There are a number of reasons that a bank would order a Broker Price Opinion. Some good and some bad, but with Albemarle County being the 4th highest county in Virginia in Preforeclosures they are on the rise.
Our team did 87 BPOs last in July of 2009. Currently for August we are on pace to do over 150 BPOs. This is yet another sign that there is a big wave of foreclosures, REOs and short sales coming to Charlottesville. We are already seeing an increase in Trustee Sales (foreclosure auctions) on the Charlottesville courthouse steps. These are coming, be ready. If you are behind on your payments, call someone for help, even if its only your lender that you call. There are other options that will help save your credit and future.
Rob Alley, Realtor at Keller Williams Charlottesville
540-250-3275 (cell)
roballeyrealtor@gmail.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.charlottesvillevarealestate.blogspot.com
http://www.charlottesvilleshortsale.com
http://www.theaverygroup.com
Wednesday, August 12, 2009
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August
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- Mortgage Market Comment
- Mortgage Market Comment
- Take the sting out of closing costs
- Take the sting out of closing costs
- Redecorating on a budget? - Try Craigslist
- Redecorating on a budget? - Try Craigslist
- Mortgage Bond Comment
- Mortgage Bond Comment
- Mortgage Bond Trend
- Mortgage Bond Trend
- Lock Rates
- Lock Rates
- World’s Most Expensive Streets Fall in Value
- World’s Most Expensive Streets Fall in Value
- Does Foreclosure Cause Depression?
- Does Foreclosure Cause Depression?
- 81% of America thinks their house will not lose va...
- 81% of America thinks their house will not lose va...
- New Home Construction Declines in July
- New Home Construction Declines in July
- New Condo Regulations starting in October
- New Condo Regulations starting in October
- Mortgage Bond Trend
- Mortgage Bond Trend
- Fannie Mae Policy Changes
- Fannie Mae Policy Changes
- Daily market Comment
- Daily market Comment
- Broker Price Opinions in Charlottesville Picking Up
- Broker Price Opinions in Charlottesville Picking Up
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- Alert To Lock
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- Fannie Mae Posts Loss, Freddie Mac Posts Gain
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- Mortgage Rates Charlottesville
- Mortgage Rates Charlottesville
- New Rule for Short Sale Listings in Charlottesville
- New Rule for Short Sale Listings in Charlottesville
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- ALERT TO LOCK INTEREST RATE
- Reg Z Changes
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- Charlottesville Mortgage Rate Watch Upcoming Week
- Charlottesville Mortgage Rate Watch Upcoming Week
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