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Sunday, April 28, 2013

New Henrico Short Sale Listing

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Avoid Foreclosure
Henrico County, Virginia Homes for Sale
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Deb Orth
Keller Williams
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MLS#: 1310813
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3805 Dominion Townes Circle
Richmond, VA
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Description Features Photos Maps & Local Schools
Just Listed

Townhouse, 2-Story - Henrico, VA

$ Click for current price
3 BATHROOMS (3 full)
1452 Square Feet

Townhouse, 2-Story - Henrico, VA 3805 Dominion Townes Cir Cute, Cute, Cute! Perfect 1st time buyer home. April FHA appraised at asking price. This is an adorable, nicely maintained, and decorated, maintenance-free 2 BR town house featuring 2 generously sized bedrooms, Master BR with walk-in closet, master bath, wood flooring on 1st level, galley kitchen, cute breakfast nook/dining area, spacious family room with door to fenced yard with storage shed. Close to I-95 and new White Oak shopping center. Move-in ready and waiting for you!


Saturday, March 9, 2013

Wells Fargo Short Sale Changes for 2013

Understanding your options when you have a Wells Fargo mortgage is critical to your financial future.  Deb Orth, a Richmond, Virginia short sale specialist makes it her priority to be up to date on the various changes or enhancements made  to shortt sale programs by the various lenders.

In an attempt to continually refine the short sale process Wells Fargo has recently made some changes to it's short sale program to help the homeowner and real estate agent get through a more fluid short sale process. 

With a short sale you may have the option to sell your home for less than the amount owed on your mortgage. By doing this, you may be released from your obligation to pay back your primary mortgage under its original terms. And as your mortgage servicer, Wells Fargo Home Mortgage may accept the proceeds of the sale as payment in full. This option can help you avoid a foreclosure sale and may be considered even if the foreclosure process has started.
Depending on your situation, you may be eligible for a short sale through the federal government’s Home Affordable Foreclosure Alternatives program, or through a different program.
As the homeowner, you:
  • Avoid a foreclosure sale — in some cases the foreclosure sale may be postponed once a written, signed offer is received and approved by Wells Fargo Home Mortgage
  • Can live in your home until the new owner closes, giving you time to make other living arrangements
  • May be released from your obligation to repay your mortgage balance

To get the process started, call to discuss a Richmond, Va. short sale with Deb Orth, your Richmond, Virginia short sale specialist.  Deb will consult with her contacts at Wells Fargo to determine what short sale program you may qualify for.    This is what you can expect:
  • You'll provide Wells Fargo with your financial information, explain your situation and why you are unable to make your mortgage payments.
  • Wells Fargo will review your information and determine if your mortgage qualifies for a short sale.
  • If your mortgage qualifies, they work closely with you Deb Orth, your Richmond, Virginia short sale agent  to determine an acceptable sales price and the amount of time you have to list and sell your home. Together, we’ll work through the details and steps to sell your home at an agreed-upon price so you can avoid a foreclosure sale. 
  • If you qualify for their Fast Track program, the amount of financials you have to provide are significantly diminished.
  • Please keep in mind that the buyer of your home may not be anyone you have a close relationship with, including family or friends. This is referred to as an Arms Length transaction.

Under the new servicer guidelines outlined by FHFA (Federal Housing Finance Agency) on November 1, 2012, all servicers, including Wells Fargo, are required to review and respond to all short sale requests within 30 days of receiving a complete short sale package. The servicer is also required to render a final decision within 60 days of short sale application.

For more information on how Deb Orth, your Richmond short sale agent, can help you with a Wells Fargo or any other lender short sale, call Deb at (804) 482-1252.

