Since 1991, Robert B. McArtor has conducted Real Estate Auction Sales and Foreclosure Sales in Maryland of Residential Homes - Land/Agricultural - Commercial Properties - Investment Properties - Non-Conforming Properties and Estate Sales totally more than $25 Million in 2007 alone.
Robert McArtor currently services all your Real Estate needs through-out Maryland including but not limited to Harford County, Baltimore County, Cecil County, Anne Arundel County, Montgomery County, Carroll County and Baltimore City.
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What are the Alternatives to Foreclosure?
Deed In Lieu of Foreclosure in Maryland
A Deed In Lieu of Foreclosure is an option if you do not qualify for any of the other alternatives and you do not have additional liens against your property. To avoid foreclosure you may be able to deed the property directly to the lender.
Forbearance Agreement in Maryland
If you are unable to make a loan payment on your loan, you may qualify for a Forbearance Agreement. This is a formal repayment plan which if approved by your lender will stay any pending foreclosure while payments are being made.
If your loan is past due for one, two, or three payments because of a temporary financial setback, you may qualify for a Repayment Plan. You must be able to make the monthly loan payment and pay an additional amount towards the past due amount each month until the loan is brought current.
Loan Modification Agreement in Maryland
If you are unable to pay your past due loan payments, but you can meet your monthly obligations, your lender may be able to make a Loan Modification by adding the delinquent escrow payments to your loan balance to bring your loan current. Your current mortgage interest rate must be within market guidelines. If you have any additional liens against your property, the lien holders must be willing to subordinate their interest to the new loan amount.
Short Sale in Maryland
If you wish to sell your property, but the net proceeds from the sale is not enough to pay off your loan and you cannot afford to pay the shortage; the investor may allow you to sell your property without paying the entire amount due.
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