ARCHIVED BLOG POSTS
2008
3
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Foreclosure Vs. Short Sale Did you know that in a Foreclosure a credit score may be lowered anywhere from 250 to over 300 points. This will typically affect score for over 3 years. In a successfully negotiated Short Sale only late payments on a mortgage will show after the sale. The mortgage wi...
12/15/2008
The Baltimore Distressed Property Experts Did It Again! The Baltimore Distressed Property Experts Did It Again! We helped another financially distressed homeowner by negotiating with their lender to reduce loan balances allowing the homeowner to sell their property without ANY cost to the homeo...
12/15/2008
Updated 12/10/08 5:40AM Source: Available Listings Below $100,000 Baltimore City 1,849 ~ , Baltmore County ~ 57 Available Listings $100,000 - $200,000 Baltimore City ~ 1,915, Baltimore County ~ 1,018 Available Listings $200,000 - $500,000 Baltimore City ~ 1,432, Baltimore County ~ 2,657 Availab...
12/09/2008
0
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Did you know that on any future 1003 loan application, a prospective borrower will have to answer YES to question "C" in Section VIII of the standard 1003 that asks "Have you had property Foreclosed upon or given title or deed in lieu thereof in the last 7 years?" this will affect future rates. ...
12/09/2008
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Baltimore/Washington Real Estate Sub-Market Pending Sales (Under-Contract) *Trend Tracking* Updated 12/8/08 8:40am Source: •Baltimore City 692 Properties Under Contract Average Contract Price $237,042 Average Days On Market Is 113 •Baltimore County 621 Properties Under Contract Average Cont...
12/08/2008
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Foreclosure VS. Short Sale Did you know a homeowner who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years. A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years. As Cer...
12/06/2008
Current Maryland Regional Real Estate Submarket *Trend Tracking* Updated 12/5/08 8:10am Source: •Avg Sales Price Baltimore City (2004 $109,000) - (2006 $180,000) (2007 $200,000) (2008 $191,048) (National Avg $183,000) •Total Active Listings •Washington, DC - 3,237 ~ Avg List Price $602,187 ~...
12/04/2008
Current Baltimore County Real Estate Market *Trend Tracking* Updated 12/3/08 8:00am Source: Average Days On Market Since September 3, 2008 ~ 111 Average List vs Sales Price 97% Average Sold Price $289,449 1,327 Homes Sold Since September 3, 2008 As Certified Distressed Property Experts we deal w...
12/02/2008
4
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Did you know that 100% of foreclosures (except in those states where there is no deficiency) the bank has the right to pursue a deficiency judgment? In some successful short sales it is possible to convince the lender to give up the right to pursuit a deficiency judgment against the homeowner. A...
12/01/2008
Current Baltimore City Real Estate Market *Trend Tracking* Updated 12/1/2008 2:40pm Source: Average Days On The Market Since September 1, 2008 ~ 116 Average List vs Sales Price 97% Average Sold Price $181,083 1,183 Sold Properties Since September 1, 2008 As Certified Distressed Property Expert...
12/01/2008
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