Posts tagged: northern virginia

Northern Virginia Real Estate Foreclosure Auctions: Should I? Or Shouldn’t I?

You see the foreclosure notices in the local paper and you hear they conduct these auctions “at the courthouse steps”.  The courthouse isn’t the first place on your list of places you want to be. Well, it’s actually a place brimming with opportunity for Northern Virginia real estate investors.  Just take a look at how [...]

Thursday February 18th, 2010 in , , , , , , , , , , , , , | No Comments »

Want an $8000 Tax Credit? Buy a Woodbridge Home for Sale Now

Last November, when Congress approved an extension on the first-time homebuyer tax credit, potential homebuyers who missed the original deadline were excited. It was another chance to buy a Woodbridge home for sale and receive an often badly needed $8,000 on their tax return.

Monday February 15th, 2010 in , , , , , , , , , , , , , | No Comments »

Christmas Comes Early for Woodbridge Homes and Buyers

Have you heard of the first-time homebuyer’s tax credit extension? Last month, President Obama signed the extension to help first-time homebuyers (who didn’t get their sales in by November 30th) buy a house that meets their needs. What about those who already own Woodbridge homes, are doing well and want a larger home? To those [...]

Wednesday December 2nd, 2009 in , , , , , , , , , , , | No Comments »

Foreclosure Alternatives: Bankruptcy

A bankruptcy may stop a foreclosure and allow a homeowner to reorganize his debt and keep his property. The reality however is that most of the time this is not the case and the bankruptcy only stalls the foreclosure.

Wednesday December 2nd, 2009 in , , , , , , , , , , , , , , , , | No Comments »

Foreclosure Alternatives: Deed-in-Lieu of Foreclosure

A Deed-in Lieu (DIL) of Foreclosure is sometimes referred to as a “friendly foreclosure” since the homeowner essentially gives the Deed back to the bank. The bank agrees to take the Deed back in exchange for the property and the homeowner and back part ways with no further recourse.

Tuesday November 24th, 2009 in , , , , , , , , , , , , , , , , , | No Comments »

Foreclosure Alternatives: Mortgage Loan Modification

A Loan Modification is a change to one or more of the terms of a loan. For example, this could take the form of a lower interest rate, as in going from 7.5% to 5.5%. Or, it could involve extending the term of the loan, as in going from a 30 year term to a 40 year term. Whatever the case may be, the goal is to reduce the mortgage payment to one that the homeowner can manage and allow them to maintain ownership of their home.

Thursday November 19th, 2009 in , , , , , , , , , , , , , , , | No Comments »

Foreclosure Alternatives: Forbearance

Our second foreclosure alternative to look at is forbearance (or repayment plan). Think of forbearance as reinstatement on a payment plan rather than in one lump sum. Much like the reinstatement we looked at yesterday this is a good option for homeowners experiencing a temporary hardship and the homeowner will be required to pay their lender what they are owed.

Friday November 6th, 2009 in , , , , , , , , , , , , , , , | No Comments »

Foreclosure Alternatives: Reinstatement

In my first of a series of posts on foreclosure avoidance options, we will look at the quickest way to “get back in the good graces” of your lender – reinstatement.

Thursday November 5th, 2009 in , , , , , , , , , , , , , , , , | No Comments »

Foreclosure Alternatives: In Depth

In a previous post, I provided a list of alternatives to foreclosure with a brief description of what they are. In the coming days, I will provide a closer look at each of the alternatives. A wealth of foreclosure resources can also be found at www.NorthernVaShortSaleHelp.com.

Wednesday November 4th, 2009 in , , , , , , , , , , , , , , , | No Comments »

Woodbridge, VA Home Care – 3 Fall Maintenance Projects

The last vestiges of summer have faded away, the leaves are turning into a brilliant array of color and the temperatures are dropping. All this glorious change means the holidays are coming, but it also means it’s time, once again, to look over your Woodbridge home.

Monday November 2nd, 2009 in , , , , | No Comments »