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Short Sales . . . Avoiding Foreclosure Hell

Short Sales - Easy to Understand What they are but, Difficult to know how to get through one!

I came across this Blog originally written by Fernando of Maryland.  He did such a great job explaining short sales with his visuals.  So often I ask buyers if they know what a short sale is and most of the time they don't.

This is a great illustration and really helps consumers understand how it feels to be in this situation.  If you're feeling this way and think a short sale might be for you, contact your local Real Estate Professional for help.

Definition of a Short Sale:

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.[1] It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties cFonsent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

Field guide to Short Sales - Additional information regarding short sales.



I hear this question very often. .


What is a Short Sale?


The simplified version. . .



Mortgage Underwater? . .

You are hoping the problem will go away. .

You pay and pay and pay. . .and soon discover. .

You get into deeper debt. .by cashing in your 401K


Bank Savings, Your Kid's College Funds. . "The Great Disappearing Act" 

You don’t know what to do?


in desperation you start borrowing money from friends and is . . just to pay your bills? . .


Your Visa & MasterCard Get.. .


You then  call your lender and ask for a loan modification. . .


You feel you are losing it. .  .


You are losing all control. . .

The lender loses your paperwork . . hours on the phone. . . on hold . .

they don’t seem to care. .


Nothing can help you now. .


 Running out of options. . .

The lender loses your paperwork one more time . . more hours on the phone. . . on hold . .

you finally realize that . . .they don’t care . . they are only interested in one way loan modifications. . where they are the beneficiaries  . . not you!




Then a glimpse of hopefulness. . . becomes evident on the distance. .













We are your safety net. . .

Fernando Herboso

Short Sales Expert


MD, DC and VA




Short Sales Maryland Virginia DC







Short Sales HelpSelling Homesforeclosures marylandrent with option to buyreal estate maryland

   Fernando Herboso Broker *Realty Group for Maryland DC and Virginia 240-426-5754


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Comment balloon 4 commentsCarla Freund • November 15 2010 12:30PM
Short Sales Avoiding Foreclosure Hell
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