Feed: Lee Allen Team Blog - AggScore: 76.6

Mortgage servicing crackdown expected

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What an interesting post that they find “significant weaknesses in mortgage servicing”.  It has been at least 3 years of non-stop foreclosures here in Northern Virginia if not longer. Banking regulators find a weakness how about complete oversight in my opinion. Here in Northern Virginia we have many military families that have serve our country [...]

Home Values Dip Further

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Robo-Signing Issue Pushes more Borrowers Underwater; Last quarter of 2010 saw home values in the US going down by 2.6%. Washington Metro area saw a decline of 5.0% This happens to be the largest quarterly decline since the 1Q of 2009 according to the recently released 4Q market report by Zillow. Home values nationally dropped [...]

Foreclosures Falling or Not in Northern Virginia

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Northern Virginia – January Report for Forclosures Fairfax 1 out of 1124 currently 350 Loudoun 1 out of 632  currently 165 Arlington 1 out of 2785  currently 37 Prince William 1 out of 282  currently 282 The number of homes receiving foreclosure filings, default notices, auctions, and repossessions, fell 17% in January compared to a [...]

10 Commandments of Social Media Marketing in Fairfax VA Real Estate

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Lee Allen Team – Sell Your Home: Don’t you wish Fairfax Virginia life came with an instruction manual? It would certainly make things a lot more simple. In fact, followers of the Judeo-Christian religious orientation believe just such an instruction manual was recorded in the pages of what is coined the “Old Testament”…the beloved 10 [...]

12 Top Remodeling Trends for 2011 for Northern Virginia

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New year, new list of remodeling projects to start around the house. At least that’s what remodelers and contractors are hoping. So, what remodeling projects are on top of everyone’s list? The National Association of the Remodeling Industry (NARI) conducted an exclusive poll of their top builders and developers for us and found that Read [...]

Home prices showing signs of life in Fairfax VA

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The Northern Virginia Association of Realtors® reports on December 2010 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton. A total of 1,407 homes sold in December 2010, an increase of about 4 percent above December 2009 home sales of [...]

Shadow inventory will push Fairfax foreclosures

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Two reports from separate credit rating agencies are drawing the same conclusion: Foreclosures will reach new heights this year, even after setting records in 2010.  ”DBRS expects foreclosure filings and completed foreclosures to reach record levels in 2011 as alternatives such as modifications for seriously delinquent borrowers are exhausted,” said Kathleen Tillwitz, an operational risk [...]

Avoiding Short Sale Fraud: Disclosures to the Foreclosing Lender

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Here’s a scenario for you. You’re right on the verge of getting a foreclosing lender to approve a short sale for a client of yours in Northern Virginia. You think you have it all wrapped up, and then they ask why you’re buying the property. What do you say? The answer to that is the [...]

Obamacare Now What?

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Yesterday, U.S. District Judge Roger Vinson in Florida, ruled that the individual mandate in Obamacare is unconstitutional. This is a first step to a Supreme Court decision that could take another two more years. Even though Judge Vinson specifically ruled that the individual mandate is unconstitutional, he stated that this issue invalidates the whole law [...]

Foreclosures Spread

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Latest foreclose numbers here in Northern Virginia,                                                                                             Fairfax: 1 out of 898 homes currently 498 Loudoun: 1 out of 790 homes currently 132 Prince William: 1 out of 427 currently 319 Arlington 1 out of 3334 currently 31 According a report released Thursday by RealtyTrac, one out of every 9 homes in Las Vegas received [...]