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Denise Fox

What's the problem with appraisals???

08-10-10
Denise Fox

One of the biggest reasons a deal doesn't get to the settlement table is because of lending problems. One of those main reasons for that is due to the appraisal. This is now a problem completely out of the hands of the lender themselves. Why? It's a new program that was put in place called HVCC. This was meant to take the perceived ability to "fix" appraisals out of the mix. However, this apparent good intention has had a VERY negative impact on the industry. Now a lender and realtor are to have no contact whatsoever with the appraiser and the appraiser is selected often by a management company from a pool of appraisers( often based on price bidding). This means in simple terms that you are likely to get an appraiser from out of the area (sometimes VERY out of the area) just because they underbid the job. This is causing problems with getting a true value because as we ALL know, real estate is local. Often local to the point of the neighborhood within the city. We have seen this problem especially when valuing short sales and many other deals recently. Please click the link for a fun video that helps explain this further and will give you a chance to sign a petitition if you wish so all our voices can be heard....we need this program to go away NOW!!! http://www.hvccpetition.com/Video.aspx

2010 Linganore Wine Festivals

05-19-10
Denise Fox

Well, if you enjoy a peaceful afternoon surrounded by 1,000's of your closest frienwinefest.jpg Winefestival picture by DeniseLoveFoxds, good wine and live music in the great outdoors - Have I got news for you! The new season of the much loved Linganore Wine Festivals start this month!

If you've never attended before, the winery hosts a wine festival each month beginning in May with the final one in October. Each month features a different theme and live band so there's something for everyone!

May 29 - 30 Caribbean month. Featured bands are DC Pan Jammers and Image Band.

June 26 - 27 Swingin' Blues month. Featured bands are Kelly Bell Band and The Nighthawks

July 17 - 18 Reggae month. Featured bands are Passion Reggae Band and Image Band

August 28 -29 Vintage jazz month. Featured bands are Night and Day Music and David Bach Consort

October 16 -17 Reggae month again. Featured bands are Proverbs Reggae Band and Image Band

The times are always the same - Saturday and Sunday from 12 - 6:00 p.m. The first band listed plays from 12 - 3:00 and the second plays from 3:30 - 6:00 You can check out their website for any additional information on the winery itself or directions at http://www.linganorewines.com/

Linganorewinery.jpg Linganore Winery picture by DeniseLoveFox