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 […]
Fairfax VA – If your Fairfax VA home is facing foreclosure, there are several options you can choose. For instance, if you want to keep your home, then you should try to get a loan modification. If you’re okay with letting go of your Fairfax VA home then, here are a few options you can […]
Fairfax VA – If you’re facing a Fairfax VA foreclosure, beware of a Deed in Lieu of foreclosure. While some people believe that this tool helps you to avoid foreclosure, it actually speeds up the process. Here are the most common myths about a Deed In Lieu. Common Myth #1: If I do a Deed […]
If you have an FHA loan, you can short sale your Fairfax VA home. Not only will FHA forgive you of your debt, but it also won’t ask for a promissory note. Here is how an FHA short sale works: As with any Fairfax short sale, the first thing you need to do is send in […]
Wow!, we can’t even sell a home in Northern Virginia Real Estate in under 3 hours. And here they have built an entire house in the time it takes to watch a movie. Watch the video: http://video.google.com/videoplay?docid=5661470904690661035#
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 […]
The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, according to the Office of the Comptroller of the Currency and the Office of Thrift Supervision. “Borrowers were more likely to re-default when their monthly payments aren’t reduced enough in modifications to make staying […]
