How Short-Sales Affect Your Credit and Other Ramifications
A question on many people’s minds that are considering a short-sale is, “How will a short-sale affect my credit and what are some of the other ramifications?” There is no one right answer because every short-sale negotiation is different, every seller’s situation is different and every bank is different.

What is the Usual Condition of a Foreclosure/Bank-Owned or Short-Sale?
If you haven’t bought a foreclosure/bank-owned or short-sale property in a while (or ever), you probably don’t know what the typical condition of such a property is. Here’s an idea of what to expect… I’m working with a buyer who is buying a foreclosure/bank-owned property and did a home inspection this past Tuesday - here is what the inspection revealed: Exterior wood rot on upper rake and gutter boards, front window and door Gutter is falling - re-secure nails and gutter Re-wire attic fan Re-connect dryer vent in attic Repair 2×4 lateral brace by chimney Replace leaking interior hose bib

Buyers/Sellers: What Does Few Foreclosure/Bank-Owned Properties on the Market Mean To You?
The other day, I talked about how few foreclosure/bank-owned properties there are on the market in Loudoun County and Northern Virginia (click here if you missed the post). But

Anyone Seen Where All the Loudoun Foreclosure/Bank-Owned Properties Have Gone?
Two years ago, you couldn’t walk out your front door in Loudoun/Northern Virginia and not see a foreclosure/bank-owned property for sale. But something interesting has been going on for the past 12 months…the number of foreclosure/bank-owned properties on the market has been quickly dwindling.