Fannie Mae "Loan Quality Initiative" begins June 1, 2010. How will this affect home buyers? - 05/30/10 08:31 AM

Via Amy Jones (Chandler, Arizona RE/Max Excalibur):
Beginning with applications dated June 1st, Fannie Mae is implementing the “Loan Quality Initiative” (LQI) guidelines.  All Fannie Mae lenders must adhere to these guidelines.  In a nutshell, the LQI guideline changes are:
Credit re-verification the day of funding:  Fannie Mae will require the borrower’s credit to be repulled the day of funding.  If the credit obligations change by more than 2%, the loan is required to go back to underwriting for approval.  Peoples Mortgage will reverify credit obligations on the borrower’s credit report (this will not be a hard pull of credit and … (4 comments)

Where is the dining room? - 05/30/10 08:29 AM

Via Angela Voss (Designology Home Staging and Publishing):
How many times have you walked into a new home with a buyer and there is a very small or no dining room?
Numerous homes being built today are forgoing the formal dining room and making that room a den. Is it a wise decision? This can mean disaster for all invested if the designer or builder is wrong.
I was asked to preview a beautiful new home which had been on the market for almost a year. It had been staged before with a furniture company so I was anxious to find out … (3 comments)

Happy Memorial Day! 2010 - 05/27/10 12:59 PM

Happy Memorial Day! As the sun shines in Southern Maryland!  Memorial Day weekend starts tomorrow! The local weather forcast for Lusby Md  for the next 4 days looks very promising! The boats will be in full sail, the smell of coppertone, fresh cut grass &  friends and family's gather! Just take a the time appreciate those who sacrificed in the past and still today to provide us with the liberty we enjoy at present.  We may question the reasons our nation has asked for the sacrifice. Take time to honor those men and women who willingly sacrifice on our behalf. Memorial Day … (4 comments)

Short Sale VS Foreclosure - 05/25/10 07:01 AM

Via Ed Macias (CDPE):
Buying Again After a Short Sale
If your payments have never fallen behind 30 days late and the lender does not require that you pay back the loan, Fannie Mae guidelines may allow you to buy another home immediately. The wait for an FHA loan is 3 years.
If your payments are in arrears yet a short sale is granted by your lender, you may qualify to buy another home with a Fannie-Mae backed mortgage within two years, regardless of whether the home is your primary residence.
Buying Again After a Foreclosure
With certain restrictions, you may … (3 comments)

Leonardtown places to go - Leonardtown Wharf Public Park - 05/23/10 11:26 PM

Via Gabriela Agostinelli (Century 21 New Millennium):
Leonardtown Wharf Public Park

The old Leonardtown is so charming! If you are new to the area and enjoying water, I'd like to suggest you a visit at Leonardtown Wharf Public Park. The view is gorgeous! Nice place for a short walk with your dog. If you don't have a dog, like me, just borrow one :)
Directions: If you are coming from Route 5 North, turn Right on Washington Street. The park is in the end of the street.


There is also a nice place for kayak --->
      … (1 comments)

Waterfront! 381 Deer Dr., Lusby MD 20657 $530,500 - 05/23/10 11:12 PM

Spectacular waterfront home in Lusby MD 20657. So many upgrades including Birch hardwood floors (wide plank), wood burning fireplave,Sun room (waterside), screened porch - pefect for enjoying crab feasts! Gourmet kitchen:custom cabinets, granite counters, Master Suite: waterside & leads to deck and hot tub, Steam shower & beautiful custom tile. Private pier with 95 feet of water frontage on Mill Creek Cove which fingers off head of Mill Creek & Solomons Island Harbor. Located in Drum Point Community Drum Point!  Enjoy the amenities of  Drum Point Beach, Drum Point Project & Drum Point Lake! (See Google Map) Enjoy Fishing, crabbing and and boating … (2 comments)

