foreclosure: The Wile E. Coyote method of renting foreclosures - 12/04/08 01:50 AM
I had a conversation with a fellow Realtor recently about the concept of banks renting their REO foreclosures rather than selling them outright, and you would have thought I had grown a third head! "Banks can't do that!" I was told, followed by a rather lengthy explanation.Believe it or not, the … (1 comments)
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foreclosure: Fannie & Freddie Takeover-How Does This Affect Your Clients? - 09/07/08 10:37 AM
There's been quite a few stories this evening about the Fannie Mae/Freddie Mac Takeover this evening. The first question on many people's minds is: What Does This Mean To Me?
I'm not going to muse on the repercussions of holding their stock (ask the wall street analysts, but it doesn't … (6 comments)
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foreclosure: 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" (What Does "as-is" mean in real estate?).
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foreclosure: 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 … (0 comments)
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foreclosure: 6 Bedroom Home For Sale in Montgomery Village, MD for only $419,821!!! - 07/29/08 05:36 PM
9821 Canal RdLocation: WhetstoneBank foreclosure, Located right in Montgomery Village! This is your chance to buy an affordable home in the village at the right price! The bank has dropped the price and this is ready to move! Don't forget the brick patio, Garage, and 6 Bedrooms!InformationContact Information Team Benya301-653-8116Contact Reply … (0 comments)
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foreclosure: Jaw Dropping Home in Columbia, MD for Sale! - 07/11/08 05:33 PM
Words cannot describe the beauty of this home located in Columbia, MD!! From the soothing ponds and waterfalls flowing through the backyard to the majestic bedroom suites, this home has it all! The kitchen boasts not only your enormous granite counters, but also absolute top of the line … (0 comments)
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foreclosure: 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
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foreclosure: Jose Canseco, It's Time To Grow Up - 05/02/08 11:15 AM
Apparently even the rich and famous aren't above the foreclosure problems that California. Jose Canseco has lost his $2.5 Million home in Encino, CA. You've got to love his flippant attitude towards the whole thing:
"I do have a judgment on my home and it to me is very strange … (14 comments)
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foreclosure: Darling Rambler in Newburg on over half an acre! Only $163,000!! - 04/29/08 02:28 PM
Here’s your chance to own an outstanding starter home or investment property! Team Benya has just listed an adorable 1 bed, 1 bath rambler situated on just over a half acre of land! Priced at just $163,000, this home in Newburg, MD has tons of potential!
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foreclosure: Wacko Jacko Foreclosure! - 02/29/08 10:57 AM
I can't say that I'm terribly surprised, but Michael Jackson's famous Neverland Ranch is about to hit the auction block unless he can pay off roughly $25 million that he currently owes on the property.
The property itself is 2,500 acres, so if it were to be sold at … (0 comments)
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foreclosure: 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 … (7 comments)
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foreclosure: PROJECT LIFELINE- A Viable Mortgage Relief Solution, Or Another Government Gimmick? - 02/12/08 04:33 PM
Project Lifeline has been formally announced, and it's being touted as another way for homeowners to avoid foreclosure. Like it's counterpart, Hope Now, Project Lifeline is another "relief" program designed to soften the economic impact of the sub-prime mortgage crisis.
Here's what was announced on the AP News Wire:
Homeowners … (3 comments)
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foreclosure: 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. … (8 comments)
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foreclosure: 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 … (0 comments)
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foreclosure: George Bush and Short Sale Forgiveness - 12/21/07 03:42 PM
Are you in the midst of a short sale, or about to do one, and worried about the associated tax burden that goes along with it? There's so good news for you, thanks to a bill signed yesterday, the first GENUINE relief for homeowners trying to avoid foreclosure.
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foreclosure: Understanding the Housing Slump - 12/14/07 02:23 PM
There was an interesting news piece this morning on NBC 4, talking about how the Maryland housing market is going to continue like this for the next year. The report was based off of anticipated loss of tax revenues due to the housing slump, and stated that the market is … (0 comments)
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foreclosure: Considering a Short Sale? Here's What You Need to Know! - 12/09/07 02:58 PM
A lot of people are facing some very hard decisions right now. Being Foreclosed on is a process that can be embarrassing, humiliating, it destroys good credit records, and is often a very traumatic experience for good people swallowed up by bad loans.
There are options to avoid situations … (2 comments)
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foreclosure: MORTGAGE SCAM ON NBC NIGHTLY NEWS! - 12/02/07 11:21 PM
I'm so relieved to see this story making national news!! It seems that Joy Jackson, aka "Night Rider" to all her friends back at the strip club, was recently featured on MSNBC Nightly News (video link). For those of you who need a quick update on the back story, click … (6 comments)
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foreclosure: Avoiding Foreclosure- Why It Matters and What you can do to save your home! - 11/28/07 02:51 PM
Are you falling behind on your mortgage payments? Are you at risk of losing your home because that pesky arm has made your payments impossible? There IS hope for people out that who are at risk of losing their home. If you're worried about foreclosure, here's a few important things … (2 comments)
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foreclosure: Foreclosure Buying Tips- What You NEED To Know! Part 2- Foreclosures & Auctions - 11/24/07 03:07 PM
This is part 2 of a 3 part series on how foreclosures work and how to find the best home to fit your needs at the best price. There's really no great mystery to it, but there is a process to it and I'm here to do my best … (0 comments)
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