Please click this link and check out an article I was invited to co-author with one of our firm’s realtor friends, Dennis Blackmore: http://dennisblackmore.com/2013/11/07/divorce-short-sale/ Complications of Divorce under Virginia law can make real estate transactions more difficult. The article addresses some of the most common pitfalls in completing short sales in Virginia while also dealing…
We often have clients ask us what to do with a deceased parent’s real estate that was “under water” or requires a short sale to be able to sell it. Is it worth the effort, time, and potentially a little money to short sell a deceased parent’s home? There is no “one size fits…
The Good News on this rainy day 3 of a moderate Noreaster in Tidewater, Virginia, is that foreclosures and “shadow inventory” continue to decline. The meteorologists tell us we have a couple more days of winds and much needed rain off the Atlantic Ocean. Likewise, the economists predict that our financial storm is not over…
Never underestimate the lobbying power of NAR (National Association of Realtors). NAR managed to have the enforcement of the anti-dual agency rule postponed. The Department of Housing and Urban Development (HUD) had planned to implement the new regulation 10-1-13 to help fight Fraud in Short Sales. “Dual Agency” is generally defined as one real estate…
When interviewing agents to list and sell your Short Sale, i.e., your real estate which is currently worth less than the total owed on the mortgage, there are many factors to consider. Personality compatibility, motivation level, persuasiveness, compassion, are all factors in selecting a “partner” to help you succeed in the business of selling your…
This headline out of Missouri at first seems encouraging to the average homeowner trying to find anyway possible to keep from having their home taken from them. Like this family in the featured story, many homeowners have done everything possible to “keep a roof over their heads”, including selling all the family jewelry. But unlike…
http://www.reuters.com/article/2012/05/16/us-housing-borrowers-idUSBRE84F04Y20120516 Very encouraging article in Reuters today about how quickly some “victims” of financial failure have been able to turn their lives around and buy a new home after a short sale. Actual statistics are not yet available nor can an exact amount of recovery time be quantified, but if you are facing a no…
