you been searching Northern Virginia homes for sale to find some great rental investments? Rental properties can provide a great return on investment, if you know what to look for, and what factors contribute to a successful rental.
It is no longer unusual to meet someone in your area who has had a foreclosure, short sale or bankruptcy. The recession has taken a toll on home owners across the country, as well as owners of Northern Virginia real estate. The big question on these people’s minds is, “When will I be able to qualify for a mortgage loan again?” The answer varies, because it depends on the financial route that has been chosen.
Fairfax VA – I encountered a negotiator from one of the largest lender in the country try to push me around last week. For the last year, I’ve worked to understand all of the rules for different loan owners or insurers, including FHA, VA, Fannie Mae, Freddie Mac, and “sliced and diced.” These are the people that own […]
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 […]
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 […]
Fairfax VA – We recently had a short sale seller say the following was the reason he was short selling his house. “I do not wish to pay $1,000 a month on a home that has lost worth”, he stated. The short sale negotiator noticed that and immediately rejected the Fairfax short sale. The Fairfax […]
