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Luxury Short Sale Market Trends Report

By
Services for Real Estate Pros with eXp Commercial

National Luxury Short Sale Market Trends Report:

FORECLOSURE FREEZE - 2WEEK FORECLOSURE HOLIDAY -- Several of the big mortgage players Bank of America, Chase Mortgage and Wells Fargo are playing Santa Claus again this year, saying they will not evict borrowers in default during the two weeks surrounding Christmas. Also, Freddie Mac (FMCC) and Fannie Mae (FNMA), the two government-controlled mortgage giants, are freezing all foreclosure evictions on mortgage loans they own from Dec. 20 through Jan.3. Read more about National Luxury Short Sale Market Trends.

Maryland Luxury Short Sale Market Trends Report:

Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 14,087 Maryland properties during the third quarter, a 10 percent decrease from the previous quarter and down nearly 5 percent from the third quarter of 2009, according to the latest RealtyTrac® U.S. Foreclosure Market Report. For September, Maryland reported 3,764 properties with foreclosure filings, a 22 percent decrease from the previous month and 44 percent below the level reported for the same month last year. It ranked 23rd in the national in total foreclosures reported for the month. One in every 620 Maryland housing units received a foreclosure filing in September, ranking the 21st highest foreclosure rate among the 50 states. Read more about Maryland Luxury Short Sale Market Trends.

Talbot County, Maryland 21601 Luxury Short Sale Market Trends Report

According to the 2010 Short Sale Research Study by CoreLogic; The number of Short Sales has more than tripled since 2008. Multiple variables indicate Short Sales will continue to be a significant factor for the real estate industry. There is currently 13.30 months of Short Sale inventory on the market in Talbot County, MD.  The highest priced Short Sale Listing in Maryland is located in Easton, 21601 zip code, Waverly subdivision - (27483 Waverly Rd. List price $4,500,000). Courtesy of Benson & Mengold, LLC. Read more about Talbot County, Maryland 21601 Luxury Short Sale Market Trends.

Provided By:

Aaron Rice, CDPE, CLHMS, CRS, GRI, SHS

Keller Williams Realty Baltimore

www.MarylandLuxurySolutions.com

410-342-4444 Office

443-244-0051 Cell

aaron@baltimorehometeam.com

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