Fairfax VA – Here is a little known secret when it comes to foreclosures: Many lenders will reject their borrower’s loan modification application and then foreclosure on the house, selling it to the bank. What they don’t realize is that they lose more money in doing so than if they would have just excepted the […]
Fairfax VA – It’s possible to get your life back on track after a Fairfax VA short sale. The first step you’ll want to take is to start repairing your credit. But what about those pesky collections that never seem to go away? I’ll show you a couple of techniques here. This will help you […]
Fairfax VA -It can be overwhelming to face an upside down mortgage. You might just be tempted to walk away, mail your keys to the lender and move out. But before you give up, I have some important information to give you: You should stay in your Fairfax VA house for as long as possible. […]
Fairfax VA -Many people don’t want others to know when they’ve decided to short sell their Fairfax VA home. They feel like the process is somehow shady or dishonest. I’m here to tell you that that notion couldn’t be further from the truth. A lot of the people short selling today never had a blemish […]
Fairfax VA – Many agents run into issues when trying to complete a short sale on a home with more than one mortgage. We recently experienced this when we had a short sale with a first mortgage, a second mortgage, and a third lien. The third lien was an old credit card judgment, which had […]
Fairfax VA -It can be stressful to be a Fairfax Va home owner who is facing foreclosure. You don’t know what is going to happen, how much longer you have in your house before the bank kicks you out on the street or how much money you’re going to owe your lender after all is […]
Fairfax VA – Shocking Fact: Most banks don’t own the loans they are handling. In fact, one of the top four banks in the nation only owns about 20 percent of the loans they hold. The true owner of the other 80 percent is Fannie Mae, Freddie Mac, a Wall Street Trust or a pension […]
Fairfax VA – If you’ve ever tried to get a loan modification, you know how difficult it can be. Why? Because the lender tries to squeeze as much money out of you as possible. They feel like they are entitled to every penny you have until you have paid them back in full. A lot […]
Fairfax VA – There are many misconceptions about foreclosure, deed-in-lieu and short sales. I hope this entry will help clear up some of those misconceptions. Common Foreclosure Myth #1: No matter what I do, I’m going to owe money to someone. Most of the time, the seller is able to walk away from a short […]
Fairfax VA – We recently chatted with someone who completed a Fairfax VA loan modification with HSBC. I was amazed at how easy the process was for them. They didn’t have to wait 60 days for a person to be assigned to their case. They didn’t have to spend hours filling out paperwork. The fax […]
