Northern Virginia Homes Guide & Blog

Boo Time is Today

 

Opportunity Time is Here

With an over-abundance of foreclosure properties (REOs, real-estate-owned, bank owned) in certain communities, and with many listed prices falling lower by the day, the time to buy an investment property may be NOW.

There are R-E-A-L deals to be found -today-here in northern Virginia, and I am ready to help.

I continue to update foreclosure listed properties for Prince William County and Fairfax County daily
on my web sites. 

Contact Dan soon and don't miss this great investment opportunity.

Latest Mortgage Interest Rates- as of Week Ending- October 17, 2008

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate =  6.28%
15 Year Fixed Interest Rate = 6.05%
1 Year Adjustable Rate Mortgage = 6.97%
Source: Mortgage Bankers Association (MBA)

Latest Mortgage Interest Rates- as of Week Ending- October 10, 2008

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate =  6.47%
15 Year Fixed Interest Rate = 6.17%
1 Year Adjustable Rate Mortgage = 6.67%
Source: Mortgage Bankers Association (MBA)

Columbus Day- 2008

Enjoy the holiday.  Learn more about Columbus Day, click here. 

Latest Mortgage Interest Rates- as of Week Ending- October 3, 2008

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate =  5.99%
15 Year Fixed Interest Rate = 5.71%
1 Year Adjustable Rate Mortgage = 6.60%
Source: Mortgage Bankers Association (MBA)

New Foreclosure Properties - Prince William County- Now Posted

Beginning with today's post, I shall be linking selected available properties in Prince William County which are now bank-owned.   

 

 

You will be able to see condominiums, town homes, and single-family homes which have been sorted by list price categories.

In seeking to become a buyer of any foreclosed property, having an experienced agent/consultant/ REALTOR is recommended.  

Call me or e-mail me --with 13-years experience, advanced licensure and buyer accreditation, plus professionalism, I'll help you find the "right" home at the "right" price. 

See the type list, "Selected Bank Owned Properties" in the left column to begin your search, or: See Foreclosed Properties  

Economic Stability Act of 2008- Summary

The recently passed Economic Stability Act of 2008 (became law on Friday, October 3rd) seeks to restore liquidity to mortgage markets and stabilize the housing market.

A summary of the directives which relate to real estate follows:

* When the Treasury (or other federal agency that holds
mortgages) acquires troubled existing mortgages from financial
institutions, agencies are required to work with lenders and
 mortgage servicers to find ways to avoid foreclosures.
==========

* All federal agencies are required to work with servicers to
 facilitate loan modifications that will consider
the net present value of the mortgage.
==========

*Similar refinancing and foreclosure prevention requirements
apply to mortgages involving owners of multi-family properties
and owners of commercial properties.  Policy goal is to assure
that tenants don't lose their place of business when an owner
has problems with the mortgage.
==========

*Changes to existing mortgages can include (but are not
 limited to) revisions in principal, interest rate, 
and period of repayment.
==========

(This "summary" is source of National Association of REALTORS.)

Latest Mortgage Interest Rates- as of Week Ending- September 16, 2008

The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates): 

30 Year Fixed Interest Rate =  6.07%
15 Year Fixed Interest Rate = 5.82%
1 Year Adjustable Rate Mortgage = 7.19%
Source: Mortgage Bankers Association (MBA)