Foreclosure vs Short Sales in Maryland : An Investor's Dilemma

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor


Short Sales Maryland

short sales
The Differences are very clear.. .
Should you do a short sale or just let them foreclose on your property?
It's your choice:
short sales vs foreclosures
The "Issue" Foreclosure Short Sale
Non-Primary Residence (for Investors only)
Any investor that allows a property go in foreclosure will be ineligible for a FANNIE  MAE backed investment mortgage for a period of at least 7 years  Any Investor that successfully negotiates a short sale can obtain  a FANNIE MAE backed loan as early as 2 years.


Tip:Having a bad investment should not be the end of the world.. .but ignoring the problem and getting stuck with a negative equity month after month can be the kiss of death for many investors. If you qualify with a hardship, you should consider doing a short sale even if you have to pay taxes of the shorted amount. . .it could be end up being considerably less than ignoring the problem and bleeding to death.
To read the complete series " Short Sales vs Foreclosure"  ← click here

To find out more if a short sale is an option for you:

short sales maryland (Click on the Image to Read our Ebook )
"Is a Short Sale an Option for You?"
Short Sales vs Foreclosure
"Need immediate help? call 240-426-5754"

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What is the difference between a short sale and a foreclosure?
In a short sale, you sell your home
In a foreclosure. . you lose it
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Short Sales Maryland / Virginia Realtors Experience doing short sales and helping to solve the Foreclosure Crisis one client at a time


Real Estate by Herboso & Associates

 


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Jared Hokanson
Hokanson Realty - Medford, OR
Realtor Southern Oregon

Fernando - I appreciate you posting this.  Do you have a current link or source you can provide with Fannies guideline on the investment property and 7 years?  Thanks in advance.

May 05, 2010 08:46 AM #1
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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