heavily on you. You can barely function or think properly because it feels like your whole world is crumbling and you need to get you life back on track.

Maryland short sale approval success story: $91K Forgiven (discounted) by American Home Mortgage Servicing

Posted by Owen McGab Enaohwo on May 31, 2010 | View Comments

My reason for doing this:

I have decided from now on to start blogging about my success with short sales so that you can see for yourself the prove that once you hire me as your real estate agent; I will get the job done, you will get to avoid foreclosure and get the peace of mind that you deserve (enough with the self praise – now to details on this deal).

The background story:

Last December, I got a call Michael Y. (my client and seller of this short sale), he said he had seen a blog post online about short sales that I had written and needed some more explanation. Excited, I gladly took the time to answer all his questions over the phone and then set up a meeting with him several days later to sign the listing agreement. The listing appointment with him was great, when it was over I prepared to do battle with his lender, but first I had to get the property listed.

 

 Testimonial from Michael Y. A successful short sale client in Maryland - Kind words from someone I helped avoid foreclosure [1:24m]: Play Now | Play in Popup | Download

Free Short Sale Seminar for Maryland Homeowners on How to Stop Foreclosure by Owen McGab Enaohwo; a Realtor and Certified Short Sale Specialist

Posted by Owen McGab Enaohwo on Dec 18, 2009 | View Comments

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!

Attention Maryland Homeowners in Financial Distress! Treasury just made Short Sales a lot simpler…

Posted by Owen McGab Enaohwo on Dec 2, 2009 | View Comments

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).