Important Note for home-sellers and their Realtors.
After you went through my prescribed first steps to see if you need to do a short sale. Please make sure you contact a real estate attorney to make sure all your options are exhausted.
My attorney suggested my clients use a Pro-Bono attorney. As we know attorneys cost money and sellers who are in need of a short-sale are often short on cash.
These attorneys can work on behalf of the Realtor's sellers to make sure that have proper legal guidance in the short sale process.
A Realtor can still assist with the short sale docs between the bank and seller and list the home for sale. This protects all in the transaction. Now you are asking, where the heck are these free attorneys?
The great news is I am sharing the attorney's contact info, right now!
If you are a Maryland residence check out the info below:
Go to www.Mdlab.org or www.Probonomd.org
The majority of these attorneys will work Pro-Bono, so do take advantage of this information.
Frank Harris
If you are a seller and you are having trouble keeping up with your mortgage. contact you mortgage company and see if they make arrangements to help you.
Now that said, you are a home-owner and you are ready to sell your home, money is tight and you want out of your nightmare.
The first thing you need to find out is if you really need to go the short-sale route. The fee's associated with the sell of you home can be computed using a Net Sheet or HUD1 Sheet.
When you contact your Realtor, they will be able give you a good estimate of closing cost, transfer fees and items that need to be paid when you sell your home. If the speculated sales price of your home is not enough to take care of your selling fee's including pay-off of current mortgages... A short-sale may be your next step.
So before you jump to conclusions, take these steps.
See you next time
Frank Harris
240-472-9008
Homebuyer Tax Credit Plan Agreed to by U.S. Senate Democrats!
If it passes, the proposal would:
1) Let homeowners qualify for a $6,500 credit if they have lived in their residence for five years - i.e. they don't have to be first-time home buyers anymore.
2) The income limits will go up (if it passes) to individuals earning up to $125,000, or $250,000 for couples, up from $75,000 for individuals and $150,000 for couples under the current law.
3) The plan would extend the credit, due to expire Nov. 30, to home purchases under contract by April 30, 2010, with borrowers allowed another 60 days to close the sale.
As more info becomes available, I will report updates
Everyone by now has heard of short sales, but what is a short sales and what are the pros and cons.
I will attempt to answer questions about short sales and the steps that are needed to have a successful short sale.
Stay tune, this series starts October. 31. I call it Short Sales ABC's
See you then.
Top Democrats in the Senate have reached an agreement to extend the soon-to-expire $8,000 tax credit for first-time home-buyers. All the kinks have to be worked out, but this will bring great relief to many home-buyers who are worried about missing the current deadline.
The extension may be moved to March of 2010.
More information to come as this topic develops.
Relocation Specialist for the Maryland/Wash/Balt corridor. New Home Construction Certified /HUD & VA Approved. First Time Buyers & Investor Friendly. Tailored Service Since 1987- Call me @240.472.9008
My Name is Frank Harris. I am a Full time Realtor with Keller Williams in Howard County and head the Harris Homes Team. We service Howard County, Anne Arundel, Baltimore, Prince Georges, Montgomery County and areas in between.
I am a 21 year member of the National Association of Realtors, a member of the Maryland Association of Realtors, Howard County Board of Realtors and a member of the Multiple Listing Service (MLS). I have been a licensed Realtor since 1987. My background includes Mortgage Financing and Real Estate Investing.
Stop wasting your valuable time. Don't miss another home! Our team will assist you in setting specific search criteria and automatically e-mail property information to you the day the home comes on the market!
Take advantage of our Free HBM (Home Buyers Marketing Program) Fewer than 2% of realtors offer this service or has even heard of it. You will be given your own personal property search engine/online notebook to save your notes and property information as well as detailed information including price, address, map and directions for each property, and more. This makes it very easy to compare properties and to stay very organized.
Buyers work with us because of our ability to locate properties that match their needs, statistically evaluate the value of that property and negotiate your desired outcome...at no cost to our buyers.
As your home seller representatives, we will advise you as to how much your home will sell for, how long it will take to sell and the marketing system we will use to sell your home. You will receive top dollar for your home, in the least amount of time, with the fewest hassles! We not only market you home locally we market your home globally to buyers that are relocating to your area and we market individually to over 40,000 agents through our relocation system. As a Seller or Buyer it would be well worth your time to take advantage of our experience and team concept. You will receive top dollar for your home, in the least amount of time, with the fewest hassles!
Give us a call today 240-472-9008. We offer customized service to suit your personal needs.
We list and sell homes in Howard County/Baltimore County/Montgomery County/Anne Arundel County and the surrounding areas.
We also work with various Military Forces relocating in the Maryland/Washington/Baltimore corridor
New Home Construction Certified /HUD & VA Approved.
The Harris Home Team is also investor friendly.
We Sell and list Single Family Homes/Condos/New Construction and Commercial properties.
Visit http://www.LuxuryCountyHomes.com for list of Forclosure Homes.
NEW!
Short Sale Riches Course- Coming soonClick Here
Clarissa Coleman
I really appreciate your service, the transaction was smooth and you kept me up to date every step of the way. I will use you in my future real estate transaction and refer you to my friends.
Thanks,
Clarissa Coleman
Donna Savage
Thanks for all you have done, you helped my family and I purchase the house of our dreams and at the same time sell our current home.
Donna Savage
Christine and Andre Boyd
This was our first house and we were scared to death, but you made the process of buying a home easier than we expected.
Great job.
Christine and Andre
Ernst Joseph
Frank helped me relocate to maryland from Florida. Frank helped me purchase a home in maryland as well as help me buy my first investiment property. Yes Frank I plan on referring you to everyone.
Keep up the good work.
Ernst Joseph
Irie Harris
Frank you the man, thanks for all your help. I was going through a sticky situation and you help make this purchase an reality. I am a loan officer and has dealt with many Realtors and you are beyond compare. Like I tell everyone Frank Harris is the man to go too and by the way he is not related to me (same last name), but he is like family.
Irie Harris
Rosemarie Hall
Frank, thank you for making my dream of owning a home come true, I could not have done it without you. Thank you for your patience and knowledge.
Rose Hall
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