Ritu Desai- Top Producer Realtor in Northern Virginia

12 Tips that will save you money and a fun way to clean your items ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~  Shine Leather Shoes with Vegetable Oil Original Purpose: Frying up a tasty batter. Aha! Use: Shining leather shoes. Use a damp cloth to wipe away dirt, then ...

I came across this excellent article from one of the blogs I frequent - By Elizabeth Weintraub, on About.com.  It spells out how financial organizations see a short sale and gives some really good advice when you end up working with one of these homes.  Even after reading this article tread very carefully, this could be a potential mine ...

Many of you might be thinking of purchasing a condominium which fit into the FHA mold (great for 1st time buyers / priced under 440K) and need the FHA program - (down payments < 5% or 10%, marginal credit) It is very important that you find out if the condominium is FHA approved.  Please follow the link attached.  You ...

If a house doesn’t sell, owners should consider renting – and hiring a real estate professional to manage the property. Property management company will screen your tenants and you do have a final approval about your tenant. Renting out a house rather than leaving it vacant is almost always a better option, I tell my clients to ...

Home owners beware: Several dangers may lurk in a home. If you’re not careful, they could make you sick. Pillar to Post, a home inspection company, reviews how to spot these dangers in the home and encourages you to contact a home inspector if your home may be at risk for any of these potential dangers. 1. Radon: A colorless, ...

Fannie Mae and Freddie Mac have reached an agreement with New York Attorney General Andrew Cuomo that requires them to have independent appraisals of home values. Under the agreement, home appraisals have to come from assessors who don’t have formal ties with a lender or mortgage broker. Lenders wishing to sell their mortgages to the ...

Yes another great news!!! Fannie Mae, Freddie Mac and FHA have all adopted these new maximum loan limitations. If you have limited equity or a jumbo loan, refinance now and save thousands of dollars! If you are purchasing a property over $417,000, this year you can qualify for conforming rates! To find out the new limits in your area, simply ...

HUD and FHA announced their new max loan limits this morning (March 6th 2008). In almost all of the Washington Metro area our new loan limit is $729,750 (up from $362,250). This is our max FHA loan limit and is good through the end of 2008 when Congress will determine whether to extend or not.We are still anxiously awaiting word from Fannie ...

Given the Virginia Supreme Court’s finding that the Northern Virginia Transportation Authority (NVTA) cannot impose taxes, we will all be receiving questions about the additional grantor's taxes that have been paid to the Authority. Northern Virginia Association of Realtors has communicated with local clerks of the court regarding ...

Getting a windfall and using it to pay off the mortgage sounds like it should reduce the monthly amount owed, but often it doesn’t. Fixed-rate mortgage holders who pay off a big chunk of their mortgage are likely to shorten the payoff period, but the infusion of cash probably won’t reduce at all the amount they owe monthly. Holders ...