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When Can You Buy Real Estate After Foreclosure?

foreclosure

If you lost your home due to foreclosure, you probably haven't given up on the dream of owning a new home. The good news is that a number of guidelines have changed which may allow you an opportunity to buy that new home sooner than you think.¬†Arming yourself with this information may help you qualify again for a mortgage. Foreclosure With … [Read more...]

Stressed, or Distressed, or Both?

Percentage of distressed active listings in Loudoun County

I posted last week on LoCo Musings and LoCo Market Stats analyzing how much of our active real estate market in Loudoun is currently made up of 'distressed' sales, meaning short sales or foreclosures. What I found is that it varies depending where in the county you are, and also what home type you are looking at. Here's the overall picture for … [Read more...]

Short sales, foreclosures, bank owned…help?

Ashburn townhomes

Update: November 14, 2010, see below Okay, given the high number of 'bank involved' listings in Loudoun County right now, I thought I should clarify what many of you are hearing about in the media, or maybe even noticing in the comments section of listings of homes for sale. There are different types of 'bank involved' situations with homes … [Read more...]