- Pool
- Party Room
- Business Center
- Underground Parking
- Courtyard
- Loft Ceilings (Select Units)
- 1, 2, and 3 Bedrooms
- Pets Allowed-1 Domestic with no weight limit
Station Square Condominiums
Tower Villas Condos
- Concierge
- Garage Parking
- Gas Heat
- Pool
- Sauna
- Pets Allowed/2 Cats or 2 Small Dogs
Loan Documentation Fraud
Loan Documentation Fraud includes providing inaccurate information when applying for a loan to purchase property. Common information that is altered is income, assets, employment status, etc. This allows the buyer to get a lower rate and better loan terms. Other types of this fraud include forging someone else's information, or pretending to be a financial institution so a down payment can be collected. As soon as this happens they disappear. Never falsify information when applying for a loan, even if you are encouraged to do so by another party.
photo credit: NobMouse
Short Sale Schemes
This real estate scheme usually happens when the borrower owes more on the property than the current value. The borrower then pretends they have a financial hardship and can not make any more payments. Someone, an accomplice, who is working with the borrower submits a low offer to buy the property. The lender agrees with the short sale not knowing that it was all a set-up. The property is usually resold immediately for the actual value for a profit. If you suspect real estate fraud you can make a report with stopfraud.gov.
photo credit: TheTruthAbout...
Illegal House Flipping
"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
Williamsburg Condos
Williamsburg 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