the wallace mcgrath team: REO Timelines - Why Are They So Long? - 02/26/08 06:16 PM
I hear a lot of horror stories about Foreclosures & REO's and the time it takes to get answers to offers and to get a contract Ratified. Days to get an answer. Weeks even. A month to get Ratified. All sorts of things. I do a fair amount of REO's, and I … (5 comments)
the wallace mcgrath team: Zillow - And A Story Of Great Customer Service - 12/31/07 04:13 PM
ZILLOW. There are lots of stories, rumors, whatever. But this story is all fact. I recently started posting my listings on ZILLOW. Due to the intricacies of computers, the Internets, The Google and maybe even the space time continuum, whatever, there was a small snag. I won't even go into the details; … (14 comments)
the wallace mcgrath team: Blogging - How Do You Keep Up When You Have More Than One Blog? - 12/28/07 12:21 PM
I am somewhat new to Active Rain, and I am somewhat addicted. Ok - I am all the way addicted. I have learned a lot about marketing on the web, blogging, SEO, and all sorts of stuff. As I look around to see what others are doing, I am amazed at the … (14 comments)
the wallace mcgrath team: Prepayment Penalties - Are They Fair? - 12/19/07 10:17 AM
Prepayment penalties - all part of the mix in the current "mortgage crisis". Should they be allowed? Are they fair? I wonder if there is a correlation between credit scores and prepayment penalties? If I go to a big name lender with a 700+ credit score, and this lender tries to slip … (14 comments)
the wallace mcgrath team: To Price Or Not To Price - How Do You Do Your Print Ads? - 12/18/07 05:39 PM
I know, I know, print is dead. But for the sake of this blog, lets assume that it is not. I mean, it can't be completely dead; I still see the real estate magazines in stores, and I still see ads in the papers every week. So, when you run an … (11 comments)
the wallace mcgrath team: DO NOT BUY THIS HOUSE ! - 12/11/07 05:38 PM
Ok - I'm just kidding. Go ahead and buy it. It really is pretty nice. Located in the Black Walnut Acre neighborhood of Rhoadesville, Virginia, in beautiful Orange County, it has a certain country charm to it. Three bedrooms, a family room with a fireplace, a nice sized master bedroom, a … (4 comments)
the wallace mcgrath team: REO & Vacant Listings And The Power Company - 12/10/07 01:55 PM
Power on. Power off. A transaction that could and should be smooth, but I found out today that that it not always case. Case in point. I have a REO listing, and the power was on. Potential purchaser presented a contract, it was ratified, and all was well. Or so I thought. … (8 comments)
the wallace mcgrath team: Convenient & Affordable - Stafford County Virginia Townhouse - 12/09/07 05:13 PM
There are bank owned homes, and then there are the bank owned homes that are hidden gems. This one is the latter. Great for commuters with it's close proximity to Rt 95 at the Aquia Harbor exit. Three full finished levels, with the bump outs to increase the square footage. A … (3 comments)
the wallace mcgrath team: The Affordable House! Caroline County Virginia - 12/08/07 05:50 PM
Think you can't afford to buy? Well, hold on. Here it is. Only $149,900 ! Yes - it needs a little elbow grease and TLC. Yes, it is a foreclosure. But you can afford to buy. Located in Caroline County Virginia, only minutes from Rt 95, this home is convenient to … (4 comments)
If you are considering relocating to the Fredericksburg, Virginia area, this is one to see. Sit and relax on your spacious screen porch as you overlook the lake on those great summer evenings. And the next morning, it is only a few moments to downtown Fredericksburg to hit your favorite … (2 comments)
All too often, homes that are a bit older are often overlooked. This is the exception. If you have ever heard the term "pride of ownership", you will truly feel that when viewing this property. Situated on 3 wooded acres in Fredericksburg, north of exit 126 (Massaponax) it is only … (1 comments)
the wallace mcgrath team: Classic Colonial For Sale In Sheraton Hills - Fredericksburg Virginia - 12/08/07 03:47 PM
This home, located in Sheraton Hills, has just come back on the market. Less than 5 miles from Central Park and exit 130 at Rt 95, it is convenience at its best. Within walking distance of Salem Elementary School. Drive to UKROPS grocery store without having to venture out onto Rt … (3 comments)
the wallace mcgrath team: Mortgage Bail-Out - I Still Don't Get It - Someone Please Educate Me! - 12/07/07 06:09 PM
I just finished reading a story in today's Washington Post about the mortgage bail-out program, and I still don't get it. I mean, don't get me wrong, I think helping people is good, but I just don't get this program, and I wish someone would explain it to me. So - to … (3 comments)
the wallace mcgrath team: Somebody Please Explain This Mortgage Bailout Thing Cause I Don't Get It - 12/05/07 06:52 PM
So, John Q. Public goes down to Bob's House of Loans, and due to his subterranean credit score, he gets a mortgage with a "teaser rate". Mr. Public closes on his loan and moves into his new home. Man, this payment is great; I'm flush with cash. Meanwhile, back at Bob's … (13 comments)
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I hear a lot of horror stories about Foreclosures & REO's and the time it takes to get answers to offers and to get a contract Ratified. Days to get an answer. Weeks even. A month to get Ratified. All sorts of things.
