Foreclosures & Short Sales

Savvy Bargains

Below are the current listings that are either foreclosures or short sales as listed in the MRIS database. I have sorted the list into geographic areas. Remember, these are dynamic links, therefore it will be noted if the property has gotten a contract or the status changes. These links are good for 30 days.

If you'd like to see any of these properties, just let me know.

Arlington & Alexandria

Alexandria in Fairfax County

Falls Church

Springfield & Burke

McLean, Vienna, & Oakton

Note: This list includes all listings from MRIS subscribers- not just Long & Foster. All information is believed to be accurate, but should not be relied upon without verification.

Foreclosure & Short Sale Listings

Savvy bargains

Below are the current listings that are either foreclosures or short sales as listed in the MRIS database. I have sorted the list into geographic areas, sort of. Please remember these are dynamic links, therefore it will be noted if the property has gotten a contract. These links are good for 30 days. If there is interest, I can certainly do other areas or update this list again mid-January.

If you'd like to see any of these properties, just let me know.

Arlington & Alexandria

Alexandria in Fairfax County

Falls Church

Springfield & Burke

Mclean, Vienna, and Oakton

Note: This list includes all listings from MRIS subscribers- not just Long & Foster. All information is believed to be accurate, but should not be relied upon without verification.

Critical Thinking v. Herd Mentality

Who are you listening to?

Robert Ashby's recent post
Who's Advice Do You Take When Getting a Mortgage,

Let’s face it, it is easy to give a 30-year fixed rate mortgage to anyone these days because that is what the borrowers have been told is the best thing for them right now (just read the news).

But is it really? Believe it or not, the Option ARM, yes those dreaded, "evil" loan programs that place homeowners in foreclosure while making mortgage brokers rich, are actually the best solution in a "perfect world". But alas, we are not in a perfect world. As Americans, we tend to do things we shouldn’t, such as use our house as an ATM machine.

How are we to find the best mortgage program for ourselves? Friends, family, Realtors, mortgage brokers? Not likely. We are really on our own if we want to find the best solution. We must do our own research and find the "advisor" that will help us determine the best solution.

Now, be careful as you decide though. Asch’s Conformity Experiment can prove deadly in your decision making process. You see, that experiment proves that while you clearly know the correct answer, being surrounded by those answering incorrectly may lead you to answer incorrectly as well.

Do you seek out the opinions of skilled professionals who have a solid understanding of your specific situation? Option ARM's you say? Well I'd never... remember he said "in a perfect world." Critical listening & thought - it matters when you seek mortgage advice just as much as when you listen to the 11 o'clock news!

This herd mentality carries into other areas too, for example, "now's a bad time to buy" or "I'd never buy a condo". Both of these examples may be true for the 'Madding Crowd", but not everyone. As Ashe discovered, it only takes one dissenting view for critical reasoning to prevail. Everyones situation is unique, their needs, wants, & goals unique. Sadly the current thought is "don't buy, values are still plummeting" while savvy investors are grabbing this down market opportunity - the classic buy low, sell high still holds true.

Applying a critical thought processes to the mortgage & real estate market, just might lead you to an unexpected conclusion. As Ashley notes, "The best solution may be the complete opposite of what you are currently thinking."

Opportunity Awaits

Investors know this - buy low, sell high! Why are so many home buyers still sitting on the fence?

With all the gloom & doom news out there it's easy to lean toward one track thinking, but

the winners of tomorrow seize today's opportunities!

With the Mid-Atlantic bucking the current real estate trend and the DC Metro area especially insulated, find out why waiting could be more costly than you think.

Read entire post
http://mysite.verizon.net/resykomc/thesavvyrealtor/id3.html