area info, Homes for Sale, New Listing, open houses, Real Estate, Things to Do

Alexandria VA-OPEN HOUSE, Sun. 9/11/11, 1pm-4pm

2181 Jamieson Ave, #402, Alexandria, VA 22314

This charming 2 BR/ 2 BA unit is located in the luxury condo community of Carlyle Towers; steps to King St Metro, Old Town, Whole Foods, Patent & Trademark Office, AMC Theater, Starbucks and more. Conveniently positioned to easily access roof-top amenities of the community, this unit boasts fresh neutral paint, stainless appl, high ceilings, addtn’l storage unit & assigned gar parking included.

For more Info and Photos, visit: http://kfoleyhomes.com/DC_metro__Alexandria_VA_listings/22A8D718-9AA0-9F73-6E776E7289A9C4E0.shtml

Homes for Sale, open houses, Real Estate, Things to Do

Old Town-Alexandria,VA Open House-Sunday, July 24 2011, 1pm-4pm

 

 

 

 

 

901 ORONOCO ST
Alexandria, VA 22314

2 BR/1.5 Bath home w/open floor plan tastefully appointed and renovated  w/ a wonderful blend of old & new. LR with brick hearth fireplace & gourmet eat-in kit w/custom cab. French doors open to a secluded garden w/ slate patio. Third level loft is ideal for guest suite, den or office. Ample storage, rich hard wood floors, OFF ST. PARKING & Home Warranty Included. Blocks to METRO, shops & restaurants.

Click here for more info

Homes for Sale, open houses, Real Estate, Things to Do

Alexandria VA OPEN HOUSE-Sunday, June 5, 2011 from 1pm-4pm

5144 Woodmire Ln, Alexandria, VA. 22311

BRAND NEW LISTING!!! New kitchen includes new appl, flooring and the most beautiful granite ever seen! New carpet, paint, lighting. ALL baths updated with new fixtures, mirror and lighting. New box bay windows, new atrium door. Crown molding. Delightful patio opens to common grounds. Casablanca fans. Hunter Douglas shades.AND New roof. Backs to COMMON area.Near the new BRAC-133, metrobus access, interstate and more….Click Here for more photos and information!

area info, Homes for Sale, open houses, Real Estate, Things to Do

Open House in Cleveland Park (Washington DC), Sunday-May 22, 2011 (1pm-4pm)

3701 Connecticut Ave NW, #416, Washington DC 20008

Urban lovers’ dream! Spacious 1BR/1BA condo in Forrest Hills Condo Community…in the heart of Cleveland Pk. Amazing renovations include granite counters, stainless appliances, gleaming parquet floors, beautifully restained interior doors, and updated bath. Tons of Storage and large master bedroom. Move-in ready! Just a 1/2 block to metro and shops/restaurants. Building has all new systems…all utilities included in Condo Fees!

Click HERE for more info!

area info, open houses, Real Estate, Things to Do

Alexandria VA OPEN HOUSE-Sunday, May 15, 2011, 1-4pm!

  3751 Jason Ave, #68, Alexandria VA 22302

Pristine 3 bedroom 1.5 bath End Unit. New kitchen cabinets. New stainless steel appliances. New  flooring & lighting. Bay window in Living rm & Dining rm.Pass-thru from kitchen to dining. Gleaming  hardwoods. New baths including flooring, lights, cabinets, medicine cabinet. Delightful patio w/ pavers. Bright, open & easy to move right in. Easy bus to Pentagon or King St metro and just about 2 minutes to I-395!  Walk to Starbucks and shops.

Visit: www.kfoleyhomes.com for more info and photos!

area info, open houses, Real Estate, Things to Do

Alexandria VA OPEN HOUSE-Sunday, May 8, 2011, 1pm-4pm

426 John Carlyle Street, Alexandria, VA 22314

UNIQUE & PRISTINE 3 BR/ 3.5 Bath Townhouse close to everything. Walk to King Street restaurants and shops, 2 blocks to Whole Foods or 3 blocks to metro and only 1 mile to River. Hardwoods throughout all 4 levels. Private ground level office or BR w/private full ba. Gourmet kitchen w/granite, all high-end SS appl & decorator pot rack. Neutral paints. Deck off kit-perfect for grilling. 2 CAR GARAGE. Each BR w/private bath. Top flr has pool table & roof terrace.  Across the street from STARBUCKS too!

