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 – 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 […]
In my last Fairfax VA blog post, I discussed with you the difference between LLC and LP entity ownership and joint tenancy, tenants in Common, tenants in the entirety. In Part B of Insider Secret Number 15, you will learn about: c.) Trusts: Grantor vs. Non-grantor. Which offers asset protection and which one offers tax avoidance? Defer or avoid Estate […]
Anytime it comes to getting every dime you are entitled to from the IRS, I like to spread the word to everyone in the Fairfax VA real estate market, especially when it comes down to tactics that are completely legal, yet not very well known. I stumbled upon this well kep secret myself while interviewing […]
Fairfax County Avg Home Sales Prices rise 5.25% in 3rd Quarter 2010
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 […]
