"I want to buy a foreclosure" - 09/27/07 08:06 PM
"I'm interested in foreclosures" is something I often hear from clients, but few people really understand the process, and specifically what it means to buy a foreclosed property. It's not for the faint of heart. Though you can occasionally find a bargain, there are unique risks involved with buying a foreclosed or bank-owned property. First, let's clarify some definitions.It's possible that someone can be "upside down" on their mortgage (that is, they owe more on the mortgage than the property is worth) and antsy for a quick sale before it gets worse. In this situation, the seller is said to be … (0 comments)

1BR + Den/Sunroom in Heart of Ballston - Priced Below Tax Assessment! - 09/08/07 04:08 PM
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Yes, the Market is Down 7% AND Up 1% - 09/08/07 03:51 PM
Hooray - an article from the Post that is SO useful in interpreting the doomsday real estate stats--and also the overly optimistic ones--that we read about. It dives into detail on the methodology of two housing reports released two days apart: one from OFHEO that claims a 1.2% price increase for the year, and another from S&P claiming a 7% drop.The headlines might as well read: Lies, Damn Lies, and Statistics. The moral of the story being that anyone who understands anything about data can twist it to say just about anything they want (as an ex-consultant, I know this applies … (0 comments)

 
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Katie Wethman, CPA, MBA, REALTOR® - Northern Virginia & DC Real Estate

Falls Church, VA

More about me…

Keller Williams

Address: 6820 Elm Street, Suite 100, McLean, VA, 22101

Office Phone: (703) 636-7300

Cell Phone: (703) 655-7672

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A forum for comments, Q&A, and discussion about the greater Washington, DC, real estate market. Learn more about me at www.katiewethman.com


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