va: 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)
va: Homeowners See Possible relief... Pro's and Con's Abound - 12/07/07 10:45 AM
The cat is out of the bag, and it looks like there may be help for people who are facing unmanageable ARM's. Now *some* people with these sub-prime mortgages can get their teaser rate frozen for 5 years in order to avoid impossible payments. The New York … (2 comments)
va: Metro Dream Homes- Parent Company POS in receivership - 10/31/07 04:15 PM
I want to make sure I keep you guys updated on the unfolding Metro Dream Homes scandal; It seems a company named Invotex has taken temporary receivership of POS, which is the parent company for Metro Dream Homes. They have set up a website where interested people can view … (0 comments)
va: METRO DREAM HOMES: If it sounds too good to be true.... it probably IS! - 10/28/07 07:27 PM
Just another local real estate scam that is getting lots of attention, particularly from the Attorney General in Maryland AND Virginia. Essentially the accusation goes something like this: Metro Dream Homes convinced people to buy in to their investment program (about 10%-15% of the value of their home) and … (0 comments)
va: Where are we going, and why are we in this Handbasket? - 10/19/07 02:17 AM
I really wish there was some sort of easy solution to the deteriorating market that we're seeing, but I seriously doubt we've hit the bottom just yet. I have a couple of points to make in this post, and they are very closely related, so I'd like to apologize … (7 comments)
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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)
