Is 2012 the year for the SHORT SALE in Howard County. Maryland?

Is 2012 the year for the SHORT SALE in Howard County. Maryland?


The short sale market seems to have escalated in Howard County Maryland. The economic crunch is affecting all demographics.

As of the beginning of January 2012 there are 336 Active or pending short sales.

In 2011 there were 217 settled short sales- If all the current short sales make it to settlement that indicates quite a substantial County wide increase......and it's only January.

Currently the Mortgage Forgiveness Debt Relief Act of 2007 applies to debt forgiven in calendar years 2007 through 2012. So a Howard County Homeowner participating in a short sale and whose property qualifies under the Mortgage Forgiveness Debt Relief Act of 2007 will want to get that property sold and closed before the end of the 2012 year.

Although some National banks are becoming more competent and easier to work with, a short sale still is still a complicated undertaking. An awful lot of paperwork is required. Realistic expectations of a short sale are 3-6 months, sometimes longer. Potential Howard County homeowners that have a valid hardship and are still on the fence about listing their homes for short sale are going to have to get those homes on the market very soon. The HAFA program is also a government intervention created to make the process easier.

DON'T MAKE THE BIGGEST MISTAKE OF ALL BY HIRING A REAL ESTATE AGENT THAT DOES NOT HAVE SHORT SALE EXPERIENCE. Not every agent is qualified to execute a successful short sale..

If you are struggling in Howard County (or other Counties in Central Maryland) and you have a true hardship with your home and have questions &/or need answers, call me soon. It is far better to act now and move on with your life than to wait.

Keep in mind that a home listed for short sale in October of 2012 will likely not be sold (signed, sealed, and delivered) by the end of the year.






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If you are planning to move to the Central Marylandarea and you want a BUYERS AGENT that really knows the area and all that it has to offer, I can help. (Personal tours of the area included in the service)


If you are looking to successfully sell your Maryland home with a Realtor who will market your property with multiple resources, call me for an appointment.



These are the areas that I serve Buyers orSellers in the Metro Baltimore area : Howard County, Baltimore County, Baltimore City, Harford County, Anne Arundel County, Carroll County, Montgomery County or Prince Georges County . If you would like more information please call me, Ellie McIntire at 443-418-7668or e-mail EllieMcIntire@MRIS.com

Ellie McIntire

The McIntire Team Real Estate Services.

Keller Williams Realty Centre

443. 418 7668 (cell)

443.766 1768 (O)

443.766 1769 (E-Fax)

E-mail: EllieMcintire@MRIS.com

http://www.EllieMcIntire.com

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