Does anyone know how bankruptcy laws in the state of Virginia work?
The situation is that a homeowner has filed chapter 7. The first lien holder filed a motion for relief of stay.....of course it was granted. Eventually, the bk was discharged. The homeowner then worked out a loan mod with the first. The second, which was discharged in the bk still holds a lien on the home. How is this allowed and what can the homeowner do to get this lien released without paying the second?
I have been involved in short sales since 2006 before most in the Tidewater area of VA even knew what they were. I began with an investor, buying at a reduced price, then closing back to back with the end buyer within the same day or within 24 hours. This was done with little efffort. Eventually, as the market changed and changed again, these became more difficult, but are becoming easier with lender streamlining and education. Over the past 4 years, I have worked with many investors, some ethical, and some not so ethical, looking at distressed sellers as their meal ticket with little to no empathy. I would love some imput, particularly on the subject of A-B-C transactions.
I have to say that in 10 years, I have never been so scared in my life of our changing market!! I swiched gears about a year and a half ago and started driving my efforts towards our declining market by doing short sales. I have been very successful, however, the banks seem to be switching gears and not really playing ball with us anymore. It is increasingly difficult to find buyers for homes with even the best discounts!! If anyone out there has any positive words, I would love to hear them!! Happy New Year!! I hope we see things turn around for all of us, soon.
THIS IS REALLY JUST A PRACTICE. I AM NOT REALLY SURE ABOUT ALL OF THIS, BUT WANTED TO THANK NAOMA DORIGUZZI WITH WACHOVIA MORTAGE FOR INVITING ME TO JOIN ACTIVE RAIN AND THANKS TO HER HUSBAND CHARLIE FOR INTRODUCING. NAOMA IS A SWEETHEART AND GREAT TO WORK WITH!! I AM LOOKING FORWARD TO MEETING NEW PEOPLE HERE, BOTH PROFESSIONALLY AND PERSONALLY!! O'SULLIVANS WARF WILL BE OPENING SOON ON GREAT NECK ROAD IN VIRGINIA BEACH. THIS WILL BE IN THE OLD ISLA BUILDING AND WILL ALSO HAVE ON AND OFF PREMISES CATERING. THE OWNERS ARE GREAT GUYS AND THIS WILL PROVE TO BE THE NEW HOT SPOT IN GREAT NECK.
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With over 10 years of experience in all aspects of Real Estate, I am pleased to say that I am an expert at and love doing short sales!! 2006 was our first declining year throughout the Hampton Roads
SERVING BUYERS AND SELLERS FOR SUFFOLK REAL ESTATE, VIRGINIA BEACH REAL ESTATE, NORFOLK REAL ESTATE, CHESAPEAKE REAL ESTATE, AND ALL OF THE HAMPTON ROADS REAL ESTATE MARKET.
When it comes to buying a home, the only thing that I can say is................either know what you are doing, or work with a well experienced agent who does!! Remember, you, the buyer, are not paying the commission..the seller is! So there is no reason not to be professionally represented during the search, contract negotiations, and closing of your home purchase. I can't stress how important it is to have an experienced Realtor who knows the area, schools, market stability, and how to price an offer so you can get the best deal possible, but at the same time, not lose out on the home of your dreams by low-balling when, even in this market, the seller may have such a hot propery that he holds the cards!! I work to find buyers what they want, not what I want them to have, while providing my experience and knowledge of the area!! When you are ready, I am always here!!
SERVING BUYERS AND SELLERS FOR SUFFOLK REAL ESTATE, VIRGINIA BEACH REAL ESTATE, NORFOLK REAL ESTATE, CHESAPEAKE REAL ESTATE, AND ALL OF THE HAMPTON ROADS REAL ESTATE MARKET.
When it is time to sell your home, possibly the single largest financial andd personal investment of your life, you can't take any chances!! Experience, knowledge, eagerness, trustworthiness, empathy and especially the love of Real Estate are all qualifying factors when considering an agent. The process can be confusing, stressful, and frustrating at times, but I am always here 24-7 to walk you through the process making it as painless as possible. "Normal" sales in this market can be quiet challenging, and if you are in a pre-foreclosure or short sale situation, then the challenges which have to be met become almost overwhelming. I am here to help!! As a Realtor, I have suffered the same economic loss as many others, and like millions of other homeowners, across America have dealt with the short sale process with my own lender. I have become a Short Sale expert "by default" by dealing with my own home as well as countless other short sales throughout the Hampton Roads area. There is nothing more important to me, other than my family, than assisting homeowners in starting fresh!! Together we can get through this!!
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