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Good or Bad NEWS - Property Assessments - 03/19/07 09:25 PM
When I received my tax bill I was not surprised that my primary resident assessment dropped significantly. My husband looked up to me and asked whether its a good news or bad news. With a pause I can understand its great news if you are not planning to sell your home but not exciting news if you are planning to sell. According to Washington Post in Loudoun County, the average assessed value of a single-family home dropped 7.1 percent. Preliminary estimates show a 4 percent drop in Prince William County. Arlington County housing values are down eight-tenths of a
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Subprime Mortgages-What it means for you - 03/19/07 09:22 PM
We have heard various bubbles burst for past decade from stock, oil to real estate. Now the buzz word is lending industry and its mortgages. Banks and mortgage companies would sharply scale back lending to two groups: subprime and "Alt-A" borrowers. Consumers with low income and/or spotty credit histories are considered subprime borrowers, while Alt-A borrowers are typically those who fall short of being prime because they lack adequate income documentation. Fannie Mae and Freddie Mac are issuing new loan guidelines. They are moving away from 100% financing, and limited income documentation loans, and high loan to value investment loans. So many of
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Ritu Desai-Northern Virginia Realtor Fairfax/Loudoun/PW-703-625-4949
Ashburn,
VA
More about me
Samson Properties
Address: 14526 Lee Road, Suite 100, Chantilly, VA, 20151
Office Phone: (703) 625-4949
Cell Phone: (703) 625-4949
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