FHA Refinance of Borrowers in Negative Equity Positions

August 17, 2010 By Leave a Comment
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Here it is at last, your chance to refinance your underwater mortgage. The long-awaited FHA rules that will allow homeowners that are underwater to refinance their homes. If your house is underwater and your interest rate is above 6 percent, you should definitely consider this refinance opportunity when it becomes available. Even if you have a good interest rate, the write-down of your first and/or second mortgage may make this deal worth considering. You must be current on your mortgage … [Read more...]

Filed Under: CDPE- Short Sale Info Tagged With: , , , , ,

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

July 21, 2010 By 1 Comment
foreclosures

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...]

Filed Under: CDPE- Short Sale Info Tagged With: , , , , , ,

Is Your New Home a Lemon?

June 27, 2010 By Leave a Comment
Toilet-Shaped-House-by-Sim-Jae-duck

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...]

Filed Under: Rants Tagged With: , , , , ,

Do You Know Your Neighborhoods Walk-Ability Score?

June 4, 2010 By Leave a Comment
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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...]

Filed Under: Neighborhood Spotlight Tagged With: , , , , ,

Red Cedar a Pulte Home Community; Neighborhood Spotlight Leesburg Va

May 14, 2010 By 1 Comment

It is very rare that I can honestly say that one neighborhood has  a little something for everyone. Looking for an upscale Townhouse, check; how’s about a nice neo-traditional single family home with lots of house and not much yard, check; a house with a decent yard maybe? Check and double check! You can have a yard from a quarter acre to 8-10 acres (currently there is a 34 acre site on sale). What about price? Red Cedar has homes starting in the $400,000’s and going up to the $2 million … [Read more...]

Filed Under: Red Cedar a Pulte Home Community; Neighborhood Spotlight Leesburg Va Tagged With: , , ,
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