maryland: Understanding What Causes Interest Rate Movement
- 02/13/12 07:00 AM
The Federal Reserve and Mortgage Rates Understanding What Causes Interest Rate Movement Consumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. Often the media is the culprit causing the confusion. In the last few years, the Fed has taken action that caused mortgage interest rates to move in a direction other than what consumers expected, because the media provided weak reporting on the subject.The Federal Reserve affects short-term interest rate maturities, the Fed Funds rate, and the Overnight Lending rate. These factors have a direct impact on the Prime rate. … (0 comments)
The Montgomery County Distressed Market Please Note: Under the Governor’s proposed Budget Reconciliation and Financing Act of 2012 (BRFA, HB 87/SB 152), Maryland would be the first state to scale back the most important tax benefit that homeowners receive, the mortgage interest deduction – this is NOT an honor MARYLANDERS want! URGE your legislators to OPPOSE the Governor’s BRFA Bill. Of the 2328 homes currently available for sale in Montgomery County, 52(2.2%) are foreclosures while 441 (18.9%) are potential short sales. The number of available foreclosures now available in Montgomery … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/02/12
- 02/02/12 06:39 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/02/12 The Montgomery County Distressed Market It’s time to get off the fence and step into home ownership or diversify your retirement portfolio. If you’ve been considering buying your first home or moving up to a larger home or buying an investment property, conditions have once again turned in your favor. It’s a great time to start acquiring real estate with low interest rates and banks motivated to move homes off of their books. There are great opportunities available. I recently received approval on a short sale in which the … (0 comments)
maryland: Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Tidewater Auctions
- 01/10/12 04:01 AM
Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Tidewater Auctions Maryland foreclosure auctions are conducted at the county court houses when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Tidewater Auctions. Trustee sales are open to the public and homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. Always check for … (0 comments)
maryland: Montgomery County Maryland Foreclosure Auctions, Trustee Sales, Homes For Sale, Alex Cooper Auctioneers
- 01/10/12 03:35 AM
Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Alex Cooper Auctioneers Maryland foreclosure auctions are conducted at the county court houses when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Alex Cooper Auctioneers. Trustee sales are open to the public and homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. Always check … (0 comments)
maryland: MOntgomery County Maryland Trustee Sales- Jan 2012- Cohn, Goldberg, Deutsch
- 01/10/12 03:23 AM
Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Cohn Goldberg, Deutsch Montgomery County foreclosure auctions are conducted at the county court house when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch. Trustee sales are open to the public and homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. Always … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/05/12
- 01/05/12 06:39 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/05/12 Have you visited my real estate page on Facebook? Designed to provide with you valuable information on home ownership, occasional money saving deals I come across and more. Please click here today and show me your support by “Liking” the page and feel free to share it with your friends and family. Always happy to help you or someone you know. My business is referral based and I like it that way! The Case-Shiller housing price numbers for October show only two metropolitan areas, Detroit and Washington, DC, with positive … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/15/11
- 12/16/11 03:16 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/15/11 With low home prices and interest rates at historic lows, today’s market might just present your best opportunity to “move up” to a new home, buy your first home or investment property. A “move up” may represent a lifestyle change to a larger home, different neighborhood, or even a downsize. Whether considering an REO or short sale, buyers should use an agent experienced in these transactions to ensure proper representation and to have a full understanding of the various processes.
I represent buyers and sellers in residential transactions, … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/08/11
- 12/08/11 03:14 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/08/11 Low home prices and strong demand for rental housing continue to drive investors into the market. Investors continue to find that purchasing distressed units, rehabbing and than collecting rents to be an attractive aspect of their overall financial plan. Whether considering an REO or short sale, buyers should use an agent experienced in these transactions to ensure proper representation and to have a full understanding of the various processes. For more information, read this article at http://rismedia.com/2011-11-27/investor-sales-surge/
The Montgomery County Distressed Market Of the 2769 homes currently available … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/01/11
- 12/01/11 02:49 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/01/11 **Due to server outage last week, many clients did not receive last week’s update and I will repeat some of that information accordingly. I apologize for any inconvenience.
With the holidays upon us, there’s no better time to say Thank You to those who have helped me grow my business over the years. Without your trust, referrals and support, I would not be as successful as I am. For that, I thank you all.
Whether it has been assisting with first-time home-buyers, avid investors, or simply providing advice, … (0 comments)
maryland: Before you walk into that Open House- Who does the Realtor represent?
