SEARCH MD SHORT SALES

Sometimes, a Loan Modification is a solution for a borrower who wants to stay in their property.  A  mortgage pay rate reduction will lower the monthly mortgage payment to a manageable amount.  Maybe the payment has not been made for a while, but the borrower can now afford to start making payments again.

The borrower has to qualify again for a loan. The most important factor the bank will check out is your ratios. . .can you afford the monthly payment based on your verifiable income?  “Reportable” past income history for the last two years. . . reported. 

Contact Fernando for a free consultation to discuss in more detail the Short Sale option for you in Maryland, DC or Virginia
Fernando Herboso

SEARCH MRIS SHORT SALES 

When is a short sale an option?
The first thing you’ll probably need to find a real estate agent experienced in short sales.

Essentially a Realtor will find a buyer and negotiate with your bank to take a smaller payoff and you can avoid foreclosure all together.

There are requirements that you must have to qualify for a short sale.  For a free consultation and to learn more about a SHORT SALE in Maryland, DC or Virginia please contact me.

Fernando Herboso