Adios Lender was written by Fernando Herboso to show a strategic exit from a bad loan

Loan Modification Secrets was written by Fernando Herboso to show ways how you can improve your chances of a loan modification

Avoid at all costs a:

Legal Notice:

Our digital eBooks are for informational purposes only. While every attempt has been made to verify the information provided in our eBooks, neither Fernando Herboso, Herboso & Associates, the publisher, nor the marketer assume any responsibility for errors or omissions. These eBook are being distributed with the understanding that we are not engaged in rendering legal, accounting or other professional advice. We strongly suggest for you to contact an attorney and/or an accountant before making any decisions about your present financial status.

Fernando Herboso

Broker for Herboso & Associates, llc

267 Kentlands Blvd

Gaithersburg, MD 20878


Foreclosure Prevention Assistance for:




What Are Your Options?

Please understand that the lender will always look out for their best interests and not your family's. They usually will try and work something out with you to get you making payments again. In most instances the workout they propose is something that you either can't afford or it will put you right back in this same position within a short time.

Our position is that we can help you decide which one best fits your financial position with all the tools out there.

In a lot a cases a short sale may not be to your best interests and we recognize that. We understand that we cannot help everyone with the types of services we provide.

These are your options . . .

  • Restructure - You can negotiate directly with your lender to get your loan in good standing again. This can be accomplished through a separate payment plan for your delinquency or even adding the delinquency to the end of your loan.
  • Reinstatement - Pay your lender(s) your entire past due payments to bring your mortgage back to current. This option is rarely feasible because of the amount of money needed in advance.
  • Refinance – Contacting a reputable lender who gives loans on mortgages that are in foreclosure IF you have enough equity on your home. .this could be accomplished easily.
  • Sell Your Home - You may simply sell your home before the Foreclosure Sale Date. Sometimes the home owner is unable to sell the home outright at the desired sale prices that will PAY OFF the balance of the mortgage and this is not an option.
  • Short Sale – This we can do for you if your lender(s) are receptive to this option. We may be able to negotiate a Short Sale on your behalf with your lender(s). In this instance the lender may take less than what you owe on the loan to avoid a lengthy and costly foreclosure process
  • Deed-in-lieu of Foreclosure - You can arrange to simply give the home back to the lender and walk away with a clean slate. The terms from a deed-in-lieu of Foreclosure most often does not benefit you because it does not make the Lender happy taking possession of a house that signifies a huge loss for them.
  • Bankruptcy – This is what you should try to avoid at all costs (please consult an UNBIASED OPINION ON THIS MATTER) it's a last resort. A Bankruptcy can only save your home temporarily. The Lender eventually will foreclose leaving you with a double whammy. . a bankruptcy and a foreclosure on your record. The worst case scenario for you and your family.
  • Foreclosure – The ultimate financial sentence that most definitely should avoid at all costs. This is the most damaging to you. The lender will take your home and all of your equity. If there is no equity, your lender may get a deficiency judgment against you and come after you to repay the shortage or "deficiency". This is the most damaging to your credit and your ability to acquire another home loan.