Beautiful home in Lake Manassas with view of 2nd hole tee box ! Granite counters, Stainless Appliances, Eat-in  Kitchen with Plasma TV, Bookcase & Master Suite armoire with TV convey, Luxury Master Suite, Finished Lower Level with HUGE Rec Room, 4th BR, 2nd Kitchen, 3 Car Garage, Premier Gated Golf Community, Great Views From  Deck!

If you or someone you know is thinking of selling -or- buying a home, who would appreciate the kind of service I offer, I’d LOVE to help them. So, as these people come to mind, just contact me with their name and number. I’ll be happy to follow up and tend to their needs.

When It’s SOLD In Lake Manassas, The Butler Did It!

GORGEOUS Home in SUPERB GATED Community * Backs to TREES & GOLF COURSE * FANTASTIC Layout w/6,000 Finished Sq Ft of CASUAL ELEGANCE * PRISTINE Condition Thru-out & LOADED w/UPGRADES * SPACIOUS Gourmet Kitchen w/Granite & Stainless * SUNKEN Family Room w/2-Sided Gas FPL * HUGE Master Suite w/Sitting Room & Luxury Bath * GREAT Lower Level w/Wet Bar, Bedroom, Full Bath, Workshop & Storage * Trex Deck.

If you or someone you know is thinking of selling -or- buying a home, who would appreciate the kind of service I offer, I’d LOVE to help them. So, as these people come to mind, just contact me with their name and number. I’ll be happy to follow up and tend to their needs.

When It’s SOLD In Lake Manassas, The Butler Did It!

As a Member of the Top 5 in Real Estate Network(R), I have consulted with many clients faced with a distressed property situation. The good news is HAFA is designed to simplify and streamline the use of short sales and deeds-in-lieu of foreclosure by improving the process.

Here’s how:

• Help homeowners who are HAMP eligible but nevertheless unable to keep their home
• Use financial and hardship information already collected in connection with consideration of a loan modification
• Allow borrowers to receive pre-approved short sales terms before listing the property
  • Require borrowers to be fully released from future liability for the first mortgage debt and if the subordinate lien holder receives an incentive under HAFA, that debt as well
• Use standard processes, documents, and timeframes/deadlines
• Provide financial incentives: $1,500 for borrower relocation assistance; $1,000 for servicers to cover administrative and processing costs; and up to a $1,000 match for investors for allowing a total of up to $3,000 in short sale proceeds to be distributed to subordinate lien holders

To be eligible for HAFA, homeowners must meet the basic eligibility criteria for HAMP:

• The home must be your principal residence
• The first lien must have originated before 2009
• Mortgage delinquent or default is reasonably foreseeable
• The unpaid principal balance cannot exceed $729,750 (higher limits for 2- to 4-unit dwellings).
• The borrower’s total monthly payment exceeds 31% of gross income

Under HAFA, the forgiven debt due to a short sale will not be taxed if the amount of forgiven debt does not exceed the debt that was used to acquire, construct, or rehabilitate a principal residence. Check with your tax advisor. Please also know that while the debt will be forgiven, the short sale will be reported to credit agencies and have some degree of negative impact on your credit. Short sale agreements must be executed and returned no later than December 31, 2012.

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When It’s SOLD In Lake Manassas, The Butler Did It!



We’ll find out what those changes are later this week (the specific date wasn’t available at press time). Meantime, our friends at NAR have been discussing the issue, and say they expect changes in several areas. For example, they suggested improving FHA loan quality by, among other things, increasing ‘upfront cash’ that a borrower has to bring to the table, eliminating the ability to finance the upfront premium, increasing the cash investment required above 3.5%, and imposing a loan-to-value maximum ratio based on FICO score.

There’s a lot more to it, and you can read the details of what NAR had to say on VARbuzz.

Bottom line:

FHA will be transformed over the next few years. The changes outlined above are the beginning of the process with additional changes expected during the tenure of FHA Commissioner Dave Stevens. Going forward, FHA will continually evaluate programmatic changes and will likely withdraw them when the capital ratio returns above 2 percent. However, it is unlikely FHA will relax risk management and lender monitoring enhancements.

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When It’s SOLD In Lake Manassas, The Butler Did It!



