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Mortgage Rates Take a Dive - But Will More Buyers Take Advantage? - 05/25/10 01:31 PM
Here is some mortgage rate news that is catching a lot of people by surprise – mortgage rates have dropped below the 5 percent level. Now the mortgage companies, and the entire real estate industry, are waiting to see if these historically low mortgage rates will convert into more people buying homes and refinancing their existing mortgages. The Wall Street Journal is reporting that the low mortgage rates are happening as a result of the financial trouble that is unfolding in Europe. As the European financial markets continue to become more unstable, international investors are pushing their money into the U.S.
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FHA Short Sale Approved – Pre-Foreclosure Sale Approved by JP Morgan Chase in Sterling, VA (Loudoun County) - 05/13/10 11:26 AM
Homeowner owes more than his home is worth, and since it is an FHA loan, this short sale took a little longer than others to get approved. This homewoner needed to avoid foreclosure on his home on Colonial Avenue in Sterling, VA. Chase has agreed to do a short sale with proceeds paid out to HUD, but with stipulations you can read below. One very positive highlight is, they’ve agreed to pay an incentive to the homeowner for closing the deal quickly – $1,000 at closing payable to the seller. The letter can be hard to read, so if you have
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Jennifer Young
Chantilly,
VA
More about me
Keller Williams Realty
Address: 14155 Newbrook Drive #100, Chantilly, VA, 20151
Office Phone: (703) 674-1777
Cell Phone: (703) 400-6757
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