Lusby Md 20657- Waterfront Home for Sale! $530,500 - 05/23/10 10:36 PM
Lusby Md 20657-  Lusby Real Estate  Waterfront Home for Sale! $530,500
Highly desirable location! Spectacular waterfront home with many upgrades:Burch hardwood floors (wide plank), wood burning fireplace,Sun room - waterside, screened porch, Gourmet kitchen:custom cabinets, granite counters, M Suite: waterside & leads to deck and hot tub, Steam shower & beautiful custom tile. Private pier with 95 feet of waterfront on Mill Creek Cove which fingers off head of Mill Creek & Solomons Harbor. Short Sale & papers have been submitted to the bank. Located in Drum Point Community Drum Point!  Enjoy the amenities of  Drum Point Beach, Drum Point Project & Drum Point … (2 comments)

Tax Tips for Homeowners of Short Sale or Foreclosed Real Estate - 05/23/10 10:20 PM

Via Niman @TReXGlobal.com (TReXGlobal):
This is some great info that you can share with your clients, expecially those who have experienced short sales and foreclosures:
Short Sale/Foreclosure Tax Tips

If your mortgage debt is partially or entirely forgiven during tax years 2007 through 2012 due to short sale or foreclosure, you may be able to claim special tax relief and exclude the debt forgiven from your income. Here are 10 facts the IRS wants you to know about Mortgage Debt Forgiveness due to short sale or foreclosure.
1. Normally, debt forgiveness due to short sale or foreclosure results in taxable income. … (1 comments)

Green Building Becomes Mainstream - 05/23/10 10:20 PM

Via Robert Hammerstein (Coldwell Banker Hillsdale NJ):
A very timely article I wanted to share with my colleagues.Green building and remodeling broke into mainstream culture in the past decade, leading to a changing home landscape across the nation.

As this landscape changes, trends are changing as well. So, just what are the trends to be on the lookout for in green housing?"
Earth Advantage Institute, a free standing nonprofit organization acting as the Northwest's premier green building program, has identified 10 trends that you'll see in 2010.
The first of these is the smart grid and connecting home. This terminology means, … (0 comments)

Mortgage Rate Forecast for May 21, 2010 - 05/23/10 10:19 PM

Via Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida):
Mortgage Rate Forecast for May 21, 2010
Here are some of the events affecting mortgage rates today:
What Mortgage Backed Securities Are Doing Today:
The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.38 this morning - the same as yesterday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 102.59 - up 7/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. … (0 comments)

To Garden or Not To Garden...That Is The Question (when selling) - 05/23/10 10:17 PM

Via Liz Jenkins (a fresh space :: home staging & thoughtful organizing):
I was consulting with a staging client last week, and she was lamenting that she wasn't able to put in her tomatoes this year because they were selling the house.  I asked her why not, and she said that she didn't think it would look good to buyers.  I didn't agree and here's why:
if a garden bed is neat, clean, weeded and thriving - this makes the whole yard look good gardens are inviting - and promote that image of "I could live like this" that you want … (2 comments)

The Power of Decluttering! - 05/23/10 10:16 PM

Via Mannie Tantawy, APSD, RESA, NAPW (The Staging Fashionista):
Check out what the power of decluttering can do to a room.   I love staging occupied homes and simply using the homeowner's items and making their home look better.  It is affordable for the homeowner and fun for me.  Sometimes just simply decluttering does the trick and other times it requires more extensive treasure hunts throughout the home to find items I can use for staging.  The Staging Fashionista staged this little girl's room.  Don't you just love the power of decluttering!
BEFORE

AFTER

Mannie Tantawy
The Staging Fashionista
www.thestagingfashionista.com
We provide professional and affordable … (0 comments)

