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Foreclosure and Short Sales Blog
The best buys on homes in Virginia, Maryland and DC
3rd February, 2012

Some years ago this letter of approval was released by Bank of America for an approved short sale in Alexandria, VA. The homeowner was hesitant to do a short sale in Alexandria, VA initially but when Dan and Traci of Keller Williams Realty and greetingsvirginia.com explained to him the advantages of doing short sale over being foreclosed on, the homeowner eventually made the better decision.

 

 

So, if you are in that position and need some help with your short sale in Alexandria, VA contact us today. Fill out the form on this page or call us at the number here and we will contact you shortly.

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14th January, 2012
Filed under: Real Estate News

What are the top real estate blogs?

I often read and educate myself about real estate.  I have found some of the best real estate blogs in the country.  These real estate blogs are updated regularly have great content that is relevant, and written by people that I respect.

These are some of my favorite real estate blogs (in no particular order):

Top local real estate blog:

Phoenix Real Estate Blog  Jay Thompson writes this blog about real estate.  Jay wrote the first blog post on ActiveRain and has been writing great content about Phoenix real estate on his own site for a very long time.  In my opinion, this is one of the best blogs about real estate in the country.

Top national real estate blog:

Bigger Pockets Blog Bigger Pockets is an online real estate magazine written by many authors and contributors. Posts about real estate professionals and investors with a focus on Networking, Deal making, and Education can be found here.

Top short sale blog:

The Short Sale Guide  Without doubt, this is the top resource of short sale experts collected in the country describing their real estate experience with short sales.  This site was founded by my friend, Mike Linkenauger and shares stories about the short sale process from some of the best short sale specialists in the country.

Other top real estate blogs worth checking out:

These blogs are each worth checking out:

NY Short Sale Blog  J. Philip Faranda writes this blog from the trenches of short sales in Westchester County, New York.

Short Sale Artisian  There is much talk about the art of short sales written on this blog (and YES, short sales are an art!)

Short Sale Blogger  There are great tid-bits about short sales and the short sale process that you can learn on this short sale real estate top blog.

Top real estate blog in Virginia, Maryland, and Washington DC 

Greetings Virginia Blog  That’s us :)  Writing about real estate in Virginia, Maryland, and Washington DC.  Specializing in short sales in these areas.

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11th January, 2012

Some buyers have made offers on short sales, then waited as long as six months or more, only for the seller to be denied the short sale or of been foreclosed on.

HOUSE HUNTING ADVICE: A crucial fundamental to buying a short sale is to pick the best property and the right agent to represent you. You do not want to make an offer on a short sale that will never close. The right agent can advise you on the best strategy for success. Closing a short sale involves teamwork from all parties involved.

When buying a short sale, your agent should ask:

1) Who will be negotiating the short sale? Be sure that whoever is negotiating on the seller’s behalf is qualified with experience. The #1 skill set that results in success in the negotiations is commitment from the seller’s reprsentation. Be sure that the seller’s team is dedicated to the success of the short sale and that they will never give up on the transaction.

2) How many short sale transactions have they completed in the past 6 months? You will have a better chance of closing a short-sale deal if the listing agent has experience doing short sales and has a plan for how to accomplish a sale.

3) How many loans are on the property? The more liens on the property equal the more challenges.

4) Who are the lenders? Not all lenders are the same in regards to their willingness to cooperate.

5) How much is owed on the property? A bank will do a short sale if they are in a better position than if they were to foreclose. In most cases, even if there is a large defieciency, the lender will be inclined to accept the short sale.

6) Has a Broker Price Opinion been completed? A BPO is the bank’s first step in determining the accepted amount that they will approve a short sale for. If they have already completed this step, then they are closer to success.

7) Has the property previously been under contract with another buyer? If it has been, then it is likely that the long process of the short sale has already begun. Properties that have already been under contract often have a better chance of getting approved.

8) Is there a pending foreclosure date? You do not want to be in a position to get under contract with a seller that will likely lose their property to a foreclosure.

9) How many months behind on the mortgage are the sellers? The longer behind on their payments, the more likely that the seller will be foreclosed.

Remember that not all short sales are created equal. Be sure that your agent gets the above information prior to writing an offer on the, “Home of your Dreams”.

About the Author: Dan Rochon, specializes in Short Sale representation and selling luxury homes, Associate Broker in VA, MD at Keller Williams Realty, Alexandria, Kingstowne, VA, Co-Founder of GreetingsVirginia.com, and media consultant for struggling home owners. Dan and his team have been featured on NBC Nightly News, The Today Show, CNBC, The Washington Post, The Washington City Paper, OutFront Magazine by Keller Williams Realty, WTOP News, The Washington DC Examiner, and other media publications.

Get, “Should I Short Sale my Home?” ebook.  Stop foreclosure in Great Falls, VA and other areas of Virginia, Maryland, Washington DC

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29th December, 2011

Hi!   This is Traci Rochon with greetingsvirginia.com and Keller Williams Realty. We help clients sell their properties even if they are upside-down, in Maryland, D.C., and Virginia.   I just wanted to share a little  success story.   We helped a client yesterday, actually three but I’ll just share a story with you sell her property and it was upside-down. There was a medical hardship involved. We had two trusts to deal with, both Chase and Wells Fargo and we got her a full and final satisfaction on all of her debt obligation.

 

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If you need help selling your property today, even if it is upside-down, we can still help you. Contact us today at this number, or try us at greetingsvirginia.com. Call us today and we’ll help you too.

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27th December, 2011

If you own a property in Fairfax, VA and is considering of selling it to relatives well we have to tell you that this is not possible. One requirement that most banks would ask for short sales in Fairfax, VA to stop foreclosure is to sell it an arm’s length transaction which means you are selling your real estate property to someone not related to you. So if you are in an upside down situation for your property in Fairfax, VA and would like to stop foreclosure, we have short sale specialists to help you. And in today’s market a short sale is always better and smarter move.

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Why don’t you go ahead and fill out the form in this website and we will give you a call to help you short sale your property in Fairfax, VA. Our friendly short sale specialist will help you get out of your situations. We will help you stop foreclosure and do a short sale instead.

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