Germantown Short Sales Expert Specialist
QUESTIONS AND ANSWERS
Q: Which is worse in terms of effect on a credit score – foreclosure, short sale or a deed in lieu of foreclosure?
All of them will affect your credit. . A foreclosure has the most negative effect. Every bank reports it differently. Most will report it as "settled for amount less than owed". Ultimately, if your credit score is important to you, avoiding a foreclosure should be priority one
Q. What is my tax liability in a short sale ?
Currently a Bill in the U.S. Senate ( H.R. 3648) that alleviates any tax liability created from a Short Sale on your primary residence. The key word being primary residence. An investment property is defined as you living less than 2 years for the last 5 years.
Q. What is insolvency when it applies to short sales?
Insolvency is when an individual's liabilities exceed their assets. Simple enough. A test to determine your liabilities and your assets immediately before the cancellation of your debt will tell you if you are insolvent or not. .. .for a short sale, in most cases you must be insolvent.
Please read my eBook about short sales below. .It will answer many more questions about short sales in general.
An important question:
How much a short sale cost me Fernando ?:
SEE ANSWER HERE
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
What our clients say about us. .
------------------------------------------------------------------------------------------------
“Thank you Fernando and Susan (Team Member)for EVERYTHING! We are so relieved to be out of this mess and to be able to start over again.
It really has taken a load off of our minds and knocked down the stress level A LOT! You were both completely on top of your game (and the mountain of paperwork) which made this entire process go so smoothly. I really cannot believe that it's OVER and everything did work out to our advantage. We knew we were taking a gamble with the short-sale, but we really owe our success to you and your team.”
THANK YOU! THANK YOU! THANK YOU!
Amanda & Eric B
--------------------------------------------------------------------------------------
"Herboso & Associates did an excellent job of listing my condo and handling the short-sales process for me. Fernando is extremely knowledgeable and took the time to answer all my questions and concerns. He was efficient and took care of all the negotiating with the lender and the buyer.
California Client, A. Nguyen"
Read my latest book www.AdiosLender.com here
Disclaimer
The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. Herboso & Associates makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property in a short sale.
Homeowners are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. Herboso & Associates are not Advisors and they are not a legal law firm. We strongly encourages all parties, agents, homeowners brokers and mortgage lenders involved in a transaction to seek such advice from a professional advisor.
Fernando is an Associate Broker and founder of Herboso & Associates for MD, VA and DC
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
PRESS THE BUTTON FOR INMEDIATE HELP FOR
Germantown SHORT SALES
Germantown Short Sales Expert Specialist
Germantown Short Sales Expert Specialist
QUESTIONS AND ANSWERS
Q: Which is worse in terms of effect on a credit score – foreclosure, short sale or a deed in lieu of foreclosure?
All of them will affect your credit. . A foreclosure has the most negative effect. Every bank reports it differently. Most will report it as "settled for amount less than owed". Ultimately, if your credit score is important to you, avoiding a foreclosure should be priority one
Q. What is my tax liability in a short sale ?
Currently a Bill in the U.S. Senate ( H.R. 3648) that alleviates any tax liability created from a Short Sale on your primary residence. The key word being primary residence. An investment property is defined as you living less than 2 years for the last 5 years.
Q. What is insolvency when it applies to short sales?
Insolvency is when an individual's liabilities exceed their assets. Simple enough. A test to determine your liabilities and your assets immediately before the cancellation of your debt will tell you if you are insolvent or not. .. .for a short sale, in most cases you must be insolvent.
Please read my eBook about short sales below. .It will answer many more questions about short sales in general.
An important question:
How much a short sale cost me Fernando ?:
SEE ANSWER HERE
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
What our clients say about us. .
------------------------------------------------------------------------------------------------
“Thank you Fernando and Susan (Team Member)for EVERYTHING! We are so relieved to be out of this mess and to be able to start over again.
It really has taken a load off of our minds and knocked down the stress level A LOT! You were both completely on top of your game (and the mountain of paperwork) which made this entire process go so smoothly. I really cannot believe that it's OVER and everything did work out to our advantage. We knew we were taking a gamble with the short-sale, but we really owe our success to you and your team.”
THANK YOU! THANK YOU! THANK YOU!
