www.MrTidewater.com/ website
www.MrVaBeach.com/ website
My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas
Williamsburg Real Estate Blog II
Williamsburg Happenings/ Events Blog
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[vodpod id=Groupvideo.2227724&w=425&h=350&fv=]
more about “Buying property in a down economy“, posted with vodpod
TODAYs Meredith Vieira talks to real estate expert Barbara Corcoran about investing in a home in this troubled economy.
Thought I would pass this on for anyone considering buying a foreclosure/ Bank Owned Home in the Hampton Roads , Virginia area.
Most of the biggest real estate fortunes were not made in good times, but in bad times like this” Barbara Corcoran reminds us in this talk with NBC.
It’s important perspective for Americans wondering how to invest in foreclosed properties without losing their cash or their credit rating.
In the 4-minute interview, Corcoran quips on the basics and the essentials of foreclosure investing,
- “Everyone who loses their shirt loses it somewhere else.”
- “Every big shark started small.”
- “The house on the corner sets the tone for the block.”
She also lends some personal perspective to rent rolls, the cost of losing a tenant, and finding a good business partner.
Banks are anxious to sell their foreclosed homes and that makes this an ideal time for shrewd real estate investors. If you’re new to the game, watch the video and take good notes.
For detailed up to date list of Bank Owned Foreclosed homes in the Hampton Roads Va area send me an email with Area & Price range John@MrWilliamsburg.com
Click this link to see Stats on Current Foreclosures in Hampton Roads VA
The economic climate has given rise to a cottage industry known as “loan auditors” or “foreclosure rescue firms.” All essentially promise to stop a foreclosure. I want you to be aware of new Virginia law regulating these practices.
Typically, the foreclosure scammer will tell the homeowner that he can negotiate a deal with the lender to save the house, or evaluate the situation to look for loopholes, but the scam artist requires an upfront fee, and then often requires a more substantial fee when things “look promising.”
You can read the rest of the article here lytle-letter-11-17-08
Lytle Law is a general practice law firm located in Newport News, Virginia. From two office locations on the Virginia Peninsula we serve clients and try cases across the Commonwealth including the Peninsula, Newport News, Hampton, Williamsburg, James City and York County areas. Lytle Law has the experience and ability to satisfy nearly all of a client’s legal needs, and where we believe we need help we will either associate appropriate counsel or provide a referral. www.LytleLaw.com
Brian Lytle is the president of Lytle Title www.LytleTitle.com Lytle Title & Escrow, LLC a Virginia licensed, insured, and bonded real estate settlement company doing business as Lytle Title. With offices in Newport News and WIlliamsburg, Virginia, primarily serving the Virginia Peninsula (Hampton, Newport News, York County,Poquoson, James City County and Williamsburg), but we also regularly serve surrounding areas, to include New Kent, West Point, Suffolk, Isle of Wight, Gloucester and the greater Tidewater and Hampton Roads areas of Virginia.
Brian D. Lytle, Esq., Lytle Law, P.C. www.lytlelaw.com Reprinted with permission of the author.
The law may have changed since this article was written and published so caution is advised.
I have posted this article as a local REALTOR living and working in the Williamsburg Va area. I would be happy to assist you in buying or selling a home there. Click this link to search all real estate ,homes, condos town homes ,new and resale currently for sale in New Town/ James City County Williamsburg VA
contact: John Womeldorf/ REALTOR
Liz Moore & Associates
757 254 8136
John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
www.MrHamptonroads.com/ website
www.MrTidewater.com/ website
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Brian, I’ve got a real estate transaction closing where we can’t get the home repairs done in time. What do I do?
Hmmm. I suppose it is too late to fuss about repair timing. Perhaps that wasn’t the agent’s fault anyway (didn’t ask).
The first thing you do not do, and I get asked this quite often, is blithely have the seller write a personal check to the buyer at closing for the cost of the repairs.
You can read the rest of the answer here : lytle-letter-11-10-08
Lytle Law is a general practice law firm located in Newport News, Virginia. From two office locations on the Virginia Peninsula we serve clients and try cases across the Commonwealth including the Peninsula, Newport News, Hampton, Williamsburg, James City and York County areas. Lytle Law has the experience and ability to satisfy nearly all of a client’s legal needs, and where we believe we need help we will either associate appropriate counsel or provide a referral. www.LytleLaw.com
Brian Lytle is the president of Lytle Title www.LytleTitle.com Lytle Title & Escrow, LLC a Virginia licensed, insured, and bonded real estate settlement company doing business as Lytle Title. With offices in Newport News and WIlliamsburg, Virginia, primarily serving the Virginia Peninsula (Hampton, Newport News, York County,Poquoson, James City County and Williamsburg), but we also regularly serve surrounding areas, to include New Kent, West Point, Suffolk, Isle of Wight, Gloucester and the greater Tidewater and Hampton Roads areas of Virginia.
Brian D. Lytle, Esq., Lytle Law, P.C. www.lytlelaw.com Reprinted with permission of the author.
