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Foreclosure and Short Sales Blog
The best buys on homes in Virginia, Maryland and DC
18th December, 2010

What sells for a greater price? REO or Short Sale? According to the MRIS MLS, in the Mid-Atlantic region, Short Sales sell for more $$$$

Search Luxury homes for sale in Alexandria

Search Bank owned homes for sale in Alexandria

Search Short Sales in Alexandria

Search homes for sale in Alexandria

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17th December, 2010

We’ve saved dozens of individuals and families from losing their homes to foreclosure. This can be a very emotional time – divorce, illness, other stressful family situations. Also, often people may have invested in a home that they outgrew more quickly than they had expected and now they can’t afford to move to a larger home. Sellers do a short sale because it allows them to avoid foreclosure which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. Why would a bank prefer a short sale than a foreclosure? View the TOP 5 Reasons Why a Bank will Short Sale instead of Foreclose:

Search Bank owned home in Arlington, short sales in Arlington, Luxury homes in Arlington

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  1. Why would a bank allow a short sale in Virginia? « Northern Virginia Short Sales VA Short Sale Experts

    [...] your deficiency for your property in Virginia because they love you.  They likely will do a short sale instead of a foreclosure in Virginia, because they will be in a better financial position to do [...]

  2. Washington DC Short Sale Specialist DC Short Sale Experts

    [...] your deficiency on your Washington DC home because they love you.  They likely will do a short sale instead of a foreclosure, because the bank will be in a better financial position to do so.  When they foreclose instead of [...]

13th November, 2010

According to Zillow, the top 10 cities where home owners are upside down on their mortgage are:

  • Las Vegas, Nevada         
  • Phoenix, Arizona             
  • Reno, Nevada                 
  • Orlando, Florida              
  • Stockton, California     
  • El Centro, California        
  • Modesto, California         
  • Lakeland, Florida            
  • Port St. Lucie Florida      
  • Fort Myers, Florida       

 

For many homeowners in those cities and others that need to sell, it is likely that they are upside down on their mortgage.  Of course, when people bought, they had no idea of the downward slide that the real estate market was to bring.

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9th November, 2010


<br /> Newsletter<br />





RealtyTrac™ Logo

Nationwide Agent Network

Agent Photo
Dan Rochon
6354 Walker Lane #100,

Alexandria,
VA
22310

I am available locally to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, I am here to act as your local real estate specialist.

Phone: 703-562-1791
Email: dan@greetingsvirginia.com
October 2010

Vol 4 Issue 21

6 month National Foreclosure Trends
NOD
NTS
NFS
LIS
REO

Search for Investment Properties>

Foreclosure Activity Increases 4 Percent in Third Quarter

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 930,437 properties in the third quarter, a nearly 4 percent increase from the previous quarter but a 1 percent decrease from the third quarter of 2009, according to the RealtyTrac U.S. Foreclosure Market Report. One in every 139 U.S. housing units received a foreclosure filing during the quarter.

Foreclosure filings were reported on 347,420 U.S. properties in September, an increase of nearly 3 percent from the previous month and an increase of 1 percent from September 2009.

Complete Story

How The Mortgage System Works — And How It’s Been Rattled

By Peter G. Miller

Foreclosures are setting off fresh tremors across the country but not because of any surge in unpaid loans. An elaborate system designed to assure good title to your home and solid assets on lender books has been shaken by revelations of botched foreclosure affidavits.

This is a problem because courts rely on sworn affidavits as evidence, and it appears that large numbers affidavits were signed but not read. If an affidavit has not been read then it’s possible lender claims are wrong. Since we don’t know which affidavits are accurate and which are not, massive numbers of audits will now be required to find out if any owners unfairly lost their homes.

Complete Story

Here are some of the most recent Investment opportunities in the area.


Pre-Foreclosure
S Manchester St # T2
Falls Church,

VA 22044

  • Market Value
  • Default Amount
  • $181,654
  • N/A
  • Beds/Bath
  • Sq. FT
  • 2/2
  • 1,067

Property Type Address Market Value Default Sq. Ft.  
Bank-Owned
Berkshire Dr,
Alexandria, VA 22310
$434,436 N/A 1,106

GET DETAILS

Auction
Auction Date: 10/22/10
Knights Ridge Way,
Alexandria, VA 22310
$392,000 N/A 1,748

GET DETAILS
View more properties in Fairfax County

Vacation Home Investors Flourishing in Frugal Economy

With no recovery in sight for the U.S. housing market and recessionary fears lingering, one slice of the real estate industry is holding up remarkably well: the foreclosed vacation rental market.

From the Sun Belt to the Ski Belt, there are plenty of distressed seaside chalets and mountain dwellings waiting for buyers. From the Florida Panhandle to the Oregon Trail, foreclosed vacation properties are languishing on the market and cash-strapped sellers are slashing prices and buyers are finding fabulous opportunities nationwide.

However, buying a vacation foreclosure isn’t easy. But it can be a lucrative business, according to investors, landlords and property

Complete Story

Foreclosure Trends : August, 2010
National Virginia Fairfax CTY
NODs 44,887 19 8
NTSs 95,887 3,587 558
NFSs 51,116 0 0
LISs 51,582 0 0
REOs 95,364 1,830 217
Search for Investment Properties
Foreclosure Terms
Notice of Default (NOD)

A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD

Lis Penden (LIS)

Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS

Auction / Notice of Trustee’s Sale (NTS)

A filing by notice announcing a public auction. More about NTS

Notice (Judgment) of Foreclosure Sale (NFS)

An order signed by a judge directing to sell the property at public auction. More about NFS

Real Estate Owned (REO)

The final step in foreclosure process in which property ownership returns to lender. More about REOs




30 yr fixed mtg 4.24% 15 yr fixed mtg 3.63% 5/1 ARM 3.39%





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4th September, 2010

Short Sale Specialists Available for Media interviews

Traci and I are honored to have been recognized in the media for our success with selling short sales in Virginia, Maryland, and Washington DC.  Our adventure has led to mentions in local and national print, radio, and television appearances.

Since we deal with buyers, sellers, mortgage brokers, finance professional and other Realtors every day, we are “in the trenches” and in the position to suggest story ideas and help the media identify and recognize trends, opportunities and problems before they manifest.

Traci and I are available for interviews to news conglomerates including newspapers and broadcast media.  We are knowledgable about real estate, real estate trends, foreclosures, short sales, and the local real estate market in the Washington DC metropolitan area including VA, MD, and DC.  We are responsive to media requests and understand deadlines.  To contact us, email Dan@GreetingsVirginia.com or call 703-562-1791

We consider ourselves fortunate to have been featured on:



and more…

Real Estate Experts available for mediaShort Sale Specialists mainstream mediaNBC Nightly News with Brian Williams short sale expert interviewNorthern Virginia couple get the home Article featured in Washington Examiner - Featured in CDPE Field training manual - Darci Marchese interviews Dan and TraciWTOP Home Value Highwire features Dan and Traci - Washington City Paper’s 2010 Best of DCAre short sales Helping the Real Estate Market?Tax Credit Looms article in Washington ExaminerGovernment offers incentives for home buyers article in Washington Examiner

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