short sale: What can you expect if you're buying a short sale? - 06/19/13 07:59 PM
What to expect in a short sale? I suppose I could wear out my keyboard posting all that could happen and then still miss some.
 
I'm currently working with a buyer client buying his first home. We put in a successful bid on a condo and the process began. Let me interject that the listing agent has been very communicative and great to work with. Unfortunately I can't say the same for the lenders. Only one other condo has sold in that development since Jan. 1. That unit was also a short sale. It was a mirror image of the … (4 comments)

short sale: So you want to buy a short sale! - 08/13/12 08:09 PM
     What are the pros and cons of shopping for a short sale. Can you get a "great deal"? How long will it take?
     The first thing to consider is your time frame. If you're selling your home and moving in to your next purchase a short sale probably isn't the way to go. The only exception would be if you have someplace else to stay while waiting for settlement on your short sale purchase. In that situation you could try to negotiate a post settlement occupancy but that could lessen your chances of securing a buyer. Of course there … (3 comments)

short sale: Are appraisals really objective? - 05/05/10 05:24 AM
OK, to all my Realtor friends out there that title may bring a chuckle. Unfortunately the public and most underwriters see appraisal results as set in stone.
I'm writing this post because I'm seeing appraisals come in all across the spectrum of value. Not that we didn't have appraisal issues before but now, the law meant to protect the public is actually hurting them. As a Realtor and a licensee in the state of Maryland I'm required to be familiar with the market area I'm listing and selling in. Although I've heard from appraisers that they are also I'm not finding … (4 comments)

short sale: FHA 203K Streamline - Perfect timing for this market - 04/21/09 07:48 AM
Many of the foreclosure and short sale listings I have been showing recently are desperately in need of major cosmetic surgery. I must confess, I haven't done an FHA 203K loan in several years so I was operating under the assumption the rules were still the same. In fact they are, but for the 203K streamline they are much easier to work with. For one thing, you don't need a 203K inspector because the streamline loan is primarily for cosmetic work. I just showed a listing yesterday that needed about 10K in carpet, flooring, paint and drywall repair. This wouldn't normally … (2 comments)

 
Larry Riggs, GRI, SRS Your Frederick County Specialist (Century 21 Redwood)

Larry Riggs

GRI, SRS Your Frederick County Specialist

Frederick, MD

More about me…

Century 21 Redwood

Address: 3527 Urbana Pike, Frederick, md, 21704

Mobile: (301) 676-0558

Office: (301) 365-0664

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