4 bedrooms, 3.5 baths, Fully Finished Basement – Located in sought after gated golf community of Lake Manassas. This property shows well and is in good condition. Hardwoods on main level, granite & stainless steel appliances in kitchen, new carpet, paint and fixtures more! You don’t want to overlook this one!

Brokered by: Jobin Realty

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When It’s SOLD In Lake Manassas, The Butler Did It!



H U G E! Shows well and is great condition. Gorgeous gourmet kitchen with upgrades galore! Impressive Master suite with sitting room, two custom walk-in closets, luxury bath. Hardwoods and custom tile floors on all three levels. Fully finished walkout basement boasts rec-room with wet bar, media room, two bedooms and a full bath. Definitely a MUST SEE!

Brokered by: Long and Foster

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When It’s SOLD In Lake Manassas, The Butler Did It!



15842 Spyglass Hill Loop Gainesville, VA

Offered For Sale At: $1,325,000

MLS Comments:

STUNNING CUSTOM Home in Gated Golf Community of LAKE MANASSAS * PREMIUM Lot overlooks Golf Course & Trees with Lake Views * GRAND Entrance with Fountain & Circular Drive * QUALITY Craftsmanship with EVERY Upgrade Imaginable * SMASHING Gourmet Kitchen leads to LARGE Flagstone Terrace * GORGEOUS Master Suite with LAVISH Bath * INCREDIBLE Lower Level with Wet Bar, Stone Fireplace, SPA Bath, Steam Room & Sauna * Walk-out to COVERED LANAI *

(Click On A Photo Below To Expand View)

Brokered by: RE/MAX Gateway

Selling A Home In Lake Manassas? Click Here

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When It’s SOLD In Lake Manassas, The Butler Did It!

]]> http://lakemanassas.wordpress.com/2010/01/13/gainesville-virginia-real-estate-homes-for-sale-in-lake-manassas/feed/ 0 Ed Butler Exterior Front Entry Foyer Formal Living Room Formal Dining Room Gourmet Kitchen Golf Course Views Exterior Rear Realtor Member of MLS Equal Housing Opportunity http://lakemanassas.wordpress.com/2009/11/02/gainesville-real-estate-lake-manassas-real-estate-top-3-real-estate-mortgage-scams-what-you-need-to-know/ http://lakemanassas.wordpress.com/2009/11/02/gainesville-real-estate-lake-manassas-real-estate-top-3-real-estate-mortgage-scams-what-you-need-to-know/#comments Mon, 02 Nov 2009 15:29:39 +0000 Ed Butler http://lakemanassas.wordpress.com/?p=77 ]]>

RISMEDIA, November 2, 2009—Being a homeowner is one of the biggest dreams for the American people. Due to record numbers of homeownership and cheap mortgage rates, individuals who did not own a home previously are now looking for mortgages for financing their ambitions. On certain occasions, the dream of homeownership is associated with a cost that exceeds the mortgage.

For finding out how much your mortgage is going to cost you, a loan mortgage calculator often works as a user-friendly tool. Nevertheless, this tool can’t save you all the time. Similar to other forms of investment, real estate mortgage loans are also subject to scams. Mortgage frauds and scams can make you lose thousands of dollars on interest as a minimum because of excessive fees and other hidden costs. The worst that can happen is that you can lose your home to foreclosure.

According to industry professionals, there are three principal or familiar types of real estate fraud:

1. Identity theft via mortgage request
2. Bait and switch
3. Loan flipping

For preventing scams, it has been witnessed that offense is the best defense. Understand the truth and don’t hesitate to make queries.

Bait and switch is a fraudulent sales technique where a loan product is publicized at a lucrative rate (bait). However, the product or rate is subsequently changed for the gain of the lender (switch). This is an utterly illegitimate and deceitful practice. For instance, one interest rate is assured at the time of selling a loan, but a bigger rate is provided at the time of closing.

When you’re obtaining a pre-approval or mortgage quote, you believe that your question with the lender is secret, right? You’re wrong. On many occasions, important financial details about you and your mortgage requirements are hacked by vying lenders. This can happen within 24 hours of your credit bureau inquiry. Your loan officer is even unaware of this. Many firms provide countrywide accessibility to your financial details to the lenders and everybody in your city who requested for a mortgage within the last 24 hours. Any other lender can talk to these individuals the following day and give them a pre-approval for an improved mortgage loan.

