Illegal House Flipping

Homes along White Oak Bayou in Houston“Flipping” a home is when you purchase property as an asset then quickly re-sell it for a profit. There are different types of flipping. Generally, flipping is legal. However, there has been an increase in illegal flipping. This is when a recently purchased property is re-sold for an inflated value. Usually only small cosmetic improvements have been made before re-selling it. This scheme involves the appraiser, a mortgage originator and the closing agent. The real estate appraiser is the key player, because for this scheme to work the property has to be appraised for more than it is worth.

The Uniform Standards of Professional Appraisal Practice governs real estate appraisers. If you suspect a flipping scheme you can contact them before making any real estate decisions.

photo credit: (Bill and Mavis) – B&M Photography

Belmont Bay Neighborhood, Catering to Luxurious Living in Prince William County VA

Here’s a map of homes for sale at Belmont Bay.

The Condominiums of Belmont Bay is conveniently accessible to the VRE Station, the Woodbridge Park and Ride including Fort Belvoir, Pentagon and Quantico.

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Condos for Sale at Williamsburg Condominiums

Williamsburg Condominiums is located at 1276 North Wayne Street, Arlington, VA 22201-5848

Map of Williamsburg Condos

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What is Appraisal Fraud?

Appraisal Fraud involves the appraiser of a house or commercial real estate, the broker, loan officer and sometimes the lender. This is when the numbers are fixed so the real estate looks as if it is worth more than it truly is. This is usually done so the broker or loan officer can close on a larger loan and make a bigger commission. Other reasons this is done is to get a lower price on a foreclosed home or to get a lender to decrease the amount owed in a loan modification.

Any way you look at it this practice is wrong and illegal. Most appraisers, lenders, brokers, and loan officers are honest people.

For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
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Ways to Make Homes with Stairs Safer

As large numbers of people age, an increasing percentage finds stairs a challenge.

Bucknell
Bucknell Manor stairway.

Housing safety experts say climbing stairs can be good exercise for older people, but the stairs should be safe. Among the things that need to be done to increase the safety factor are:

  • Add lighting at both the top and the bottom.
  • Put stair railings on both sides.
  • Make sure it is easy to see individual treads by adding visual contrast.
  • Consider an elevator or a lift.
  • Consider remodeling in order to live on one floor only.

Source: Washington Post, Maryann Haggerty (08/14/2010)

Living Near Golf Courses In Northern Virginia

In the past, we would think that living near golf courses or rather just playing golf would be for the retired, business men or the elderly. But in our world today, golf courses are enjoyed by not only the retirees, older couples or active adults, but by young couples, singles and families with children. As a matter of fact, this all depends on the personality of the person who can enjoy a nature filled playing environment with a relaxed scenario and a challenging game.

Those living in golf course communities can tell you the benefits they get from having a golf course as their front or back yard. They can hit the course whenever they want without having to travel or relax with a quiet game right after work. Such communities are now expanding adding swimming pools, spas, fitness centers, convenient stores or pro shops and clubhouses. These facilities can be enjoyed by the whole family together without having to go an extra mile. Aside from that, activities and programs are always available for kids of all ages, young adults and their parents. Neighbors can get to know each other better, tighten their circle of friendship and just simply enjoy the community of active, friendly and like minded people.

Such golf course communities are kept private, gated and secure assuring peace and order in the community unlike others. One would not require playing golf to just appreciate the quality of living in these communities.  Some golf communities have certain restrictions when it comes to public access to ensure that homeowners aren’t crowded out on the course.

Golf course communities aren’t limited to only the wealthy but there are many types of golf course homes that can fit into an affordable price range while taking advantage of the many facilities and activities of the community for the entire family.

10/366 - Got Balls?

Click here to learn more about these popular and attractive golf course communities and the homes available in the area:

photo credit: Mariano Kamp

Williamsburg Condos

Washington, DC, SkylineWilliamsburg Condominiums are located in Arlington, Virginia. These beauiful living spaces sit across from the Potomac River with spectacular views of Washington D. C. Come enjoy Arlington living at Williamsburg with the following amenities:

  • Community Room
  • Pool
  • Gym
  • Library
  • Recreation Room
  • Gazebo

Williamsburg is quaint and luxurious all at the same time.

photo credit: euthman

Biking in Arlington’s Trails

A large network of trails, bike lanes and bikeable streets allowing accessible cycling in and about the neighborhoods in Arlington can be found to be quick, safe and very convenient

Biking Benefits:

  • Inexpensive – Anyone can afford and maintain this means of transportation.
  • Convenient – Less troublesome when it comes to getting to certain places.
  • Fitness  –  Firming, calorie burning all that can be achieved without membership fees
  • Environment Friendly – No noise or air pollution (no carbon dioxide emissions).
  • Traffic Congestion – Takes away the bumper to bumper situation of traffic on the road.
  • Business – Cost Saving for transportation re-imbursements.
  • Happy Community – Bikers are more relaxed and can enjoy the beauty of the community.

The bike friendly structures in Arlington complements the walkways and public transits system allowing everyone get about in Arlington and in other counties without needing a car.

In January 1 2009, the Bicycle Commuter Act was added as one of the qualified transportation benefits covered in section 132(f) of the Internal Revenue Service Code. The Bicycle Commuter Act is simple as the cycling itself. Cyclists get the same qualified transportation benefits for taking transit, driving or parking their cars to and from work. A reimbursement of up to $20/month for expenses incurred by the employee who bikes to work.

The trails in Arlington are actually multi use trails that are shared equally and enjoyed by bicyclists, pedestrians, runners, skaters, cross country skiers, dog walkers, baby strollers, people using wheelchairs and the like. Courtesy and assertiveness is required to avoid any collisions.

For Trail sharing and Security on the Trails visit Arlington County Commuter Services website.

Family Cycle Train

There are about 400 bike racks available throughout the County as Arlington promotes cycling to be a preferable and easy mode of traveling. Arlington does require new residential, office and retail establishments to provide generous if not ample bike parking with shower and locker facilities.

For the security of bikes, registering bicycles with the Arlington County Police Department is highly recommended. A license is issued with records of license number, serial number of the bicycle and the name of the owner. It is also recommended to use a U-lock instead of chains and cables.

For more detailed information about biking, you can refer to ACCS or the Arlington County Commuter Services which is a bureau of the Arlington, Virginia Department of Environmental Services. ACCS programs work to encourage and promote the use of mass transit, carpooling, vanpooling, bicycling, walking, teleworking and other alternative aside from driving alone.

photo credit: Amsterdamize

Potters Glen

Formerly a farm owned by the Potter family, Potters Glen properties comprises of 92 townhouses developed by 3 different developers.

Potters Glen’s community also has a Gazebo Area where special occasions can be held and everything needed to host a party is available.

Its location is conveniently close to Springfield Mall as well as an array of restaurants and Shop stops in Kingstowne.

Major transportation via the Franconia-Springfield Metro/VRE Station as well as Metro, I-95, I-495 and I-395 is exceptionally accessible.

 


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