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charles county foreclosures: Up To $ 40,000 in Charles County Down Payment Assistance is Available! - 03/19/10 05:59 PM
Charles County has a new down payment assistance program called the Neighborhood Conservation Initiative (NCI) Down Payment Assistance Program that all first time home buyers considering a foreclosure should look at! This program, administered by the Charles County Department of Community Services Housing Authority, is offering up to $39,999 to first time home buyers who are looking at buying a foreclosure in Charles County! Here's a brief rundown of the program itself:
Eligibility: Must Be US Citizen ro Resident Alien Must qualify for a fixed rate mortgage for a minimum of 30 years with a participating lender (see participating lender referral … (2 comments)
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charles county foreclosures: Buying A Charles County MD Real Estate Foreclosure?: Get It Inspected! - 08/21/08 01:22 PM
There seems to be a common misconception about buying a real estate foreclosure in Charles County. Banks are trying to get as much money as possible for the real estate they own, but they typically demand that their homes are sold "as-is".
This does NOT mean that you should skip the home inspection! Quite the contrary, if you're trying to buy a primary residence, the inspection is absolutely crucial!
Don't believe me? Well, would you buy a car without knowing it runs? Buying a home without an inspection is the same concept. Does the furnace … (0 comments)
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charles county foreclosures: How Do I Low-Ball a Foreclosure? Very Carefully! - 08/20/08 02:24 PM
Trying to buy one of the multiple foreclosures (REO, or Real Estate Owned) for sale in Waldorf, MD or Charles County MD? Most folks who are trying to buy a foreclosure are looking for a great deal, and while there are some deals to be had, it seems like there is just as much overpriced junk that needs to be reduced in order to sell.
In comes the concept of the low-ball offer. Low-balling is where you offer considerably less than the asking price on a home. It's easy enough to write (You always have the right to offer as much … (0 comments)
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charles county foreclosures: What Does "As-Is" Really Mean in Real Estate? - 07/28/08 10:38 AM
"As-is" seems to be a very maligned term in real estate these days. A quick search for homes in Waldorf and Charles County shows a slew of properties being sold "as-is". On the surface, the concept is simple; the owner is not making any claims regarding the condition of the property.
In reality, it's a bit more complex than that. It seems that everybody wants a home that needs little to no work, and often those "as-is" properties seem to need something, but the seller isn't interested in addressing those concerns.
Am I Allowed To Get an … (6 comments)
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charles county foreclosures: CHARLES COUNTY, MD FORECLOSURE LIST UPDATE (5/9/2008) - 05/08/08 01:44 PM
Foreclosures are up slightly in Charles County, and here is the latest list of properties available on the market that are bank-owned. It includes foreclosures in Waldorf, La Plata, White Plains, Newburg, Hughesville, and all of Charles County!
Bank Owned Homes For Sale in Charles County
If you have any questions, or would like to be added to our automatic daily updates, please give me a ring or drop me an email and let me know!
… (0 comments)
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charles county foreclosures: Charles County Maryland Foreclosure Report: March, 2008 - 03/01/08 11:40 PM
I'm seeing more and more foreclosures, and none of the government assistance programs seem to be helping stem the tide of foreclosures that we're currently seeing.
Do Foreclosures Affect My Home's Value?
In Charles County in the last 60 days, there have been 12 foreclosures that have been sold, and a total of 135 (resale AND REO) homes listed and sold. This means that foreclosures make up almost 9% of the total market in terms of sales.
A lot of homeowners have been wondering how much of a bearing foreclosures have on their own homes … (0 comments)
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charles county foreclosures: Courthouse Auction Blues - 02/22/08 09:56 PM
The Washington Post just posted an article titled: "Foreclosure Auctioneer's Lonely Task". It's an interesting read, even if it's a bit theatrical. There was a quote in there that I found particularly striking:
"Banks don't want your house; they want your money. They want to work with you so you can keep your house. With the market like it is, lenders don't want to foreclose on you."
If this were genuinely the case, why is there such an onslaught of REO homes nowadays? I think it's a genuine sentiment, but the current mortgage problems like this are occurring anyways, … (7 comments)
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charles county foreclosures: Dogs Abandoned in the Foreclosure Fallout - 02/03/08 01:13 PM
\Foreclosure Dogs are becoming big news. Man's best friend is quickly becoming an expendable commodity to some as people are losing their homes to the credit crunch. Regardless of what the circumstances were for the foreclosure, it's not the pet's fault, and now many of them are finding themselves facing euthanization.
The Washington Post recently ran an associated press article about the growing number of cats and dogs abandoned because of foreclosures.
The house was ravaged _ its floors ripped, walls busted and lights smashed by owners who trashed their home before a bank foreclosed on it. Hidden in the wreckage … (8 comments)
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charles county foreclosures: Charles County Maryland Foreclosure Report February 2008 - 02/03/08 12:02 PM
Charles County has seen an upswing in Bank Owned (REO) properties for sale in the past month. In my last report, I indicated that there were 55 current foreclosures on the market in Charles County. That number has now crept up to 69.
Increasing Foreclosures
REO properties are rising because of the fallout from the credit crunch, obviously. Foreclosures negatively affect the value of homes and force the overall value of homes in a region to decrease. As the number of foreclosures goes up, the cost of buying falls, plain and simple.
Some (not all) of the foreclosures that are on … (0 comments)
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Southern Maryland Real Estate~ Jonathan Benya
Waldorf,
MD
More about me…
Keller Williams Southern Maryland
Address: 3261 Old Washington Rd, #2040, Waldorf, MD, 20602
Office Phone: (301) 632-5454 x 272
Cell Phone: (301) 653-8113
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