Wendy Powers's (wpowers) Blog

There are a lot of local and state programs available to people who live in Fairfax County and Loudoun County.  Trying to get low downpayment, low cost loans, and no MIP - local/state is the answer.  There are so many programs based on positions, incomes, and disabilities..  The loans can help a ...

Maryland State Housing just release a new program for homebuyers where they will provide closing support and a list of hundreds of employers will match it.  This is really a good idea for motivating people to purchase or upgrade homes in Maryland.  The program provides loans up the FHA limits for...

Not clear about the new HUD Home Process.  THere are 3 different types of HUD properties found on hudhomestore.com.  The types are insurable, insurable with escrow, and uninsurable.  The insurable and insurable with escrow have a 30 day home owner occupant bid period which starts daily bidding af...

Recently I have noticed an increase demand for buying acreage with old homes in Oak HIll and Herndon VA.  It appears lots from 600-900K transform into new home lots from 1.4-1.8K.  Some lots have changed from 1 home on 2 acres to 1 home on 1 acre which opens the area for subdividing and much more...

There are many different communities in Loudoun County = some with golf courses like Belmont Country Club and some with hiking, kayaking like Lansdowne.  Both communities have nice amenities but the golf course community HOA includes mowing the lawn.  Some people find that important as well as th...

Ashburn, Virginia foreclosures were very low compared to some surrounding counties in the area.  Short sales are still very common.  Lots of new builders near Route 15 and Evergreen Mill continue to expand and offer homes.  If you are interested in a home tour of the area, let me know.  Ashburn, ...

There are a lot of properties in Mclean that are at least 40+ years old.  Lots of builders know this and are buying them up before they hit the market or right when they hit the market.  They then can build large homes on them and sell for a $400-$500K profit.    These prices depend on the subdiv...

For sometime, the government stopped foreclosures from happening.  So, inventory became lower and it has caused a buyer frenzy on homes because the demand is higher than the supply.  Buyers are now buying new construction homes and short sales without delay.  The past two years of REOs/foreclosur...

I have been asked so many times - where can I find foreclosures and short sales.  To find foreclosures, some of the best places are the Asset Managers websites such as res.net and reotrans.com.  For short sales, the best place locally is the MLS - Realtor.com.   Foreclosures are the highest in an...