Is it worth trying to Modify your Loan?

Loan modification allows homeowners to change the terms of a loan in order to help the borrower stay in the home and avoid foreclosure. So, from this point of view, of course it is worth trying to speak to your lender. What can you achieve: reduction of the interest rate; fixing the rate; extending the time for loan repayment; even decreasing principal and getting rid of the second mortgage altogether. This is all Great! But, you should also know that it will take a lot of time and effort, and patience on your part. Most likely, if your home value has decreased by more than 5%, you are not even eligible.... Talk to the lender. Do not waste time. And do not be late in payments. This is important.

Metro Tweets!

Metro has expanded its use of social networking tools with a new Twitter page where riders can sign up to get information about Metrorail service disruptions. Check it out http://www.wmata.com/about_metro/news/PressReleaseDetail.cfm?ReleaseID=2512

0.5 m of the Metro

There are 14 properties on sale - all within 5 to 10 minutes walk to the Vienna metro station. The price ranges from $270k to $400k for condominiums and $485k to $700k for townhouses. There are also properties for rent - from $1,350/mo to $2,900/mo. Should you have any questions, please call - 703-937-0328.

New listing for sale

A new listing came to the market. This is a condo unit (1 bedroom 1 bath) for $280k. It is a good size unit - about 780 sq.ft and in very good shape. Want to see it? Call me at 703-937-0328.

Rentals - 2 and 3 bedrooms

There are 3 new rentals on the market today: $1,700 and $1,900 a month for 2 bedrooms 2 full baths and $,2900 for a townhouse which has 3 bedrooms and 3 1/2 baths. Altogether there are 23 units for rent today, and only 3 townhouses with a garage.

New listings on the market

There are two new townhouses on the market. The first one (for $690k) is an end unit with a two-car garage; 4 bedrooms and 3 1/2 baths. It was built in 2000.
The second is older (built in 1980) and is priced at about $493k. It has 3 bedrooms and 2 1/2 baths. It is a beautifully updated end unit.
Both townhouses are about 3-5 min walk to the metro. They are both worth looking at. Need help? Call me.