Maryland Short Sales 301-343-7671

News, Advice & Commentary on Marylands Foreclosure Crisis

Browsing Posts tagged Maryland Short Sale

An article was published in the Wall Street Journal today on a dilemma facing many homeowners.  Should I stay or should I walk away?  I get this question a lot from homeowners in Maryland considering a short sale and my answer varies depending on their overall financial picture.

My background as a financial advisor really enables me to consult homeowners not only on real estate but on their overall financial health.  Unfortunately, many homeowners compartmentalize their finances instead of looking at the financial picture as a whole.  BIG MISTAKE!!

If you are considering whether to short sale your  maryland home or stay, or possibly try and modify your existing mortgage you need to look at your financial health as a whole.

Upside down in your mortgage in maryland? Behind on payments contact us today for a free short sale evaluation

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Homeowners if you are facing foreclosure, DO NOT just walk away consider a SHORT SALE.  Wachovia bank is quietly offering homeowners a cash incentive to pusue a short sale instead of foreclosure.  This is being done without much fanfare and without much press.  Currently Wachovia is the ONLY bank I am aware of that is considering this option and as far as I can tell is only being done is California.  However, I would expect multiple lenders to follow and this to be available for Maryland Short Sales soon.  As I wrote previously, the Treasure Dept. is finalizing a plan that will provide the same type of compensation. View the entire article on Wachovias’  short sale plan .

Upside down in your mortgage, behind on payments contact us today for a free short sale evaluation.  You can also find us on Facebook.

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