MORTGAGE foeclosure information - 05/22/10 09:13 AM

Via Howard Sumner (Howard Sumner Real Estate):
Here is great graph showing the great effect all the money that has been thrown at housing is having. If you missed the news yesterday delinquencies rose to 14.69%. Their highest level in the fist quarter of 2010. Which means foreclosures should also go to their highest  level probably third quarter of 2010 which then translate into a bottom of the real estate market 2nd quarter 2011 maybe 3rd quarter 2011 depending on how fast the lenders bring inventory to market. Right now the estimate is 4.3 million seriously delinquent loans if 50% are foreclosed … (1 comments)

St. Mary's County Events! CENTURY 21 New Millennium 2010 Tent Event! - 05/20/10 09:52 AM
St. Mary's County Events!
Community Volunteer Tent Event!
Location: CENTURY 21 New Millennium
23063 Three Notch Rd.
California, MD 20619
Date: May 22, 2010
Time: 10am-2pm
Tent Event 2010
View CENTURY 21 New Millennium in a larger map CENTURY 21 New Millennium  Making your life easierCENTURY 21 New Millennium has been helping people in the Metro DC area find their way home for over 30 years. Our friendly and experienced REALTOR® take care of all the details while you focus on making your house a home.Maximum exposureWhen you list your home with CENTURY 21 New Millennium, your property will … (2 comments)

Say It With A Photo ! - 05/20/10 08:26 AM

Via San Diego Real Estate Voice authored by William Johnson GRI CRS e-Pro CDPE (RE/MAX Associates):
Say It With A Photo


It is said that a Photo is worth a thousand words.  I am a big advocate of having photos in all my blog posts. What's in a photo for the reader?
The answer is, " a lot". I have been blogging now for a little over 3 years. When I started out, the best minds in blogging were illustrating their posts with photos, graphics, slide shows and just about anything else that you could dream of. Every time someone … (3 comments)

The New "Like" Button for Facebook on ActiveRain Blogs - 05/20/10 08:24 AM

Via Brad Andersohn ~ Community Manager (ActiveRain):
"Like" WOW,  I'm "Like" Totally Stoked - The New "Like" button for Facebook on AR.
If you haven't seen it yet, you will, and it might just be because you saw it on someones Facebook Wall.  The new "LIKE" button on AR has now been added to every public post for you and all your friends, comrade's, associates, and subscribers to share on Facebook. 


It's easy to do!  If you like the post you're reading, scroll down to the first area where you would "Flag", "Bookmark", or "Email" the post, and just click … (5 comments)

Reduced! Now $219,000 - Lusby Md 20657 - 992 Side Saddle Tr., Lusby MD 20657 - 05/20/10 08:19 AM
Reduced! Now priced at $219,000!

Lusby Real Estate! 992 Side Saddle Tr., Lusby MD Lusby Real Estate! Pristine Rambler in Chesapeake Ranch Estates. Three beds, 2 full baths, Gas fireplace, Brazilian Hardwood Flooring, Crown & chair molding throughout. Beautifully landscaped property with rear level fenced in yard. Large deck off of the kitchen and a carport that can easily be converted to a garage. This one level living lends to a perfect retirement home & a wonderful opportunity for a first time home buyer. Web: Lusby Real Estate
Minutes to Patuxent High School, Lusby Md 20657. Close to Lusby Town … (2 comments)

What Every Seller Needs To Know In Today's Real Estate Market - 05/17/10 08:35 AM

Via Carra Riley CRB, CRS, GRI (Carra Riley Inc.- Real Estate Consultant, Author, Speaker ):
                              What Every Seller Needs To Know In Today's Real Estate Market
                                             
                                                
                                            The real estate agent is only the messenger
                                                    Sellers please take several deep breaths before shutting down on any offer in today's real estate market.
The agent YOU selected to represent you is doing the job you hired them to do with your best     interest … (3 comments)

5 Common 1st Time Home Buyer Mistakes - 05/17/10 08:31 AM

Via Kristen Ueckert (Ueckert Realty LLC):
1. They don't ask enough questions of their lender and end up missing out on the best deal.
The home buying process really starts with the pocket book. Not only do you need to know how much you can afford to buy now, but you need to look at what the closing costs are, as well as what the long term cost of the loan is. Most lending programs available today that include some sort of special deal are geared towards 1st time buyers. Tap in.2. They don't act quickly enough to make a decision and someone else … (0 comments)

