On October 4, 2010, the Federal Housing Administration (FHA) made some major changes to its home loan requirements which will have a significant impact on borrowers. As you will see, this is a case of one hand giveth and the other hand taketh away. Read on for a breakdown of the changes. Up Front Mortgage [...]
Four bedroom, three full bath single family home in Lake Ridge. This top to bottom renovation is ready for its new owners. NEW: stainless steel appliances, cabinets, countertops, ceramic tile, carpet, refinished hardwoods and much more! Quiet cul-de-sac, treed lot, close to the water. This one impresses inside and out! Home warranty provided.
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 [...]
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.
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 [...]
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.
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.
Selling a home is complicated and full of legal issues that anyone considering selling “by owner” needs to be aware of. However, two of the most important things you need to know in order to be successful as a FSBO (for sale by owner) home seller have nothing to do with legal issues.
To cut down on some of the frustration, save a few trees from the paper you’d use up and help give you a better guestimate, I’ve decided to go looking for the best real estate calculators I could find on the Net.
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