If your mortgage is costly and will result in you paying more than your home is worth, something that you may want to consider in the future is a short sale. A short sale prevents foreclosure and helps borrowers avoid paying back the difference between what they owe...
Real Estate Transactions
These 4 alternatives to foreclosure could help you keep your home
If you are struggling with paying your bills, one thing that you may be worried about is foreclosure. If foreclosure is a real and potential problem, the good news is that there are some alternatives to foreclosure that you may be able to access.Before you turn to...
Virginia’s residential property disclosure rules
Buying a house is an important financial step in the life of a family. In addition to being the family's home, a house also often represents a family's most costly, and valuable investment. If it turns out that the house is not in the condition which it appeared to be...
An overview of mechanic’s liens in Virginia
When people in Blacksburg hear about foreclosure, their first thought may be about a family or a business falling behind on their payments to the bank on the loan they took out to buy the real estate. All Virginians, and particularly those who are building or doing...
A few important things to consider in a commercial lease
The Blacksburg area can be a great place to start a business, but one of the keys to doing so successfully is picking out the right location for that new enterprise. After all, even in this day of online shopping and service, most businesses will still need some sort...
Getting a short sale approved
This blog has previously discussed short sales and how they can help Blacksburg, Virginia, homeowners and owners of other property avoid foreclosure and the financial consequences associated therewith.To summarize those previous posts, a short sale is basically a...
What is the role of title insurance in real estate transactions?
Whether one is buying a private home, an investment property or commercial real estate, he or she may notice in the closing paperwork that he or she is spending a few hundred or even a few thousand dollars on title insurance.The idea behind title insurance, like other...
Considering alternatives to foreclosure
For many, living the American dream is the ultimate goal. This essentially means getting a good job, getting married, starting a family and owning a home. Homeownership is not simple feat though. It does not only mean paying a mortgage but any costs associated with...
What are the elements of a short sale?
Purchasing a home or real estate is an exciting time. It means obtaining a family home, a new business or working in the business of flipping homes and buildings. No matter the reason for purchase, though, various steps must be completed in order for this transaction...
Helping you through real estate transactions
Purchasing a home or a business is a major life event. It is not only a costly transaction but also one that will control a person's finances for an extended time frame. Thus, it is not a transaction to enter into lightly. Many steps are necessary when going through...