Archive for 'Mortgages'
Short Sales in Northern Virginia are Being Encouraged by the Fed
A short time ago when anyone heard the words “Short Sale”, they cringed in disgust. The reason for this awful taste in Realtor’s® mouths was the uncertainty of a short sale. Banks were taking as long as 8 months to get back to the agent and buyer. More often than not, hearts were being broken [...]
Full StoryHelp Needed for Home Owners Underwater in Northern VA
As you heard me say in my last post that a large majority owe more than what their home is worth, articles are coming out left and right with the same information. I may have the right to call myself an expert, but I won’t touch that. I guess I call it as I see [...]
Full StoryLoan Modification Plan Falls Short
Imagine this, Alexander Ovechkin of the Washington Capitals playing against Tiger Woods in the Masters. Ovechkin, arguably the best player in his sport of hockey and Tiger Woods who is well on his way to being named the best golfer of all time. Ovechkin may play golf in his free time, but he not even [...]
Full StoryAvoid Foreclosure in Northern Virginia
There are many troubled borrowers out there that have no idea where to turn to for help. ARM’s(adjustable rate mortgages) are resetting and mortgage payments are increasing as much as $1,500 a month. That’s a whole other mortgage payment for some! For those of you that are in this predicament, do not panic. There is [...]
Full StoryHomebuyer Tax Credit Surprising Facts
Time is running out for those that want to take advantage of the first-time homebuyer tax credit. Most of you buyer’s out there just know that there’s $8,000 involved. Well here is the fine print that you may not seen. Not saying that the credit isn’t good, just giving you the “other” info that no [...]
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