Fairfax VA – Most people fear that a short sale will ruin their credit. However, short sales are considerably less harmful to your credit than foreclosures. And besides, even if your credit does take a hit, your credit can always be fixed in a strategy known as the dispute process. I believe that many lenders inaccurately […]
Fairfax VA – I recently met a Realtor who sells properties in a beach town. She told me that short sales take between 9 and 12 months because the banks can make the process cumbersome. She told me about how she’d short sold a property owned by two doctors. The sellers had to take a […]
Fairfax VA – I know a man – we’ll call him Tom – who was able to wipe out $300,000 in mortgage debt. I’ve changed the name and some of the details to protect his privacy but his story might be able to help you as a fellow Fairfax VA homeowner. Tom owed a lot of money […]
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 – Today, I’ll teach you the step by step process for how to avoid paying your lender after a short sale. You can also use my advice to avoid paying off other debts, such as with second mortgages, credit cards and judgements. Even if your short sale lender does not give you a […]
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 […]
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 […]
This is important for anyone who owns any asset of value and has equity in it. This is bulletproof protection for your Fairfax VA home from creditors, from judgments and quite often, with structured properly, I’ve even seen investors’ assets protected from the IRS and its claims as well. In Part A of Insider Secret Number […]
This is the second part of Insider Tip 14. Today we’ll talk about … b.) Equity re-utilization – a Multi-millionaire strategy. The Most Widely-Used and Proven Wealth-Building Real Estate Strategy: Part B: Equity Reutilization – the Multimillionaire Strategy: The strategy I told you about last week was with just one house. Quite often, people will […]
