Wednesday, August 25, 2010
Friday, July 3, 2009
Wednesday, March 11, 2009
Short Sales in Maryland / Short Sale Realtor
for
Maryland, DC and Virginia
!
these days. .
That's why you should be very careful what
Realtor to hire and help you
SHORT SALE YOUR HOME
"WHY?"
Simply because. . your future financial life is on
the line!
Hi, may name is Fernando Herboso associated with Choice Real Estate and president of Herboso & Associates.
I'm a Short Sale Specialist in the Maryland, DC and Virginia region
Becoming a Realtor that specializes in short sales. has been a quest for me these past couple years.
I become certified with CDPE (Certified Distressed Property Expert) early in 2008 and we have
become an authority in the Maryland Region for Short Sales.
I was recently interviewed by the Washington Examiner for a story about Short Sales and Foreclosures.
I would like to have an opportunity to speak to you if you are considering selling your home in a
short sale
should think about this grand step, exhaust all the possibilities and and be advised by the right
person (s)
will answer many questions. . .
Finally, here's an example of a short sale approval we received for over $285,000 in one single
property HERE
I want to take this opportunity to tell you that our personal mission is to bring to you a level of
knowledge, experience, commitment, high standards and results to answer your housing needs. I
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.
Thank you in advance for your consideration and I look forward helping you.
Please remember, that a short sale may not be the best course of action for you. . give me
a call to find out.
Herboso & Associates
Phone: (301) 881-8900
Cell: (240)426-5754
www.ReallyNiceHomes.com
Saturday, December 20, 2008
Sunday, October 19, 2008
Late On Your Mortgage Payments?
Short Sales in
LATE ON YOUR MORTGAGE PAYMENTS?
3 THINGS YOU SHOULD DO NOW. .
1. Don’t ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
2. Contact your lender as soon as you realize that you have a problem. Lenders do not want your house. They have options to help borrowers through difficult financial times.
3. Open and respond to all mail from your lender. The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.
To find out if you may qualify to do a short sale in
"Is A Short Sale An Option For Me?”
Need Inmedaite HELP? call us direct at 240-426-5754
Short Sales in
More about SHORT SALES IN MARYLAND
Monday, August 18, 2008
Germantown MD Real Estate
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
Foreclosures in Gaithersburg MD
Foreclosures in Montgomery Village MD
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!
For Sale | Frederick Condos For Sale | Urbana Homes For Sale | Frederick Homes For Sale | Any Germantown Real Estate | Any Frederick Real Estate | Any Montgomery Village Homes For Sale | Any Montgomery Village Real Estate | Any Homes For Sale In Frederick | Any Homes For Sale in Germantown | Any Real Estate in Frederick MD | Any Real estate in Rockville | Any Real Estate In Clarksburg | Any Condos for Sale in Montgomery County | Any Condos for sale in Frederick | Any Condos for sale in Gaithersburg | Any Townhouses for sale in Frederick | Any homes for sale in Frederick | Any Homes for sale in MD | Any Fountain Hills Homes For Sale in Germantown
Urbana Relocation- Urbana Maryland Real Estate
Urbana in Frederick County Maryland,
Information about Urbana MD Real Estate
Discover Urbana Maryland- Homes For Sale
( an educational real estate guide)
When you're considering buying a home or selling a home in Urbana 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 Urbana 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.
Urbana Maryland has approximated 4,000 residents and is located in the northern part of the state of Maryland, in Frederick County. This primarily residential community has experiencied a robust and significant growth due to it’s proximity to the US Capital.
SEARCH FOR URBANA HOMES FOR SALE HERE NOW
Frederic Maryland Official Website Link: HERE
The City of Frederick and the county of Frederick in general has a real estate market that is balanced compared to other counties in the state.
Villages Of Urbana Website HERE
Look at Urbana for example and more particularly, "The Villages Of Urbana" is an award winning urbanization that will leave you breathless.
As soon as you arrive, you will feel the welcome of The Villages of Urbana, it offers modern convenience with the country flavor of a traditional hometown setting. Enjoy the tree-lined streets and gracious sidewalks throughout this old fashioned neighborhood. You can easily walk to the town centre and visit the village shops, restaurants, and a modern library. Spend some time with friends and family at the community pool, wanna play tennis? perhaps use the well maintained basketball courts, or simply excercise and use the miles of extensive walking paths. The best of both worlds. . visit the mountains of Frederick less than 30 minute drive or visit the White House less than an hour drive.The Villages of Urbana is located perfectly just outside Montgomery County and convenient to I-270 and I-70.
The existing homes for sale for Frederick County Maryland typically range from townhouses to two story ranch homes or colonials. A majority of Frederick homes for sale in the residential single family detached houses category range from $200K - $400K. Use our easy MLS –SEARCH FOR HOMES IN FREDERICK to pinpoint and map out homes that meet your specific Frederick MD real estate needs.
