Tag Archives: Falls Church VA
Avoid 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 StoryTop 10 Smartest Cities to Buy a Home
Everyone wants to obtain the American Dream by starting a family and owing a home. Of course, you have to take into consideration the spread between what you would spend on renting a place and what you would pay for a mortgage. The premium to buy is much lower than the 15 year average in [...]
Full StoryFHA Waives 90 Day Flipping Rule
HUD Secretary Shaun Donovan announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. In an effort to speed the resale of foreclosed properties to new owners, HUD has decided to waive the 90 day flipping rule. They are hoping that this will bring [...]
Full StoryForeclosures: Not for the Faint Heart
I’ll be completely honest with you. Foreclosures aren’t always the best deal in town. They often are not in move-in condition and the bank addendum is very scary for first-time homebuyers. You are purchasing the home in “as-is” condition so the bank has to cover themselves from you coming after them if someone is wrong [...]
Full Story2009 Profile for Buyers and Sellers
NAR recently released the 2009 profile for buyers and sellers. The results were compiled from over 9,000 surveys from people who purchased a home between June 2008 to July 2009. Below you will find some of the highlights from the report.
47% of all buyers were first time buyers.
62% of first time buyers reported [...]
