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 […]
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 […]
