Tag Archives: Articles

Your Short Sale Questions Answered – Part 7

I have multiple loans on my property. Can I still perform a short sale? Yes! A property with more than one loan is very common. This includes properties that were purchased with two loans and properties with a mortgage and … Continue reading

Share
Posted in Articles, Short Sales | Tagged , , , , , , , , , | Leave a comment

Your Short Sale Questions Answered – Part 6

Are short sales always the answer? Short sales, and many foreclosure alternatives, negatively affect your credit. If you have a job that has security clearance, having a bad credit score could affect your job security. Be sure to speak to … Continue reading

Share
Posted in Articles, Short Sales | Tagged , , , , , , , , , | Leave a comment

Your Short Sale Questions Answered – Part 5

What happens to me during a foreclosure? Here’s how the foreclosure process goes in general following Virginia law. Depending on your state’s laws the process may be different. After a borrower misses a payment or payments the lender sends the … Continue reading

Share
Posted in Articles, Foreclosures, Short Sales | Tagged , , , , , , , , , | Leave a comment

Your Short Sale Questions Answered – Part 4

What are some options for my distressed situation that I should not consider? You definitely don’t want to stop making your payments, or stop making them all together. If you can pay anything, even if it isn’t the full amount, … Continue reading

Share
Posted in Articles, Short Sales | Tagged , , , , , , , , , | Leave a comment

Your Short Sale Questions Answered – Part 3

If I am underwater and in a distressed situation but I want to stay in my home, what are my options? The first thing you should determine is if you can stay in your home and continue to afford living … Continue reading

Share
Posted in Articles, Short Sales | Tagged , , , , , , , , , | Leave a comment

Your Short Sale Questions Answered – Part 2

How did the housing market become how it is? How did my home’s value become so low so fast? This is a question many homeowners and experts are still asking themselves. It’s complicated and there were lots of variables at … Continue reading

Share
Posted in Articles, Short Sales | Tagged , , , , , , , , , | Leave a comment

Your Short Sale Questions Answered – Part 1

What does underwater mean? Am I underwater? Underwater is simply a term to refer to anybody who owes MORE on their mortgage than their home is currently worth.  Underwater doesn’t necessarily mean that you’re distressed or that you are in … Continue reading

Share
Posted in Articles, Short Sales | Tagged , , , , , , , | Leave a comment

New HAMP Guidelines Could Speed Up Loan Modification Process

US Treasury Determined to Improve Conversion Rate January 29, 2010 A new article on DSnews.com brings to light a new HAMP requirement that should speed up the conversion from trial modifications to permanent modifications – an issue we addressed in … Continue reading

Share
Posted in Articles | Tagged , , , , | Leave a comment

Is HAMP helping or hampering homeowners?

Why short sales may be better than a loan modification January 28, 2010 Since it’s inception in February 2009 HAMP, the Home Affordable Modification Program, was designed to be a beacon of light for struggling homeowners.  Yet, despite its good … Continue reading

Share
Posted in Articles | Tagged , , , , | Leave a comment

Short Sales are the Next Real Estate Venture

Short sales are becoming more and more of a desired option for home owners/borrowers and banks than before.  In the past couple of years because of the mortgage crisis people were walking away from their loans and letting their homes … Continue reading

Share
Posted in Articles | Tagged , | Leave a comment