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Useful Real Estate Information for Northern Virginia
Washington Report: Home Affordable Refinance Program by Kenneth R. Harney Realty Times The Obama administration's latest expansion of its "home affordable" refinance program, outlined just before the July 4 holiday, could be huge news for tens of thousands of owners whose houses...
Thomas Merical
The 1031 Exchange in Today's Market by Peter L. Mosca [Note: To follow is an excerpt of an interview with Michael A. Anderson, CES, Certified Exchange Specialist. Michael is president of Exchange Services, LLC, an affiliate of Zions Bank that serves the QI n...
Investor Report: Residential Lots by Kenneth R. Harney It might sound a little surprising, but in investment real estate, residential lots are hot, especially in markets that saw the highest peaks and the worst busts during the past three years. On Florida's...
Here are a few reasons that this is a great time to purchase in Northern Virginia now. 1)Existing Home Sales rose 5.1% in February to a seasonally adjusted annual rate of 4.72 Million units. First-time buyers made up about HALF of this number during the month. The first-time buyer tax credit will...
In recent times many clients of mine have come to ask what the meaning of the different status’ they see in the Multiple Listing Service I provide to them, . Here is a summary of the different status’ and what they mean. Listing Status Categories As you look through ...
I have been getting tons of calls and emails regarding the $8000 Tax Credit towards down payment & closing. To clarify, only non-profits, government agencies (Federal, State & local) approved by FHA/HUD can offer the $8000 as a second lien for the buyer. The $8000 can NOT be utilized towards the...
Helping Clients Estimate Their Affordability Range by Ralph Roberts Traditionally, real estate and mortgage professionals have encouraged homeowners to stretch – to shop for homes at the upper end of their affordability range. We wanted them to maximize their investment, and we...
Millions of Foreclosures, More Renters and Multi-Family Sales by Michael Minervini Look around and you may notice that 40% or greater of your marketplace is distressed properties. These properties may be comprised of short sales, foreclosures, REO’s and even owners about to go...
Wanted to share with you some valuable information that lenders must all abide by for Anti Flipping guides for purchase transactions:   FHA LOANS: •·         Foreclosures: if currently owned by a bank as a Foreclosure there is no Title seasoning required, buyer can purchase and close anytime. •· ...

Thomas Merical

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