The law may have changed since this article was written and published so caution is advised.
I have posted this article as a local REALTOR living and working in the Williamsburg Va area. I would be happy to assist you in buying or selling a home there. Click this link to search all real estate ,homes, condos town homes ,new and resale currently for sale in New Town/ James City County Williamsburg VA
contact: John Womeldorf/ REALTOR
Liz Moore & Associates
757 254 8136
John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
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THERE ONCE WAS AN AGENT NAMED NO‐BRAINER
WHO IN HASTE FAILED TO DELIVER THE DISCLAIMER
UNTIL AFTER IT WAS ACCEPTED
HAVING HER SELLER REJECTED
WITH NO CHOICE IN THE SUIT BUT TO NAME HER
Anon Tall Lawyer
Your man on the corner continues to hear grumbling about failure to get disclaimers and disclosures to buyers before contract acceptance.
A. The owner of … shall deliver to the purchaser the written disclosures or disclaimer … prior to the acceptance of a real estate purchase contract. … The residential property disclaimer statement or residential property disclosure statement may be included in the real estate purchase contract, in an addendum thereto, or in a separate document. Read the rest of the article here : disclaimers
Lytle Law is a general practice law firm located in Newport News, Virginia. From two office locations on the Virginia Peninsula they serve clients and try cases across the Commonwealth including the Peninsula, Newport News, Hampton, Williamsburg, James City and York County areas. Lytle Law has the experience and ability to satisfy nearly all of a client’s legal needs, and where we believe we need help we will either associate appropriate counsel or provide a referral. www.LytleLaw.com
Brian Lytle is the president of Lytle Title www.LytleTitle.com Lytle Title & Escrow, LLC a Virginia licensed, insured, and bonded real estate settlement company doing business as Lytle Title. With offices in Newport News and WIlliamsburg, Virginia, primarily serving the Virginia Peninsula (Hampton, Newport News, York County,Poquoson, James City County and Williamsburg), but we also regularly serve surrounding areas, to include New Kent, West Point, Suffolk, Isle of Wight, Gloucester and the greater Tidewater and Hampton Roads areas of Virginia.
Brian D. Lytle, Esq., Lytle Law, P.C. www.lytlelaw.com Reprinted with permission of the author. This article was originally published in the Realtor Update , a publication of the Virginia Peninsula Association of Realtors ®
The law may have changed since this article was written and published so caution is advised.
I have posted this article as a local REALTOR living and working in the Williamsburg Va area. I would be happy to assist you in buying or selling a home there.
contact: John Womeldorf/ REALTOR Liz Moore & Associates
757 254 8136 John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
www.MrHamptonroads.com/ website
www.MrTidewater.com/ website
www.MrVaBeach.com/ website
My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas Williamsburg Real Estate Blog II Williamsburg Real Estate Blog Williamsburg Happenings/ Events Blog
Va. Code § 55‐520 provides as follows:
Share on FacebookBrian, can a home buyer waive their rights under the
Virginia Property Owner’s Association Act?
In a word, no. Va. Code § 55-509.4, which sets forth the Act’s
contract disclosure requirements and rights of cancellation, says:
Read the rest of the answer here lytle law-letter-10-27-08
Lytle Law is a general practice law firm located in Newport News, Virginia. From two office locations on the Virginia Peninsula we serve clients and try cases across the Commonwealth including the Peninsula, Newport News, Hampton, Williamsburg, James City and York County areas. Lytle Law has the experience and ability to satisfy nearly all of a client’s legal needs, and where we believe we need help we will either associate appropriate counsel or provide a referral. www.LytleLaw.com
Brian Lytle is the president of Lytle Title www.LytleTitle.com Lytle Title & Escrow, LLC a Virginia licensed, insured, and bonded real estate settlement company doing business as Lytle Title. With offices in Newport News and WIlliamsburg, Virginia, primarily serving the Virginia Peninsula (Hampton, Newport News, York County,Poquoson, James City County and Williamsburg), but we also regularly serve surrounding areas, to include New Kent, West Point, Suffolk, Isle of Wight, Gloucester and the greater Tidewater and Hampton Roads areas of Virginia.
Brian D. Lytle, Esq., Lytle Law, P.C. www.lytlelaw.com Reprinted with permission of the author.
The law may have changed since this article was written and published so caution is advised.
