Short Sales and Foreclosures in Vacation and Waterfront Properties - 06/17/08 07:15 AM
Foreclosures (bank owned homes) are not common in vacation and second home properties in Southern Maryland. Currently there are not any in the area with a water view. However short sales are growing with the vacation homes. Currently there are 7 short sales with a water view. Below is an explanation of what a short sale is.  
A short sale is when a lender agrees to take less for the home than what is owed to them. This is to avoid foreclosure which costs them thousands in legal fees and time. With some foreclosures the property is damaged and left in poor … (0 comments)

May Market Statistics for Solmons and Dowell area - 06/05/08 08:39 AM
Homes currently on the market is 90 active listings 39 of these are new construction.  2 are short sales. I will give an explananation about a short sale in a seperate blog. This is a sign prices are declining. 20 homes were listed in May and three homes went under contract.  One house sold in May. Home prices range from 225,000 for a Solomons Landing condo to $1,730,000. View homes for sale and information on vacation and second homes in the Solomons area go to http://www.SouthernMarylandVacation.com/
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Phyllis Minik, Property Management

Saint Leonard, MD

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Western Shore Realty, LLC

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