Today I posted my first (hopefully not my last) post on It is about RPAC and NVRPAC (also written NV/RPAC).I hope you will post your comments over on (and you can repost them here for your points!).Frank
Only $135,000!? EOS 21 Condos in Alexandria Virginia just announced a condo-conversion auction of 43 units. A "Once in a Lifetime Opportunity!" This is the second condo-conversion project to take this "liquidation" sales technique. I know I say in my blog "I told you so" a lot, well no exception...
Update: This posting is oldy but a goodie(2/2008), More short sales are closing now, but this article still explains the process. Newer Short Sale postings here. Most Short Sales are what I call "FAKE listings." Only 1 in 20 sells. In Arlington only 3 have sold out of 65 attempts. I briefly went ...
The first task in writing this post was to look up whether "bullet holes" was 1 word or 2. Turns out it's 2 words. Learn something every day right? Or is it everyday? Anyhow, I went to a bank owned property in Falls Church today.It was disgusting. It was infested by cockroaches (we didn't see an...
Feedback is king with listings.Too frequently sellers will get frustrated with their listing agent for not following up with buyer agents. This is a crucial step. Oftentimes you can find out who might be on the fence and move them to make an offer, or the feedback will help the seller understand ...
When I say "Buying a Listing," I am not referring to the actual act of buying a home. Instead I am referring to industry agent to agent jargon. It refers to an unethical trick where some listing agents will inflate the recommended list price in order to win the deal.I have referred to my mother s...
I have wanted to post this post for a few weeks now. I want community participation on this one. I need examples and things to watch out for in Bank Addendums.So you are buying a bank owned property, and REO or a Short Sale? You need to understand the bank addendums that accompany them, or you mi...

FRANK LL0SA Esq.- Northern Virginia Broker .:.

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