Central Virginia Real Estate Blog and Info

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Real Estate Agent - RE/MAX Realty Specialists - 0225174919
A comprehensive blog about Charlottesville Real Estate including articles on short sales, foreclosures, market updates, news, resources and more presented by Rob Alley of RE/MAX Realty Specialists.

ARCHIVED BLOG POSTS

2009 

The recent economic climate is providing awesome opportunities for savvy investors. Right now there is an ample supply of empty, under-priced and foreclosure listings of properties in nearly every city in the United States. These properties are available at every price level and in every conditio...
04/30/2009
Charlottesville and Central Virginia Short Sales, Foreclosures, and Real Estate ExplainedTechniques on Financing Foreclosures.Financing foreclosures is the part of this business that people are worried about most. Most people automatically assume that you have to have money to invest in foreclosu...
04/30/2009
3 Stages of Buying Foreclosures The strategy of buying pre-foreclosures is to create a situation where everyone wins. This type of strategy involves just you, the homeowner, and in some cases the lender. Because the homeowner has been delinquent on his or her mortgage payments, they are now in a ...
04/30/2009
Where do you find foreclosure properties? There are a plethora of places to look when you want to find foreclosure properties. The key is finding them before someone else does. You can find foreclosure properties on the web, newspapers, lis pendens lists, seminars, direct mail, word of mouth, fri...
04/30/2009
What is Trust Deed Foreclosure? Trust Deed foreclosure is different than that of a mortgage foreclosure because there are no courts involved. Simply put, most investors refer to trust deed foreclosure as a third party action.   Investors use different terms when dealing with a trust deed foreclos...
04/30/2009
What is Mortgage Foreclosure? Mortgage foreclosure simply means the deed can only be foreclosed through court action. Mortgage foreclosure is usually referred to as a judicial foreclosure. A mortgage is a security document that allows the borrower to keep title of the property while using the pro...
04/30/2009
What is Foreclosure? Foreclosure is to shut out, to bar, to extinguish a mortgagor's right of redeeming a mortgaged estate. It is a termination of all rights of the homeowner covered by a mortgage. Foreclosure is a process in which the estate becomes the absolute property of the lending instituti...
04/30/2009
How Short Sales Work Short Sales are one of the most effective techniques for discounting loans in real estate. Short sales create huge investment opportunities and are a must if you want to be competitive in this market. One of the most important steps in the short sales process is getting the d...
04/30/2009
What is a Short Sale? A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property directly from the lender for a discount. For example: A homeowner, who is facing foreclosure...
04/30/2009
Making Home Affordable Second Lien Program Earlier this week, the Making Home Affordable program was enhanced to include a second lien program. The government has determined that even if you receive a loan modification on your first first mortgage, having an unaffordable second mortgage could sti...
04/30/2009
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