ARCHIVED BLOG POSTS
2009
Braemar Property Values for September-October 2009 have just been calculated for the Carriage Series homes. What's a Carriage Series home? That's easy. These are single family homes with detached garages. (Of course, not all Carriage home have a garage. Some homes chose to have only asphalt ...
11/14/2009
Short Sale buyers agents know they are in trouble when the short sale listing agent calls with this one: "The second trust is demanding that there be no closing cost assistance to the buyers and that the commissions be lowered." This was a gem that a co-worker of mine brought to me, looking for a...
11/12/2009
Northern Virginia Short Sale Sellers: Are You Financially Insolvent? What does it mean to be Financially Insolvent? YOUR INCOME AND ASSETS ARE NOT ENOUGH TO MEET YOUR FINANCIAL OBLIGATIONS. It does NOT mean: That you have money in savings to tide you over, but don't WANT to use it. That you have...
11/12/2009
Braemar Proerty Values for September-October 2009 have just been tabulated for the Arista Series. The Arista Series consists of the large, single family homes built by Brookfield Homes and will be one of three models: Allister, Buckingham or Canterbury. If you have one of these models, this B...
11/12/2009
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Comments
Northern Virginia Cash-Out Refi's May Not Be Eligible for Mortgage Debt Relied in a Short Sale. If you are a short sale seller that has taken cash out in a refi, you need to consult a tax professional immediately. If your short sale is approved and your mortgage holder sends a 1099 to the IRS, ...
11/10/2009
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As a Northern Virginia short sale listing agent, I meet many sellers who really seem confused on what happens in a loan modification. There seems to be a general misconception that loan modification means a portion of your principal loan balance will be forgiven and reflect more of the market va...
11/09/2009
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I don't envy anyone who has to sell their home. Keeping the home in a state of cleanliness and organization alone would really have me at my wit's end. The idea of strangers tromping through my home would also bother me. So when I meet with seller's who are about to list their home, I do my be...
11/08/2009
Braemar Townhouses continued to be in demand as we started the Fall selling season in September 2009. Overall, between the months of September and October, there were 5 Braemar townhouse resales, which I divided into two categories: Garage Townhouses and Townhouses with No Garage. When compari...
11/08/2009
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Chris Ann Cleland
Associate Broker, Bristow, VA