Bear Stearns was a survivor. It survived the Great Depression without laying off any workers. It persevered through WWII , in addition to 9/11. What destroyed it at a time of peace and relative security? The problem was that it had engorged itself on risky mortgages. In my belief, the Wall Street firms were participating in […]
It was simple to get a mortgage loan when the Fairfax VA real estate marketplace was hot. There are quite a few ideas for why that happened. Here is a fact most individuals don’t realize. All the regular rules for risk had gone out the window. Your loan company could give you a risky mortgage loan, but have […]
Are Upside Down Mortgages a Contemporary Debtor’s Prison? We all know Debtor’s Prison didn’t work. In fact, Debtor’s Prison was a solid drag on the economy. Here is the cause. An individual would go into debt. If he could not repay the debt, his lender could have him sent to jail. Here is the problem with that […]
Fairfax VA – This is a continuation of a concept about how the bank’s regard Fairfax short sales. Are you attempting to prevent a deficiency judgment? If so, then you need to be mindful about how you stage yourself to your lender. A loan company will commonly be ok with allowing a destitute borrower get away without […]
Fairfax VA – I always find it exciting to view a situation from the other person’s point of view. I find that when you comprehend their mindset, you increase your chances of a successful negotiation. So today, I’m going to go over the mindset of loan companies during a Fairfax short sale. In my opinion, […]
Fairfax VA – We recently had a short sale seller say the following was the reason he was short selling his house. “I do not wish to pay $1,000 a month on a home that has lost worth”, he stated. The short sale negotiator noticed that and immediately rejected the Fairfax short sale. The Fairfax […]
Fairfax VA – We have seen quite a few cases where a short sale that really should have been authorized was rejected. If your short sale realtor doesn’t understand what they are doing, then you could possibly get stuck with a promissory note that you don’t deserve. Here is a good illustration of this taking […]
Fairfax, VA – If you’ve recently survived a Fairfax foreclosure, deed-in-lieu of foreclosure, short sale or loan modification, you’re probably feeling pretty beat up and worn-out. It’s an arduous procedure that the financial institutions seem to drag out as much as possible. I wish I could tell you that you’re through with the issues from […]
Fairfax VA – It seems unusual that a loan provider would approve a Fairfax short sale when a homeowner is up-to-date on their payment. There is a logical reason that they allow it. Let me explain. Let’s glimpse at a person who owes more than their home is worth and relocates for a job transfer. […]
Fairfax VA – A lot of individuals think that in order to be qualified for a Fairfax short sale you must cease paying your lender. That is not correct. A lot of creditors will approve a short sale, even if you are current on your payments. They will contemplate a short sale based on another hardship, […]
