Uncle Sam has launched a new campaign to boost up, educate out, and encourage us to rebuild our retirement savings through 401K's, IRA's etc.     Great Right?  Well here is the problem!  How many of us took a huge hit on our savings? How many of us took money out of savings because things are so tight?  How many of us didn't have savings to begin with but thought our HOUSE would offer security? How many of us are just thankful to have a minimum wage job????   
 Every morning my two year old wakes up and comes running into my living room … (2 comments)

    SHORT SALES!    As REALTORS we know how challenging short sale can be for both the homeowner, the bank and the purchaser.   The government has heard our cries for assistance, but I'm not so sure the program will get off the ground easily.  There is a great deal of room for FRAUD . . . and I worry that the people who really NEED the help will not get it.   The program will be offered to those who have Freddie Mac or Fannie Mae investor held loans.   The short sale process will be stream lined and the government is willing to … (3 comments)

foreclosure: Martin's Grocery Store Savings Tips! - 02/22/10 12:17 AM
 We all are trying to figure out ways to get 1.) More Organized and 2.) Save Money!   For most family's the largest expense of the month is grocery shopping!   I keep waffling back in forth between stores vs. savings but this weekend sealed the deal with me at Martins.   I discovered that for BONUS CARD holders they offer a free customize-able shopping list with ONLINE COUPONS and their circular.   Unlike other online shopping lists I have used it is in a drop down box format that is SO easy to use!    The best part? You can shop BONUS CARD and COUPONS together … (0 comments)

foreclosure: Land Foreclosure and Short Sales - 02/17/10 10:43 PM
 Believe it or not any real property with a lien on it can and will be taken from the owner for non sufficient payment . . .even if it is an undeveloped lot, on the side of a mountain, it the middle of no where . . it can be foreclosed on. ( Now only if we could find it!)  LOL!   Our office has successfully short sold land lots before, and depending on the bank who holds the lien, they are usually willing to work things out.  
  Land short sales are a little different than home short sales, as sometimes … (0 comments)

foreclosure: Bankruptcy: Part III - 02/14/10 10:33 PM
Life After Bankruptcy
OK so you made it through the system. Now What?   Start to rebuild and make reasonable goals for yourself in the future.   One of my favorite financial websites has a TON of information about credit, interest rates, all kinds of financial calculators and much more.   Check out this article on Bankruptcy.
You will find a step by step guide to getting on track with your finances.  I think its important to keep your budget and your goals in the forefront of your mind.  If your goals are to find a home in the next two years, … (0 comments)

foreclosure: Preparing for Bankruptcy: Part II - 02/09/10 11:20 PM
 If you have made the choice to move forward with bankruptcy, you will need to be prepared to open your bank account, checkbook, and any other financial statements to your chosen attorney and several others.   Do yourself a favor and find an accordion folder or a three ring binder to organize your finances for review.  Think of this as a school project YOU NEED TO GET AN A+ on so you do not have to go to summer school!   The more prepared you are the better off you will be in the long run!
Step A: WHAT YOU HAVE!   Make a list … (0 comments)

foreclosure: NO means NO!! Foreclosures in Winchester VA and Frederick County VA - 08/26/09 04:57 AM

"A little Drama in the Rain  . . .."
*Ring* *Ring*
List Agent:Hello, Brokerage XYZ, May I help you?
Buyer's Agent:  Yes!   I want the showing instructions for REO listing ABC street.
List Agent:  I'm sorry that listing is no longer taking offers, we are waiting for final ratification from the bank.
Buyer's Agent: I would like the lock box combination so I can write a back-up offer.
List Agent:  I can give you the combo, but the bank is not accepting anymore offers, we have two back ups.
Buyer's Agent:  Well I'm going to go ahead and write an … (2 comments)

foreclosure: Is your Short Sell Going Well?? - 06/08/09 07:09 AM
Is your Short Sale going well?  
How do you know if your Short Sale is going well? This is a hard question. Especially since the process can be long, repetitive and frustrating even when it is going smoothly! Here are a few tips of what I have found to be the "norm" in the process.1.) Pricing the home the 30 day price: Each mortgage company has a different attitude towards the price that the home should be listed for. Some have the attitude that the home needs to be listed for what is owed for a specific time period (30-90 … (0 comments)

Rachael  Hite (Finance of America Mortgage Winchester VA Branch NML#1071)

Rachael Hite

Winchester, VA

More about me…

Finance of America Mortgage Winchester VA Branch NML#1071

Address: 2113 Valley Avenue, Winchester, VA, 22601

Office: 540-542-6155

Mobile: 540-539-0100

Email Me



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