Stability is returning to Virginia housing market. View the link below to see the report.
The Town of Occoquan
The town of Occoquan is located on the north eastern part of Prince William County. It is located close to several commuter routes – Route 123 going into Fairfax County, I95 and Route 1 to points North and South, and Old Bridge Road if you lucky enough to be going to the western part of the county against most of the rush hour traffic.
Below is a video of the town of Occoquan showcasing a variety of restaurants, retail stores, historic landmarks, events, and the people of Occoquan. It is one of the best I’ve seen and it really does a great job of covering all the different aspects of the town. If you have not stopped by the town recently or are thinking of relocating here, check out what the town has to offer.
Here’s the website to find directions, events, etc., – http://www.occoquan.com/
Property Tour – Fully Furnished Three Level Townhouse Rental in Dumfries, VA
Fully Furnished, three level townhouse in sought after Southlake at Montclair Community!
Lots of amenities, backs to woods, short walk to lake. Room in basement could be fourth bedroom but it is not to code. Fenced yard and lower level deck with plenty of space for living and entertaining. Shopping and restaurants nearby. Home specs – 3 bedrooms, 3.5 bathrooms, upper & lower decks, 1,890 finished sqft living space, washer/dryer separate room in basement.
Great location for commuting to Marine Corps Base Quantico, Fort Belvoir, Pentagon. Townhouse is located less than a mile from Route 234 (Dumfries Road) which intersects with I95 in another mile or so. Route 234 North goes out towards Manassas and the western end of Prince William County, passing the new FBI building and finally intersecting with I66 for routes West & East of Prince William County.
Available for move-in 12Oct2011, $1950 monthly, pets are allowed on case by case basis with pet deposit. For additional details or to preview the home contact:
Property Tour – Unfurnished Two Level Townhouse on Brookmoor Lane, Woodbridge, VA
This is a rental property located in the Potomac Club Condo community. Rent is $2,000 monthly, available on 15Nov2011, pets allowed on case by case basis with required pet deposit. Community boosts 18,000 sqft clubhouse with indoor/outdoor pools, rock climbing wall, exercise equipment, and meeting rooms.
Walking distance to Potomac Town Center restaurants and stores. Mins from I95, Route 1, Rippon VRE Train Station, Potomac Mills Mall. Close to Fort Belvoir and Quantico military bases.
Realty Times Article – Fall Fixes for the Home
End Unit Townhouse Rental in County Center Community – Woodbridge, VA
Spacious end unit TH,large eat-in kitchen w/gas fireplace, granite countertops, stainless appliances, hardwood, deck off kitchen. Fresh paint and steam cleaned carpets on all 3 levels. Close to shopping and commuter options. Community amenities include tot lot, pool, and fitness room. $2,100 includes lawn maintenance.
Additional details and virtual tour – http://www.postlets.com/rts/4580471
States With Highest, Lowest Property Taxes
Very interesting results…check it out -
REALTOR® Magazine-Daily News-States With Highest, Lowest Property Taxes.
Fannie Mae – New Website for Homeowners
Fannie Mae has a new website that helps to educate and assist homeowners who are struggling with their mortgage payments. The site, KnowYourOptions.com, outlines the choices available and provides guidance on how they can find solutions.
Shop for School – Tax-Free – before School Begins !!
Virginia Sales Tax Holiday is August 6–8
School supplies selling for $20 or less per item and articles of clothing, including footwear, selling for $100 or less per item will be exempt from sales tax during the Virginia Sales Tax Holiday scheduled for Friday, August 6 through Sunday, August 8.
For more information about the Virginia Sales Tax Holiday, go to www.tax.virginia.gov/salestaxholiday.
Fannie Mae Increases Penalties for Borrowers Who Walk Away
News Release
June 23, 2010
Fannie Mae Increases Penalties for Borrowers Who Walk Away
Seven-Year Lockout Policy for Strategic Defaulters
WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure. Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fannie Mae-backed mortgage loan for a period of seven years from the date of foreclosure. Borrowers who have extenuating circumstances may be eligible for new loan in a shorter timeframe.
“We’re taking these steps to highlight the importance of working with your servicer,” said Terence Edwards, executive vice president for credit portfolio management. “Walking away from a mortgage is bad for borrowers and bad for communities and our approach is meant to deter the disturbing trend toward strategic defaulting. On the flip side, borrowers facing hardship who make a good faith effort to resolve their situation with their servicer will preserve the option to be considered for a future Fannie Mae loan in a shorter period of time.”
Fannie Mae will also take legal action to recoup the outstanding mortgage debt from borrowers who strategically default on their loans in jurisdictions that allow for deficiency judgments. In an announcement next month, the company will be instructing its servicers to monitor delinquent loans facing foreclosure and put forth recommendations for cases that warrant the pursuit of deficiency judgments.
Troubled borrowers who work with their servicers, and provide information to help the servicer assess their situation, can be considered for foreclosure alternatives, such as a loan modification, a short sale, or a deed-in-lieu of foreclosure. A borrower with extenuating circumstances who works out one of these options with their servicer could be eligible for a new mortgage loan in three years and in as little as two years depending on the circumstances. These policy changes were announced in April, in Fannie Mae’s Selling Guide Announcement SEL-2010-05.
Buyers Advantage Real Estate Corp., 4004 Genesee Pl., Ste., 113, Woodbridge, VA 22192 - Licensed in Virginia - Call or Text Donna Williams at 571.330.1928