I NEED A SHORT SALE SPECIALIST FOR MARYLAND

Asked by Tuan, Fort Washington, MD Wed Nov 7, 2007

URGENT!

Can someone refer me to an agent or company with expertise in short sales? This is for a property in Maryland. There is a pending offer.

I am looking for someone reliable and with a good track record who can help put together the short sale package and negotiate with the lenders.

Thank you.

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48
real estate…, , Montgomery County, MD
Thu Oct 23, 2008
Tuan, I have worked with Fernando Herboso. He is in MD and does a good job
240-426-5754
2 votes
Fernando is wonderful!!
Flag Mon Sep 16, 2013
Wizrd, Home Seller, Bowie, MD
Tue Mar 30, 2010
Steve Queen At Exit Bennett Realty in Greenbelt, Maryland. The number there is (301) 459-5040. Did a great job for me.
Web Reference:  http://www.stevequeen.com
1 vote
Wendy, , maryland and south carolina
Tue Jul 15, 2008
I represent a company that specializes in doing only short sale negotiations. We run about 80-90% success rate (normal rate is only 20%). Our estimated time to close is 6-8 weeks (depends on the lender and how complicated the deal). The fee will NOT be paid by the homeowner or the agent. Please contact me at 410-218-6664 or 1-800-530-5171 extension 7 or wendy@reoshowcase.com
1 vote
Tuan, Home Seller, Fort Washington, MD
Sun Jan 6, 2008
Ok, I finally got approval from both Countrywide and Chase for the short sale. But I have the following issue:
Countrywide is only approving seller concessions of 3% and does not allow me the seller to assist in closing costs in cash or promissory note, otherwise any money I bring in at closing would have to go to Countrywide. The buyers are insisting on getting 6% concession otherwise they will walk away. I am trying to find a way to get that missing 3% if we can not convince the buyer to lower their demands. We initially thought about reducing my realtor's commission and transfer it to closing costs as realtor's concession. Then I would pay my agent outside but my agent says that is against the law and her realtor will not allow it. So we are stuggling to find ways to get that missing 3%. Some ideas we thought of are:
- ask the buyers to increase the loan amount and roll the extra 3% in there. They don't want to do it.
- ask both realtors to reduce their commissions but the buyers' agent does not want to give up more than $1000. That's too little.

I'm willing to do anything to get this done but I am tied by Countrywide's requirements. If anyone can think of a solution, please let me know.
Thank you for your feedback.
1 vote
Darrin Solom…, Other Pro,
Mon Dec 31, 2007
You appear to have a great short sale scenario unfolding. However, I believe you said that you were already working with a realtor. Is that correct? If you are not, please feel free to give me a call at 410-800-4348 or 240-461-3469 in the DC Metro area to discuss what you should do next.

Darrin Solomon
Keller Williams Realty Consultants
http://DarrinSolomon.com
Tri-State Home Buyers, LLC
http://Tri-StateHomeBuyers.com
1 vote
Michael Nolen, Other Pro, Salisbury, MD
Wed Oct 30, 2013
Delmarva Home Relief is a Social Enterprise committed to providing homeowners with opportunities for a second chance throughout Maryland and the Eastern Shore of Delmarva. We provide assistance to homeowners who are in default or imminent and facing foreclosure on their home. We have specialized team that provides homeowners with options tailored to their individual situations in order to reach an outcome most beneficial to the homeowner. We cut through the red tape by explaining the alternatives to foreclosure and assisting the homeowner achieve the best outcome for their family.
0 votes
vduboislaw, , Olney, MD
Tue Oct 15, 2013
Been doing this for over 6 years. Please call me or email me anytime.
301-529-2225
vduboislaw@gmail.com
0 votes
Michael Nolen, Other Pro, Salisbury, MD
Fri Oct 11, 2013
Delmarva Home Relief prides themselves on their ability to work one-on-one with homeowners by assisting our clients through Loan Modifications, Short Sales, Deed in Lieu of Foreclosures, Foreclosure Mediation, and other services that may be able to help homeowners avoid foreclosure.

