Fairfax VA -One of the main reasons why a bank will reject a short sale offer is if they feel like the property is worth a certain amount and the offer is less than that. Let’s say you have a buyer willing to pay $119,000 for a short sale. After the bank orders an appraisal, […]
Fairfax VA – Because short sales are a recent phenomenon, many people do not know how exactly they work. A short sale happens when you sell you house but don’t make enough money from the sale to pay off your mortgage. Due to the recent drop in home prices, a lot of people are experiencing […]
Fairfax VA -Debt collectors have a tendency to get pretty mean when someone gets behind on their payments. The constant barrage of threats, demands, and phone calls can become really overwhelming – leading many people to simply give up. Debt collectors have a difficult job, which is probably why they’re so mean. Still, I have […]
Fairfax VA – The Stop Foreclosure Institute is closing another short sale tomorrow. The seller is transferring to a job out of state and they were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines. Here was how these sellers benefited from the short […]
Here are some more common short sale mistakes that Fairfax VA home sellers make – as well as how to avoid them. Common Short Sale Mistake #4: Not doing research to find the decision maker on the loan. Between 60% and 75% of all loans are not owned by the lenders you’re dealing with. Rather, […]
Fairfax VA – Over the years that I have worked with Fairfax VA home sellers, I have noticed some common mistakes that they make. Here are some of them: Common Short Sale Mistake #1: Not ordering a title search before negotiating the short sale. A lot of people will do all the work of negotiating […]
Fairfax VA -If you have a VA loan, it’s possible that you are eligible for a Fairfax VA short sale. A VA short sale is also known as a VA compromise sale. If you’d like a copy of the Compromise Sale Guidelines, contact the Department of Veteran Affairs. Typically, we will list the property for […]
Fairfax VA – Fairfax Short Sales get a bad reputation on the Fairfax VA real estate market because almost everyone has heard a horror story about a short sale purchase. Here are some tips to make the Fairfax VA short sale process easier. Tip #1: Make sure an experienced short sale agent is representing you. […]
Fairfax VA -When you are completing a Fairfax VA short sale, one of the documents that your lender will ask for will likely be a financial statement. Don’t make the mistake of not including all of your monthly expenses and total debt owed when submitting this statement. Even if you are behind on payments, I […]
Fairfax VA – Have you ever wondered how exactly a Fairfax VA short sale works for the seller? Here’s how the process goes. Once the seller puts the home on the market with a real estate agent, that person can expect it to take about 1 to 3 months for the house to sell. During that time, Fairfax VA […]
