Pat's Blog

So, one of my client's called yesterday to inform that he was behind in his mortgage and had, that day, received the "Notice of Sale."  He was in tears, asking me what he should do. Evidently, he's lost his job, had health issues necessitating surgery and hasn't paid his mortgage in seven months....

So . . . I'm watching the news this morning, and the Anchor announces that prices are down 14% and that most who purchased their homes post-2005 have lost money ~ their homes are no longer worth the money they borrowed to purchase the property. Often, very often, I'm asked if now is a good time t...

Washington, DC AGENTS ~ are you up to date on the DC Abandoned/Vacant Property Tax Rates?  DC is charging $5 for each $100 of assessed value if your (or your clients) home is labeled vacant!  And, according to GCAAR President Dennis Melby, this tax increases to $10 in the very near future.  This ...

 What I've Learned in this Fluctuating Residential Real Estate Market In 2003-2005, our clients could be considered "Warriors."  Many intended to purchase a property at any and all costs.  Pricing sometimes went more than $100,000 over asking price; appraisal and inspection contingencies were rem...