northern virginia foreclosures: Buying a "Pig in a Poke" in Northern Virginia - 11/04/09 03:45 PM
On the surface everything about this home looked good. Granite counters, stainless steel appliances, beautiful bathrooms, large lot, great price. What's not to love? Turns out this little gem was in reality a "pig in a poke." A check of the Fairfax County Building Permit site found permits issued and all of … (4 comments)
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northern virginia foreclosures: Prince William County Foreclosures- Lake Ridge Properties Are Still HOT! - 11/03/08 03:28 PM
The details of the 700 Billion Dollar "bailout" plan and how it will help the average homeowner in our area is still unknown. However that hasn't kept buyers sitting on the sidelines in Prince William County. Prices in many communities are 50% off of the highs of 2003-2004. Everything from almost … (2 comments)
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northern virginia foreclosures: REO “MYTHCONCEPTIONS” - 10/17/08 03:51 PM
It never fails when you get a group of buyer's together in Northern Virginia the talk turns to REO properties and the rumors that they have heard from their friends. From experience this year working with buyers on REO purchases I've encountered the following "mythconceptions."
Banks will not turn on the … (17 comments)
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northern virginia foreclosures: Everything but the Kitchen Sink-An REO Surprise - 10/03/08 10:22 PM
Just when you think you have seen it all in bank owned properties you can still be surprised. This week while showing a newly listed bank owned condo in Northern Virginia my clients and I had to look twice before uttering the phrase "everything but the kitchen sink" applied to the … (48 comments)
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northern virginia foreclosures: Buying Foreclosures-It Isn’t as Scary As You Might Think - 09/29/08 06:36 PM
Buyers who are considering purchasing a foreclosure property in Northern Virginia are often led to believe that the process is a complete nightmare. In reality the process has a number of the same steps as buying any other property in the area. The biggest difference is the bank addendums and your … (2 comments)
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northern virginia foreclosures: The Mailman Knows Where the Next Foreclosure Will Be - 08/25/08 08:43 PM
Think about it for a second. If you want to know who is having trouble paying their mortgage the mailman may be the person to ask. The mailman is the one that is delivering the overdue notices and demand letters from the lenders to the house. It seems they should be … (21 comments)
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northern virginia foreclosures: Meteoric Fall in Prices Leads to Scorching Summer Sales - 08/14/08 08:05 AM
Scientist around the world are studying the phenomena of global warming and wondering why the temperature around the world is rising. Perhaps they should take a look at the meteoric fall of prices in Prince William County leaving the county the hottest real estate market in Northern Virginia.
Even though the … (7 comments)
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northern virginia foreclosures: Words of Encouragement for New Bloggers - 08/06/08 12:53 PM
Most of us need to occasional hear or in the case of blogging read that the efforts that we put into our blogs will lead to connections with consumers, community leaders and other local authorities.
Whenever a new blogger post on Active Rain it is always great to see the number … (86 comments)
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northern virginia foreclosures: Where Does All the Money Go? - 08/06/08 10:23 AM
Touring foreclosure properties can bring up a lot of emotions. Sometimes seeing what a family leaves behind can be sad and other times seeing the condition of a home can make you angry.
Yesterday while showing Northern Virginia foreclosures we caught a glimpse of where thousands of dollars can go instead of toward … (10 comments)
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northern virginia foreclosures: Do You Disclose Mold in Your MLS Description? - 08/04/08 07:27 AM
This might be considered a rant by some but it could also be a serious issue for agents who are listing homes with “environmental hazards.” Last night was a miserable night for me with a severe headache and coughing. Today the symptoms include a runny nose and sneezing. But even … (21 comments)
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northern virginia foreclosures: Good Buy Foreclosures in Prince William County (Bristow Edition) - 07/25/08 12:57 PM
Early this week we published an update on foreclosure good buys in the Woodbridge area of Prince William County. Today we are going to take a look at newer homes in the Bristow area of Prince William County. Just as before these are all homes that were built from 2004 … (0 comments)
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northern virginia foreclosures: Make Showing Foreclosures Fun - 07/24/08 07:30 AM
Delirious, yes that might be the word to use. In the early morning when sleep eludes you, the mind begins to spin. Did Americans really land on the moon or was it all a Hollywood hoax? Are all of the houses with foreclosures signs in front of them real or … (14 comments)
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northern virginia foreclosures: How 7% of Mortgages Toppled the Market - 07/15/08 08:30 AM
As the issues with the subprime mortage mess continue to unravel at large and small companies across the US it is interesting to take a look at the numbers. When we look back at the amount and types of loans made we see a simple fact. That only 7% of the loans that were financed … (15 comments)
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northern virginia foreclosures: Should Your Clients Play Burglar for You? - 07/12/08 04:58 PM
A while ago I penned a post Should I add Burglar to my Business Card after a round of issues with gaining access to a property. Today I discovered that other agents have their clients do the dirty work for them.
Early in the afternoon my clients and I attempted to … (16 comments)
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northern virginia foreclosures: What Happens When Banks Get into the Real Estate Business? - 07/02/08 12:25 PM
A few years ago Realtors® were up in arms about the thought that banks might get into the real estate business. Letters were fired off, hearings were held and the NAR spent thousands to make sure that banks stayed at arms length from the real estate transaction.
Fast forward to today … (59 comments)
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northern virginia foreclosures: Whatever You Do Don't Open That Door - 06/11/08 07:05 AM
....to the fridge that is. No matter how many times I give out the warning to buyers as we walk in the door of a foreclosure property it happens. It is a habit that just can't be broken.
Obviously knowing what condition that appliances are in when you are thinking about … (18 comments)
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northern virginia foreclosures: Condo Special Assessments-A New Problem in Today’s Market - 06/10/08 08:26 PM
When most people think of special assessments for condo owners they think major common area improvements. In the Northern Virginia area condo owners often see them when it is time to repair the balconies, upgrade the amenities or redo the lobbies but in today's real estate market we also see special … (13 comments)
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northern virginia foreclosures: Another Get Rich Quick Scheme Hits the Airwaves - 06/01/08 02:55 PM
That's right you saw it here first. This morning in one of those can't sleep moments I turned on the TV and the latest infomercial on how to make a fortunate buying foreclosures was running. It was one of the many that the unsuspecting public hears everyday. The premise in all of … (10 comments)
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northern virginia foreclosures: Foreclosure Negotiations-A Game of Pong Anyone? - 05/20/08 08:06 PM
Long before there was the Wii, Xbox 360 or PlayStation there was the Atari. One of the most popular games on Atari when it first came out was the rousing game of Pong. You could go fast or slow but certainly not anywhere near the speed of today's video games. Technology … (10 comments)
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northern virginia foreclosures: Buy This Prince William County Home for 50% Off - 05/15/08 07:56 AM
Yesterday touring potential bargains in the Lake Ridge area of Prince William County turned up a "half price" home. The property I found sold for $1,375,000 in April 2006. Today it is on the market for $763,900 almost 50% less than the original sales price. The current tax value on the home hovers close … (13 comments)
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