Short Sales Information and Guide for Maryland Residents

Behind on your mortgage payments?              

A short sale is born out of a need when a homeowner realizes that there is no other recourse; either let the lender foreclose or ask the lender to approve a short sale.

Facing foreclosure can be overwhelming and scary, but by taking the right steps you may be able to save your credit and wake up from the nightmare you are experiencing today. .

If your are behind on your mortgage payments?. .read on. .
"The roller coaster ride for a  short sale starts with the  first stop: Acceptance"
If the market value of your home is less than what you owe on your current mortgage, you may qualify for a solution known as a Short Sale. 
A Short Sale can be accomplished by negotiating with your lender to resolve your situation and solve a burden for the homeowner and also solve a burden for the lender.

Watch the video below and learn more facts about 

What exactly a Short Sale can do for you? 


The Short Sale Process:

It's all business from here, never an emotional decision. Taking control of your future financial life is strongly advisable if you are short of options and a looming foreclosure.

Rather than  waiting for the lender to take control of your situation, you take charge with a short sale and also. .get control of the situation you and your family find themselves in. .

Watch the video below and learn more about the process of a Short Sale

 What is the difference between a short sale and a foreclosure?

short sales

You may ask yourself then. . .
Why would your lender accept your short sale?
Watch this next video to learn the answer. . 

What you should do first before a short sale? 

Considering a short sale in Maryland? -- 

Before proceeding with this idea, you should know about the steps you must take first. .
 Have you tried a loan modification?
Have you contacted your lender?
What are your lenders policies?
Is the difficult situation you currently in just temporary?
Have you consider renting your house? 
What about a loan workout?
Do you understand what a deed in lieu of a foreclosure is?

There are many steps you must take before you venture in a short sale. The most important one is to be fully aware of all your options at any given moment. 

Watch this video for a simple guide about things you must know. . 

The key to success in a short sale is to follow a simple plan
The A-B-C Plan. .

How to qualify for a short sale in Maryland?        

3 Main areas that are considered to qualify for a short sale

  • Financial Hardship
  • A Monthly Shortfall 
  • Insolvency 

Watch the video below where I discus the quickest way to learn if you qualify for a short sale

A lot people ask this question when contemplating a short sale. .

How Does a Short Sale Affect my Credit?

The Credit Impact for a Foreclosure vs Short Sale can be dramatically different. 
In our current challenging market, many homeowners are faced with the decision to try a short sale or just let the property go to foreclosure.
Watch the video below where I discus how a short sale may affect your credit. . 


Clarksburg VillagesKentlandsFountain Hills Milestone

King Farmvillages of UrbanaGoosvenorcrown

What happens if your home is already schedule for a foreclosure?

You waited until the last minute and now reality is setting in. . . 
you need help right away. .

Watch this video where I discuss about a case where a property was 4 days away form a foreclosure and needed my help. .

    short sales maryland
                                   no fees

It is my sincere belief that homeowners need to find an advocate to represent them.

Someone to seek the guidance, counsel, and services to make the right decisions based on facts and not emotions.
An advocate that is educated, a licensed distressed property expert, a real estate broker that has the experience, the knowledge and the savvy to simply get you OFF the hook! Someone that will act totally in your best interests to help you find the best solution to the financial crisis you are facing now.
I believe I am that advocate for you for many reasons. .
With my experience and as a broker certified by different organizations to do short sales, I have developed a system that helps homeowners dealing with distressed properties.
My team of Realtors, one assistant, an attorney and several supporting staff has developed long lasting relationships with these lenders that allow you to take advantage to short sale your property quickly and remove instantly bad mortgage debt. 
"The strength of our experience and knowledge is invaluable to anyone seeking for a solution"

The best way to pick an agent to help you in your short sale in my opinion. .
is to find out what others are saying. .
those that  have already experienced their services ..









and the moment where I'm most proud..
helping a client obtain $23,000 relocation bonus. . .when she needed  the most! (be sure to read my last sad comment on the video)
Fernando Herboso, Broker/Owner of Maxus Realty Group / Herboso & Associates Real Estate Team acquired his Certified Distressed Property Expert CDPE over 4 years ago.
Having listed almost 200 short sale listings in the last 4 years and  interviewed and consulted  hundreds of families about short sales and loan modifications. Fernando  begins these series of videos designed to educate you about distressed properties

You can contact Fernando Herboso directly at 301-246-0001

The information contained in this website is intended to be used for informational purposes only and to provide a general overview of the topics described herein. There may be tax and other legal consequences associated with a short sale.  Herboso & Associates makes no representations or warranties concerning potential tax or legal consequences relating to any final disposition of any property in a short sale.
Homeowners are advised to consult with a tax professional regarding the potential tax consequences for their particular situation. Herboso & Associates are not Advisors and they are not a legal law firm. We strongly encourages all parties, agents, homeowners brokers and mortgage lenders involved in a transaction to seek such advice from a professional advisor.
Fernando is an Associate Broker and  founder of Herboso & Associates for MD, VA and  DC
Call Fernando Herboso Realtor® Associate Broker


by taking the right steps..

We bug lenders for you. . 

So they won't bug you..when you are having mortgage problems. . .

Short Sales Information and Guide for Maryland Residents


See Other Homeowners Below Deciding a Short Sale Was Their Best Option (Highest Priced Short Sales in the Area)

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2016. Last updated: