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Foreclosure and Short Sales Blog
The best buys on homes in Virginia, Maryland and DC
Virginia Foreclosure Market Trends
9th November, 2010


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Nationwide Agent Network
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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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Real Estate Experts Available for Television, Radio, Newspaper interviews
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 media – Short Sale Specialists mainstream media – NBC Nightly News with Brian Williams short sale expert interview – Northern Virginia couple get the home Article featured in Washington Examiner - Featured in CDPE Field training manual - Darci Marchese interviews Dan and Traci – WTOP Home Value Highwire features Dan and Traci - Washington City Paper’s 2010 Best of DC – Are short sales Helping the Real Estate Market? - Tax Credit Looms article in Washington Examiner – Government offers incentives for home buyers article in Washington Examiner

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South Lawn, Oxon Hill Foreclosure home for sale
7th July, 2010

Property available only as of July 7, 2010. For current availability please email listing agent at Dan@GreetingsVirginia.com or your real estate agent. There are NO Representations that this property is currently available.

LISTED BY KELLER WILLIAMS REALTY
 

1104 WENTWORTH DRIVE
OXON HILL, MD 20745

$129,900

  


PG7284133

3 Bedrooms


1 Bathroom 		Single Family

One level living with this Lovely 3 bdrm, 1 bath single level rambler with big backyard on leveled lot. Close to all major amenities and commuter routes! See it today….This wont last long!!!!


click here for details

Dan & Traci Rochon

Office: 703-562-1791

Fax: 703-564-9815

eMail: Dan@GreetingsVirginia.com or Traci@GreetingsVirginia.com
Keller Williams Realty • 6354 Walker Lane Suite 100 • Alexandria, VA 22310
LISTED BY KELLER WILLIAMS REALTY
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What is HAFA?
22nd April, 2010

Are you eligible to qualify for the Home Affordable Foreclosure Alternatives (HAFA) in Virginia, Maryland, or Washington DC? If you are facing a foreclosure in VA, foreclosure in MD, or foreclosure in DC, you may be eligible for a short sale, and if so, your lender may participate in HAFA. What is HAFA and how does it help you?  Watch this video to find out:

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