Ritu Desai- Top Producer Realtor in Northern Virginia

If a house is being foreclosed, the homeowner says goodbye to a burdensome mortgage payment, but that's the not end of his problems.  He still needs to find another place to live, put down the deposits there, and pay to move - a big outlay of money that could exceed a mortgage payment.  From the lender's position, dealing with ...

There are lots of people out there willing to victimize people in financial difficulty--especially when their troubles become part of public record. Beware of offers involving signing over your deed to someone else who promises to sell your home for you--whether they do or not, you'll still be responsible for the mortgage. Also, investigate ...

The U.S. House of Representatives voted on Thursday to get rid of a tax burden for home owners who have had a loan forgiven or foreclosed on their home because they were unable to make their mortgage payments. Its called the Mortgage Cancellation Tax Relief Act. The current tax code requires a lender who forgives debt to provide a Form 1099 to ...

With increasing number of foreclosure, bank owned homes you may run into the following terms while searching for your dream home. Here are the top ones with their definition.There tend to be three stages in foreclosure process. These periods are known as preforeclosures, auctions, and REOs.  Pre-Foreclosure: term used by agents or sellers ...

You're not alone if you're having trouble paying your mortgage. The housing boom led to a record homeownership rate of nearly 70 percent, but some homeowners now face problems making their mortgage payments and can't refinance their loans. This brochure will help you understand your options and give you tips on how to avoid losing your ...