The Realty Geeks Team-we care!

Foreclosures drop in D.C. and Northern Virginia Home foreclosures dropped in the majority of the Washington, D.C. area and across the country, from January to February. The one-month decrease comes at the start of the spring season, when real estate activity tends to pick up. The number of properties with foreclosure filings fell 32.5 percent in ...

Wall Street Journal did an analysis of some 1,000 properties, those for that Zillow has "estimate" and then they were sold. The analysis shows Zillow has been off on average by 7%, which is not very bad for a computer software that never visits a house for which it estimates the price. However, what is problematic is the fact that it has ...

Click here for the original story. I did not see houses on this list.

Here is the story from San Francisco Mirror.

The idea of Option ARM is to give borrower the option to defer the interest payable to lender on the money borrowed, till assets exceed the debts. The Option ARMs have start rate (sometimes called teaser rate) that is very low, sometimes as low as 1%, while the general market rate for ARMs is, say 6%. So, how come a lender gives you money at 1%? ...

CNN aired "How to Rob a Bank" on this weekend, and I think it is a must watch. Well, what is something like this doing in a real estate blog? Here are my reasons -  1. There was a section where people moved (either after selling or after lease was over) and still kept getting mail at their previous address, simply because they ...

1. If you already have high speed Internet, dump your traditional land line phone where you are paying $30+ for basic service with no features, and sign up for Internet phone (VOIP). SunRocket offers VOIP service for $200 a YEAR plus a three month free. In all, it comes down to $13 per month! That would save you over $200 in one year. Of course ...

Any Realtor that you work with would tell you this, "when you write an offer on a house, a mortgage pre-approval letter in your hands makes the seller feel comfortable". Generally, a Realtor would politely refuse to work with you, because (s)he thinks that you are either not serious or not capable. So, you talk to the first loan officer ...

A recent study by Wharton real estate professors Peter Linneman and Albert Saiz, "Forcasting 2020 U.S. Country and MSA Populations", predicts the greatest future growth in places that are sunny and bright. Their findings indicate that people are leaving cold and damp areas for sunny places. Most of the drop is expected to occur (if ...

Like kind exchange process has very strict time limits, and if the investor does not think strategically about the whole process, the exchange can fail, thus making the investor liable for large capital gain taxes. Here is what I have learned over the years as to what seasoned investors advice to do- 1. Don't wait for the closing of the ...