Fairfax Va – I was recently talking with another agent about a short sale he was working on. His seller owed $270,000 and the house was selling as a short sale for $170,000. The lender had two opinions of the house value. They said the house was worth 220k but the agent thinks those are incorrect considering […]
Fairfax VA – I encountered a negotiator from one of the largest lender in the country try to push me around last week. For the last year, I’ve worked to understand all of the rules for different loan owners or insurers, including FHA, VA, Fannie Mae, Freddie Mac, and “sliced and diced.” These are the people that own […]
Fairfax VA – Did you know that you can dispute negative items on your credit? When you do, you can sometimes get negative items to go away in as little as 30 to 60 days. Although this isn’t always the case, if you keep at it, you’ll find that it does sometimes work, and that […]
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 – 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 […]
