Among the more common “creative financing” alternatives in Virginia are the “Contract for Deed”, or “Land Contract”, and the “Land Trust”. Creative financing often becomes necessary when you have a Seller very motivated to Sell, but who who has very little equity and does not want to do a Short Sale or rent the house…
One of the Friends of the Firm, Realtor Dale Hirst, posts this today: In case you didn’t notice yesterday, the FOMC (Federal Reserve chaired by Janet Yellen) raised rates .25% yesterday and said they expected to do so again 3 times in 2017. How does that effect you? For those who are already home owners,…
This year’s (11-8-16!!) ballot has the potential to be a little more complex than usual. In my city there is a referendum on Light Rail, a question on exempting widows of First Responders killed in the line of duty from real estate taxes, and a constitutional amendment on keeping Virginia a “Right to Work”…
You might not notice from reading our Blog but we actually love helping our clients with business transactions as much as real estate transactions! I never thought I’d hear something so coherent from someone sometimes thought of as a “Hollywood Ditz”, but this interview is a very interesting and thought provoking lesson for young entrepreneurs:…
The ever entertaining and thought provoking NREP (National Real Estate Post), formerly known as TBWS (Think Big Work Small) challenges our national leadership and loan regulators to promote home ownership by easing qualification regulations. /Shocking Zillow Renter Report The NREP blog also points out that the 50 year low in the home ownership index may…
For most divorces, a driving objective is closure. One or both of the parties has generally reached the state of being “over it”. Child custody, division of assets, and support issues are challenging. But there is another issue which can rain frustration on a divorce like a monsoon, and that is the disposition of real…
Newsflash! HUD (the Department of Housing and Urban Development) has declared June as National Home Ownership Month! Some believe the hype is a way of trying to generate better economic figures and arguments for the incumbent party to convince voters that the incumbent party deserves another four years in the White House. According to DS…
Recently, a client wrote us: “I am currently living in a condo in which my landlord was foreclosed on. We have been paying the condo fee, but haven’t heard anything from the bank. The bank has been in possession of the property for quite some time now and has never communicated with us in any…
In the past roughly ten years, emphasis on roughly, nearly ten million (10,000,000) American homes were lost in foreclosure, short sales or deeds in lieu of foreclosure! While our current tepid recovery continues at an underwhelming pace, there is clearly a lack of enthusiasm for home ownership. The “American Dream” seems out of reach to…
