Foreclosures 
Carolyn Capalbo writes about the Northern Virginia Real estate market and what the high number of foreclosures, REO properties and short sales mean to buyers and sellers in the area.
There are currently 5 blog entries related to this category.
What is a Certified Distressed Property Expert?
Tuesday, December 22nd, 2009 at 10:29am. 735 Views, 1 Comments.
My recent certification as a Certified Distressed Property Expert gives me added insight into foreclosure avoidance and short sales. My extensive training in short sales will help direct homeowners to much better alternatives to foreclosure. Please see below for the public service announcement for more details.
FOR RELEASE: IMMEDIATE
DATE: DEC 21, 2009
CAROLYN CAPALBO EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Carolyn Capalbo of Keller Williams Realty of Manassas, VA has earned the prestigious Certified Distressed Property Expert (CDPE) designation having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed”…
One Million New Foreclosures Filed in 2009
Monday, June 1st, 2009 at 7:51pm. 437 Views, 0 Comments.
That's an alarming number. What does this mean to me and my neighborhood? While this is a national number, this could impact our local communities greatly. With over 12% of all mortgages in the US currently delinquent, and foreclosures are happening at a rate of one every 13 seconds, homeowners need to be concerned about another potential shift in market values. In our area of Northern Virginia, we have seen a recent shift from a Buyer's market to a Seller's market. Multiple offers and escalating prices have dominated our marketplace over the past 90 days. Will an increase in foreclosure inventory be met with an available, ready, willing and able Buyer Pool? That is the question. Let me know what you…
Hey Buyers - This is your Market
Friday, January 25th, 2008 at 8:02pm. 589 Views, 0 Comments.
Buy, Sell or Hold?
Friday, January 18th, 2008 at 5:50pm. 465 Views, 0 Comments.
The current Manassas Real Estate market is challenging and it's hard to know whether it's time to buy, sell, or hold your property. There are large numbers of homes in foreclosure and property values are under pressure. We've experienced at least a 20% decline in property values since 2006, and we continue to experience price uncertainty. Many homeowners and investors are asking some tough questions
- What's happening in this market?
- How long will it last?
- What is this Financial Crisis or Credit Crunch and how does it impact me?
- How is this market and the Financial Crisis impacting my property values?
- Is it time to unload my property and SELL NOW?
- Is it time to look for other investments, elsewhere? …
Year of the Short Sale
Tuesday, January 8th, 2008 at 4:13pm. 486 Views, 0 Comments.
Here’s wishing everyone a prosperous 2008. 2007 was yet another volatile year for Northern Virginia real estate. Foreclosures and pre-foreclosure inventory has soared and continues to rise. I anticipate additional foreclosure activity as adjustable rate mortgages reset in record numbers.
Western Prince William County experienced record growth in 2005 and 2006, many of these homeowners purchased these homes with adjustable rate mortgage products. As these mortgages adjust and reset, many homeowners are finding themselves unable to afford the increased payment. They may be unable to sell through normal channels due to the decline in market values. Pre-foreclosure options may include loan refinancing, loan renegotiation, or short sale possibilities.
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