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…
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…
After we explain the benefits of short selling real estate, people often ask us . .. “so what is the drawback?” In a word – “Delay”. Relief in a shortsale is not as quick or comprehensive as it may be in a Bankruptcy, for example. But it may have the potential to heal your credit…
Under the pressure of yet another round of demands from Congress to ease the requirements for mortgage modifications and principal reduction modifications, the “GSEs” or quasi-governmental mortgage clearinghouses for mortgages – FNMA and FDMC (Fannie Mae & Freddie Mac) have rationalized their steadfast refusal to grant principal reduction modifications. http://www.dsnews.com/articles/fhfa-criticized-for-arguments-used-against-principal-reduction-2012-03-15. The rationale for disallowing 100%…
Here’s a great article that I found by Carrie Bay from February 10, 2001 at DSNews. There is a lot of interesting information. You can see the original article here. Home values in the United States fell 2.6 percent during the last three months of 2010, posting their largest quarterly decline since the first quarter…