Their Contact Information is (800) 598-7510 | http://www.DelmarvaHomeRelief.com
0 votes
vduboislaw, , Olney, MD
Mon Sep 16, 2013
Real Estate agents are no longer by law able to negotiate short sales or give any legal advice regarding short sales. Please contact me anytime at vduboislaw@gmail.com
0 votes
vduboislaw, , Olney, MD
Mon Sep 16, 2013
vduboislaw@gmail.com specializes is short sale negotiations and loan modifications.
0 votes
Judy, Home Seller, Greenbelt, MD
Mon Feb 27, 2012
Greg Bennett with EXIT Bennett Realty. He has two wonderful assistants that are very knowledgeable about the short sale process. They made the process very smooth and made me very comfortable. We received the approval in no time and were at the settlement table 30 days later. They are the best to work with!
Web Reference:  http://exitbennettrealty.com
0 votes
Mike Linkena…, Agent, Jacksonville, FL
Mon Jan 16, 2012
Experience is EVERYTHING when it comes to short sales and choosing an agent. Check out -
0 votes
Wendy Hartzl…, , Maryland
Mon Oct 24, 2011
If you want to stay in your home, there are now options available other than short sale, loan modification or foreclosure that will allow you to afford to remain in your home. A sale-leaseback program is a new concept that is just starting to take off. If your property qualifies, you can lower your monthly payments by 40-60%. Your mortgage will transfer to a different institution that will take title to the home, lease it back to you for an agrred upon period of time and then sell it back to you at only 90% of the actual value. You can credit a portion of the rent paid to help cover closing costs. And financing is available in case you have trouble qualifying for the new loan. This can be a life changing opportunity if your prefernce is to stay in your home.
For a confidential discussion of your particular situation, call me 410-218-6664
0 votes
Thomasina, Agent, MD,
Wed Oct 5, 2011
Contact-America's Mortgage Loss Mitigation Service, located in Temple Hills, Maryland
301-821-7287
0 votes
Wendy Hartzl…, , Maryland
Wed Oct 5, 2011
If you are still facing foreclosure I may be able to help you stay in your home. New alternative to foreclosure and short sale allows you to stay in your home AND reduce your monthly payment by 40-60%!
Visit my website: http://www.solution.realtyfundingpartners.com for more answers. Contact me at 410-218-6664
0 votes
Brian Smith, Agent, Annapolis, MD
Fri Jan 21, 2011
Brian Smith is the CEO and Team Leader of Smith Realty Group, Inc. with Century 21 Associates with offices in Annapolis, Columbia, Waldorf and Deale, Maryland. Brian is an experienced Realtor and industry leader specializing in the Maryland Real Estate market and handles most counties in Maryland. He has an intimate knowledge of the short sale process, dealing with FHA, VA, Fannie Mae, Freddie Mac, PMI and most major lenders, and has experience with multiple lien positions. He has been handling short sales and typically has 20-30 listings and contracts, mostly short sales, representing clients as both a Listing and Buyers Agent, pending at any time.

He teams with attorneys, accountants and experienced negotiators to deal with the servicer, lenders, investors and insurers to get your home sold. The lenders pay for all of the fees at closing, including sales commissions, service fees, state and county taxes and other closings costs to sell your home. There is never a charge to the homeowner.

In addition to his 30 years of corporate and real estate experience, he brings financial, business and communications expertise to his position as a Realtor. His knowledge and experience will provide you with a smooth, reliable and complete service in your real estate transactions.

Call Brian for a free consultation at 301-440-1812 or email him at brian@bsmithrealty.com

Brian Smith
Smith Realty Group
Century 21 Associates
Commercial & Residential Real Estate
Direct Line: 301-440-1812
brian@bsmithrealty.com
http://www.MarylandAreaHomeSource.com
0 votes
Vladimir Kats, Agent, Baltimore, MD
Wed Dec 29, 2010
I’m Vladimir Kats, Baltimore’s Real Estate Expert. My team has the experience, knowledge, and training to assist homeowners and home sellers in all aspects of real estate, including homeowners who are in distress.

Since the downturn in the real estate market, my team of short sale specialists has been assisting clients facing foreclosure with an unparalleled integrity, honesty, and professionalism. We will educate you on your options, guide you through the entire process, and safeguard your resources while preparing you for a dignified and honorable solution.

