201311.07
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Divorce + Upside Down Residence = Potential for Disaster

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…

201310.09
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More Good News / Bad News

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…

201309.27
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Dual Agency Hot Potato

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…