foreclosure: Home Affordability Programs - 03/29/12 02:25 AM
The Obama Administration is serious about helping homeowners avoid foreclosure, and has implemented a variety of programs to assist homeowners in keeping their American dream.  This is why the Making Home Affordable Program was created.  There are several plans within this program, specific to the needs of individual borrowers. 
If you are interested in refinancing or modifying your current mortgage, you may qualify for one of the following programs:  The Home Affordable Modification Program (HAMP) can lower your monthly mortgage payment to 31% of your gross income, which in turn could result in a 40% reduction...READ MORE HERE 
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foreclosure: Short Sale versus Foreclosure - 03/22/12 05:09 AM

In these challenging economic times, more and more homeowners are finding themselves weighing the pros and cons of a short sale versus a foreclosure.  It may go without saying that you want to try to avoid foreclosure at all costs.  But after months, if not years, of battling overwhelming debt and an underwater property, foreclosure might seem appealing due to the shear fact that it’s easier.  However, the long term effects of a foreclosure might be more difficult than you realize.
For starters, there is your credit score to consider.  A foreclosure can adversely affect your credit score by 100-200 … (1 comments)

foreclosure: More Banks View Short Sales and Preferable to Foreclosures - 03/08/12 07:39 AM
According to a recent CNN Money article, banks are bending and stretching further and further to avoid foreclosure. In fact, many banks are agreeing to sale prices lower – often far lower – than the mortgage balance just to avoid this move which, while devastating to a home owner, is quite costly for the lender.
During the fourth quarter of 2011, short sales were 15% higher than during the same period in 2010. And short sales comprised 10% of all home sales during that same period, according to recent data released by RealtyTrac.
Homes in some stage of foreclosure accounted for … (0 comments)

foreclosure: Is Your Mortgage Out of Balance with Your Budget? - 03/01/12 05:26 AM
Is your mortgage out of balance with your budget? It can happen quickly.
An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance.
READ MORE HERE-->
Emcee Arah - "the REALTOR with Architectural Dimension" – is both a Certified Distress Property Expert (CDPE) and a Certified Investor Agent Specialist (CIAS). He is uniquely equipped to assist you in navigating today's residential real estate market. Contact us onlineor by phone at (301) 452-5252. And … (0 comments)

foreclosure: What Can A CDPE Do For Me? - 02/23/12 08:30 AM
Problems are a guaranteed part of life, and home ownership comes with its own set of issues. If your roof is leaking, you look for someone who's got expertise in roofing. Same with leaking pipes – when the problem requires more than a simple tweak, you call a plumber. When an old tree falls on your property, you seek out someone who's experienced to remove it.
In the same way, millions of home owners across the country are dealing with problems that stem from the current economic crisis. Financial hardship – including loss or decrease of income – can lead to … (2 comments)

foreclosure: What IS a Short Sale? - 01/19/12 10:51 AM
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions.
But to be technical, here's a more official definition:
A homeowner is 'short' when the amount owed on their property is higher than current market value.
A short sale occurs when a negotiation is entered into with the … (0 comments)

foreclosure: Resolve to Face the Facts! - 01/12/12 11:55 AM
Since 2007, 8.9 million homes have been lost to foreclosure, and millions more are headed in that direction – including many homes right here in the Silver Spring area.
As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to ensure that you or anyone you care about does not add to that statistic under any circumstances!
The unfortunate fact is that so many homeowners who have played by the rules and never imagined that they could be facing foreclosure are now in a very tough situation.
More than one in … (2 comments)

foreclosure: Create a Home Inventory for Insurance - 12/12/11 12:18 PM
Experiencing a theft, flood, fire, or other casualty loss can be devastating. Imagine trying to list from memory for your insurance claim every single item that was damaged or destroyed. The task will be less daunting if you create a home inventory in advance and keep it in a safe place. We turned to HouseLogic for some great ideas on this very topic.
Having a digital camera and camcorder will make creating an inventory much easier. Set aside enough time to review your insurance policies, dig up receipts, document your possessions, and figure out where you’ll store your records. One day … (1 comments)

foreclosure: Take Action Now to Turn Things Around in 2012 - 12/06/11 10:27 AM
Recent economic upheaval has taken a hefty toll. Looking forward to 2012, it’s impossible to know what’s next and the kind of an impact that an upturn or a downturn at the national level stands to have on your family’s finances.
Regardless of what happens in Washington or on Wall Street, two things are very clear: you are not alone and now is the time to prepare for a new normal.
With a national epidemic of unemployment or underemployment, and 25 percent of the homeowners in the country owing more on their home than they could net for it in … (1 comments)

 
Emcee M. Arah, Realtor w/Architectural Dimension, AHWD CRS B-Arch (Remax Excellence - Silver Spring, MD)

Emcee M. Arah

Realtor w/Architectural Dimension, AHWD CRS B-Arch

Silver Spring, MD

More about me…

Remax Excellence - Silver Spring, MD

Address: 10230 New Hampshire Avenue, Suite 200, Silver Spring, MD, 20903

Office: 8006663705 x208

Mobile: (301) 452-5252

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