Many years ago a client came to me and told me about a house he was thinking of buying in Denver as a Short Sale. He wanted to know if I knew anything about Short Sales and if there was a way to speed up the lender in his case. I had to sheepishly say “no” I had never heard of this thing called a “Short Sale”. Six months later my first Short Sale client walked into my office in Leesburg asking for help. I could not believe the level of effort and time it took me to close that first Short … [Read more...]

  UPDATE:   Looks like another Real Estate firm is taking sides in the Real Estate syndication game . Here is a quick video by a San Diego RE firm that has opted-out of some of the biggest RE syndicates on the web. Talk about fearless! Here is a blog post by another very well respected Real Estate blogger Broker who explains the pros of syndication. No doubt this will continue to be a hotly discussed topic to come within Real Estate circles.   Oh yea, … [Read more...]

PenFed Realty is opening a brand new office in Chantilly VA! What’s so great about another Real Estate firm opening up an office in Chantilly you ask?   First a little background; PenFed Realty is a wholly owned subsidiary of Pentagon Federal Credit Union with over 1 million Federal and Government members with over $14 billion in assets. PenFed Realty currently has nine offices (Chantilly will be number 10) open throughout the US and has plans for another dozen offices in the next … [Read more...]

With all the craziness happenings in the mortgage industry there is never a shortage of confusion about what exactly is a foreclosure, Deed in Lieu, or a short sale. Just as importantly as understanding what these very “mortgage industry” terms actually mean is understanding how they will effect you! So, lets get started!   * Foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of … [Read more...]