RECENT BLOG POSTS
 A recent study in Nevada (a state that holds the nation's highest foreclosure rate), found that only 5% of distressed homeowners knew they had alternatives to foreclosure, and only 3% took advantage of them. It was also found the 1 in 4 homeowners chose to "strategically default," or allow their...
05/14/2011
Mortgage Relief Fraud: Will You Be the Next Victim?   Not if I have anything to say about it! The FBI reported a jump of 71% in mortgage relief fraud investigations from 2008-2009, and expects this number to have grown in 2010.  That's why it's my duty to educate homeowners in my community on the...
04/06/2011
3 Reasons the Term "Strategic Default" Is Misleading In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider "strategic default"-another term for walking away from your mortgage-if they were underwater (owed more on their home th...
03/08/2011
FHA is changing the MIP on loans effective October 4, 2010.  The monthly fees are going to make a large jump.  For example, if you have a $200,000 loan your monthly payments will go up about $60.00 a month. If you are working on getting a FHA loan your loan officer needs to register your loan no ...
09/14/2010
Fannie Mae says it will get tough on borrowers who engage in "strategic defaults," or walk away from a home that's worth less than what's owed on the mortgage even if they can afford to keep making their payments. Fannie Mae said that it will not only refuse to guarantee another loan for seven ye...
07/13/2010
The city of Chesapeake will come out and spray for mosquitos at no charge to the residents.  Residents just have to call the Mosquito Control Commission which will send a worker over usually the same day. There are two companies that are charging homeowners $550-$650 to spray for mosquitos for a ...
06/28/2010
Chesapeake City Council voted no to a free standing Emergency Room in the Greenbrier area.  The Emergency room was going to be built by Sentara.  The city council looked at the big picture and if it was really needed that close to Chesapeake Regional Medical Center.  It would be 2 1/2 miles away....
06/10/2010
Not only should sellers interview Realtors, they should interview at least three stagers to get a broader picture of which It is becoming more common for consumers to hire a home stager when they put their homes up for sale, Not only kind of merchandising is appropriate for their homes. Stagers s...
05/06/2010
If you are a first time buyer that has been wanting to buy a home do it now.  The $8,000 tax credit will expire on April 30, 2010.  You have to have a contract written by that date.  You have until June 30, 2010 to close on the home.  Interest rates are still very low. Do not delay buying your ne...
03/27/2010
Chesapeake city council is unwilling to spend $350,000 to study the plan to extend light rail into Chesapeake.  They have also postponed the plan to seek $1.4 million in federal money.  Chesapeake leaders were told that they would need to come up with the non-federal funds before applying for fed...
02/27/2010
Rainmaker
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DeniseAllen

Realtor@ Chesapeake, Hampton Roads
local_phone(757) 619-0755
smartphone(757) 619-0755
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