Victoria Falls Spring real estate market is slowly gaining momentum moving into 2014….Although, the lack of inventory combined with few sales in the VF community have left market values lingering below an acceptable level considering similar properties in the area. The single family homes in the Victoria Falls community usually remain on the market for a long listing period - say 90 - 180 days or more. The Days on the Market (DOM) indicator should improve as the inventory and sales picks up in the peak of the spring buying season. Considering the unique space and style of homes the community home owners should see and increase in values in the coming months. Especially, with the amenities that this community offer VF's residents. Fannie Mae, a government controlled mortgage funding organization recently listed a two bedroom, two full baths Craftsman style villa home with a stone exterior for$252,900. This property sit idle for over three years! Now, it’s listed for sale under the … [Read more...]
Deciding to Rent or Buy
Deciding whether to rent or buy is a big decision for many Washington, D.C. and Maryland area residents. If you are frustrated paying high rent, now is the right time to purchase that dream home. With interest rates at an all- time low and many mortgage programs available there is no reason not to buy now. Although there are many pros and cons that may help persuade you to start the process to homeownership. If the family budget and overall financial position looks good or you are thinking about the future outlook for your family….. Now is the time to decide to rent or buy! One positive sign to consider when renting is the benefit of being able to move… whenever you want for various reasons such as, a job opportunity in another part of the country or one in a different location within the DMV area. Renting eliminates the expense of having to make needed repairs, performing maintenance or making any replacements, e.g. the heating and air conditioning unit, plumbing systems, or … [Read more...]
Facing Foreclosure
Facing Foreclosure: What to Do Right Now If you’re facing foreclosure, don’t panic: Take steps right now to save your home or at least lessen the blow of its loss. Read Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
Streamlined Loan Modification
Freddie Mac has announced a Streamlined Loan Modification that should provide an efficient way for borrowers to avoid foreclosure and remain in their home. The Freddie Mac Streamlined Modification program is a temporary initiative that provides severely delinquent, eligible borrowers an opportunity to avoid further stages of delinquency quickly and without documentation. The Streamlined Loan Modification enables Freddie Mac Servicers to modify a borrower’s mortgage by adjusting interest rates, extending payment terms to 40 years, and providing principal forbearance for certain underwater borrowers. Some of the key features of the Streamlined Loan Modification include the same terms as the Freddie Mac Standard Modification program. Freddie Mac introduced an alternative to foreclosure that targets severely delinquent borrowers and eliminates the requirement for borrowers to submit a Borrower Response Package. The Streamlined Loan Modification offers a trial period plan in … [Read more...]