Tuesday, November 27, 2012

Richmond Short Sale Specialist
What is a real estate short sale in Richmond, Virginia?
A short sale occurs when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.
What does it take to qualify for a Richmond Short sale?
Short Sale Specialist Realtor in RichmondWhile lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a Richmond short sale. 
  1. Negative Equity - The proceeds from the sale of the property, after all closing costs
    are paid, are less than the amount currently owed on the property,
  2. Financial Insolvency - Financial insolvency means that the borrower has no other assets that could cover the deficiency (the difference between what is owed on the property and the proceeds from the sale)
  3. Financial hardship - Financial hardships that are acceptable do vary some from lender to lender, but the most common ones are; divorce or legal separation, loss of employment or reduction in income, job transfer or relocation, incarceration, medical emergencies or major medical expenses, death of a family member, vacant rental properties, damaged property, just to name a few.  Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell. 
Is it possible for me to get money back for completing a short sale?
Until recent times, it was almost unheard of for a home owner to get money back in a short sale.  Things have changed for the better.  The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program.  There are some areas in the country where we have seen home owners get as much as $35,000 back to complete a short sale.
Who will pay the Richmond short sale Realtors® commission?
In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your Richmond short sale specialist as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.
As a Richmond short sale specialist, I have helped many home owners who are in a Short Sale Realtordifficult financial season get a fresh start with a short sale.  Short sales are not part of our "basic training" as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced.  Experience is everything when it comes.  I'll not only market your home in the traditional manner, but will guide you through this transition while simultaneously processing the short sale with your lender.  Visit my website for more information on the short sale process.

Deb Orth, Licensed Virginia REALTOR®
~ Your Richmond Short Sale Specialist Realtor® ~
Keller Williams Realty
6600 West Broad St. Suite 150

Richmond, VA 23230
PHONE: 804 314-4575

Wednesday, July 4, 2012

Do You Qualify for Bank of America $30K Relocation Assistance?

Very important for Bank of America homeowners in Richmond, Virginia considering a short sale: Bank of America is offering an enhanced Relocation Assistance Program in which some sellers could get UP TO $30K in relocation assistance. Richmond, VA. home sellers need to act quickly because the program expires at the end of the year.  Homeowners in Richmond, VA who want to know if they are eligible should contact me for more information.  Follow us for more important short sale updates at

Wednesday, June 27, 2012

Your Ticket to Freedom from Mortgage Frustration

In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, the feeling of helplessness can be overwhelming and frustrating.

Many people don’t realize that just because they are in danger of losing their home to foreclosure doesn’t mean they have to wait around for it to happen. With help, they can take matters into their own hands.


As an agent who has been working with homeowners in distressed circumstances, I make it my business to know all of the ins-and-outs of the options that are available for people who are in danger of losing their homes and help the challenges head-on.

Take a look at the information at Richmond Short Sales and then Contact me today to schedule a free, confidential consultation.

Deb Orth
(804) 314-4575

Monday, May 14, 2012

Since 2007, 8.9 million homes have been lost to foreclosure and millions more are headed in that direction. As a real estate professional who has been working with distressed homeowners for almost 4 years, my mission is to ensure that you or anyone you care about does not add to that statistic. The unfortunate fact is that so many homeowners who have played by the rules and never imagined that they could be facing foreclosure are now in a very tough situation. More than one in four homeowners owes more on their mortgage than their home is worth. On top of that staggering statistic is the fact that millions of homeowners are unemployed, or underemployed and falling further behind every month. Sound familiar? You are not alone. If you feel that you are headed toward foreclosure, or if you are avoiding facing that fact, the sooner you reach out for help, the better your options. If you or someone you care about is ready to tip the scales back toward financial solvency, contact me today and let’s get started. Deb Orth

Saturday, January 28, 2012

It’s a sign of the times!

Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. 

But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll.  Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.

The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty.  And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.

The impact of foreclosure is huge and the sad fact is that it’s often avoidable.

As a real estate professional who has been specializing in helping homeowners in distress, my goal is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.

Among the most important facts to keep in mind: the sooner help is sought, the better the options.

These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.

Deb Orth