Tag Archives: Foreclosures
Subprime Loans Mostly with Minorities
Everyone has their own theories about the subprime mortgage debacle and more recently an in depth look with the CNBC special “House of Cards.” Some of the borrowers knew what they were getting into by lying about their income to afford a home. Others however, did not know what lenders were steering them towards. Unfortunately, [...]
Full StoryShort Sales in Northern Virginia
We’re starting to see a lot more short sales in Northern Virginia, but it’s really more than that. You will also notice short sales in Northern Virginia as a whole. This includes short sales in Maryland and Washington DC as well.For those buyers out there, every time you hear that a home [...]
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 StoryTips to Buying a Foreclosure
By now you’ve probably heard here and there that someone you know has purchased a foreclosure at a great price. As we come to a close of 2009, there isn’t much inventory to choose from like there was 6 months ago. The first-time homebuyer tax credit has been extended and there are more buyers searching [...]
Full StorySome “Off-Season” Home Buying Tips
As you may have heard throughout the years that the winter months are the “Off-Season” months to purchase a home. Well this past year has been a little different with all the foreclosure activity in Northern Virginia. You’ve probably been reading articles, blogs, and forums that all scream that “now is the time to buy.” [...]
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