Calvert County Farmers Market! - 05/17/10 08:29 AM
Calvert County Farmers Market!
Calvert County offers fresh local produce & plants. With four locations in Calvert County will allow for great eating and support of Calvert County local farmers.
All Calvert County Farmers accept Maryland WIC and Senior Farmers Market Nutrition Program vouchers from Maryland Department of Agriculture
 
Calvert County
Calvert County Farmers Market - Barstow  Calvert County Fairgrounds, 140 Calvert Fair DriveParking LotSaturday: 7:30 a.m. to 12:00 p.m. May 8 - November 27
Calvert County Farmers' Market - Prince FrederickCalvert Memorial Hospital, 130 Hospital Rd. Parking Lot DTuesday: 3:00 p.m. to 7:00 p.m. May 4 - November 23
Calvert … (3 comments)

Southern Maryland News! Thomas Johnson Bridge Expansion - 05/17/10 07:38 AM

Southern Maryland News! Thomas Johnson Bridge Expansion
Over the past decade, traffic volumes on MD 4 have more than doubled. Residential development in the area just north of Solomons Island has increased substantially over the past few years. Over 60 percent of Calvert County residents commute outside of the county. In St. Mary's County , the Patuxent River Naval Air Station now hosts over 17,000 people, including active-duty service members, civil-service employees, defense contractor employees, and military dependents. The total employment for St. Mary's County is approximately 49,000 persons, including the Patuxent Naval Air Station. In addition to high traffic volumes … (0 comments)

LEONARDTOWN, MD 20650 - Waterfront home in Leonardtown - $599,000 - 05/16/10 08:38 AM
Waterfront home in Leonardtown, MD 20650!  
Beautiful Waterfront property! Large 4 bedroom waterfront home with partially finished lower level. with a barn with 3 horse stalls. Enjoy the view from the screened porch, landscaped yard or your own private pier. This home has it all with hardwood floors,2 fireplaces,2 staircases,foyer entrance, eat-in kitchen, formal living room and dining room. Bring your horse and  and enjoy these amenities this waterfront home has to offer!
Water Frontage:  200 Ft. on Herring Creek & private pier.
 
 
 
 
 
For more information about Leonardtown, MD visit: Leonardtown Md- Town of Leonardtown Leonardtown Events - Weddings on … (2 comments)

Lusby, Md 20657- 992 Side Saddle Tr., Chesapeake Ranch Estates - 05/13/10 10:34 AM
Lusby Real Estate! 992 Side Saddle Tr., Lusby MD 20657! $225,000

Lusby Real Estate! Pristine Rambler in Chesapeake Ranch Estates. Three beds, 2 full baths, Gas fireplace, Brazilian Hardwood Flooring, Crown & chair molding throughout. Beautifully landscaped property with rear level fenced in yard. Large deck off of the kitchen and a carport that can easily be converted to a garage.  Perfect First Time Buyer or Retirement home!  Web: Lusby Real Estate
Minutes to Patuxent High School. Close to Lusby Town Center and Shopping Centers. Convenient access to Patuxent Naval Air Station and Solomons Island, MD 20688
View 992 Side Saddle … (3 comments)

Buying a Builder Home Without Representation Can be a Nightmare - 05/13/10 07:17 AM

Via Joyce & Terry Thomas Anthem Merrill Ranch AZ Real Estate (US Preferred Realty):
Buying a Builder Home Without Representation Can be a Nightmare.  This is a scary and unfortunately true story.  All names are being protected in this story.  Buyers need to take buying a home from a builder very seriously when they enter a builder's sales center and make sure they are fully represented by a Buyer's Agent (Realtor).
The main thing to keep in mind is that the "Realtors" working for the builder are actually "Salespeople".  They are trying to meet a quota for the week or month, to get … (1 comments)

