I want to sell my house fast in Richmond VA
If that statement describes you, you have come to the right place.
We have been buying homes in the Richmond Virginia area since 2002, helping people unload their houses to help them out of ugly situations: Divorce, foreclosure, emergency relocation, ugly home, or way too many repairs. The situation may not be ugly, but [...]
Avoid Foreclosure in Richmond VA
Most people don’t buy a house with the intent of getting behind on payments and facing the prospect of foreclosure.
Prevent Foreclosure
There are two main ways to lessen the likelihood of foreclosure before you’re even move in the house.
First, simply don’t put yourself in a situation where you won’t be able to afford your mortgage. This [...]
Foreclosures Costs
Mortgage News Daily issued a report that takes A Look at Foreclosures Costs.
The staggering fact is this:
The cost of a foreclosure, it turns out, is pretty staggering and we wonder why lenders and the investors they represent aren’t jumping at a solution, any solution, that would allow them to avoid going to foreclosure whenever possible.
According [...]
Short Sales in the News
From: http://www.paloaltoonline.com/news/show_story.php?id=8037
Homeowners unable to afford their mortgage payments can sometimes negotiate an agreement with lending institutions to sell their home for less than their mortgage debt — preventing foreclosure, a harrying process for both lenders and sellers — and, in many cases, absolving debt while preserving credit.
“Both short sales and foreclosures are considered ‘negative [...]
How Does a Short Sale Work?
Q: What is a short sale?
A short sale is a sale of your property where the bank agrees to accept less than what is owed as an alternative to foreclosure. They agree to accept a payoff that is “short” of what is actually owed. We can sometimes convince a lender that its in their best [...]
Behind on Payments? Credit Counseling and Short Sales
At MortgageNet Daily, there is a new article about credit counseling, which can be a viable option for those who are falling behind.
It goes on to describe information about the challenge of short sales (loss mitigators are overwhelmed), and how to work a short sale. If you are considering a short sale, please read the [...]
Short Sale Processing Time
At Mortgage News Daily.com, there is an article about the time it takes to process short sales. Banks are hard to deal with, loss mitigators are overwhelmed, and many attempts at short sales fail.
The article contains anecdotes of timelines like 2 months, to 11 months, to complete rejection by the banks.
A short sale process is [...]