One more dilemma is mortgage solicitation through telephone, the Internet or door to door. These scams involve filling in an application through fax, the Internet or over the telephone and often the rates are phony. However, it is not the largest issue to be bothered about–it is nothing but identity theft. Even though the rates are legitimate, the company would get all your important details such as your social security number that can result in mortgage scam or identity theft.

Another type of mortgage scam that is prevalent in the real estate industry is loan flipping. Loan flipping denotes frequent refinancing of a mortgage within a small time frame with very small gains to the borrower. It takes place when a borrower can’t keep up with the planned payments or constantly combines other unsecured loans into a new secured loan at the request of a lender. Lenders flipping loans ask for too much origination fee with every consecutive refinancing. They might ask for these fees on the basis of the whole loan amount, not only on the increased amount summed up with the loan principal through refinancing. In addition, every refinancing might attract prepayment penalties that can be funded as a portion of the overall loan amount, accumulating the debt of the borrower.

If you’re buying a home, looking for a home equity loan or considering a mortgage refinance, it is better to work with a trustworthy lender. You must shop around and do some homework to get the best offers. Try to stay away from furnishing any details until you’re confident that the company or individual you’re talking to is right for you.

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When It’s SOLD, The Butler Did It!

While there are many different variables that contribute to selling a home, during the course of my real estate career, I have witnessed one constant: the kitchen.

Today, the kitchen has become more of a multi-functional space than ever before, where cooking happens alongside bill paying and homework, not to mention the kitchen’s role as social hub for family and friends. That’s why it’s more important than ever to buyers and sellers alike that this key room be fresh and inviting.

While home improvement experts report that kitchen remodels provide anywhere from an 80-100% return on investment, based on my years of experience working with homeowners, I have found that just by updating certain aspects, the entire look and feel of the kitchen can be refreshed and modernized—and your home’s value increased in the process.

As design expert Melissa Birdsong, vice president for Trend, Design & Brand at Lowe’s Companies, Inc. (www.lowes.com), says, if the kitchen is outdated and tired, the whole house can feel that way; a few simple updates can make all the difference in getting the green light on the buying decision. So whether you want to update your kitchen for your own lifestyle enhancement or to help move it off the market, try these tips from Birdsong:

1. Color and light are the easiest, most cost-efficient elements to add personality and ambience to the kitchen. Use your vegetable bin and spice cabinet for inspiration! A scheme of natural greens, yellows, mustards and russets washed with dimmable overhead and under-cabinet lighting can add energy as well as create a level of calm.

2. If the existing cabinets are sturdy but the finish is sending out a distress signal, a well-executed paint job can turn it around. Mismatched appliances and worn flooring are other leading visual cues, so if the budget permits, replace them.

3. Last but not least, add sparkle and a new point of view to the kitchen by replacing the metals palette–cabinet hardware, faucet, lighting and outlet covers. A few thoughtfully chosen, simple finish updates can seal the deal.

As a Member of the Top 5 in Real Estate Network(R), I have access to more great ideas for improving your kitchen as well as all areas of your home…both for your own lifestyle enjoyment and to increase your home’s value. Please contact me to discuss other ways to improve your home’s value and please forward this email to your social network who may also find it helpful.

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When It’s SOLD, The Butler Did It!

Gainesville Real Estate Lake Manassas

• Homes for sale in Lake Manassas currently range in price from $499,900 – $1,375,000.
• There are currently 10 homes for sale in Lake Manassas.
• No homes for sale in Lake Manassas received & ratified contracts this week.
• No homes for sale in Lake Manassas were “Sold & Settled” this week.

We specialize in Creatively Marketing and Selling Residential Real Estate in Lake Manassas. We provide professional and discreet Real Estate service to meet your needs and maintain your privacy simultaneously. Our Lake Manassas Real Estate experience and our Luxury Homes Marketing & Distressed Properties expertise will alleviate the concerns that can occur during a real estate transaction.

CLICK HERE TO SEE OUR LAKE MANASSAS HOMES FOR SALE

“When It’s SOLD In Lake Manassas, The Butler Did It!”