- 11/22/11 04:34 AM
One of the biggest areas areas of misunderstanding among the public and many Realtors is exactly who a Realtor represents in a transaction. In Maryland, a Realtor is obligated to present a potential client with the document Understanding Who A Real Estate Agent Represents. This should occur at the first scheduled meeting or substantial discussion about a property. For the purpose of this blog, I'm only focusing on the aspect of an Open House. When a potential buyer walks into an open house, he/she should likely presumes that the agent represents the seller. What happens when the agent sitting the home … (1 comments)
With the Thanksgiving holiday upon us, there’s no better time to say Thank You to those who have helped me grow my business over the years. Without your trust, referrals and support, I would not be as successful as I am. For that, I thank you all.
Whether it has been assisting with first-time home-buyers, avid investors, or simply providing advice, it has been my privilege to get to know you and your families. If there’s anything you, your family or friends are … (0 comments)
maryland: Maryland Court of Appeals Declares the Provisions of the Reduction of Lead Risk in Housing Act Immunizing Landlords from Lead-Paint Liability Unconstitutional
- 11/21/11 04:11 AM
Thank you to the MAR Legal Affairs for this vital information. Landlorde should pay close attention to this ruling. The Maryland Court of Appeals Declares the Provisions of the Reduction of Lead Risk in Housing Act Immunizing Landlords from Lead-Paint Liability Unconstitutional Brief Analysis of the Case On October 24, 2011, in the case of Jackson v. Dackman Co. et al. (Md. App., 2011), the Court of Appeals of Maryland held that the immunity provisions of the Reduction of Lead Risk in Housing Act (“the Act"), which provide compliant landlords with qualified immunity from tort liability under specified circumstances, violate Article … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/18/11
- 11/18/11 02:35 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/18/11 Trustee Sales- Trustee sales are auctions held at the courthouse steps and represent the final step in the foreclosure process. The sale is open to the general public but buyers should be cautious. The first trust lender will generally bid as well up to the current loan balance including legal fees making the price too high for most buyers. While there are exceptions, buyers should bid with caution. Trustee sales are purchased site unseen and no inspections are permitted as a condition of the purchase. Financing is generally non-existent as … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 1/10/11
- 11/10/11 03:59 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/10/11 81 (2.6%) of the 3,148 active homes for sale in Montgomery County, MD are REO properties while 558 (17.7%) are short sale pre-foreclosures. Fannie Mae- Freddie Mac- HUD- If you are considering making an offer on a Fannie/Freddie/HUD owned property, it is important to understand that these sellers have restrictions on new listings. For Fannie and Freddie properties, investor offers will not be considered until the property has been on the market for 15 days. HUD ususally restricts their properties for 30 days. Additionally, it's impotant to note that … (0 comments)
Each year, RE/MAX Realty Group and I work to collect food for folks in our community who are less fortunate. Over the years, we have collected a great deal of food. This year, however, the food banks tell us the need is especially great.
Our goal is to collect one ton of food.
Can you help? We will be collecting donations through Wednesday, November 16th. Please call or email me and leave any non-perishable food on your front step in a paper bag. Or, if you prefer, you … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/27/11
- 10/27/11 04:54 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/27/11 One question I am often asked by clients is about structuring an offer on foreclosed properties. Whether an investor or first-time buyer, the bottom line net to the seller is the key figure. If closing cost assistance is required, buyers may offer over asking price to compensate for the needed cash. In terms of the offer price, banks are not usually willing to negotiate on newly listed properties. They may allow for closing help provided there are no competitive offers. After the first two weeks, banks become more flexible before offering … (0 comments)
maryland: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/20/11
- 10/20/11 09:16 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/20/11 Of the 3391 homes currently available for sale in Montgomery County, 89(2.6%) are REO or foreclosures while 602(17.8%) are potential short sales. The number of foreclosures available is low and in response, lenders are receiving multiple offers on many and selling for above list price. Short sales continue to be an active segment for buyers looking potential deals, especially for those who can allow the lender(s) sufficient time to complete the process. Our market is opportunistic for both buyers and sellers. Investors looking to expand their portfolios … (0 comments)
maryland: Maryland Court of Appeals ruling regarding evictions by unlicensed landlords
- 05/25/11 04:13 AM
I just thought this was vital information that needs to be shared. In a May 04, 2011 Court of Appeals ruling in the matter of McDaniel v. Barabowski, the court ruled "We shall hold that a rental property owner who does not possess a current license to operate the premises, is not entitled to utilize the summary ejectment procedures outlined in Section 8-401 of the Real Property Article upon a tenant's failure to pay rent, if the dwelling is located in a jurisdiction that requires owners to obtain such licenses. We shall further hold that the District Court judge did not … (1 comments)
The Federal Reserve and Mortgage Rates Understanding What Causes Interest Rate Movement
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