From http://www.reallynicehomes.com/blog/how-avoid-deficiency-judgment-when-doing-short-sale-md/  Simple and direct.. if you qualify for a HAFA Short Sale  One of the main lender requirements  is that they will not seek a cash contribution or promissory note from you. . (the borrower) further more, they may not pursue a deficient judgment against the borrower. Asking again.  How can you avoid a deficiency judgment doing a short sale in your underwater property. . very carefully. Specially finding the right professional  to help you see all your options based on your current financial situation. . Looking for someone to help you in Maryland, DC or Virginia? Call 240-426-5754 Fernando Herboso Broker for Herboso&Associates; Maryland Short Sales Expertwww.Short-Sales-Expert.com ...read more

 Maryland Short sale question posted about LENDER'S HUGE ERROR! Q: I have been in default of my first and second mortgage for about 6 months. I was laid of from my employer and my financial situation gone down hill ever since. I now have my house up for short sale and have become employed. I have decided to go through with the short sale and move on with my life. Recently my first mortgage company notified me by mail sending the original loan papers that my loan is paid in full. They have made a huge mistake since I am really in default. They have been hounding me for the documents to be sent back to them. I don't want to send them if their mistake can work in my favor. My question is....Due to me now having position of my original loan documents stamped and signed paid in full, does that mean that I am free and clear of the loan and the owner of the house? Please advise on what if any steps I will need to take. Thanking you in advance,and my response. . .A:Let me get this straight. . a clerk makes a mistake. .and you want to take full advantage of their error without any disregard from your own admission to be in default of the loan?.  . It's like I come into your house,  buy a used vacuum cleaner from you. .give you a check for $100 . .except I forgot to put a comma and the check is actually for $10,000. .so you need advise if you should cash this check or not?My advice.. do the right thing!When it comes to short sales in Maryland. . finding a creative solution to solve your problems can be easier and clearer . .. if you allow an experienced professional to assist you. . .www.Short-Sales-Expert.comfor MD, DC and VADirect number 301-246-0001 ...read more

What You Should  Do . . .  prior to shopping for your  home in  Gaithersburg MD? When we prepare our clients before a major purchase like buying a home, we prepare them to be ready.Some resist others listen.. The ones that listen get the savings at the end.This is the number one step everybody should take prior to purchasing a home..as much as you want to jump over hops to "Go and See Houses" right away.This is for your own good.OK, maybe you still want to search for a home by yourself. . then at least do this step:The first thing you should do before you go shopping with an a real estate agent for your new home is to get a copy of your credit report and credit score!As simple as this is, many people miss it.You can easily obtain a copy of your credit report and score from one or all of the three credit bureaus. . it will not cost you a thing!Here is their contact information. .TransUnion, P.O. Box 2000, Chester, PA. 19022,800-888-4213,www.transunion.comEquifax, P.O. Box 740256, Atlanta, GA. 30374, 877-784-2528 ,www.equifax.comExperian, P.O. Box 2104, Allen, TX. 75013, 888-397-3742 ,www.experian.comNow, if you want us to help you . . . by simple  allowing us to direct you in preparing your credit so you can purchase a home. .. we will also go out of our way to help you find your dream home for the best price possible.at no charge to you.. . Our professional buyer agents we have in Herboso&Associates are eager to find someone like you to WOW them with our services.Thanks,Fernando Herboso (Broker)Herboso & Associateswww.ReallyNiceHomes.com 240-426-5754 ...read more