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 […]
Bear Stearns was a survivor. It survived the Great Depression without laying off any workers. It persevered through WWII , in addition to 9/11. What destroyed it at a time of peace and relative security? The problem was that it had engorged itself on risky mortgages. In my belief, the Wall Street firms were participating in […]
It was simple to get a mortgage loan when the Fairfax VA real estate marketplace was hot. There are quite a few ideas for why that happened. Here is a fact most individuals don’t realize. All the regular rules for risk had gone out the window. Your loan company could give you a risky mortgage loan, but have […]
Are Upside Down Mortgages a Contemporary Debtor’s Prison? We all know Debtor’s Prison didn’t work. In fact, Debtor’s Prison was a solid drag on the economy. Here is the cause. An individual would go into debt. If he could not repay the debt, his lender could have him sent to jail. Here is the problem with that […]
Fairfax VA – This is a continuation of a concept about how the bank’s regard Fairfax short sales. Are you attempting to prevent a deficiency judgment? If so, then you need to be mindful about how you stage yourself to your lender. A loan company will commonly be ok with allowing a destitute borrower get away without […]
Fairfax VA – I always find it exciting to view a situation from the other person’s point of view. I find that when you comprehend their mindset, you increase your chances of a successful negotiation. So today, I’m going to go over the mindset of loan companies during a Fairfax short sale. In my opinion, […]
Fairfax VA – We have seen quite a few cases where a short sale that really should have been authorized was rejected. If your short sale realtor doesn’t understand what they are doing, then you could possibly get stuck with a promissory note that you don’t deserve. Here is a good illustration of this taking […]
