Fairfax County Approves Program To Buy Foreclosed Homes
Wednesday, July 2nd, 2008 Posted in Community Projects, Loudoun County, Market Conditions, Real Estate, foreclosures | No Comments »
According to The Washington Post ( July 1, 2008), Fairfax County approved a landmark housing program June 30, 2008 yesterday to buy foreclosed properties for middle-income families, becoming one of ... Read more..Pre-Foreclosure-Explore All Options
Wednesday, June 25th, 2008 Posted in Loudoun County, Market Conditions, Real Estate, foreclosures | No Comments »
If you get a foreclosure notice on your home, be sure to explore all of your options to avoid the foreclosure. The very first thing you should do is consult ... Read more..“Walk-Away” Borrowers, Think Before You Leap!
Tuesday, April 15th, 2008 Posted in Loudoun County, Market Conditions, Real Estate, Short Sale, foreclosures | No Comments »
Freddie Mac counts foreclosures as a major credit black mark for seven years and is now aggressively pursuing walk-away borrowers, where permitted by law. Sending the keys back ... Read more..Real Estate Agents Sponsor “Foreclosure Tours”
Thursday, April 3rd, 2008 Posted in Loudoun County, Real Estate, foreclosures | No Comments »
Some real estate agents in the Northern Virgina area are sponsoring bus tours of foreclosed homes for prospective buyers, as an attempt to reduce the inventory of foreclosed homes. The tour would typically ... Read more..Should Counties Buy and Sell Foreclosed Homes?
Friday, March 28th, 2008 Posted in foreclosures | 2 Comments »
According to washingtonPost.com (Friday, March 28, 2008), "Gerald E. Connolly, chairman of the Fairfax County Board of Supervisors, today will propose using county funds to purchase foreclosed properties and sell ... Read more..A Bold New Plan To Combat Foreclosures
Wednesday, March 19th, 2008 Posted in foreclosures | No Comments »
"Help Now" has been proposal by the National Community Reinvestment Coalition (NCRC), a nonprofit community advocacy group, to combat foreclosures . The plan calls for the government to buy up ... Read more..Radical Solutions Gaining Appeal As Real Estate Market Conditions Worsen
Wednesday, March 12th, 2008 Posted in foreclosures | No Comments »
As the result of interest rate cuts by the Federal Reserve, resetting of subprime loans have become less painful. But this is proving not to be the main cause of foreclosure. According ... Read more..Home Equity Loans May Be Jeopardized
Saturday, March 1st, 2008 Posted in foreclosures | No Comments »
The decline of home values raises concerns among homeowners and mortgage companies as well, about the real estate market. To minimize the risks of properties being foreclosed upon, some lenders are cutting off home ... Read more..Impact of Subprime Lending
Friday, February 22nd, 2008 Posted in foreclosures | No Comments »
On February 20, 2008, The Loudoun Easterner reported on the impact of subprime lending on certain areas in Loudoun County. In 2007, Clerk of the Circuit Court Gary Clemens counted 1,215 ... Read more..