Hope to see you there! Click here for more info and photos.

area info, Homes for Sale, open houses, Real Estate

Alexandria/Fairfax County Open House-Sunday, May 1, 2011/1-4pm

1605 MASON HILL DR
Alexandria, VA 22307 
5 Bedroom, 3 Bath BRICK MASON HILL HOME WITH 2-CAR GAR AND LONG DRIVE. UNIQUE COURTYARD ENTRANCE SPACIOUS DECK WITH ACCESS FROM LIVING ROOM,DINING ROOM  & KITCHEN. PROFESSIONAL LANDSCAPING W/ NATURAL POND & SPRINKLER SYSTEM. SEPARATE GUEST AREA ON LOWER LEVEL  ATTIC STORAGE & HOUSE FAN.

Total Living Square Feet: 3360 with Lower Level Walk-Out to large brick patio

For more info visit: www.kfoleyhomes.com/mason hill

Financing-home loans, Real Estate, The Market

Foreclosure Process and information

Sign of the times - Foreclosure
Image via Wikipedia

Judicial and Non-Judicial Process Summary

Mortgage Judicial Foreclosure

1) Borrower Defaults

2) File Complaint (Initiate Law Suit)

3) Record Lis Pendens

4) Court Hearing Date set for Sale

5) Advertise the Sale

6) Sell to highest bidder Buyer pays cash at sale.

7) Buyer receives Certificate of Sale

8 ) Period of Statutory Redemption (Right of Redemption)

9) Sheriff’s Deed Conveyed to Buyer Evict Mortgagor

10) Possible Deficiency Judgment

Trust Deed Non-Judicial Foreclosure

1) Borrower Defaults

2) Beneficiary authorizes Trustee to proceed with Foreclosure

3) Record Notice of Default

4) Period of Equitable Redemption Trustor can reinstate

5) Advertise the Sale

6) Sell to highest bidder Buyer pays cash at sale.

7) Trustee conveys Trustee’s Deed to Buyer

8 ) Deficiency Judgment Unlikely

Title Theory vs. Lien Theory: In a Title State, the lending institution holds title to the property in the name of the borrower through a Deed of Trust. In a Lien State, the deed stays with the borrower (mortgagor), and the lender (mortgagee) places a lien on the property using the mortgage instrument. Generally, foreclosure in Title States occurs through a non-judicial proceeding, while Lien States are conducted via judicial methods; however it varies with each state.

Both Washington DC and Virginia are Title States.  A Trustee’s sale is the only type of allowable foreclosure sale in DC and is more common than a Sherrif’s/Judicial sale in Virginia.  Please note: There is NO right of redemption once the property has been foreclosed (meaning the bank becomes the owner) in either of these jurisdictions.

area info, Investing, Real Estate, The Market, Things to Do

BRAC-133 in Alexandria VA (Mark Center)-Infrastructure Impact

Location map Alexandria, Virginia
Image via Wikipedia

In an article written by: Dak Hardwick and Don Buch for the Cameron Station Compass

BRAC-133”, scheduled to be fully open and operational by September 15, 2011, will bring approximately 6,400 DOD personnel to the West End of Alexandria. As this building is owned by the federal government, it is not subject to local zoning rules and regulations. However, over the past two years, various citizens’ groups and the City of Alexandria have been working to help mitigate the impact of BRAC-133 as a consequence of its being located in a semi-residential area with a limited transportation infrastructure.

Short/Mid-Term Road Improvements — If you’ve been in the Seminary Road/Beauregard Street area recently, you’ve probably seen some ongoing road construction. The City of Alexandria is undertaking some minor road improvements, including a “triple left” from westbound Seminary onto southbound Beauregard in an effort to alleviate some of the BRAC-bound traffic. Construction of several additional improvements will begin in late winter 2011/early spring 2012 and are expected to take two to three years to complete.

BRAC Transportation Management Plan — DOD and the City of Alexandria have been working on an extensive Transportation Management Plan (TMP) that offers a variety of traffic mitigation efforts. There will be frequent peak period shuttles from five different Metro stations. That includes service between the King Street station and Mark Center every ten minutes on a service open to public ridership.

Long Term Transportation Improvements — In early February, the Virginia Secretary of Transportation announced plans to pursue a new HOV ramp from the northbound HOV lanes of I-395 to westbound Seminary Road (reversing at evening rush hours). The estimated cost of this project is approximately $80 million. Although some questions remain about the exact scope and scale of the project, the Alexandria City Council has endorsed the proposed ramp and is currently working with the Virginia Department of Transportation (VDOT) to move it forward as expeditiously as reasonably possible.

As many would expect, this project may also significantly affect Real Estate Values and requirements in the Alexandria Area, most pronouncedly on the West End of the city.  The demand both for homes to purchase and to rent near the new center will undoubtedly increase as this project moves forward.