Giving, Sharing and Helping!Mortgage Troubles? Get Answers & Information With Others In Our Community!
More Marylanders fall behind on mortgageSurvey shows 130,000 homeowners are at least 30 days lateBy the numbers132,000 Md. borrowers at least one month behind on their mortgages in the spring
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Top 12 Reasons To Avoid Foreclosure!
1.) The homeowner will always have to disclose that they have had a foreclosure on any mortgage application and (many job applications) that you submit in the future and this can have an adverse affect on your future mortgage rates.
*This is the only credit item that is asked specifically and does not rely on what is on an individuals credit report. There is no 7 year time limit on this item.
*A Foreclosure is the one credit report item that is almost impossible to have repaired.
4.) Your lender can seek a deficiency judgment against you and collect for any amount they do not recuperate at bank sale.
*Revocation of security clearance can result in job reassignment or loss.
10.) “While it may not seem like it now there will come a time where your current financial troubles will pass. You will feel much better knowing that you did everything you could to avoid this devastating financial consequence so many people face today.”
11.) Protect and Preserve Homeownership.
12.) Protect and preserve Homeowner Equity.
What is a Short Sale? A short sale is a negotiation in which the homeowner qualifies and the mortgage company or companies accept less that the full balance of the loan at closing. A relatively new solution to a financial crisis, the short sale has been used successfully in Maryland and in Baltimore as one of the last options before foreclosure. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
Top 16 Seller Benefits of a Short Sale:
A short sale requires a Certified Distressed Property Expert who understands the complexity of this process and the extensive documentation required. The success of a short sale depends on the knowledge and ability to work closely with lenders, banks, accountants, attorneys and REALTORS®. The short sale is one of the most important aspects of real estate in today's market.
What is a Distressed Property?
In any given market there is always a certain percentage of homes or homeowners who are distressed.
What is a Distressed Property Expert? A licensed Maryland REALTOR® and foreclosure prevention expert who has been certified through a national program called the Distressed Property Institute. Aaron Rice has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process. He is an advocate for the distressed property owner. Aaron understands your options, the urgency, the opportunities and most importantly, the process. He is a knowledgeable professional who has been helping homeowners find the best solutions to their financial crisis.
Aaron is:
Time Is of The Essence Homeowners who are experiencing or expecting financial problems associated with a distressed property should obtain the services of a Certified Distressed Property Expert as early as possible. There may be options for those who act quickly.
Not All Real Estate Agents Are Qualified Short Sale Experts!
Top 10 questions to ask your real estate agent before you sign on the dotted line… 1.Can my real estate agent explain the short sale process to me?
2.How do I know if my property will qualify for a short sale?
3.Does my real estate agent know what information I will need to provide to the lending institution?
4.Does my real estate agent know what “hardship” categories qualify me as a short sale candidate with the lending institution?
5.Does my real estate agent know how to create an effective short sale strategy?
6.Does my real estate agent have prior experience and specialize in working with homeowners and lending institutions to create a short sale transaction.
7.Does my real estate agent know how to market my home since efficient timing is essential.
8.Does your real estate agent know how to price your home?
9.Does your real estate agent have a pricing/marketing campaign for 14/30/45days?
10.How do you know if you are really comfortable with the real estate agent the you are selecting?
Why Aaron Rice?
Aaron has been successfully selling real estate in Baltimore, Maryland for over 9 years. He knows the challenges facing buyers and sellers, particularly in today's difficult market place.
In a Financing Bind? We’ll Help Untangle You!
Most people think of calling Aaron Rice only when they’re ready to buy or sell, but did you know www.BaltimoreShortSaleTeam.com is a good resource if you run into financing problems, and are worried about losing your existing home? Foreclosures are at an all-time high, due in part to the sub-prime mortgage issues plaguing an increasing number of Baltimore homeowners over the past year. If you’re having problems financing your current home, please call Aaron Rice as soon as possible. I have a wide network of resources we can talk about your options. You’ll want to do everything you can to avoid losing your home, but but if you’re at the point that even refinancing won’t work, make sure you call me before you run the chance of damaging your credit rating with a foreclosure. Selling your property before the bank initiates a foreclosure sale might allow you to generate enough money to avoid owing them any money, thereby saving your credit status. Get in touch with the Baltimore Short Sale Team before you begin preparing your home for sale. We have valuable tips that might make the difference between a quick sale and a property that lingers in the market. First impressions can often make or break a deal, so you’ll want to hear about the simple strategies that other Baltimore homeowners have used to sell their home quickly. Whether it’s how your home looks or how it’s presented, you’ll want to take full advantage of the experience I’ve had selling properties similar to yours. If you, your family or friends are looking for refinancing strategies, tips for a quick sale or information on purchasing a home, I invite you to call me for valuable information on today’s ever changing real estate market. If you, your family or friends are facing a current or future financial hardship the BaltimoreShortSaleTeam.com can help please contact me Aaron Rice, Certified Distressed Property Expert (CDPE). 443-244-0051.
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