201210.16
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Homeowner gets $1.61 in mortgage ‘relief’

Some things in life require no comment, like this story on a Bank of America mortgage modification that saved the struggling homeowner $1.61 a month: “Homeowner gets $1.61 in mortgage ‘relief’“ You read that correctly.   One Dollar and 61 cents after months of tax returns, applications, bank statements, W-2’s, etc., copied repeatedly to the lender.

201210.10
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Choose Your Short Sale Champion Carefully!

In the past fiscal year, the federal government has prosecuted 530 mortgage rescue scam artists!    Many of those prosecutions are centered in Florida and California, but if only 1/50th of them were in Virginia, that means there are at least eleven wicked self-proclaimed short sale or loan modification experts operating in our state whose real…

201209.28
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Real Help for Short Sales Coming NOT from DC but from the STATES!

In an encouraging move toward action and accountability, the States Attorneys Generals have collaborated to actually do more than just propose programs and threaten consequences for uncooperative mortgage lenders!   The home-ownership assistance initiatives that have come from the current administration in Washington have generally received failing grades from the real estate industry, homeowners losing their…

201208.14
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Thank God for Little Blessings

Good news – Sort of – according to Realty-Trak, Virginia has dropped out of the top ten states for foreclosure frequency! If you are a homeowner in Virginia, each morning when you arise, thank God that you live in a place where opportunity and compensation still manage to keep pace with loan default. “The states…

201208.07
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Short Sales Continue to Increase in 2012

The Hampton Roads housing market is seeing some initial signs of improvement, according to Zillow’s Chief Economist, Stan Humphries (http://www.sfgate.com/business/bloomberg/article/U-S-Home-Values-Post-First-Increase-Since-2007-3731799.php). However, the improvement is quite limited, and the economic conditions that forced so many families into foreclosure or short sale are still present. While the housing market is expected to improve about 1% over the…