Fairfax VA – When you catch up on all of your back payments and resume paying your original mortgage payment, that is known as a forbearance. While this is a good option for many people, it doesn’t lower payments as much as a loan modification would. The one advantage to a forbearance is that the process […]
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 – 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 – 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 […]
In my last Fairfax VA blog post, I discussed with you the difference between LLC and LP entity ownership and joint tenancy, tenants in Common, tenants in the entirety. In Part B of Insider Secret Number 15, you will learn about: c.) Trusts: Grantor vs. Non-grantor. Which offers asset protection and which one offers tax avoidance? Defer or avoid Estate […]
This is important for anyone who owns any asset of value and has equity in it. This is bulletproof protection for your Fairfax VA home from creditors, from judgments and quite often, with structured properly, I’ve even seen investors’ assets protected from the IRS and its claims as well. In Part A of Insider Secret Number […]
This is the second part of Insider Tip 14. Today we’ll talk about … b.) Equity re-utilization – a Multi-millionaire strategy. The Most Widely-Used and Proven Wealth-Building Real Estate Strategy: Part B: Equity Reutilization – the Multimillionaire Strategy: The strategy I told you about last week was with just one house. Quite often, people will […]
