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What the Changes to HARP Could Mean for You

Earlier this week, the Obama administration and The Federal Housing Finance Agency (FHFA), along with Fannie Mae and Freddie Mac, announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers

7 Steps to Buying a Short Sale

Today’s real estate market is yielding great opportunities for home buyers, such as short sales. Short sales, however, can be a complicated and often frustrating process for both buyers and sellers. From home inspection company Pillar To Post (www.pillartopost.com),

Answers to 5 Common Questions About Default

Unfortunately, in today's slowly recovering economy, many homeowners continue to find themselves in financial trouble. As a Member of the Top 5 in Real Estate Network®, I have worked with many clients over the past few years to help resolve their

Senate Passes Homebuyer Tax Credit Extension

Good news for buyers who are still waiting for their short sale contracts to be approved and closed by the banks. This still has not been passed by Congress or signed by the President but if I had to take a guess, it will be a done deal this week. So,

Notes from the World of Short Sales - Sterling, VA Property Closed

In addition to selling short sales on the listing agent I also help buyers purchase short sale properties. In some price ranges and areas that tends to be all that is available. I had a short sale closing for a buyer client last Friday. The property was

Home Affordable Foreclosure Alternatives Program (HAFA)coming April 5th

The following information was sent to me by Stephanie E. Reimann of Bank of America loan officer in my office. Many of you have asked me to give a brief overview of the upcoming program by the Treasury Department called HAFA beginning April 5th.The ir

The Short Sale Deficiency Note

One of the first questions that I always get from potential short sale listing clients is, "Will I have to Carry a Deficiency Note?". Generally it has varied from bank to bank and deficiency to deficiency. The good news for sellers is that because

Developments in Short Sales

The U.S. Treasury Department's long-awaited guidelines to streamline Short Sales, announced Monday, will have a significant impact on families facing foreclosure, according to RE/MAX International Chairman and Co-Founder Dave Liniger. The Home Affordable

3 Story For Sale in Elysian Woods

Investor Property • 1,389 sq. ft., 3 bath, 3 bdrm 3 story "Townhouse" - MLS® $80,000 Elysian Woods, Woodbridge - Short Sale listing with one lender. This property will not qualify for FHA financing due to repairs that need to be done

3 Story For Sale in Lake Manassas

Former Model Home in Gated Lake Manassas • 4,667 sq. ft., 4 bath, 4 bdrm 3 story "Custom Colonial" - MLS® $480,000 Lake Manassas, Gainesville - This property is a short sale and has been approved at $480,000 by the bank until December