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 […]
Fairfax VA – If you’re thinking about short selling your Fairfax VA home, it is important that you pick the right agent to assist you in the process. These transactions are much more difficult and complicated than your average real estate transaction as so you’ll want an experienced Fairfax VA realtor who knows what he’s […]
Fairfax VA – Fairfax VA home owners should exercise great care when writing a hardship letter. After all, it’s one of the most important components in a Fairfax VA short sale! The purpose of a hardship letter is to explain why your lender should approve your short sale and let you walk away from the […]
Fairfax VA – If you owe more on your Fairfax VA home than it’s worth, one option you might consider is a Fairfax VA short sale. In a Fairfax VA short sale, the lender agrees to take a loss. This isn’t exactly an ideal situation for the lender and they may ask you to give […]
