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Old 11-09-2010, 07:04 AM
Location: Chapel Hill, NC, formerly DC and Phila
8,555 posts, read 12,620,837 times
Reputation: 8315


Great rate!

Originally Posted by oneasterisk View Post
According to my mortgage broker, the short sales would not affect my appraisal. He said the appraisal would only look at short sales that actually closed, not the ones that were for sale or even under contract.

I just had an appraisal done last week and I was worried about two short sales on my street. They were both "under contract" and I found the listings. One was 170k and the other 180k. I needed my house to appraise for at least 210k so I could refi. I was happily surprised when it appraised for 230k

Now last year my very next door neighbor finally sold under foreclosure for 165k and a few houses down also sold for around 175k. I'm sure those brought down my appraised value. Oh well, I'm getting 3.875% on a 15yr loan so I'm happy with that
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Old 11-09-2010, 07:17 AM
Location: Afghanistan
159 posts, read 237,276 times
Reputation: 197

I live just outside of Manassas about 3 miles away in Bristow. My developments name is Sheffield Manor. The dues are only $45 per month and we have a great swimming pool for the kids plus tennis courts and basketball courts. To tell you the truth there are not at all that many foreclosures in our area. I haven't seen those signs at all. The develpment is right off Devlin road. There are houses for sale now here.
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