reo bank owned wild west: A Look Back at Real Estate in Northern Virginia in 2009
- 01/19/10 05:46 AM
From my personal experience, all I can say is that from April until December this market has seemed to me like the Wild West! Because of the First Time Home Buyer’s $8,000 tax credit, combined with historically low interest rates and home prices way down, there have been many more new people becoming first time home buyers. However, dealing with the different situations of buying bank owned homes or short sales, changing rules for appraisers for Conventional loans(HVCC), have brought quite a few interesting and at times, very stressful (but exciting!) situations
Now, the tax credit has been extended to … (0 comments)
From my personal experience, all I can say is that from April until December this market has seemed to me like the Wild West! Because of the First Time Home Buyer’s $8,000 tax credit, combined with historically low interest rates and home prices way down, there have been many more new people becoming first time home buyers. However, dealing with the different situations of buying bank owned homes or short sales, changing rules for appraisers for Conventional loans(HVCC), have brought quite a few interesting and at times, very stressful (but exciting!) situations
;)
;)