Call (443) 660-8032 or read our information on short sales to discover if a short sale is right for you. We offer a free, no obligation consultation to help you get back on the road to financial recovery, today.
0 votes
Screech, Home Seller, California
Thu Aug 12, 2010
Call Fair Housing Rescue based in Maryland 410-285-2200. Sherrie will do it all for you, she is very thorough !
0 votes
Daryl, Both Buyer And Seller, Bowie, MD
Sat Aug 7, 2010
FSS Property Solutions, LLC helped me when I needed them and they were local. I live in FT Washington too.

http://fsspropertysolutions.com/
0 votes
Lauryn Gabri…, Both Buyer And Seller, Maryland
Mon May 3, 2010
Thanks Everyone!!! I ended up using the guy Steve Queen from Exit Bennett Realty that was recommended in another short sell question. Things have seemingly went well and I feel comfortable with everything he's done to this point. He and Consumer First Title are also helping two friends. Thanks for the info everyone.
0 votes
Mm101, , Alexandria, VA
Thu Apr 22, 2010
Hello Tuan,
I work with a company that does Free Short Sales. Even the realtor keeps all his commission. We're paid by the lender. Let us help you. We average 6-8 weeks for approvals and are ready and able to help you. Please contact me @ 703 585-4896. My name is Marie Breakfield. Call Soon and Best of Luck!
0 votes
Edith Chand…, Agent, OWINGS MILLS, MD
Fri Apr 9, 2010
TUAN,

CALL ME. 443-804-6601.

Edith L. Chandler
EXECUHOME REALTY
443-731-6257 Cell
443-940-0636 Office
443-632-3908 Fax
ChandlerEstates@gmail.com
twitter.com/ladybaltimore
http://www.edithchandler.com
http://www.stylehouses.com
Web Reference:  http://WWW.EDITHCHANDLER.COM
0 votes
Lauryn Gabri…, Both Buyer And Seller, Maryland
Mon Apr 5, 2010
Thanks Wizrd,
I did speak with Steve also. Very insightful and seemingly knowledgeable with out being pushy. We have a meeting set for Friday. I hope he can get the job done as you both say because time is not on my side. What a mess these budget cuts and downsizing have put many of us in!!
0 votes
Vladimir Kats, Agent, Baltimore, MD
Tue Jan 26, 2010
It is imperative that any potential short sale candidate understand his/her options as they relate to the short sale vs foreclosure decision. I am continue to serve my clients with outmost honesty, integrity, and professionalism while assisting them through these difficult times. Do not hesistate to contact me anytime to learn your options!

Vladimir Kats
http://www.BaltimoreRealEstateExpert.com
http://www.VladStopsForeclosure.com
powered by http://www.LocalRealEstateDomains.com
0 votes
Karen B, , Maryland
Sun Nov 1, 2009
Hi Tuan,
You can avoid a short sale through seller financing. I work for a company called rent2ownmarket.com. We offer alternatives to short sales so you do not have to damage your credit. Please contact me at KarenB@rent2ownmarket.com if you are interested in avoiding a short sale.
Thank you,
Karen
0 votes
Md Short Sale…, , Baltimore, MD
Sat Oct 3, 2009
Hi Tuan, I deal with distressed homeowners everyday as all of my business revolves around short sales. I am a Certified Distressed Property Expert designated Realtor and have a success rate in excess of 85%. Please visit my website http://MDShortSaleRealEstate.com for valuable information and browse my short sale success stories and testimonials from prior clients. Best, Dan Grady, Realtor & Short Sale Specialist
0 votes
Jeff K, Home Buyer, Bristol, PA
Fri Apr 17, 2009
Good lucking finding one. The last "short sale specialist" I talked with was the most unprofessional of the lot that I've met - late, shabbily dressed, inconsiderate and no followup at all.

Frankly, if you know exactly what house you want already - you should go straight to the bank president with your offer. Really there's no need to get an agent in that circumstance. Just know exactly how much you are willing to pay, what the comps are, and what repairs you might be looking at.

Your lawyer will deal with the contract side of the world.
0 votes
Mike Linkena…, Agent, Jacksonville, FL
Fri Apr 17, 2009
I'm sorry to hear you are having difficulties with your property Tuan. It is extremely important to find an experienced agent when looking to short sale a home! The results can be disasterous. Choose a maryland short sale expert Realtor
0 votes
Inessa Mosyak, Agent, Rockville, MD
Mon Dec 29, 2008
Please let me know if I can help.

Igor Mosyak
Foreclosure Specialist
Maryland, Virginia, Washington DC
http://www.stopforeclosurehelptoday.com
0 votes
Darrin Solom…, , 20910
Sun Oct 26, 2008
We are closing about 2 out of 3 of all our short sales. The last one we closed was in bankruptcy court. We got the "Motion to Sell" approved by the backruptcy court, and got BOTH lenders to approve the sale! The toughest part was with the buyer's financing! However, everything came together in the end and prevented the seller's from having a foreclosure ruin their credit and also allowed them to get out of a $700/month NEGATIVE CASHFLOW position on their property which they had to move out of and rent out.

