Fairfax VA – Most people fear that a short sale will ruin their credit. However, short sales are considerably less harmful to your credit than foreclosures. And besides, even if your credit does take a hit, your credit can always be fixed in a strategy known as the dispute process. I believe that many lenders inaccurately […]
Fairfax VA – I recently met a Realtor who sells properties in a beach town. She told me that short sales take between 9 and 12 months because the banks can make the process cumbersome. She told me about how she’d short sold a property owned by two doctors. The sellers had to take a […]
Fairfax VA – I know a man – we’ll call him Tom – who was able to wipe out $300,000 in mortgage debt. I’ve changed the name and some of the details to protect his privacy but his story might be able to help you as a fellow Fairfax VA homeowner. Tom owed a lot of money […]
Fairfax VA – Before the housing market crash, the subprime mortgage market was hot. Wall Street Firms were eager to get in on the action because they could buy a subprime loan and sell it for a profit. Based on my analysis, they could mark up the price of the mortgages they bought for five […]
Fairfax VA – The majority of Fairfax short sales result in your owing nothing at the end. Yet some stubborn lenders will refuse to release you. Instead, they’ll follow their company’s strict policies to the letter. If you find yourself in this kind of situation, here’s what you can do: Short sell your property and […]
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, […]
Fairfax VA – I just saw a story in the news. It appears that some businesses were charging $275 to $400 for car payment reductions. They would attempt to negotiate decreased payments with the lender on the car note. The only problem was that lenders were unwilling to present payment reductions. I agree with the […]
Fairfax VA – Getting a quick sale approved isn’t that tricky when you know the rules. We have mentioned it elsewhere on this blog, but I will mention it again. Close to 80% of all financial loans held by huge nationwide creditors (such a Financial institution of The usa or Wells Fargo) are not […]
Fairfax VA – We have a new method in the combat to avoid becoming harassed day and evening by financial debt collectors. Even though there are legal guidelines that assist you, in my belief, the credit card debt collector seldom follows them. Do you owe much more than your house is really worth and want […]
