Tagged : subprime loans 
There are currently 3 blog entries matching this tag.
Buyers Get Slapped Around with Terrible New Appraisal HVCC Rules and AMCs
Wednesday, June 10th, 2009 at 11:09am. 2840 Views, 37 Comments.
Buyers Pay More $$$ for Slower and Less Accurate Appraisals With New HVCC Rules and AMCs--DRAMA!
So the new HVCC (home valuation code of conduct) came out May 1, 2009 and have had a profoundly negative impact on consumers, appraisers--at the least the best, most established ones, real estate agents and sellers. yes you heard that correctly--sellers are being hurt by this overreaching by a federal bureaucrat Andrew Cuomo who himself received big $$$ from AMC (appraisal management company) interests.
Now most large lenders are being required to use AMC--appraisal management companies--to get appraisals done. The AMCs are a 3rd party--an extra layer of bureaucracy for consumers to pay for and wait for--through which lenders now order appraisals. …
Last Chance for Buying a Northern Virginia Foreclosure?
Wednesday, June 4th, 2008 at 2:42pm. 1795 Views, 3 Comments.
Foreclosure Supply Quickly Decreases in Northern Virginia in Prince William, Fairfax & Loudon County
I've had a lot of people in interested in foreclosures the past 6 months. Often people ask me about them when looking for Clarendon real estate and I have to tell them sorry, but they are few and far between on the orange line. When you compare Arlington to other counties in terms of the # of foreclosures as a percentage of the inventory it's amazing how Arlington VA in practically foreclosure free in comparison.
In the past 18 months real estate in Washington DC metro and Northern Virginia went from 87th out of top 100 metropolitan markets up to #22. So the area ended up with nearly 16,000 foreclosures listings. Like everything though…
What the Heck is a Short Sale in Northern Virginia@##!!
Tuesday, October 9th, 2007 at 3:13pm. 7574 Views, 10 Comments.
What the Heck is a Short Sale in Northern Virginia?
"What the heck is a short sale?" is a question many buyers, sellers, lenders and REALTORS are trying to figure out these days. It's the wild, wild west of northern virginia real estate or Arlington real estate where any party can just throw up a listing calling it a "short sale" and then make up the rules from there. I was involved with 3 short sale situations today with different clients. So what is the difference between a regular sale and a short sale?

As of writing this article there are 17 short sales going on in Arlington VA real estate: short sales in arlington. This is out of 980 listings.So they represent a small portion of the Arlington Virginia real estate listings. It…
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