Clarity Is Needed When Choosing Strategic Default

Considering Strategic Default?

Clarity is your friend, ,

Your Choices . . .

It seems that more and more homeowners are facing tough choices in the next few months. .
The time for band-aid fixes are fading away. . Especially after your loan modification has just FAILED!

What to do? 

It’s troubling that homeowners have risen up to their obligations and share a responsibility to make it right. .meanwhile businesses make decisions based on what’s good for their share holders

Is that really the right approach for a homeowner?

If you take the emotional side out of your choice. . . here are some tips to help you with the rest:

Clarity: Find out your desired outcome. Clarity is remarkably easy to find when you actually seeking it. As you find yourself with a mortgage underwater,  immediately focus on a resolution. . .otherwise you will be piling stress to your life until you take a stand.
Clarity is based on  hard numbers and facts. . . while emotions are put aside.

Options: Explore the options available to you now. Concentrate on your preset situation and use actual data to bring a feasible solution.

Put it in Writing:   Make a list of at least 3 different alternatives and likely scenarios and use it to craft a blueprint from which your heart and mind can develop the solution you are seeking for. .

Your family will thank you for it. .

Fernando Herboso is a Broker Specializing In Short Sales for Maryland & Virginia

240-426-5754

Fernando@ReallyNiceHomes.com

Rent With Option To Buy. . .a True Opportunity

This Is A One Time Opportunity. . . (If you want to buy a home but simply can’t. . .click on the picture below to get started) Discover How to You Can Literally Control A Property With No Money Down Using a Little Known Advantage by Doing a . . . … Rent With Option To Buy Available For Properties in Maryland’s Montgomery County, PG County, and Frederick Counties If you are looking a Rent With Option To Buy Because your Credit Score Is Less Than Perfect. . Consider. .us to help you. . The Rent With Option To Buy is a sensible solution to teh housing needs of people that want but can’t! Just check the benefits for this option: First For For Sellers: Top sales price, even if demand is low: As a seller you attract more buyers who are willing to pay a premium because of the exclusive financing terms and value you’re offering. Higher than usual rent: Since you are flexible on your financing terms and are offering a tremendous value, you normally can demand a higher than usual rent. Positive cash flow: More likely that you will have a positive cash flow because of a higher than normally rent. Non-refundable option money: When a tenant/buyer signs a Lease to Purchase contract, you may receive a non-refundable option deposit that is yours to keep should they default or decide not to buy. This swirl depend in the contract you are willing to agree with the purchaser, Highest quality tenants, minimum risk: Because you are renting to people interested in buying your house. .they will have a vested interest in your property. Tax shelter is held intact: Because you remain on the deed until the option is exercised, you maintain all of the tax benefits of ownership. Largest market of buyers: In addition of marketing to traditional buyers. .you can add renters and investors. .right now, they are the majority of the buyers out there. Peace of mind: It is safer than conventional rentals because the tenants want to take care of “their” home better than a conventional renter would. Ok, I know you are not the seller . .you are the tenant interested in an Option To Rent. . What are your benefits? Faster equity growth: Equity accumulates much faster when there is not a 30 year mortgage yet. . Rent money is working towards purchase: Every month a portion of your rental payment (typically $100-$300) is credited towards your down payment and/or off the sales price agreed at signing. Option money is credited towards purchase: Essentially this is your deposit money. . this will be credited to you at closing. Minimum cash out of pocket: When you purchase a home the conventional way, you must pay at least 3.5% down plus closing costs and prepaid fees. When you buy with a Lease to Purchase, you only pay first month’s rent and a small option deposit. This will save you between 25% and 85% every time you buy a home. Profits from appreciation: Since the sales price is locked in before closing , any increase in property value will mean that your equity is increasing in the home. Possible sale for a profit: Provide you have an assignment clause on your contract. .you are allowed to sell (assign) your option and just maybe . . you may sell it to a third party for a profit. Increased buying power: When you buy a Rent  With Option to buy.. .your monthly mortgage determines up to how much you should look for in a home.. . as opposed to your down payment if you would buy the home in a traditional way. Credit problems okay: Qualification restrictions simply do not exist at this moment.You will be approved at the sole discretion of the landlord/seller based on your desire to purchase the property and his criteria that determines if you make enough money every month to meet your bills. Control of the home: You will be put in full legal control of the home for a specified period of time without actually having to own it. If the prices drop. . you can drop the contract and you are not obligated to purchase it. No taxes, less liability: Since you do not own the home (yet), you will not have to pay property taxes and your liability exposure will be dramatically reduced. Quick move in time: You can typically take possession of the home in a week or less depending in availability. . you do not have to wait 30 days or more like in a conventional purchase. Maximum leverage: You are spending very little of your money to control a potentially very expensive, and very profitable, piece of real estate. Time: Before you actually buy the home, you will have 12 to24 months (depending on your agreement) to repair your credit, find the best interest rates, investigate the home and research the neighborhood and/or schools. Minimal maintenance: Large maintenance problems or any maintenance problems that exceed a certain amount of money can be delegated to the landlord/seller. Although there are a lot of benefits of purchasing a home through the lease option, the risks are still there.Anyone getting involved in a Rent With OPtion To Buy should find an experienced profesional Realtor that can guide you and protect you.. Hello, my name is Fernando Herboso with Herboso & Associates. If you are serious about finding a home with option to buy. . contact us and if we are a match and we can deliver. . we will work for you until we find you just the right property. Caveat. . if you are wishy washy and not really know what you want yet. . ..wait until you find out first and then give us a call … We are very motivated to help you . .only if you are motivated! We work with people who are serious about wanting to buy and own a house. We want people who will have pride of ownership and be good neighbors. We look for people who have a reliable job and income, financially responsible, and have a good tenant history. Having decent credit is preferred but not required. We look at every family on a case-by-case basis. . Some Qualifications we look for: We generally have easy qualifications for our applicants. The two most important things we look for are: whether you are currently employed at a job in good standing and have a good tenant history. We understand that you may have experienced foreclosure, repossessions, bankruptcy, overdue medical bills, or other credit challenges in your past. Good news! We not only understand those challenges but we also believe in giving people second chances! If you have the necessary upfront money and are gainfully employed with a good tenant history, we believe you will be a strong candidate for our Rent to Own Homes. Hiring Fernando Herboso & Associates and you will find very quickly : · Exceptional service · Free representation, we make our fees from sellers · Top quality fully experienced personnel · Friendly, expert advice · Rapid delivery We will move at your pace. .need a home in two weeks? WE WILL DELIVER! Fernando Herboso Herboso & Associates Broker/Consultant Primetime Realty Homes “Working with us will give you the advantage you are looking for” Office Phone: (240) 898-1848 Cell: (240)426-5754 www.ReallyNiceHomes.com

