Secrets To Buying A Short Sale

February 20, 2011 By Leave a Comment
real-estate-business

With 1 in 3 homes being sold as a distressed property understanding how theses distressed properties are sold and marketed will put you head and shoulders above the pack. After all, what red blooded American doesn't love a GREAT DEAL! In this blog, I have covered 5 quick ways to help ensure your success in buying a Short Sale in the Northern Va Real Estate market. Know your market: It’s really easy to buy into the hype that all short sales are being given away. Actually Short Sales are … [Read more...]

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2010 End of Year Real Estate Trends

December 22, 2010 By Leave a Comment
forsalephoto

GOOOOOD BYE 2010! And what A year it has been for Northern VA Real Estate! Rather then feed you a bunch of raw data and let you figure out what it all the means or worse yet just give you a bunch antidotal examples of where Real Estate was and is heading. I thought I would share 4 local Real Estate trends with the corresponding data that I “think” speaks to what happened in our local Real Estate market in 2010 and where I believe Real Estate will be in 2011. One quick item before you dive … [Read more...]

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5 Things You Must Know Before You Get A Reverse Mortgage!

October 22, 2010 By Leave a Comment
free-money

In early 2000 I started hearing stories about this great loan program that allows you to borrow your homes equity without ever having to pay back the money you borrowed. Sounds too good to be true… yep it didn’t pass my smell test either. The program is called a Reverse Mortgage and lenders are lining up spokesmen by the dozen to sell it. Before you run out and start calling your a lender for one of these loans here are 5 things you should consider first: 1. Compound Interest: Have you … [Read more...]

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Why Buy Title Insurance When Buying Your Next Home

October 7, 2010 By 2 Comments
Questions-4Web

Did you buy your last home without Title Insurance? Many homeowners think to themselves, “great another junk fee” when faced with the line item for Title Insurance at closing. After all, Title insurance can sometimes add several hundred or even thousand dollars to the bottom-line of a settlement. My clients almost without exception ask me at closing if they should buy this sometimes expense policy. After all, what are the chances that an American Indian tribe, or a long lost relative, or … [Read more...]

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FHA Refinance of Borrowers in Negative Equity Positions

August 17, 2010 By Leave a Comment
American-Gothic-House-Underwater-31269

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...]

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