We don't shy away from the tough ones! Feel free to give me a call for your most challenging short sale cases.

Sincerely,

Darrin Solomon
Keller Williams Realty Consultants
Short Sale Specialist
Web: http://www.DarrinSolomon.com
Baltimore Area: 410-800-4348
DC Metro Area: 240-461-3469
0 votes
, , Annapolis, MD
Tue Aug 19, 2008
Tuan,
I would be honored to assist you. I'm an experience REALTOR, work with short sales and have attained the CDPE (Certified Distressed Property Expert) designation. Call me on my cell @ 410-353-9196. I'm in Annapolis.
Paul
0 votes
Nice Neighbor, , Annapolis, MD
Mon Aug 18, 2008
Distinguished Properties in Annapolis, ask Jo or Jaime 4102806060
0 votes
Fernando Her…, Agent, Gaithersburg, MD
Wed Jul 9, 2008
I can help you for your property in Maryland, I specialize in short sales and have currently over 22 listings that are short sales in MD and VA. I have staff that are specifically trained to deal with the banks and we produce results.
My website http://www.ReallyNiceHomes.com can give you a lot more information about our services. I can also send you a ebook that speaks about short sales in Maryland.
My blog about short sales explains a little about this. .


A SHORT SALE is a simple process that takes a few months to complete

A short sale is when a homeowner facing foreclosure sells his or her property for less than what is owed to the mortgage lender. The sale has to be approved by the lender.


Short sales have become so popular these days. There are several reasons why they are so prevalent right now. In some instances homeowners with adjustable-rate loans can't make the payments when their interest rates rise; others fall behind because of job loss, others because of a divorce or sickness.


A lot of homeowners have seen their homes values drop and when they want to refinance. .


The surprise hits them square in the face. .


Their home can not be refinanced because the appraisal for the refi is below what you need to refinance the entire loan


What are the advantages and disadvantages of a short sale?


A short sale will be less damaging to your credit score than a foreclosure. Just try to have a normal life with a foreclosure on your record. .. it’s almost impossible to rent, finance a car, future job applications . .simply put, you will be paying trough the nose next time you want to finance a car. Sure they will give you a loan to buy one but, you will be paying astronomical payments




If you are a buyer looking to cash in doing short sales, is not necessarily a time to “steal” a property. Lenders aren’t stupid, they want to get market value for their properties, not give them away.


There is a balance just like other types of investing in Real Estate


A short sale could be your best tool to acquire great bargains out there but you must have patience, perseverance and a good realtor on your side.

Call Fernando at 240-426-5754
or email me at Fernando@ReallyNiceHomes.com
Maryland Real Estate
0 votes
Yigal Narkis, , Rockville, MD
Wed Jun 25, 2008
Fastest and most reliable short sale negotiator.
Contact me at yigal@expresstitle.com
240-290-0923
Yigal
0 votes
Thomasina, , Maryland
Tue Jun 24, 2008
America's Mortgage Short Sale Processing
Phone: 240-619-4112
Email: thomasinasingleton@msn.com
0 votes
Eun Yi Chung, , Alexandria, VA
Mon Apr 21, 2008
Call Eun Yi at Keller Williams Advantage. She specialzed in short sales
Web Reference:  http://www.eunyi.com
0 votes
Tuan, Home Seller, Fort Washington, MD
Mon Dec 31, 2007
I will most likely skip a 2nd payment and let it go to 60-day delinquent.

There is new development as of today: the first lender (Countrywide) has approved the short sale. They are telling me that they will offer the second lien holder (Chase) $3000 and will not negotiate with them (is that true?). I owe the second lien holder $99K. They tell me that I am to send the offer to Chase and negotiate with them to get their approval.
Can someone with experience with these negotiations advise me on how to negotiate with the second lender? What should I tell Chase and what should I expect? What if the second lender does not want to accept the $3000 offer from the 1st lender? Thank you for your input.
0 votes
Darrin Solom…, Other Pro,
Thu Dec 27, 2007
I cannot advise you to stop making payments. However, the bank's motivation to accept a short sale is usually in direct correlation to how eminent foreclosure is. In other words, if you have never missed a payment on your mortgage payments, there is absolutely no motivation on the part of the bank to accept a short sale. Put another way, if there is no evidence of hardship, there is no reason for the bank to accept a short sale.

