fairfax county foreclosures: Another Family Makes a Move-A Few Foreclosure Reminders
- 03/23/09 11:01 AM
The landlord didn't say a word but the notice tacked on the front door said it all. The mortgage wasn't being paid and the bank was giving notice of the pending foreclosure action.It isn't a new a new phenomena, in fact I first wrote about this back in October 2007 when one of my clients experienced the shock of a foreclosure move. Fast forward and the notices are still arriving on door throughout Northern Virginia. Along the way I've learned a few things to try and help my rental clients avoid this mid-lease move or protect their credit rating when the … (9 comments)
fairfax county foreclosures: Buying Foreclosures-It Isn’t as Scary As You Might Think
- 09/29/08 11:36 AM
Buyers who are considering purchasing a foreclosure property in Northern Virginia are often led to believe that the process is a complete nightmare. In reality the process has a number of the same steps as buying any other property in the area. The biggest difference is the bank addendums and your rights regarding inspections.It is okay to have questions, lots of questions, about buying a foreclosure. When you start the process of buying a foreclosure keep a running list of the questions you have. Read an article in the paper and you don't know what it means, write it down. Has … (3 comments)
fairfax county foreclosures: Kudos To Fellow AR Member Stacy Magid for a Terrific Transaction
- 09/19/08 05:42 AM
We read the horror stories everyday on Active Rain about REO agents who don't answer their phones or return emails. Yet fortunately every once in a while we run into an agent who exudes true professionalism and it reminds you of how real estate deals are supposed to go. This morning my buyers and I went to closing on an REO property in West Springfield. When I saw the name of the listing agent on the MLS I thought this is a name I know from Active Rain, Stacy Magid of Coldwell Banker Elite. When I submitted the offer I told … (10 comments)
fairfax county foreclosures: A Party for a Good Cause-Save the Block Party in Fairfax VA
- 09/16/08 11:39 AM
A special non-profit foreclosure workshop, "Save the Block Party" (www.savetheblockparty.org - official event website) will be held Fairfax, VA on Saturday Sept. 20 from 10:00 a.m. to 6:00 p.m. EST. This is a unique event that relieves the stress involved in foreclosure with family fun, wholesome activities, free food and a friendly atmosphere. The event is hosted by the National Community Reinvestment Coalition (http://www.ncrc.org/) and also features participating groups HOPE NOW (www.hopenow.com) and PMI Mortgage Insurance Co. (www.homesafepmi.com). The block party style event will feature family activities, barbecue and a relaxing atmosphere in which homeowners facing foreclosure can meet in-person with … (0 comments)
fairfax county foreclosures: Fix Up Your Foreclosure and Support Habitat for Humanity at the Same Time
- 08/10/08 11:48 AM
Did you just buy a foreclosure in Fairfax or Prince William County? Is your budget a little tight? Then before you head to one of the mega hardware stores stop by the local Habitat for Humanity ReStore and see if you can’t find some of what you need. A stop at the Habitat for Humanity ReStore gives you the chance to do three things at one time. The first is to support the great programs Habitat for Humanity offers to low income families to give them an opportunity to own their own home. The money raised by the ReStores across the US provides … (4 comments)
fairfax county foreclosures: Where Does All the Money Go?
- 08/06/08 03:23 AM
Touring foreclosure properties can bring up a lot of emotions. Sometimes seeing what a family leaves behind can be sad and other times seeing the condition of a home can make you angry. Yesterday while showing Northern Virginia foreclosures we caught a glimpse of where thousands of dollars can go instead of toward the mortgage. Rooms full of discarding magazines. Suitcases full of magazines. Bookshelves full of magazines. With the cost of these magazines averaging about $6.00 a pop it didn't take long to see at least one mortgage payment that had been spent at the local bookstore. Looking at all of the … (10 comments)
fairfax county foreclosures: What Happens When Banks Get into the Real Estate Business?
- 07/02/08 05:25 AM
A few years ago Realtors® were up in arms about the thought that banks might get into the real estate business. Letters were fired off, hearings were held and the NAR spent thousands to make sure that banks stayed at arms length from the real estate transaction. Fast forward to today and across the country, banks and lenders ARE in the real estate business. In fact in some areas of the country there are more bank owned properties listed in the MLS than there are seller owned properties. What makes this so frightening is that the banks and lenders have no … (59 comments)
fairfax county foreclosures: New Fairfax County Foreclosures Listings - Detached Homes
- 05/09/08 01:17 PM
For buyers making their weekend plans there are new foreclosure properties to consider in Fairfax County. There are a total of 126 detached homes "officially" listed as foreclosures in the MLS ranging in price from $189,900 to $4,250,000 and these new properties might be just the new home you are looking for.
If you are considering purchasing a new home in the near future and think a foreclosure might be a good choice for you then give me a call. Buying a foreclosure isn't the same as buying a home directly from a private party and there are a number of … (1 comments)
fairfax county foreclosures: Should I Add Burglar to My Business Card?
- 05/01/08 11:06 AM
After the crazy loan issue earlier in the week recounted in my post"The Devil is in the Details" there were high hopes that my second closing for this week, a foreclosure, would make it to the settlement table on time. Despite some last minute concerns about my buyer's loan we were set to go....or were we? Foreclosures are always full of surprises. Some that you can predict, such as unreleased liens and then there are those issues that you don't quite know how to handle. In this case it is a broken combo lockbox. Despite both my clients and my attempts we can't … (31 comments)
fairfax county foreclosures: Foreclosure Scammers-The Snake Oil Salesman of Today
- 04/23/08 10:58 AM
Are you a homeowner facing foreclosure? If so you need to watch out for companies that are calling and writing you claiming that they can help you beat foreclosure. Unfortunately most of them are scams and they are looking for ways to try and make you part with what may be left of your savings or even worse the title to your home. With foreclosure still rising in our area the scammers are working over time. How do they find out about the potential foreclosures? The easiest way is to read the Friday paper which lists pending trustee sales and courthouse auction … (14 comments)
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Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
The landlord didn't say a word but the notice tacked on the front door said it all. The mortgage wasn't being paid and the bank was giving notice of the pending foreclosure action.It isn't a new a new phenomena, in fact I first wrote about this back in October 2007 when one of my clients experienced the shock of a foreclosure move. Fast forward and the notices are still arriving on door throughout Northern Virginia. Along the way I've learned a few things to try and help my rental clients avoid this mid-lease move or protect their credit rating when the … (9 comments)
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