Fairfax VA -Individuals facing foreclosure might wonder if it’s best to do a deed-in-lieu of foreclosure and just give their home back to their lender. A deed-in-lieu does have its benefits – for the lender that is. Lenders like them because it speeds up the foreclosure process. After all, a deed-in-lieu is basically like pleading […]
Thinking about a short sale, but can’t pay your homeowner’s association dues? Fairfax VA – Many people think that if they have any unpaid homeowner’s association dues, they are ineligible for a Fairfax short sale. This is not true. Typically, when you short sell your home, your lender will pay the association dues for you. […]
Fairfax VA – Short sales have a reputation for being frustrating and complicated. Here is a story that illustrates why short sales have earned this reputation. Let’s say you are negotiating a short sale with a lender. You call them and get transferred to a call center in another country. They are helpful and give […]
Fairfax VA – Wells Fargo is the second biggest short sale lender with whom we work. As one of the largest lenders in the country, Wells Fargo has a Loss Mitigation Department that is much better than a lender’s loss mitigation department. This national bank has two loss mitigation departments. One is located in Fort […]
Fairfax VA – I recently saw an amusing video about loan modifications. In it the guy called Wells Fargo “Hells Fargo.” Evidently, it can sometimes be difficult to get a loan modification because they’ll often lose your paperwork. You have to talk to people in other countries where English IS NOT their first language. The […]
Fairfax VA -It is very stressful to be upside down and facing foreclosure. You are worrying about everything. You wonder: How will I pay back that huge debt? When will I ever be able to stop worrying about money? “I remember when I did not worry about money. How did I do that? A short […]
Fairfax VA – I recently talked with a Fairfax VA homeowner who was facing foreclosure. She heard that trying for a shore sale would be difficult. Someone told her, “Banks never accept short sale offers. You are wasting your time if you try one.” Consequently, she didn’t even try for a short sale and she […]
Fairfax VA – A recent article in the Sun Sentinel described a situation in which Bank of America foreclosed on a paid off home. Here’s an excerpt: When Jason Grodensky bought his modest Fort Lauderdale home in December, he paid cash. But seven months later, he was surprised to learn that Bank of America had […]
Fairfax VA – A lot of the people we work with tend to be concerned about what their neighbors would think if they knew they were short selling their home. In order to alleviate these concerns, we make sure that everything your neighbors see – such as the “for sale” sign – does not say […]
Fairfax Va – About 80 percent of the loans that Bank of America holds are not owned by the bank. For many people, this is quite shocking. The truth is, a majority of those loans are owned – or at least insured – by the federal government. If they own them, it’s through Fannie Mae […]
