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foreclosures virginia: SHORT SALES in Maryland and Virginia. FORECLOSURES, BANK OWNED, REO?? WHAT ARE THE BUZZ WORDS? TRANSPARENCY? CONSUMER'S RIGHT TO KNOW? NONSENSE! - 02/09/08 01:19 PM
Short Sales in Maryland and Northern Virginia are not the "bargain basement" buys that many home buyers and even investors expect.  
Short Sales, Foreclosures, Bank Owned homes, REO, all the new Buzz Words for consumers.  But, do the public really understand how they work and how to capitalize in this market?   So far, in Maryland and Virginia, the public is expecting a lot more than the banks are ready to deliver. 
                                       *  *  *  *  DANGER!  HARD CORE REAL ESTATE TALK  * * * *
A LITTLE BIT OF KNOWLEDGE CAN BE DANGEROUS to THE CONSUMER'S FINANCIAL HEALTH. 
EXAMPLE #1:
Today, about an hour ago, I received … (42 comments)

foreclosures virginia: THINK SHORT SALES ARE A TOUGH MARKET? MORE RAIN COULD BE COMING. ACTIVE RAIN FOLKS, GET READY. We could be selling half finished homes "flapping in the wind". - 01/28/08 07:39 PM
It's Deja vu all over again. 
SHORT SALES ARE TOUGH, BUT IT COULD BE TOUGHER.  Reading posts about short sales today brings back memories.  Some of us can remember the Savings & Loan disaster and the creation of the RTC back in the early 1990s.  They weren't short sales but foreclosures were on every corner.  We listed and sold properties for banks, mortgage companies, FDIC, Fannie Mae, Freddie Mac and many investors. 
WHAT HAPPENS IF BUILDERS CAN GET CONSTRUCTION FINANCING?  If the market continues on the present track, following the million or so home owner foreclosures or short sales, we just could have … (20 comments)

foreclosures virginia: SHORT SALES: THE APPROVED, THE POSSIBLE AND THE WISHING WELL - 11/19/07 01:20 PM
HOW MANY ARE SHORT SALE OPPORTUNITY AND HOW MANY ARE LISTING OPPORTUNITIES?
                              ***      WARNING:  HARD CORE REAL ESTATE INFORMATION     ***SHORT SALE ACTIVITY IS OFTEN UNCHARTED TERRITORY FOR MANY AGENTS AND BROKERS.We recently spent about 6 hours researching short sales in the MD/VA area to prepare a training class for our agents who are faced with more and more listings containing the word "short sale".  Agents who are advertising for and offering to list short sales often have never closed a short sale contract.  "SHORT SALE" has become "short hand" for the description of a house that an owner needs to sell, has … (86 comments)

foreclosures virginia: MARYLAND AND VIRGINIA REAL ESTATE, INVESTOR CALLS INCREASING - 10/13/07 11:17 AM
Prices are down about 5-10% in our market.  A few pockets are showing price increases, but on very reduced number of sales.  A market with a 2.5% increase in prices year to year, but with only 75% of the number of sales, is not necessarily a healthy market. 
The national and local news reports about foreclosures in Maryland and Virginia are encouraging investor buyers back into the market.  These homes need to sell and investors are usually the buyers with cash to make repairs and get the homes back on the market for home owner occupant buyers.  Home owner occupants can benefit greatly by … (2 comments)

foreclosures virginia: FORECLOSURES IN STERLING VIRGINIA - BANK OWNED SINGLE FAMILY HOMES - 09/22/07 06:20 PM
ABOUT 46 DETACHED SINGLE FAMILY HOMES in STERLING THAT HAVE BEEN FORECLOSED, ARE BANK OWNED AND ARE LISTED FOR SALE.Market report for properties that have been through the foreclosure process and are bank owned.  The report below reflects existing detached single family homes in Sterling, Virginia in Loudoun County available for sale.  Non-contingent sales are the only offers accepted and all homes are sold "as is".  Buyers may have a home inspection for their own information and banks may negotiate the price based on condition.  There are about 387 detached single family homes listed for sale in Sterling, Virginia.  Of this … (0 comments)

 


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