King Farm in Rockville Maryland Community and Real Estate Information

Take a stroll in King Farm. . .. go ahead. . climb aboard click on the video now. .

King Farm is a community founded in 1997.  With space for living, working, shopping, near-transportation and recreation.

King Farm is located just across the street form the Sahddy Grove Metro.

Over  400 acres of  conveniently located homes in the center of Montgomery County, Maryland.

King Farm is the model of new urbanism.

Check map below, King Farm is located approximate 16 miles from teh White House. .north of Washington, D.C.

It is located between Interstate 270 to the west and the Shady Grove Metro transit station to the east.

King Farm is location “supremo” no doubt. .

SEARCH FOR HOMES IN KING FARM BELOW:

See Map Based Homes For Sale in King Farm Rockville Maryland

See ALL Homes and Condos For Sale in the same ZIP CODE 20850 in King Farm

SEE ALL FORECLOSURES IN ROCKVILLE MARYLAND HERE

King Farm Rockville Maryland

Gateway Commons in Clarksburg Maryland 20871 New Homes For Sale

Search for Homes in Clarksburg MD 20871 here

Search for Homes in Clarksburg MD 20871 here

This is one the newest neighborhoods in Clarksburg Gateway Commons . Located just off of I-270 in gorgeous Montgomery County, Maryland, Gateway Commons features carriage-style single family homes. These unique homes range all the way up to  to 2,500 square feet of living space and all of the conveniences demanded by today’s lifestyles.

