Everything You Wanted To Know About Real Estate
Got a Bank of America loan and trying to successfully complete a Short Sale? Well buckle up and read on, you have just found the right website! It has been my experience that Bank of America is one of the toughest lenders to work with in completing short sales. Here is what you need to know to successfully close a Bank of America Short Sale: The Paper Trail: Customers and Realtors I know describe working with BOA with words I cannot put on this blog without putting an … [Read more...]
In the governments never ending odyssey to put an end to the current housing crisis FHA has put in some new guidelines to the FHA Streamline FHA process in hopes of helping homeowners refi into today’s lower rates. As with all the alphabet soup programs out there this program sounds great on paper but will it work? Here is a quick snapshot of what this program does and doesn't do: Does: If your loan is a FHA backed loan you can refi at today's low rates. Look to see if your mortgage is … [Read more...]
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...]
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...]
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...]
Chuck Rifae Associate Broker PenFed Realty Group 571-207-6390 Entrepreneur, Real Estate Broker, Avid runner, and soccer dad! Check out my about.me profile!
