foreclosures: Types of Sales in Today's Market - 11/29/08 12:45 PM
This post is intended to assist you with familiarizing yourself as a buyer with the types of sales we are seeing in the marketplace today.  Read separate posts on Short Sales * REOs * Auctions for more detail.
Traditional Sales
If the prices are right, these are the best transactions!  The contract is more "normal" in nature, allowing reasonable negotiations between the parties.  Each party genuinely hopes for the sale to be completed and therefore works together to meet deadlines and ensure everything is resolved to the mutual satisfaction of all parties.  These contracts are generally more predictable. 
Considerations
Generally, private … (1 comments)

foreclosures: Real Estate Auctions - The Series - 11/19/08 07:54 AM
Did you know?
Approximately 25% of properties that are listed for auction are sold PRE-auction. Approximately 30% of properties that are listed for auction are sold AT the auction. Approximately 30% of properties that are listed for auction are sold POST auction. If you are considering purchasing a home or investment property through a real estate auction, read these posts... they will demystify most of the process for you.
Introduction to our "What Buyers Should Know About Auctions" series Part 1: Where is the Auction Held? Part 2: Types of Auctions? Part 3: What happens at a Foreclosure Auction? Part 4: … (0 comments)

foreclosures: RENTERS Losing their Homes to Foreclosure? - 11/05/08 04:02 PM
Months ago I wrote a blogpost about renters who were losing their homes to foreclosure. Yes, RENTERS.  In 2006 and 2007 many homeowners who could not sell opted to rent their homes.  But, in many cases, the rent didn't cover the mortgage.  After a year or two of trying everything possible to cover the difference, many homeowners simply threw their hands in the air and allowed the homes to be foreclosed upon. 
Mostly out of shame, these landlords did not tell their renters, who were finding out when notices were posted in the newspaper, on their doors or when a real … (0 comments)

foreclosures: Professionals, Your Input Needed - 07/30/08 03:33 AM
Lenders and Agents, you are on the front lines, so I NEED your input here.  Tell me of situations that you see that result in foreclosure.  Don't get into blame... I want to know what the situations of the homeowners are, why it is their only choice.  I don't (for purposes of this question) want to know who caused the situation, just what the situation is, and how we could/should be keeping it from getting worse.  Things that are of interest to me....
1. Was there a hardship that caused the home to become unaffordable, and if so, what?
2. Was there … (5 comments)

foreclosures: Tid Bits of Real Estate News - 07/25/08 01:10 PM
In our ever - evolving real estate market, life continues to stay interesting!  Here are a few highlights of things you may not know:
There has been another market shift.  In many sections of the Northern Virginia area, it seems prices have leveled, and buyer activity is up by as much as 80% in some areas over last years numbers! 
The smart investors are back out!  But, financing is tough for investors these days.  However, there are ways to invest in real estate by using a self directed IRA, and your IRA will have an easier time getting a loan than … (0 comments)

foreclosures: The Great House Hunt (Part 3 of Series on Buying an REO) - 07/03/08 09:39 AM
So, you're ready to go see some properties. With the REOs flooding the market, the term House Hunt is starting to have a new meaning. Looking at some REOs can be an adventure - think "Wild African Safari".Here are a few tips on what to expect when you get out there...Continue Reading www.therealestatewhisperer.blogspot.com
 
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foreclosures: The Great House Hunt (Part 3 of Series on Buying an REO) - 07/03/08 12:36 AM
So, you're ready to go see some properties. With the REOs flooding the market, the term House Hunt is starting to have a new meaning. Looking at some REOs can be an adventure - think "Wild African Safari".Here are a few tips on what to expect when you get out there... none of this is fiction, it is based on actual experiences; ...READ MORE ...http://therealestatewhisperer.blogspot.com/2008/07/great-house-hunt.html  
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foreclosures: So, You're Ready To Buy (Part 2 of Buying an REO) - 07/02/08 01:08 PM
You're an investor or a personal home buyer, and you are looking for a great deal. You've heard that "foreclosures" are the way to go, but after reading my last post, you now know that those "layman" are mostly talking about REOs.Anyway, where to start? Start where all buyers should start - outline your goals and get a plan together.........................................................................FINISH READING THIS BLOG POST: http://therealestatewhisperer.blogspot.com/2008/07/ready-to-buy.html
Agents and consumers alike who are starting to feel their way through purchasing REOs will enjoy reading this practical blog with details on what to expect... and a little humor mixed in.
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foreclosures: Some Truths about REOs - 06/30/08 05:39 AM
Despite the fact that most people, practioners and consumers alike, are now familiar with the term REO, some myths still remain. Here, I'll address a couple that I seem to be hearing every day.But, first, for those that don't know, REO stands for Real Estate Owned. This generally refers to properties which have been foreclosed upon and which are now owned by the bank. In today's market, these properties are being marketed in large numbers, and consume about half of the available inventory in many areas. So, before you enter the buying game, there are a couple of myths you should … (2 comments)

 
Vicky Chrisner (Fieldstone Real Estate) Rainmaker large

Vicky Chrisner

Leesburg, VA

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Fieldstone Real Estate

Address: Loudoun County, VA

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