Fairfax VA -Everyone knows that short sales and foreclosures can affect home values in a Fairfax neighborhood. But just how they affect home values can vary depending on the circumstances. In fact, short sales help to stabilize the housing market. That’s because short sales sell for more than a foreclosed property would. Part of the […]
Fairfax VA – Because short sales are a recent phenomenon, many people do not know how exactly they work. A short sale happens when you sell you house but don’t make enough money from the sale to pay off your mortgage. Due to the recent drop in home prices, a lot of people are experiencing […]
Fairfax VA -Debt collectors have a tendency to get pretty mean when someone gets behind on their payments. The constant barrage of threats, demands, and phone calls can become really overwhelming – leading many people to simply give up. Debt collectors have a difficult job, which is probably why they’re so mean. Still, I have […]
Fairfax VA – The Stop Foreclosure Institute is closing another short sale tomorrow. The seller is transferring to a job out of state and they were short selling an FHA loan with a second mortgage. The short sale was fairly simple because FHA’s short sale guidelines. Here was how these sellers benefited from the short […]
Here are some more common short sale mistakes that Fairfax VA home sellers make – as well as how to avoid them. Common Short Sale Mistake #4: Not doing research to find the decision maker on the loan. Between 60% and 75% of all loans are not owned by the lenders you’re dealing with. Rather, […]
Fairfax VA – Over the years that I have worked with Fairfax VA home sellers, I have noticed some common mistakes that they make. Here are some of them: Common Short Sale Mistake #1: Not ordering a title search before negotiating the short sale. A lot of people will do all the work of negotiating […]
Fairfax VA -If you have a VA loan, it’s possible that you are eligible for a Fairfax VA short sale. A VA short sale is also known as a VA compromise sale. If you’d like a copy of the Compromise Sale Guidelines, contact the Department of Veteran Affairs. Typically, we will list the property for […]
Fairfax VA – Fairfax Short Sales get a bad reputation on the Fairfax VA real estate market because almost everyone has heard a horror story about a short sale purchase. Here are some tips to make the Fairfax VA short sale process easier. Tip #1: Make sure an experienced short sale agent is representing you. […]
Fairfax VA -When you are completing a Fairfax VA short sale, one of the documents that your lender will ask for will likely be a financial statement. Don’t make the mistake of not including all of your monthly expenses and total debt owed when submitting this statement. Even if you are behind on payments, I […]
Fairfax VA – Have you ever wondered how exactly a Fairfax VA short sale works for the seller? Here’s how the process goes. Once the seller puts the home on the market with a real estate agent, that person can expect it to take about 1 to 3 months for the house to sell. During that time, Fairfax VA […]
