John Newman

Now that HAFA has formally been released many homeowners are wondering if there lender participates? Well, I have just compiled a list of HAFA participants.

Find out if your servicer is a HAFA participant, click here

If you are a Maryland homeowner and would like more information on Short Sales, Loan Modifications or foreclosure prevention call me today at 301-343-7671. Remember, more options are available to you if you act quickly.

Below is a link to a great article on short sales. The author really explains in simple terms why a short sale may make sense for homeowners that are facing foreclosure.

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/04/01/investopedia5924.DTL

If you are a Maryland homeowner and would like more information on Short Sales, Loan Modifications or foreclosure prevention call me today at 301-343-7671. Remember, more options are available to you if you act quickly.

Every day I speak with homeowners who are considering "walking away" from their homes. These homeowners have usually tried working with the banks to obtain a loan modification, but have grown frustrated at the banks response. Either the lender is taking too long or the homeowner has been declined for a loan modification. Well, homeowners still have options.

Walking away from your mortgage could have disastrous consequences on your credit and future ability to purchase a home. Maryland law gives the creditors up to 3 years to pursue the homeowner for any shortfall created by foreclosure.

Consider a "Short Sale" or deed-in-lieu of foreclosure. It is possible that either of these options will allow you to legally "walk away" from your mortgage and may shield you from future litigation.

If you are a Maryland homeowner and would like more information on Short Sales, Loan Modifications or foreclosure prevention call me today at 301-343-7671. Remember, more options are available to you if you act quickly.

One of the many changes in our Governments new HAMP guidelines is an increase of $1,500 for homeowners to relocate. Now if a homeowner completes a successful Short Sale they may be eligible for up to $3,000 in relocation assistance previously it was only $1,500.

If you are a Maryland homeowner and would like more information on Short Sales, Loan Modifications or foreclosure prevention visit www.mdshortsaleblog.com . Remember, more options are available to you if you act quickly.

Here is a brief video on our Governments latest foreclosure prevention program.

www.mdshortsaleblog.com