I have posted this article as a local REALTOR living and working in the Williamsburg Va area. I would be happy to assist you in buying or selling a home there. Click this link to search all real estate ,homes, condos town homes ,new and resale currently for sale in New Town/ James City County Williamsburg VA
contact: John Womeldorf/ REALTOR
Liz Moore & Associates
757 254 8136
John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
www.MrTidewater.com/ website
www.MrVaBeach.com/ website
My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas
Williamsburg Real Estate Blog II
Williamsburg Happenings/ Events Blog
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NEW CONSTRUCTION BUILDER WARRANTY PRIMER New home construction builder warranties arise either by implication under Virginia law or by an express provision in the contract between the builder and the buyer. Va. Code § 55 ‐70.1 implies a warranty in most new home sales regardless whether the contract provides a warranty. Under this statute, a builder warrants for one year that its product is free of structural defects, is constructed in a workmanlike manner, and is fit for habitation. Foundations are warranted for five years. Of course, the contract may state a better warranty. It also may waive the implied warranty if done in the manner prescribed by the statute. I would strongly caution an agent against being a party to a contract where a buyer waived all builder warranties. You can read the rest of the article here : lytle-law-article-reprint-builder-warranty-primer
This update is courtesy of Lytle Law a general practice law firm located in Newport News, Virginia. From two office locations on the Virginia Peninsula we serve clients and try cases across the Commonwealth including the Peninsula, Newport News, Hampton, Williamsburg, James City and York County areas. Lytle Law has the experience and ability to satisfy nearly all of a client’s legal needs, and where we believe we need help we will either associate appropriate counsel or provide a referral. www.LytleLaw.com
Brian Lytle is the president of Lytle Title www.LytleTitle.com Lytle Title & Escrow, LLC a Virginia licensed, insured, and bonded real estate settlement company doing business as Lytle Title. With offices in Newport News and WIlliamsburg, Virginia, we primarily serve the Virginia Peninsula (Hampton, Newport News, York County,Poquoson, James City County and Williamsburg), but we also regularly serve surrounding areas, to include New Kent, West Point, Suffolk, Isle of Wight, Gloucester and the greater Tidewater and Hampton Roads areas of Virginia.
Brian D. Lytle, Esq., Lytle Law, P.C. Reprinted with permission of the author. This article was originally published in the Realtor Update , a publication of the Virginia Peninsula Association of Realtors ®
The law may have changed since this article was written and published so caution is advised.
I have posted this article as a local REALTOR living and working in the Williamsburg Va area. I would be happy to assist you in buying or selling a home there. Click this link to search all real estate ,homes, condos town homes ,new and resale currently for sale in New Town/ James City County Williamsburg VA
contact: John Womeldorf/ REALTOR
Liz Moore & Associates
757 254 8136
John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
www.MrHamptonroads.com/ website
www.MrTidewater.com/ website
www.MrVaBeach.com/ website
My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas
Williamsburg Real Estate Blog II
Williamsburg Happenings/ Events Blog
Share on Facebook
Whose House is it Anyway?
Sales are subject to existing leases. And in fact, sales can be subject to oral leases. That is why a seller signs an affidavit at settlement saying there are no such leases and that no one else is in possession of the property at closing.
It is also why the standard contract obligates the seller to deliver possession at closing. Note, however, that these provisions and documents only serve to give the buyer the right to sue the seller; they do not give the buyer the right to remove a tenant in possession of the property pursuant to a lawful lease.
So, if your listing-to-be has a tenant then you need to request copies of any written leases or a summary of any oral lease. You should confirm those facts directly with the tenant.
Moreover, you should disclose the existence of tenants in the MLS and you might need to accept offers subject to the tenants terminating their lease and moving out on or before settlement.
Read the entire article here : l lawarticle-reprint-whose-house-is-it-anyway
Lytle Law is a general practice law firm located in Newport News, Virginia. From two office locations on the Virginia Peninsula we serve clients and try cases across the Commonwealth including the Peninsula, Newport News, Hampton, Williamsburg, James City and York County areas. Lytle Law has the experience and ability to satisfy nearly all of a client’s legal needs, and where we believe we need help we will either associate appropriate counsel or provide a referral. www.LytleLaw.com
Brian Lytle is the president of Lytle Title www.LytleTitle.com Lytle Title & Escrow, LLC a Virginia licensed, insured, and bonded real estate settlement company doing business as Lytle Title. With offices in Newport News and WIlliamsburg, Virginia, we primarily serve the Virginia Peninsula (Hampton, Newport News, York County,Poquoson, James City County and Williamsburg), but we also regularly serve surrounding areas, to include New Kent, West Point, Suffolk, Isle of Wight, Gloucester and the greater Tidewater and Hampton Roads areas of Virginia.
Brian D. Lytle, Esq., Lytle Law, P.C. www.lytlelaw.com Reprinted with permission of the author. This article was originally published in the Realtor Update , a publication of the Virginia Peninsula Association of Realtors ®
The law may have changed since this article was written and published so caution is advised.
I have posted this article as a local REALTOR living and working in the Williamsburg Va area. I would be happy to assist you in buying or selling a home there. Click this link to search all real estate ,homes, condos town homes ,new and resale currently for sale in New Town/ James City County Williamsburg VA
contact: John Womeldorf/ REALTOR
Liz Moore & Associates
757 254 8136
John@MrWilliamsburg.com email
www.MrWilliamsburg.com/ website
www.MrBurg.com website
www.MrHamptonroads.com/ website
www.MrTidewater.com/ website
www.MrVaBeach.com/ website
My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas
Williamsburg Real Estate Blog II
Williamsburg Happenings/ Events Blog
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