My investor and flipper clients still tell me about homes that they have bought at auction that are stripped of all copper wiring, HVAC equipment, appliances, and much of the plumbing by the time they are given access. Most bidders take these potential set backs into account when formulating a bid for a foreclosure auction…
Whether it was Perry Mason, LA LAW, or an actual relationship with an attorney, most of us have stereotypes of attorneys. Not only attorneys in general, but the way you think of an F. Lee Baily or Johnny Cochran type litigator is probably not the same way you feel about a Tax Attorney. When you…
Perhaps no other profession in North America is in more dire need of respect and appreciation than that of realtor/real estate agent. Setting aside the jokes about the world’s 2nd oldest profession, even early caveman needed an “MLS” and an efficient way to evaluate all the important aspects of a prospective cave’s suitability to the…
Some clients who come into our office to sign documents to shed the albatross of an upside down home, have asked, “why do you have a dog in the office?” First I must point out that many enlightened organizations permit well trained canines at work. Dogs have long since proven their worth in law enforcement,…
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…
“Thus, as counter-intuitive as it may seem, the high share of underwater homes is helping the market by at least keeping the supply of homes for sale low.” In an article in Core Logic today entitled : “The positives of Negative Equity”, ( http://www.dsnews.com/articles/positives-of-negative-equity-on-home-prices-corelogic-2012-06-11), the author draws several conclusions which are worth your consideration! Locally,…
If you’ve been reading blogs and articles on how to save your house from foreclosure and you are overwhelmed by it all, you are not alone – Like Mat Kearney’s song about having your back to the wall and getting that bank notice, the situation can seem dark. The answers can be hard. As loan…
Depending on who you ask, the Commonwealth of Virginia is the second easiest state in the United States in which to foreclose on a deed of trust or mortgage. Along with about half of the states, Virginia is a “non-judicial foreclosure state”. That means that in most cases, a mortgage lender does not need to…
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…
How much help can Veterans and potential FHA refinancers expect from the latest program announced by President Obama at his recent (3-6-2012) press conference? For a good summary of the new program see an article in Bloomberg Business (http://www.washingtonpost.com/business/economy/obama-unveils-housing-initiatives-for-military-fha-families/2012/03/06/gIQAjW1mvR_story.html) “the administration has struck an agreement with various banks and lenders to conduct a review of…