This great neighborhood Gateway Commons is just minutes away from great shopping, dining, parks and 355 and I-270

• City:Clarksburg, MD
• County:Montgomery
• School District:Montgomery

Lennar is the builder and they offer many extras on each of these homes. .
Please contact us at 240-426-5754 if you are looking for Clarksburg homes.
We know how to negotiate with the builder to give you the best possible chance of absolutely the best priced you can get!

Parks near Gateway Commons. .

Fernando Herboso with Herboso and Associates 240-426-5754 www.RealltyNiceHomes.com

Search for Homes in Clarksburg MD 20871 here

How To Hire A Realtor To Do Your Short Sale

It all begun when one of my buyers agent put an offer on a short sale and slowly we realize that the Realtor did not know how to do short sales.

I’ve seen gross negligence during my life as a Realtor from other agents and professionals. . .but this took the cake,

Our offer was the second offer received on this particular short sale and she did not have a clue what to do with the two offers. .so she told us that she was sending them both to the bank for them to approve one of them.

No, no, no, no. . a bad thing is happening for that homeowner selling the property as a short sale.. .two offers to the bank could only jeopardize the short sale negotiations and eventually could mean a foreclosure for that homeowner.

I wanted to call the homeowner and tell her the tremendous disservice this Realtor is doing representing them. .but I can’t, I’m prevented by law not to contact the homeowner. .

But I did the next best thing. .

Here are 5 Things To Watch For When Hiring a Realtor

To DO Your Short Sale

Short Sales Realtor Maryland

Silver Spring Homes For Sale

All Silver Spring Homes For Sale, including:

• Foreclosures

• Short Sales

• HUD Properties

• REHABS

Click On The Picture Below. .

Marketing To Sell Your Home. .A True Genius Approach. .

Marketing is the secret to sell your home

FASTER and

for MORE MONEY!

Check this Video. .

Click HERE to see one of our Marketing Plans To Sell A Home in Maryland

There are only two ways to sell a home . . .

You can reduced  the asking price or you can do your marketing correctly!

Click HERE to see an “AUTOPSY” how we sold a home in 9 days!

NINE DAYS!!!!! . . .In Today’s Market!

9  nine. . .nueve!

Deed –for-Lease . . a “New Fannie Mae Program”

Up until now, there has been only 3 options when you can no longer afford to pay for your mortgage

 

1. A Short Sale

2. A Deed-in-Lieu-of-Foreclosure

3. Foreclosure

 

Fannie Mae has come up with a 4th one. .

Introducing Deed-For-Lease-Program from Fannie Mae

A new program that allows you to temporarily lease your home. You first transfer the ownership of your home to the mortgage company (called a Deed-in-Lieu of Foreclosure, see below) in exchange for release from your mortgage loan and payments. You can then rent the property back — at an affordable rate — and remain in the home as a tenant. Deed-for-Lease benefits:

4. Stay in your home and neighborhood — no need to move or relocate

5. May be able to recover your credit score faster than if you went through foreclosure

6. Assistance for relocation may be available at the end of your lease

7. Avoid foreclosure

On the surface this could be a salvation for some homeowners.. but I really doubt that homeowners will be willing to stay as tenants on the homes that they have just lost to the lender(s)

Lenders do not really think this way. . .is it just me?

Time will tell. .

What do you think?

Thinking Short Sale?

The reason why you are on this page is because I’ve invited you over. . .

Please feel free to navigate in this page and see all the information you are seeking for about SHORT SALES and if it can become an option for you.

Please watch our introductory video about short sales for Maryland and Northern Virginia

Below you will find some of the properties we have closed or are currently active and under contract

Short Sales Listed by Herbooso & Associates

Please read my eBook about short sales below. .It will answer many more questions about short sales in general.

The Short Sale Option

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. .

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“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

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“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”

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We have been Interviewed by the following News Organizations about short sales:

READ ARTICLE HERE

WLXE 1600 AM Spanish Radio Rockville MD Listen Here

We are also “Expert”Contributors of Short Sale Information to the following Organizations

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 and PrimeTime Realty Homes 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 and Primetime Realty Homes  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 soon to be founder of Herboso Realty Group for MD, DC and VA Fall 2010