The FHA Flip Rule is extended until December 31st, 2012. This is excellent news for first time home buyers, sellers, and especially investors. "Flipping" the practice of buying, renovating, and re-selling property at a significant profit was discouraged by FHA. However, in the current climate the...

12/30/2011

Buying A Home After Short Sale?

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Last year your Woodbridge Mortgage Lender wrote a blog, "Can I Buy A Home Immediately After Short Sale?" (That blog had over 7,000 page views and clicks) In today's market of short sales, foreclosures and everything in between, the question is still being asked quite frequently "How long after a...

12/10/2011

What If We Say Goodbye to The Mortgage Interest Deduction?

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This morning I read an article at www.Kiplingers.com titled "Finally, a Bottom for Home Prices" by Jerome Idaszak. In the article the authors states "home prices will continue to bottom into the spring 2012 and recover the lost ground by the end of the year." This is a very interesting take and I...

12/07/2011

Rent to Own? The Good, Bad, and Ugly

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Last week, I received an email from a possible first time buyer in Woodbridge, Virginia with credit issues. Her question was "Is rent to own a good option while restoring credit?" I share my answer in this week's video tip by your Woodbridge Mortgage Lender. If unable to view the video click...

12/06/2011