MORTGAGE FRAUD STORY - SHORT BUT INTERESTING - 04/24/08 03:43 PM
As some of you know, I work at a law office as a Paralegal/bankruptcy assistant and today was interesting.  Potential client came in for a consultation.  (By the way, my clients gave me permission to share this with everyone in this blog and encourage others not to be as naïve as they were). 
Here is the scenario:
Clients Bought Single Family Home in late 2005 for $650,000.00. 
Put 20% down = $130,000.00
Refinance in early 2006 (3 months later) for $680,000.00 to pay back the Realtor who gave them $130,000.00 cash to put in their account sixty days before buying the home  (to … (27 comments)

HOW MANY AGENTS CALL EXPIRED LISTINGS? Curious to know who does this? - 04/24/08 12:00 PM
I had a listing expire on Sunday at 2:00 a.m. and I had it back on by Monday 10:00 a.m. as my listing extending the date was returned to me by my clients on Monday at 9:30 a.m.  During this time that the listing was expired, which was mostly while we are or should be sleeping, 1 Broker and 2 Agents had already contacted my Sellers and attempted to explain how they are a better Agent than me to my sellers.  The Broker told my clients that she sold 30 homes last year.  If she did, they were not on the … (26 comments)

Deliberate Foreclosure or Lack of Competence During Short Sale Process???? - 04/01/08 10:25 PM
I know I can't win them all, but I try my best to achieve that.
Here is the scenario:
 
Property:                      Single Family Home Purchased in 2003.  Never made payments late till November 2007
                                    About 3000 sq. ft. Nice lot, house needs a little cosmetic but mainly a good cleaning. 
 Behind on Mortgage:    Reason is family member (child) w/cancer (provided  medical bills as part of financial hardship package)
 Mortgage:                     $540,000.00
Mortgage Company calls my client stating "we are here to help you in your hard time" 
 Short Sale Attempt:      $379,000.00
 Offer 1:                        $310,000.00 rejected
Offer 2:                        $349,000.00 … (19 comments)

 
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Stella Barbour - Principal Broker Serving Virginia and Maryland

Vienna, VA

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NoVa Brokers LLC

Address: 1483 Chain Bridge Road, Suite 103, McLean, VA, 22101

Office Phone: (571) 814-3002

Cell Phone: (703) 999-6104

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