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 […]
Fairfax VA – For many Fairfax VA taxpayers, the term IRS is something that instills fear in them. Here’s what I think about the whole forgiveness thing. Remember, as with all of my writing, all of the info stated below is my personal opinion on this subject. This is not legal or accounting advice. You […]
This week I told you about a couple whom I talked to about Fairfax short sale deficiencies. They told me about how they received a first mortgage with EMC and then got an approval letter on a short sale. None of the language in the latter said “satisfied in full” or words to that effect. […]
Recently, I told you about a couple who inquired about Fairfax short sale deficiencies. This couple told me, “We have a first mortgage with EMC. Just got an approval letter on a short sale. NO language in letter that says ‘satisfied in full’ or words to that effect.” The couple continued with their story: “The […]
Fairfax VA – A Fairfax VA couple recently asked me a question about short sale deficiencies. Here’s their story: “We have a first mortgage with EMC. We just got an approval letter on a short sale but there was NO language in the letter that says ‘satisfied in full’ or words to that effect. It […]
Fairfax VA – Foreclosing on a house is a time-consuming process that can take some lenders years to complete. Why? First, there are many people who are unable to make their payments on time. Second, the court system has a lengthy backlog of cases. This gives you as the Fairfax VA home owner plenty of time […]
Fairfax VA – I recently heard about a got ripped off by a debt collector who asked the man if he could pay them $500. This man wanted to do the right thing so he ended up agreeing to pay the $500. When the debt collector sent him a form to make the payment through […]
Fairfax Va – I was recently talking with another agent about a short sale he was working on. His seller owed $270,000 and the house was selling as a short sale for $170,000. The lender had two opinions of the house value. They said the house was worth 220k but the agent thinks those are incorrect considering […]
Fairfax VA – I encountered a negotiator from one of the largest lender in the country try to push me around last week. For the last year, I’ve worked to understand all of the rules for different loan owners or insurers, including FHA, VA, Fannie Mae, Freddie Mac, and “sliced and diced.” These are the people that own […]
