short sales: 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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short sales: Why Do I Need a REALTOR: A Slice of Life....... - 11/26/11 10:22 AM
Why Do I Need a REALTOR: A Slice of Life.......
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
To all the realtors, real estate practitioners, and those who support us to do what we do…… in making the practice of real estate an honorable profession……..
Thanksgiving is the one Holiday my family eats out, as I need a … (4 comments)
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short sales: LET'S TALK ABOUT: DEED-IN-LIEU OF FORECLOSURE - 06/17/11 01:31 PM
LET'S TALK ABOUT: DEED-IN-LIEU OF FORECLOSURE
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
As the name sounds, a deed-in-lieu of foreclosure is a process in which the deed to a home is signed over to the mortgage company in return for them forgiving all, or a significant portion, of your mortgage loan. You are giving your property to your lender in … (1 comments)
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short sales: Lenders, Short Sales and Ineptitude, the 3 word which go hand and hand! - 12/01/09 09:17 AM
Lenders, Short Sales and Ineptitude, the 3 word which go hand and hand!
By: Elaine VonCannon, ABR, SRES, REALTOR, NOTARY, PROPERTY MANAGER, TEAM LEADER, AWARD WINNER, RE/MAX Hall of Fame
This is a tale of woe. The moral of this tale is do not subject yourself to a lender who does not want you to walk into equity on a short sale.
This tale begins with Wells Fargo. The buyer choose to use this lender without letting either agent know that there was a change from the lender who wrote the pre-approval letter when the offer was presented.
As you … (1 comments)
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short sales: Tarp Money, Short Sales and Chase Bank, Can Any One Help? - 04/17/09 08:42 PM
Tarp Money, Short Sales and Chase Bank, Can Any One Help?
By: Elaine VonCannon, ABR, SRES, REALTOR, NOTARY, PROPERTY MANAGER, TEAM LEADER, AWARD WINNER, RE/MAX Hall of Fame
I am having so much trouble with the short sales department of Chase Bank. Chase holds the 1st mortgage on a property I have listed. Wachovia held the 2nd. Finally Wachovia bowed to Chase.
This happened after a Trustee Sales was to be done. In fact 15 minutes before the sale was to take place. Then 2 weeks later Wachovia bowed to Chase.
Chase had already countered an offer, and the … (2 comments)
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