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 – The majority of Fairfax short sales result in your owing nothing at the end. Yet some stubborn lenders will refuse to release you. Instead, they’ll follow their company’s strict policies to the letter. If you find yourself in this kind of situation, here’s what you can do: Short sell your property and […]
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 […]
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 […]
Fairfax, VA – If you’ve recently survived a Fairfax foreclosure, deed-in-lieu of foreclosure, short sale or loan modification, you’re probably feeling pretty beat up and worn-out. It’s an arduous procedure that the financial institutions seem to drag out as much as possible. I wish I could tell you that you’re through with the issues from […]
