With whole cable TV channels dedicated to the theme of Real Estate Investment, it is not surprising that the ranks of investors are growing crowded in many markets. There are still great deals to be had, but finding them, being the first to get a good written contract with the owner, and not “giving away…
While our beloved Commonwealth of Virginia prides itself on keeping up with the Joneses in all matters of E-Commerce, we have taken more of a “wait and see” attitude toward the most electronic of closing technologies. Naturally, big states with fewer Notary Publics per square mile would need to take the lead on electronic notarizations. …
This week I had a client ask me if I’d had much experience with internet lenders. A visit to a website, an email exchange, and a voice on the phone and my client had a quote on his interest rate that fell into the category of “too good to be true”. “Can I trust…
For the past several quarters, many of our closings for home buyers in the starter home or first move-up category have revealed a loss of FHA market share. It seems that the traditional market for FHA appeal was the 1st or 2nd home market with buyers lacking a substantial down payment. FHA loans can allow…
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…
The reason we must sometimes encrypt your email from our office is “NPPI”. “Non-public personal information” about you is just about the most precious commodity we handle. You entrust us with this information to enable us to represent you and protect your interests in suits, closings, and all kinds of legal processes. What kind of…
For those of you that check back on this website and blog periodically to find out whether your forgiven debt from your short sale in 2015 will be taxable or not . . . . the year is 3/4th complete and we still don’t know. As you may recall from 2014 . . . it…
At the intersection of Inventory, Income and Interest rates, we find the biggest pool of eligible buyers of new homes. New road projects at that point on the map appear to be moving to a place that will reduce the pool of eligible buyers. Take a minute and listen to the Real Estate Industry Blog…
Over the past five years, our short sale practice has become ever more streamlined and efficient. We’ve seen time required for approvals drop as all the major lenders in the Virginia market recognize our firm name and even have first name relationships with some of our staff members who have been with us throughout the…
We try not to wander too far afield into the political end of things. But sometimes you just have to give credit where credit is due and point out some of the obvious consequences of laws affecting lenders, borrowers, default, and legal ramifications. Dodd-Frank and the ensuing Quality Management or QM regime enforced upon the…
