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buying a home: Finding Pearls - 03/05/09 06:35 PM
Seems like everytime I go out to show a buyer client property, we're are looking at a lot of short sale and REO inventory among the properties we see. Condition is often factor in the short sale and REO properties and most buyers, especially first time home buyers, don't want or can't afford to tackle a lot of repairs and fix-ups.
Occasionally you'll find a property where the seller has lots of equity. This could be for a variety of reasons, like length of ownership, amount of down payment when they bought or just good financial management. When you are fortunate enough to find one of … (2 comments)

buying a home: 100 Year Mortgages - 10/13/08 09:02 PM
A very good friend of mine recently sent me a post from his blog were he commented on the rise of support for the idea of 100 year mortgages. On face value it seems a little preposterous, however it does offer the option of allowing people to refinance and stay in homes on which the may be facing foreclosure at much lower payments and at the same time offer a transparent way to expand home ownership. The article my friend sites says that while opponents decry the lack of equity building in such an arrangement, is it any worse than consigning people … (4 comments)

buying a home: Save Seller Assisted Down Payment Assistance - 08/14/08 09:48 PM
The recent legislation that Congress sent to the President, which he signed eliminates a program that many first time buyers have relied on and will miss once it is phased out on October 1st, 2008. Many banks are already pulling back from these seller funded down payment assistance programs in advance of the October 1st, 2008 date.
Ameridream, The Genesis Program and Nehemiah among the seller funded down payment assistance programs will fade into the sunset and be replaced by a federal tax credit that appears as if it will fall short of the job these programs acheived. There is a grass roots effort … (7 comments)

 
Charles_kraus_001

Charles Kraus, GRI - Greater Annapolis MD Area

Annapolis, MD

More about me…

Coldwell Banker Residential Brokerage

Address: 170 Jennifer Rd, Suite 102, Annapolis, MD, 21401

Office Phone: (410) 224-2200

Cell Phone: (443) 822-0700

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