Short Sales Leesburg


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Why Buy Title Insurance When Buying Your Next Home

October 7, 2010 By Chuck 2 Comments

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...]

Filed Under: Road to Recovery Tagged With: ashburn properties, ashburn real estate, home sales in loudoun, Leesburg Real Estate, real estate agent loudoun county, Short Sales Leesburg

FHA Refinance of Borrowers in Negative Equity Positions

August 17, 2010 By Chuck Leave a Comment

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: Ashburn Belmont Country Club real estate, ashburn properties, home sales in loudoun, Leesburg Real Estate, real estate loudoun county, Short Sales Leesburg

Why Are Home Loan Modifications a Joke?

May 23, 2010 By Chuck 2 Comments

Home loan modifications are a joke in your town! As a licensed Real Estate Broker working in the Northern Va area I have spent a good deal of time over the last 4 years working with distressed homeowners. Over and over again, I hear the same horror stories from homeowners who are stuck between a rock and a hard place because of their lenders incompetence. Here is the autonomy of a failed home loan modification: You fall behind 30 days, your lender or servicing company contacts you and tells … [Read more...]

Filed Under: CDPE- Short Sale Info Tagged With: ashburn properties, ashburn real estate, CDPE, home sales in loudoun, real estate leesburg, Short Sales Leesburg

Is the New HAFA Short Sale Program good for you?

April 5, 2010 By Chuck 1 Comment

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...]