Archive for the 'Short Sales & Foreclosures' Category
DC’s Foreclosure Comparison
Foreclosures are everywhere. Not just low income areas. From the smallest of homes to mansions, foreclosures have no preference.
How does the Northern VA market compare to other metro areas in the United States? Are we the only area struggling to move past this?
Here are the stats comparing us with other large metro areas in the...
3 Reasons You Should NEVER CONSIDER A Short Sale
I had a stroke of metaphorical brilliance this morning while speaking with a client.
The more I deal with and learn about short sales the more I see them as the worst thing that has ever hit the real estate market. The problem is that clients are easily allured by them...
4 Terms You Must Know As A Buyer
I attended an investor meeting around a year ago in the area. People were going around the room and talking about transactions that they were working on at the time. A guy spoke up to mention that he was working on a "short sale" transaction. The leader of the meeting interrupted him to take a...
Avoiding Foreclosure
If you are on the verge of loosing your home to foreclosure or defaulting on your loan, there is help.
You can contact PROJECT HOPE. A voluntary alliance of major lenders who have agreed to assist qualified homeowners who are on the verge of default do to adjustable rate mortgages...
Someone At The Bank Is Losing It…
I don't claim to understand all of the process that a bank goes through when foreclosing on a home.
Here is what I do understand...
A lot of them gave out loans that they shouldn't have, to a bunch of people that shouldn't have been able to get them. Fine. We all...
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