Central Virginia Real Estate Blog and Info

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Real Estate Agent - RE/MAX Realty Specialists - 0225174919
A comprehensive blog about Charlottesville Real Estate including articles on short sales, foreclosures, market updates, news, resources and more presented by Rob Alley of RE/MAX Realty Specialists.



Part III: Dealing with Challenges Typically, a person with a low credit score is in this position because they lack structure in his or her life. There are, of course, cases where unplanned health or employment complications are to blame, but for the most part, these are individuals who lack the ...
Part II: The Five Factors of Credit Scoring There are five factors that comprise the credit score. They are listed below in order of importance, just as an underwriter would look at the score:   · Payment History: 35% impact. Paying debt on time and in full has a positive impact. Late payments, j...
As mentioned in a previous blog, I have completed the first video walkthrough tour of one of our listings. The video represents 19408 Lovers Lane listed for sale in Gordonsville, VA. I have noticed a couple of things that I need to get right. A few rooms I moved too fast in, and maybe in the futu...
Credit Scoring Part I: Good Credit Translates into Lower Rates for the Consumer   In the 1960s, Fair Isaac Corporation started working on a system lenders could use to evaluate the likelihood of receiving repayment on loans. Prior to that, it was really a matter of trusting an individual to be a ...
With the addition of a Sony Full HD 1920x1080i Handycam to the Avery Group, we will start doing video walkthroughs of homes.  This should be a serious step up from the old fashioned Virtual Tours.  Especially since Virtual Tours are, more often than not, glorified slideshows.  This should give mo...
Myself and my group (the Avery Group) have been working short sales for a while now. We have successfully closed 5 short sales this year, have two more under contract, and have three more being listed. Most of them have been in Albemarle County. Despite what people think, or because they can only...
Not too long ago, we took a listing for a woman, for confidentiality we will call her "A". She had a home in the city of Charlottesville and was falling behind on her payments. We took her listing and proceeded with a short sale. Come to find out, her loan was for $90,000 more than the market val...
A Lender's Views on the Short Sale, Foreclosure, and Mortgage Crisis September 9th, 2008 3:46 PM I was speaking with a mortgage loan officer today about the short sale, foreclosure, and mortgage "crisis" and his point of view was so interesting, I got him to put it in writing so I could share it....

Rob Alley

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