Amanda & Eric B
--------------------------------------------------------------------------------------
"Herboso & Associates did an excellent job of listing my condo and handling the short-sales process for me. Fernando is extremely knowledgeable and took the time to answer all my questions and concerns. He was efficient and took care of all the negotiating with the lender and the buyer.
California Client, A. Nguyen"
Read my latest book www.AdiosLender.com here
Disclaimer
The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale. Herboso & Associates makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property in a short sale.
Homeowners are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. Herboso & Associates are not Advisors and they are not a legal law firm. We strongly encourages all parties, agents, homeowners brokers and mortgage lenders involved in a transaction to seek such advice from a professional advisor.
Fernando is an Associate Broker and founder of Herboso & Associates for MD, VA and DC
Call Fernando Herboso Realtor® Associate Broker
240-426-5754 for a FREE Consultation.
PRESS THE BUTTON FOR INMEDIATE HELP FOR
Germantown SHORT SALES
Germantown Short Sales Expert Specialist
Looking for a Great Deal In Germantown Maryland?
Search For Foreclosures in Germantown MD
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Germantown in Montgomery County Maryland,
Information about Germantown MD Real Estate
Discover Germantown Maryland- Homes For Sale
( an educational real estate guide)
When you're considering buying a home or selling a home in Germantown Maryland , it's a good idea to work with a local real estate expert to help ease the real estate purchase process. There's far more to home buying than just searching Germantown Maryland Homes. For your consideration,. I would like to introduce my Team Of Realtors_ Herboso & Associates. Afiliated with Choice Real Estate, we can give you the knowledge, advice and counsel you need to make the right decisions about your real estate investment.
Germantown Maryland has approximated 60,000 residents and is located in the heart of the state of Maryland, in Montgomery County. This primarily residential community has experienced a robust and significant growth due to it’s proximity to the US Capital.
SEARCH FOR GERMANTOWN HOMES FOR SALE HERE NOW
Germantown Maryland Info Website Link: HERE
The City of Germantown and the county of Montgomery in general has a real estate market that is balanced compared to other counties in the state.
Germantown MD TOP 100 Best Cities To LiveHERE
Look at Montgomery County for example and more particularly, "Germantown " The city boasts one of the best prices in real estate in Montgomery County less than 40 minute drive to downtown DC
As soon as you arrive, you will feel the welcome of it's residents , it offers modern convenience with plenty of restaurants, village style shops and a Twon Center that is the envy for all the surrounding comunities around.. The best of both worlds. . visit the Sugar Loaf Mountaing less than 15 minute drive or visit the White House less than an 40 minute drive. Germantown is located perfectly just outside Gaithersburg and Calrksburg and very convenient to I-270 .
GERMANTOWN MLS Homes For Sale
The existing homes for sale for Germantown Maryland typically range from townhouses to two story ranch homes or colonials. A majority of Germantown homes for sale in the residential single family detached houses category range from $450K - $650K.
You can find townhouses from the $200's to the 400's Use our easy MLS –SEARCH FOR HOMES IN GERMANTOWN to pinpoint and map out homes that meet your specific Germantown MD real estate needs.
SEARCH FOR GERMANTOWN HOMES HERE NOW!
Montgomery County and the City Of Germantown Schools
Use this LINK to get all the information about schools in the Germantown area.
We have specific reports about any school district in Germantown that you would like to get more information about.
Please contact us and well will be happy to send you a copy of this detailed report by mail or email.
We have the perfect local guide information and we are an excellent resource for all home buying
Other Useful Official Websites for Germantown Maryland
The folowing Websites are excellent sources of information. All other websites, including ours. . please remember that sometimes these websites may contain outdated or incorrect information.
· City Of Germantown Chamber Of Comerce Website
· Montgomery County INFO website
· City Of Germantown Wikipedia
Local Newspaper The GAZETTE READ IT HERE
Our personal mission is to bring to you a level of knowledge, experience, commitment, high standards and results to answer your housing needs. We believe, the most effective way to provide superior service is to build a strong working relationship with you. Our systems includes regular consultations and feedback, which is the best tool for identifying and clarifying your housing objectives and help define strategic solutions
Need immediate help? Call 240.426.5754 right now!
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