PUBLIC SCHOOLS IN LISTINGS?. . . DO IT!. . . IT WILL RESULT IN MORE SHOWINGS AND PERHAPS A CONTRACT! - 05/13/10 07:14 AM

Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate:
PUBLIC SCHOOLS IN LISTINGS - DO IT!  IT WILL RESULT IN MORE SHOWINGS AND PERHAPS A CONTRACT!
SCHOOL INFORMATION IN LISTINGS IS OPTIONAL. 
HOWEVER, IF YOU WANT TO SELL THE HOME YOU JUST LISTED. . . . .
Take a few minutes and put the information in the listing.  Many home buyers and agents search by:
"HIGH SCHOOL" "MIDDLE SCHOOL" "ELEMENTARY SCHOOL" I can remember a time when, in Northern Virginia, you couldn't upload a property listing in the MLS without the public school information included.  That was before our present MLS system, … (1 comments)

BPO ADJUSTMENTS? BECAUSE YOU ASKED! HOW DO BUYERS' AGENTS MAKE PRICE RECOMMENDATIONS? First, know the area! - 05/09/10 10:21 PM

Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate:
BPO ADJUSTMENTS?  BECAUSE YOU ASKED! 
HOW DO BUYERS' AGENTS MAKE PRICE RECOMMENDATIONS?  First, know the area!
Mike Martin asks for comments from ActiveRain members about "adjusting for BPO reports".   Mike states:  I'm Having A Problem Adjusting!
MIKE MARTIN offers a thoughtful discussion about adjusting for BPO reports.   Mike's process for property price recommendation for BPO's is interesting because it relates directly to one of the important activities for Buyer's Agents.  One of the first questions 90% of home buyers will ask of their agents is "How much should I offer?"   The remaining 10% of home … (2 comments)

Disclose, Disclose, Disclose....Honesty, Honesty, Honesty - 05/09/10 10:20 PM

Via Karen Parsons-Fiddler Broker/Realtor (Great Western Realty Group/eVantage Real Estate):
"What should I put on the disclosures?"
EVERYTHING, EVERYTHING, EVERYTHING
The dog next door who likes to eat your roses and poop on your lawn. The water hydrant across the street that blows every few years. The leak under your sink and the plugged gas pipe. The green pick up truck that parks in front of your house every Saturday. The "ghost" in the attic. EVERYTHING!!!
Fear prevents honesty! Honesty breeds trust!
Which is worst? Not closing with a buyer afraid of the dog next door? or a lawsuit 3 years later … (1 comments)

Carbon Monoxide Poisoning - 05/09/10 10:18 PM

Via Jay Markanich (Jay Markanich Real Estate Inspections, LLC):
I was called by someone who found me on line.  She wanted me to find the solution to a problem.
It seems the three kids in the family have all moved on, with Mom still living alone in the old house they grew up in.  Until recently.  She was "continually sick with the flu" and only felt better when she went to visit one of the kids, all nearby.  Their conclusion:  the house was making Mom sick and they moved her out to figure it out.  That could really be true.  In this … (1 comments)

Stop Forclosure! Pre-Forclouse Sale, Short Sale, Deed-in lieu - 05/06/10 09:21 AM
Stop Foreclosure! Pre-Foreclosure Sale, Short Sale, Deed-in lieu, options are available for Southern Maryland Home Owners!
Are you having difficulty paying your debt? Fannie Mae is updating some policies for future borrowers to obtain a new mortgage, the "waiting period is changing".
Pre-Forclouse Sale, Short Sale, Deed-in lieu,  seems to be a regular part of everyday discussion as I speak to home sellers in the Southern Maryland Real Estate Market. For many home owners in Southern Maryland, the thought of foreclosure, would never be a thought. If you are one of those people who have been hit by the market instability, … (3 comments)

