Arlington Foreclosure Update

As of today, there are 17 Arlington properties that are either bank-owned (foreclosures) or going to be bank-owned if they don’t sell soon for less than the amount owed to the bank (short sales).  Three of these properties are in North Arlington (all condos) and 14 of them are in South Arlington (5 detached homes, [...]

Read Full Post »

Yuk!

Looking for a foreclosure?  You might be looking for mold.
Here’s the EPA’s guide to Mold.  If you see something green, black or generally moldy looking while looking at a house, take a close look.   If you want to write an offer, realize that most likely your agent is NOT a mold inspector (very few [...]

Read Full Post »

A is for AUCTION

Read this if you’re thinking about buying a house at auction.

Read Full Post »

Arlington Virginia Foreclosures

If you’re searching for a foreclosure, be brave. Always remember to bring a flashlight, even though you may find that you really don’t want to shine a light on some of the foreclosure homes out there.  If you purchase one, expect to invest in a good amount of bleach and kilz paint.

Across all of Arlington [...]

Read Full Post »

How to Buy a Short Sale

I love a bargain

What is a Short Sale?

When a home-owner misses a mortgage payment their loan goes into default and a red flag goes off for the bank. Prior to missing a payment, it is highly unlikely that the bank will be open to conducting a short sale on the property. It is at this [...]

Read Full Post »

Foreclosure update for Arlington, Falls Church, and McLean

Will this ever end?

photo courtesy of Tonyc67

Yes, but not today or tomorrow
I’ve written about foreclosures and short sales before, but it’s a good thing to revisit this from time to time. They are not going away anytime real soon. Unfortunately, we cannot wish them away, but given time this too will play itself [...]

Read Full Post »