FHA Refinance of Borrowers in Negative Equity Positions

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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...]

Red Cedar a Pulte Home Community; Neighborhood Spotlight Leesburg Va

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...]

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...]

Oaklawn in Leesburg a Pulte Community

Oaklawn in Leesburg

The new Oaklawn project is a 165 acre mixed use project that will bring both urban low maintenance town homes and a walkable feel to Leesburg. The project which is very similar the Goose Creek project just a few miles away in Ashburn tries to combine both a residential feel and commercial development to one development. Pulte has several models available currently.  They include the Strafford, Silverbrook, and Tyler. All of the models offer either a one car or two car attached or detached … [Read more...]

Snapshot of Residential Real Estate Sales Around the Northern Va Area

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Here is a quick snap shot of recent residential sales in our local area over all the last 30 days or less. Less than $300,000 $300,000 to $499,999 $500,000 to $699,999 More Than $700,000 Ashburn $200,000 Ashburn Farms 45050 BRAE TER #201 2 bd 2 ba 2 DOM Foreclosure $305,000 Ashburn Farms 20601 Preakness Ct 3 bd 2 ba 18 DOM Traditional Sales $600,000 Ashburn 43874 HIBISCUS DR 6 bd 4.5 ba 86 … [Read more...]

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