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Endless Summer Hop "08"
Saturday, August 23 * Coldstream Pool
Noon to 5:00 pm
1960'S Retro night of music & fun
Say 'GOODBYE" to Summer !
Food for Sale
Burgers, Hotdogs, soda & more
(Boy Scout Troop 371 Fundraiser)
Tips to Having A Successful Short Sale | |
The ultimate goal when you decide that a short sale is the best option is to actually make it happen! To ensure that you achieve that goal it is essential that you can answer YES to the following three questions. Question #1 : Am I motivated to assist my Realtor in providing him with all the required documentation and maintain the property in order? A foreclosure on your record should be avoided at all costs. Question #2 : Insolvency, key issue here. You must be able to provide proof that your finances or your mortgage payments have changed substantially that there is no relief on sight. You can't just do a short sale because you PAID too much or the value of your property has come down. Your hardship letter has to be honest and to the point Question #3 : You maybe required to sign a promissory note for a fraction of what you owe to the bank . . if there is a promise from the bank to abstain from filing a deficiency judgment against you. .a promissory note for a small portion of the loan is a no brainier. Remember always make sure that the Realtor doing the short sale has the experience and a proven record. This can be a tremendous mistake if you are allowing someone else to LEARN about short sales while doing your case. . just check their references . Because NOT checking references can lead to a number of problems later on. We are now CDPE Certified
What does it mean to you? CDPE stand for "Certified Distressed Property Experts" When it comes down to short sales, we know the ins and outs of doing a short sale Less than 1% of Realtors have this certification. Call us for a quick consultation if a short sale can help your finances and save you from being stressed out! Call Fernando at 24-426-5754
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There seems to be a common misconception about buying a real estate foreclosure in Charles County. Banks are trying to get as much money as possible for the real estate they own, but they typically demand that their homes are sold "as-is" (What Does "as-is" mean in real estate?).
This does NOT mean that you should skip the home inspection! Quite the contrary, if you're trying to buy a primary residence, the inspection is absolutely crucial!
Don't believe me? Well, would you buy a car without knowing it runs? Buying a home without an inspection is the same concept. Does the furnace still work? Have the pipes burst? Have termites eaten through the walls? You just don't know without that inspection! I can see the marketing slogan now:
Lovely home with rustic living (furnace is shot, bring blankets), In-ground pool possible (Basement is flooded), and lots of natural light (Termites were hungry)!
Danger Will Robinson, Danger!
All you wanted was a great deal, and instead you end up with a money pit. While the inspection won't fix the problems, you are saving yourself from possible FINANCIAL DISASTER by knowing what sort of problems (if any) may exist. When it comes time to write a contract to purchase a foreclosure, bear this in mind:
The home is being sold as-is, andIf you want to keep yourself protected, make sure that any inspection being done for "informational purposes only" has a "walkaway" clause. This means that if you find something wrong with the inspection that you don't like, you can cancel the contract, get your deposit back, and find another property that suits you.
Banks are doing everything they can to relieve themselves of liability. As a buyer, you need to make sure that you and your Realtor are keeping your financial interests protected!
Got questions about buying a foreclosure? Give me a call!
~Jonathan Benya
Century 21 New Millennium
9405-A Chesapeake St
La Plata, MD 20646
301-609-9000
301-653-8116
Southern Maryland Real Estate Blog
GO FOR A RUN
Go for a run in Harford County, Maryland. Is running your thing? Do you want to make sure that when you make a move that you will have the opportunity to continue in this wonderful activity? If you are considering Harford County, then you will not be disappointed. You will find places to run for every running level; flat courses, hilly courses (some very steep), trails, tracks, and so on.
Many runners who train in Harford County have gone out to other parts of the country and have performed very well as they have represented their home county. This includes races in the high Rocky Mountain altitudes, the trail runs of upper Michigan, the big marathons like Boston, and New York, and let's not forget Baltimore (some runners find this one to be too tough to come back again).
In Harford County, one can find a race to run on almost every weekend of the year, whether it be in the dog days of summer or the freezing months of January and February.
For a very good introduction to running in Harford County, you should go to www.rasac.com. RASAC is the premier running club of the county.
So you are thinking of relocating; Run to Harford County.
Roy Kelley
Real Estate Agent
Gaithersburg, MD
view my blog
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Scott Guay Ocean City and Ocean Pines Maryland
Real Estate Agent
Ocean Pines, MD
view my blog
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