Darrin Solomon
Investor / Agent
Keller Williams Realty Consultants
http://DarrinSolomon.com
http://Tri-StateHomeBuyers.com
0 votes
Tuan, Home Seller, Fort Washington, MD
Thu Dec 27, 2007
While my short sale is being reviewed by the lender, should I continue skipping payment or should I keep making payments on the mortgage? I am currently 30-day delinquent (skipped November payment) and approaching 60-day delinquency at the end of December. Should I make a payment or not? I estimate the short sale to take another month or two. Thanks for your input.
0 votes
Tuan, Home Seller, Fort Washington, MD
Fri Dec 14, 2007
I am doing this with my realtor. We are learning as we go.
0 votes
Darrin Solom…, Other Pro,
Fri Dec 14, 2007
Tuan, are you working with an agent or investor on your short sale. Or are you attempting it by yourself?

Darrin Solomon
Real Estate Investor / Realtor
http://DarrinSolomon.com
http://Tri-StateHomeBuyers.com
0 votes
Tuan, Home Seller, Fort Washington, MD
Fri Dec 14, 2007
The lenders have not approved the short sale yet. Countrywide just got the appraisal and BPO done this week. No word on the value yet. They will get back to me next week. Chase, as the 2nd lender, is simply waiting for Countrywide to contact them. I guess there is nothing I can do at this point but wait?
With regards to your post Lavy, I understand that I could be liable for the deficiency balance. But one step at a time. First I need to find out if the lenders will approve the short sale, and that's a big If. If the BPO is much higher than the offer or they don't think there is financial hardship, it's a mute point.
0 votes
Lavy Mammen, , Maryland
Thu Dec 13, 2007
Also I forgot mention, even if they agree you maybe liable for the deficency balance of the loan. It could go on your credit report as foreclosure balance. So make sure you find out all the details from the loss mitigation dept and make sure they put everything in writing.
0 votes
Lavy Mammen, , Maryland
Thu Dec 13, 2007
Has your lender approved the short sale figure ??? You must contact the loss mitigation dept of both Countrywide & Chase, get their approval in writing that they will accept the short sale offer made to you.
0 votes
Darrin Solom…, Other Pro,
Thu Dec 6, 2007
Hello, I am a part of a team of realtors and investors who specialize in short sales in Maryland, DC, and Virginia. We currently have over 100 cases in progress and collectively we are closing them on a daily basis.

If you still have not got your house sold or gotton a short sale for your house approved by your mortgage company, give me a call ASAP. We have a proven process and ready made package as well as relationships with most of the major lender loss mitigation / work out departments in the country.

Please give me a call at 240-461-3469 or fill out my fast response form at:

http://tri-statehomebuyers.com/fast-response.htm

or on my realtor page, click on the "Contact Me" link at:

http://www.darrinsolomon.com

Hope to hear from you soon!

Darrin Solomon
0 votes
Loren Ginger…, , 52353
Thu Dec 6, 2007
I just found this website and I see your post was about a month ago. If you still need help with your short-sale, feel free to shoot me an e-mail. I would be glad to help.
Thank you,
Loren Gingerich
lgingerich@wizardlending.com
http://www.wizardlending.com
Web Reference:  http://www.short-refi.com
0 votes
Tuan, Home Seller, Fort Washington, MD
Thu Nov 8, 2007
Yes, I am the seller. The property has been listed for several months. Prices have dropped in my area (Prince George County). I am upside down. The pending offer is below the payoff amount. My real estate agent has no experience with short sales. I need help from a third party to go through the process and with negotiations. There are two liens, 1st with Countrywide, 2nd with Chase. I have gathered most of the documents required by the lenders. I know there are critical steps (put a good package together, show financial hardship, get a low BPO, get the junior lien holder to take a major discount, get the lenders to waive off the deficiency, etc...). I just don't have the time and expertise to do it. Please help.
0 votes
Cindy Maves, Agent, Fort Myers, FL
Thu Nov 8, 2007
Are you trying to sell your home in a short sale? I am not clear as you say there is a pending offer. There are many steps that need to be taken first before you can put your home up as a short sale.
Web Reference:  http://www.northropteam.com
0 votes
There truly is no better short sale team in Maryland then The Short Sale Experts of Maryland. "What Does a Short Sale Mean to You?" If you're wondering how to short sale your home, or the difference between a short sale versus foreclosure, how to start the short sale process - Craigs team can help you. They'll listen to you, give you all your options, then if you decide that a short sale is for you, they'll get you their super-helpful short sale checklist. Once you're done with that, they'll do all the work for you. All the info you need about short sales in Maryland is right here: http://shortsaleexpertmaryland.com
Flag Thu Nov 27, 2014
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