washington dc real estate services: Got Upside Down Mortgage...Get Options - Your Washington, DC Area Realtor
- 08/03/11 01:28 AM
In today's economy many homeowners are hurting and are upside down in their house. Some have tried loan modifications and many have failed at that attempt. Some have clearly just walked away thinking that is/was their ONLY options. WRONG, WRONG, WRONG, WRONG, and WRONG again! In the bible it says "my people perish for lack of knowledge". Let's start out by saying foreclosure is NOT an option. Now that we have our mind made up on that. There are other options such as doing a short sale. Many have heard the horrible stories about the process but that is ONLY when … (0 comments)
washington dc real estate services: Derogatory Marks on your credit HURTS YOU - Your Washington DC Area Realtor
- 07/27/11 02:11 AM
When I get a phone call from a potential buyer who wants to buy a house and I ask what is your credit situation for some odd reason sometimes some of them say they don't know, WARNING SIGN. When I hear that to me it usually signals not good (just from my experience). Usually people who have good credit stay on top of theirs very frequently like monthly or quarterly but not the I haven't pulled mines in years routine. Usually with this comes collections or derogatory marks such as charged off accounts, repossessions, sometimes foreclosures, or even child support. A … (1 comments)
washington dc real estate services: Property Taxes Decrease in Maryland - Your Washington, DC Area Realtor
- 07/19/11 02:28 AM
For years mainly since we entered into the 21st Century property taxes in the state of Maryland has gone up. In many areas drastically. Taxes had been going up for over a decade but had gone mainly unnoticed when the housing market prices skyrocketed between 2001-2005. As housing prices went up during that season of an unusual market so did the property taxes. Once the housing market prices came to a halt then dipped is when many home owners really took notice. Many wondered what could they do to lower such high taxes. In many cases property taxes would cause mortgage … (1 comments)
washington dc real estate services: Property Tax Sales - Your Washington, DC Area Realtor
- 07/05/11 04:03 AM
Many homeowners who fall behind on paying their mortgage payments are not always current paying their property taxes. Once this happens just like regular taxes the county places a lien on the property then eventually auctions the property for a tax sale. Many people have asked me the question if I pay the taxes do I own that property. That's a good question & depending on each states the answer varies. I mean how great is that if you pay $20,000 in taxes and own a $500,000 house right too good to be true correct that's because most mortgage companies will … (0 comments)
washington dc real estate services: How Long Does It Take To Complete A 203K? - Your Washington, DC Area Realtor
- 04/13/11 12:35 AM
How long does it take to complete a 203K? This can be a simple question with complex answers. Depending on which 203K is used it can vary. It can also vary by the size of the property and what's actually being done to that property. Again a streamline 203K loan are repairs that are under $35,000 and a full blown are over $35000. With that said the typical time frame involved in a streamline is 30 days or less and with a full blown it's usually 30-60 days. Now there are contributing factors such as, what are the repairs that are … (3 comments)
washington dc real estate services: Repair Cost in Using A 203K Loan - Your Washington, DC Area Realtor
- 04/06/11 07:39 AM
Foreclosure, short sale, foreclosure, short sale does it seem like every other house is either a foreclosure or short sale that require some kind of repair or repairs. Well the 203K loan is available to help in many cases. Which 203K loan applies, the streamline or the full blown. The streamline again is that which requires up to $35,000 in repairs, while the full blown is anything over $35,000. The lender usually assist in this factor after the FHA inspectors conducts their inspection of the property and with choosing licensed and boned contractors. Many ask how is the 203K cost effective … (0 comments)
washington dc real estate services: Always Interview 3 Realtors Before Listing - Your Washington DC Area Realtor
- 10/22/10 01:49 AM
In August 2010 I sold a townhouse that showed extremely well in 3 months for $201,777 for top dollar while the foreclosures and short sale priced lower continued to sit on the market. I recently found out another agent listed a house that showed equally as well in that same subdivision for $95,000. THAT bothered me! Even though the house next to it sold for $100,000 (which was a short sale) it was not equal in value as the property priced at $95,000. Did the agent do their due diligence and provide the fiduciary duty that ALL Realtors are to uphold … (0 comments)
washington dc real estate services: Just Listed & Just SOLD...There is a Difference - Your Washington DC Realtor
- 10/01/10 01:02 AM
Sometimes I get phone calls from other agents saying "Hey I have this property listed if you have any buyers let me know". I shake my head and laugh for many reasons, 1 is I have the same MLS system as they do so I know what's on the market & 2 is if you're calling agents to let them know I already know the property is overpriced, doesn't show well, or they're dealing with a difficult homeowner in which they do not understand their needs and do not know how to explain details in a simple manner so they can … (1 comments)
In today's economy many homeowners are hurting and are upside down in their house. Some have tried loan modifications and many have failed at that attempt. Some have clearly just walked away thinking that is/was their ONLY options. WRONG, WRONG, WRONG, WRONG, and WRONG again! In the bible it says "my people perish for lack of knowledge". Let's start out by saying foreclosure is NOT an option. Now that we have our mind made up on that. There are other options such as doing a short sale. Many have heard the horrible stories about the process but that is ONLY when … (0 comments)
;)
;)
