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 […]
Fairfax VA – If you’re thinking about short selling your Fairfax VA home, it is important that you pick the right agent to assist you in the process. These transactions are much more difficult and complicated than your average real estate transaction as so you’ll want an experienced Fairfax VA realtor who knows what he’s […]
Fairfax VA – Fairfax VA home owners should exercise great care when writing a hardship letter. After all, it’s one of the most important components in a Fairfax VA short sale! The purpose of a hardship letter is to explain why your lender should approve your short sale and let you walk away from the […]
Fairfax VA – If you owe more on your Fairfax VA home than it’s worth, one option you might consider is a Fairfax VA short sale. In a Fairfax VA short sale, the lender agrees to take a loss. This isn’t exactly an ideal situation for the lender and they may ask you to give […]
Fairfax VA – If your Fairfax VA home is facing foreclosure, there are several options you can choose. For instance, if you want to keep your home, then you should try to get a loan modification. If you’re okay with letting go of your Fairfax VA home then, here are a few options you can […]
Fairfax VA – If you’re facing a Fairfax VA foreclosure, beware of a Deed in Lieu of foreclosure. While some people believe that this tool helps you to avoid foreclosure, it actually speeds up the process. Here are the most common myths about a Deed In Lieu. Common Myth #1: If I do a Deed […]
Fairfax VA – Recently I found out about a rather disturbing loophole when it comes to Fairfax VA short sales. Let’s say that someone is short selling their Fairfax VA house. The mortgage is with ABC Bank. The homeowner also happens to have a checking or savings account at ABC Bank. One day, these Fairfax home owners stop […]
If you have an FHA loan, you can short sale your Fairfax VA home. Not only will FHA forgive you of your debt, but it also won’t ask for a promissory note. Here is how an FHA short sale works: As with any Fairfax short sale, the first thing you need to do is send in […]
