How to Buy a Foreclosure or Short Sale in Fairfax and Loudoun County

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Research- This begins way before there is a sign on the lawn. In most cases savvy investors begin prospecting for foreclosures and short sales in the public announcements section of their local paper. Do a drive by of any houses that are in default. See if the property is vacant as well as the condition of the outside. ***Hint here** If it looks rough on the outside you can beat it’s going to be rough on the inside. Go to the courthouse steps and see if the bank had to buy back the mortgage … [Read more...]

Is Your New Home a Lemon?

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You’ve done your homework, you checked out the schools, neighborhood, traffic patterns; you have even Googled your neighbors. When you move in however, you start noticing that your home is well…. not up snuff. First its just minor stuff, nail pops, trim work, closet door not fitting right, maybe a wrong fixture or two. As you start living in your home you notice more and more problems some major. You then talk to your new neighbors and find out that they too have been having quality issues. … [Read more...]

Do You Know Your Neighborhoods Walk-Ability Score?

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Do you know your neighborhoods Walk Ability Score? Do you know what a Walk-Ability score is? Why should you care about Walk - Ability? Let’s start at what a “Walk Ability” score is and why it’s so important in today’s Northern Va real estate market. “Walk Ability” scores look at things such as public transportation, grocery store locations, libraries, hospitals, doctor’s offices, dinning and shopping locations as compared to where you live. The more amenities you have near … [Read more...]

Is the New HAFA Program good for you part II

Is the New HAFA Program good for you? Need more information on Short Sales in your area? Call me for a confidential interview today! Chuck Rifae Serving all of your Ashburn, Leesburg, Mclean and Loudoun County area Real Estate needs! … [Read more...]

Is the New HAFA Short Sale Program good for you?

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Is the new Home Affordable Foreclosure Alternatives Program (HAFA) good for you? If the thought of foreclosure or Short Sale has ever crossed your mind then you will want to know more about the new HAFA program rules. Let’s start with a quick definition of a Short Sale. In brief, a Short Sale is when the lender allows the borrower to sell their home for less then is owed by the lender. It is very important to note that some lenders forgive the balances owed while others require some sort of … [Read more...]

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