Kim Darwaza Northern Virginia Real Estate

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 practices. The deal is expected to offer relief to more than one million U.S. homeowners ...

Low Mortgage Rates Still Prevail; Foreclosure Notices Filed On A Downward SlideMortgage rates are still a bargain. "Interest rates for 30-year fixed-rate mortgages have averaged at or below 5 percent in every week but one this year, contributing to record home affordability," said Freddie Mac Chief Economist Frank Nothaft. In Northern ...

    Chances are, you or someone you know in Northern Virginia is facing the possibility of foreclosure. But you need to understand that you are not alone. Today, 1 out of every 10 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify ...

Sadly this video is a very accurate representation of what is happening in the Northern Virginia Real Estate market with foreclosure listings.  Click on the link below to watch this short, funny and informative video.   http://www.youtube.com/watch?v=SM7oWKgCVo4   To begin your search for the perfect home or to sell your home in ...

Four senators are putting their muscle behind a new housing bill intended to prohibit lenders operating in the U.S. from foreclosing on home owners without first having discussed reasonable modification options with the borrowers.   The bill, called the Preserving Homes and Communities Act is being sponsored by Rhode Island Senator Jack ...

Below is a link to one of the many law firms that handles foreclosure sales in Virginia.  If you click the link you can look at properties that will go to auction by county in Virginia.  It will give you the date and time of the sale.  Generally the sales are at the courthouse for that county but you may want to call the law firm ...

RE/MAX International Inc. announced that visitors to remax.com soon will be able to search more than 1.8 million REO properties in the U.S. via a partnership with RealtyTrac (www.realtytrac.com). Through the partnership, RE/MAX Associates receive discounted subscription rates to RealtyTrac, the nation’s leading online foreclosure ...

Foreclosure TimelineThe following table provides an overview of the process from the time of the late charge notice to the foreclosure sale date. Please note that this is based on no contact/no loss mitigation with the borrower and is considered the earliest a loan would be foreclosed on. These requirements and timeframes are governed by the ...

Happy New Year!  I realize it is already February but I have gotten off to a busy start this year and have thus been neglecting my Blog.  The market is picking up in certain areas and for certain property types which is good news.  Inventory:  In the $250-400k price range there is a lot of ...