mortgage: Deed-In Lieu vs Short Sale - 04/16/12 09:11 AM
Deed-In Lieu vs Short Sale
By: Elaine VonCannon Associate Broker, ABR, SRES, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR
Deed in lieu of foreclosure and "short sale" are alternatives to foreclosure. Because foreclosure is so devastating to a credit score, almost anything is better thanforeclosure, and both of these alternatives result a much lighter impact on a credit score.A deed in lieu of foreclosure and a short sale are very … (0 comments)
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mortgage: US House Democrats press for mortgage write-downs......The Help that the REAL ESTATE needs.........Can anyone make the rest of Congress Listen? - 11/27/11 04:08 PM
By: Elaine VonCannon ABR, SRES, REALTOR, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR, Director WAAR MLS Board
Nov 23 - More than 20 Democrats in the U.S. House of Representatives on Tuesday called on the regulator of Fannie Mae and Freddie Mac to help underwater borrowers by allowing their loan principal to be reduced.
The regulator has faced increasing pressure to permit the write-down of principal by the two … (0 comments)
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mortgage: "Contract For Deed" May Have Tax Issues and Other Issues With Your Lender! - 10/09/10 03:18 PM
Contract for deed' may have tax issues and other issues with your lender!
By: Elaine VonCannon ABR, SRES, REALTOR, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR, Director, WAAR MLS Board of Directors
FROM ASK ELAINE:
Hi Elaine,
I am an avid reader of your Blog and articles you write on real estate. Here is my question.
What is a "contract for deed"? My real estate broker suggested that I consider this, … (0 comments)
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mortgage: Who's That Knocking At My Door? Investing To Rent! - 09/07/09 12:18 PM
Who's That Knocking At My Door? Investing To Rent!
By Elaine VonCannon, ABR, SRES, REALTOR, Property Manager, Notary, Team Leader, Award Winner, RE/MAX Hall Of Fame
Investing to rent can create the financial and real estate success you have been searching for, but it takes hard work, thoughtful preparation and practical knowledge. As a landlord you must be creative, fearless and intuitive. In the Tidewater area approximately one out of every five homebuyers is making an investment as well, whether it's in a second home, rental unit or a condominium for a child attending college.
In all of these circumstances you … (0 comments)
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mortgage: The Banks Seems To Want “The Average Joe” To Go Into Foreclosure!!! - 11/03/08 07:13 AM
The Banks Seems To Want "The Average Joe" To Go Into Foreclosure!!!!
By: Elaine VonCannon, ABR, SRES, REALTOR, NOTARY, PROPERTY MANAGER, TEAM LEADER
I have had calls and emails about this servicing company to one of the major lenders Wells Fargo. It seems the Americas Servicing Company is a secret agent for Wells Fargo. If you do research you will find 72 pages of complaints about the practices of this company.
How you might ask did this company get your loan to service? Through the bundling up of mortgages on the bond market and selling A … (3 comments)
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