Fairfax VA – Did you know that you can dispute negative items on your credit? When you do, you can sometimes get negative items to go away in as little as 30 to 60 days. Although this isn’t always the case, if you keep at it, you’ll find that it does sometimes work, and that […]
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 – No one likes to have a debt hanging over their heads. Many Fairfax VA homeowners in this situation worry, “Is there a possibility I could go to jail for this? What will my friends think if they find out? What if the bank sues me and takes everything I own? Will they […]
Fairfax VA – Today, I’ll teach you the step by step process for how to avoid paying your lender after a short sale. You can also use my advice to avoid paying off other debts, such as with second mortgages, credit cards and judgements. Even if your short sale lender does not give you a […]
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 – We’ve been talking about Wall Street owned loans and “slicd and diced” loans for a while now. Remember, these owners are not the same as Fannie Mae, Freddie Mac, FHA and VA. It’s not as likely that they won’t give you a complete release from the debt. Nevertheless, I have some good […]
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 […]
