Woodbridge Property Management Blog

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The Rise of the Unintentional Investor

Michele - Sunday, January 16, 2011
Property Management Blog

Between 2002 and 2007, thousands of men and women, many of them members of our Military, participated in the “American Dream” by purchasing a home of their own in our area.  These homeowners, like many before them, had planned to live in the Northern Virginia area, often in Prince William County, for 3 to 6 years and then sell their home when they were transferred to another job, assignment, or duty station. 

Unfortunately, their plans did not work out as intended.  They are now moving across the country or across the world.  The value of their home has plummeted.  They now owe more than the home is worth, so selling the home is not an option.  Allowing the home to go into foreclosure or participating in a short sale is not an option either.  

Many of these homeowners are members of our Military, Government employees, or Government contractors.  They often have security clearances that require them to maintain an excellent credit score.  These homeowners must keep their homes, continue to pay their mortgages on time, and ensure that they keep the financial commitment they made to their mortgage company while thousands a...

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