Lusby MD, 20657 - Home For Sale in St. Johnswoods $279,900 - 05/04/10 01:29 PM
Lusby MD, 20657 - Home For Sale in St. Johnswoods
3 Bedroom colonial built in 1993and  in wonderful condition. Large family room addition on back of house. Wood stove in living room. Seperate dining room with sliders to deck. Whirlpool tub, nice .45 acres, mature landscaping. Freshly painted inside and out. New carpet upstairs. Workshop off of 2 car garage. Minutes to Patuxent High School. Close to Lusby Town Center and Shopping Centers. Convenient access to Patuxent Naval Air Station and Solomons Island, MD 20688
 
View St. Johns Woods, Lusby MD 20657 in a larger map … (4 comments)

New Fannie Mae Policy May Offer Hope To Struggling Homeowners - 05/04/10 07:17 AM

Via John Mulkey, Housing Guru (TheHousingGuru.com):
In an attempt to help both the housing crisis and the economic recovery, a new Fannie Mae policy may offer hope to struggling homeowners. Those who are currently unable to make their monthly payments can offer a “deed-in-lieu” of foreclosure or “short sale” of their property and may be able to qualify for a home loan much sooner than allowed under previous underwriting guidelines.
 
In an announcement released earlier this month, Fannie Mae described the new rules which will take effect on July 1 and will allow many to return to homeownership within two years. … (1 comments)

What's The Point? - 05/04/10 07:00 AM
Points! Points! Points!

If your thinking about purchasing or re-financing and want to know what to all these point mean, Mykel Martin breaks it down in a fun way. So when you apply for a mortgage loan with your Southern Maryland Mortgage Lender you can make an informed decision about paying points.
Via Mykel Martin (Rancho Cucamonga, CA. Real Estate):
Here's the answer to a question we have all been asked.  "What's The Point?"
More to the point - What are "points" and who pays them?
A point is equal to one percent (1%) of a mortgage amount. For example, on … (0 comments)

Pets At Home Alone-How You Can Help Them Stay Safe - 05/03/10 07:36 PM

Via Linda Kemp (Keller Williams Infinity):
The other day I was out in my neighborhood helping hand out garage sale flyers for our subdivision's upcoming community yard sale. I had a great time talking with people and meeting more of my neighbors.  But the one thing that has stayed with me all week is a simple note that was affixed to the front door of my neighbor's home.  The note read:
ATTENTION FIRE DEPARTMENT--THERE IS ONE CAT AND ONE DOG LIVING HERE!
It is so simple and yet this simple note can mean the difference between life and death.  It moved me … (1 comments)

Lusby MD, 20657 - Drum Point Community - Home For Sale $185,000 - 05/03/10 06:53 PM
Lusby MD, 20657 - Drum Point Community - Home For Sale $185,000
Great Starter Home in Drum Point! Immaculate move in condition. 2 Bedrooms, 1 bath, large kitchen and living room. Master bedroom has walk-in closet. New stove/oven. New Heat/AC system. New roof, windows 2 yrs old. Includes washer & dryer (as is). Level lot, has shed out back, also has 10x10 Deck. Walking distance to Drum Point Beach, Drum Point Project & Drum Point Lake! (See Google Map) Enjoy Fishing, crabbing and and boating in a wonderful community. View  Drum Point Community information! Visit Community reports! Close to Lusby Town Center and Shopping Centers. Convenient access … (3 comments)

 
Monique Hailer (CENTURY 21 New Millennium) Rainmaker_large

Monique Hailer

Solomons, MD

More about me…

CENTURY 21 New Millennium

Address: 13350 HG Trueman Rd, Solomons, MD, 20688

Office Phone: (410) 326-0000

Cell Phone: (443) 532-5407

Email Me

Southern Maryland Real Estate!

You will find homes for sale, local information: County government, events, photos and useful information that I would love to share. Visit Southern Maryland qrcode Scan to view properties on your mobile phone!



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