Many buyers think if they grab an REO they are getting the best deal in the Lake Ridge neighborhood. Today let’s look at two similar contemporary style homes for sale in Lake Ridge to see which might be the better deal. The first property is a Lake Ridge REO listed for $269,900. The second home […]
It’s still a question hanging in the air. Is there a shadow inventory of foreclosures being held by the banks? Certainly the predictions (not mine) at the beginning of 2012 were that the market would be overwhelmed by this “shadow inventory” causing prices to fall once again in Prince William County VA. The latest statistics […]
Before you consider a foreclosure remember that not all foreclosures may be eligible for FHA or VA financing. If you are not represented by a Realtor® and are interested in scheduling an appointment to see any of these properties contact Cindy Jones/Broker/CJ Realty Group to learn more.
Looking for a foreclosure in Prince William County? Where the heck are they? If you are looking for a high end detached home the answer is Western Prince William County. Haymarket and Nokesville to be specific. If you are thinking of a smaller condo or townhouse then head to Eastern Prince William County in Woodbridge […]
This past Sunday CBS 60 Minutes aired a segment (see below for clip) on the growing issues of “strategic defaults”; homeowners who choosing to walk-away even if they could continue to pay their mortgage. It has raised the debate again about whether a homeowner has a “moral” obligation to continue to pay their mortgage even […]
At least three or four times a week I get a question about a “foreclosure” listing a buyer saw on RealtyTrak. They see an incredible price…that translates as LOW…and want to see the house right away. Unfortunately the answer is chances are what you are seeing is not a listing at all but a notice […]
You might be surprised at the answer. In July I wrote a post “Strategic Foreclosures are Lenders Listing” which indicated from Wall Street Journal research that that once the value of a home fell by more than 15% the number of homeowners would simply “walk away” increased. Now a new report produced by Experian and Oliver Wyman […]