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February 2012 - Posts

Wednesday, February 29, 2012 3:41 PM

Condo For Sale at Elan Condo's in East Market

Shows Beautifully! • 1,120 sq. ft., 2 bath, 2 bdrm single story "Condominium" - $340,000 East Market, Fairfax - Beautiful 2 Bedroom/2 Bath Condo in great Fair Lakes location. Great building amenities include outdoor pool, exercise room,
Posted by Kim Darwaza | 0 Comments
Monday, February 27, 2012 2:35 PM

Using Gift Funds to Purchase a Home

A lot of my First Time Homebuyers are a little short with money when they purchase their first home. There are some loan programs that allow zero down but FHA requires a minimum of 3.5% down payment. Closing costs in Virginia can also be 3-4% on top of
Posted by Kim Darwaza | 0 Comments
Monday, February 27, 2012 8:42 AM

Friday Mortgage Brief - Unloading Foreclosure Properties

I actually showed a foreclosure in Ashburn Farm today which was the first foreclosure property that I have shown in a long time. Our market has very few foreclosures but we do have many short sales. This foreclosure was completely trashed and for a $250k
Posted by Kim Darwaza | 0 Comments
Saturday, February 25, 2012 9:32 PM

Condo For Sale in The Fountains of Alexandria

Large Rooms! • 758 sq. ft., 1 bath, 1 bdrm single story "Nice Floorplan" - MLS® $100,000 The Fountains, Alexandria City - Spacious 758 square foot 1 Bedroom 1 Bathroom Condo in The Fountains of Alexandria. Great building amenities include
Posted by Kim Darwaza | 0 Comments
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Saturday, February 25, 2012 8:25 PM

Renters - Watch Out for Craig's List Scams

About a year ago I had listed one of my rental properties on Craig's List in addition to the MLS. I found out that some scam artist had copied my listing and was offering it at an extremely "to good to be true" monthly rent. They copied
Posted by Kim Darwaza | 0 Comments
Friday, February 24, 2012 10:58 AM

US Justice Department Settlement Deal with Mortgage-Lending Banks

I thought this article from Jean Chatzky's This Week in Your Wallet was worth sharing... There’s been some interesting -- and slightly complicated -- news regarding mortgages recently, so I wanted to take a couple minutes and break it down for
Posted by Kim Darwaza | 0 Comments
Thursday, February 23, 2012 8:31 PM

Faulty Foreclosure? You May be Entitled to Compensation

The federal government made headlines recently with the announcement of a historic $26 billion foreclosure settlement deal among leading banks and states attorneys general. On the heels of that announcement, an important deadline was extended this week
Posted by Kim Darwaza | 0 Comments
Tuesday, February 21, 2012 2:48 PM

Purchase Real Estate and Owe Less Taxes!

With tax time right around the corner I thought that this was worth sharing... Most consumers understand that owning a home is a great tax shelter. But most con­sumers do not understand how great these benefits can be. This report will outline some
Posted by Kim Darwaza | 0 Comments
Friday, February 17, 2012 10:41 PM

Friday Mortgage Brief - Struggling FHA Set to Announce Another Premium Hike

WASHINGTON - The Federal Housing Administration, in danger of exhausting its reserves as a result of the spike in mortgage default rates, plans to announce a new round of premium increases for home buyers within the next week. The looming premium hikes
Posted by Kim Darwaza | 0 Comments
Thursday, February 16, 2012 1:44 PM

Saving for Retirement - It's Never Too Late

The difficult economic environment of the past few years may have stalled your retirement savings plan—or maybe you haven’t even gotten around to creating a plan. And you’re not alone—43 percent of Americans had less than $10,000
Posted by Kim Darwaza | 0 Comments
Thursday, February 16, 2012 12:34 PM

FHA Premiums to Increase Soon

Many of my first time homebuyer clients are using FHA loan products to purchase their homes so I thought this was important information to share... It looks like FHA is going to increase their monthly premiums again in the very near future. I know on
Posted by Kim Darwaza | 0 Comments
Wednesday, February 15, 2012 4:40 PM

Condo For Rent/Lease in The Mercer of Reston

Luxury Living • 994 sq. ft., 2 bath, 2 bdrm single story - MLS® The Mercer, Reston - Large 2 BR/2 BA 4th Level End Unit Condo in The Mercer of Reston. End unit allows for extra windows and is light filled! Assigned underground parking space.
Posted by Kim Darwaza | 0 Comments
Monday, February 13, 2012 11:03 PM

Single Story For Sale in Alexandria Knolls

Remodeled! • 1,405 sq. ft., 2 bath, 2 bdrm single story - MLS® $219,000 Alexandria Knolls, Alexandria City - Remodeled 2 Bedroom 2 Bath Condo with 1,405 Square Feet. Great Views from the 7th Floor Balcony. Great building amenities include Pool,
Posted by Kim Darwaza | 0 Comments
Friday, February 10, 2012 1:47 PM

Breaking News: Largest-Ever Housing Deal Will Help More Than 1 Million Homeowners

RISMedia reported today that after more than a year of negotiations, the nation’s biggest banks, states attorneys general and federal officials have announced the largest housing settlement ever—more than $26 billion—over foreclosure
Posted by Kim Darwaza | 0 Comments
Monday, February 06, 2012 11:39 AM

Open House in Fox Mill Estates on Sunday

February 2012 Su Mo Tu We Th Fr Sa 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 1 2 3 4 5 6 7 8 9 10 Fox Mill Estates, Herndon - We invite everyone to visit our open house at 12903 Fraternal Court on February
Posted by Kim Darwaza | 0 Comments
Thursday, February 02, 2012 11:30 PM

Homebuyers Move off the Fence as Mortgage Rates Drop Yet Again

If you’ve been considering buying your first home or moving up to a larger home, conditions have once again turned in your favor. According to Bankrate.com's weekly national survey, mortgage rates hit yet another record low, with the average
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