SEARCH FOR FREDERICK HOMES HERE NOW!
Not So in the Villages or Urbana. Typically homes available in the villages are between $450K to $750
Towhouses range in the high 300's to high 400's
Frederick County and the City Of URBANA Schools
Use this LINK to get all the information about schools in the Frederick area.
We have specific reports about any school district in Urbana 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 Frederick 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 Frederick Comunity Website
· City Of Urbana Comunity Website
· County of Frederick Website
· City Of Frederick WIKIPEDIA
Local Newspaper The Frederick NewsPost 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!
For Sale | Frederick Condos For Sale | Urbana Homes For Sale | Frederick Homes For Sale | Any Germantown Real Estate | Any Frederick Real Estate | Any Montgomery Village Homes For Sale | Any Montgomery Village Real Estate | Any Homes For Sale In Frederick | Any Homes For Sale in Germantown | Any Real Estate in Frederick MD | Any Real estate in Rockville | Any Real Estate In Clarksburg | Any Condos for Sale in Montgomery County | Any Condos for sale in Frederick | Any Condos for sale in Gaithersburg | Any Townhouses for sale in Frederick | Any homes for sale in Frederick | Any Homes for sale in MD | Any Fountain Hills Homes For Sale in Germantown
Wednesday, August 13, 2008
The New Housing Bill. . Do You Qualify?
Please understand the Housing Bill that recently passed to help current homeowners in refinancing their home to save them from foreclosure.. . Has many flaws but it will be some help for a few homeowners that may qualify.
In a nutshell it means that you could qualify for an FHA refi for 90% of the CURRENT value of your home. The caveat here is that your bank has to agree to do the refinancing. The bank will weight the consequences in accepting such a major default from your original loan.
Take the following test if you qualify. . .
TEST #1 the bank will ask themselves. .Could we get more money if we just foreclosed?
Remember that NO BANK has agreed to participate in this program. . This is on a case by case basis.
TEST #2 Your loan must have originated between the daters of January 2005 and June 2007
TEST #3 You should be spending more than 31% of your gross monthly income on mortgage debt to be eligible
Test #4 You can be up to date on your existing mortgage or in default, but either way you must prove that you can’t keep paying your existing mortgage
Test #5 You can’t have any other debt in your home. .like a Home Equity Loan, and in addition you will be NOT BE ABLE to take an equity loan for at least 5 years. There are certain exemptions like you may be allowed to borrow money to repair your house.
Test #6 This program will begin on October 1, 2008 and sunset on September 30, 2011.
If you pass this test then. . .
You will need to apply with any FHA-approved lender to start the process.
Please remember that this is a voluntary program and no lender is obligated to give you this break. The key thing here is that “The bank has to be convinced that they could LOSE more money if a foreclosure is eminent.
Each loan will have to pass underwriting from an FHA lender and you will still have to qualify based on your income and maximum FHA loan limits. (This changes depending where your home is located in) Check with your lender if you have a high end home.
Costs Associated with these loans.
Loan origination fees will vary which lender you use. They’re should be little up-front charges here but. .
Two major things to take in consideration
#1 you will be paying insurance premium guaranteeing the loan.
#2 you will be sharing the profits from the sale of your home if you decide to sell. .
Before one year: You will have to give them 100% of the profit
After year one, you will pay 90% of the profits
After year two, you will pay 80% of the profits
After year three, you will pay 70% of the profits
After year four, you will pay 60% of the profits
After year five, you will pay 50% of the profits. . And it will stay there until you sell it.
These are the major points about this housing bill.
The required Disclaimer is warranted to end this article. . So here it is.
Disclaimer: Best efforts have been used to prepare the material presented. The author Fernando Herboso , Herboso & Associates and Choice Real Estate do not warrant that this information is 100% accurate. Information presented in this article was taken from various websites including HUD.GOV. Please consult with a FHA approved lender and a certified accountant to learn of the full ramifications of this program to your finances. The author and Choice Real Estate may not be held liable, in any circumstance, for damages or loss, including but not limited to this article and its contents.
Tuesday, August 5, 2008
My Technorati Account
Why is linking so important?
A link from one weblog to another helps provide context around an argument or point, and it is essentially a "vote of attention" from one blogger to another. By linking to another site or blog, the weblog author is saying, "I find what you are saying important enough to link to it." Linking also helps create the conversation of the Web, the critical mass of connected thought that is not available in static text.
The relevance of a site on the Web can be determined by how often a source is cited and therefore considered an authority. Links in the world of weblogs are even more important since bloggers frequently link to and comment on other blogs, creating a sense of timeliness and back-and-forth one would have in a conversation. Technorati tracks the number of links and the unique source of links to determine the breadth and readership of any author or site. Technorati is uniquely positioned in the center of this ongoing conversation monitoring who is linking to whom and which bloggers are commanding attention on various topics.
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