Fairfax VA – I always find it exciting to view a situation from the other person’s point of view. I find that when you comprehend their mindset, you increase your chances of a successful negotiation. So today, I’m going to go over the mindset of loan companies during a Fairfax short sale. In my opinion, […]
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 […]
After a distressed Fairfax VA home has gone through short sales or foreclosure auction but still remains unsold, the bank will take it back themselves and foreclose it. It will then become an REO sale; REO meaning Real Estate Owned, or in other words, bank-owned properties.
After Fairfax short sales, the second strategy involves foreclosure auction. This happens when the bank itself takes the Fairfax foreclosure back from the seller. This might be the most hazardous time to buy Fairfax VA homes for sale since you won’t be allowed to see or inspect the property at this time. It’s highly advantageous for you, then, to know of the pitfalls and dangers to avoid, and the corresponding profits to make.
Talking about foreclosure can fill up an entire book by itself. However, there are three types of foreclosures you should be aware of when buying this kind of Fairfax VA homes for sale.
