Although I live in Loudoun County, Virginia, the riches county in the country, according to Forbes recent article, "America's 25 Richest Counties," many folks are feeling desperate when they can't pay their mortgage or sale their home without being upside down. The Washington Post, "Sometimes losing your Home is just the beginning of the pain" is a great article and something each homeowner should read before considering to sell their home as a short sale. Did you purchase or refinance at the top of the market in Loudoun County?
New HAFA Short Sale Guidlines are here! Thank goodness the U.S.Treasury is now focusing some attention on making short sales shorter. The months of waiting for short sale approvals have homeowners, Realtors, and Buyers at their wits end. 90% fo short sales do not get to close simply because of the waiting game and buyers become frustrated and walk away! Lenders are too overloaded to keep up with requests and do not have their systems in place to handle all the requests and calls. A five- six month wait is the norm and is totally UNACCEPTABLE. Hopefully the new program, "Home Affordable Foreclosure Alternative Program" or "HAFA" should help.
Call me for a confidential, no obligation consultation to see if a Short Sale can work for you. Email me at Tanya.Spotts@LNF.com or call 703-618-1218. Get your listingbook account today! Search straight from the multiple Listing Service and search like I do. Click on my widget on the right side of this site. Feel free to use my Listingbook site to search for home, keep informed as to which homes in your neighborhood are under contract, and those which have sold. Listingbook provides complete, up-to-date real estate information, straight from the Multiple Listing Service (MLS). Search like an agent and make an informed decision when you know it all.
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Quite a lot of good information here... We all need to keep putting it out there for Homeowners to read...I just don't think the news is doing a good enough job keeping the public informed on this subject...
I remember Loudoun County from a different perspective. In the late 1980's, my creative services were engaged by the County to create a series of striking images to advertise the possibilities of the future and growth of the Loudon County.
I watched the County growth take off in more ways than one and the landscape was transformed dramatically around the hub of Dulles Airport and the tons of companies which took root in the area. It is amazing to see such as radical change in such a short time now created by the new landscape of real estate.
Loundoun County is one of the richest all right. . but they still have lost of foreclosures and short sales.. .I done a few of them already
Home is a place to return to, a place where no matter how much suffering outside, no matter how far we go, we will be waiting for us. Losing my home, losing everything, losing you is like losing half of my soul.
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