I just read an interesting article inthe Baltimore Sun about the magnitude of foreclosures in MD. Here are a couple of quick facts: 163,479 Foreclosures Projected 2009-2012 Foreclosure starts up 470% from 2006 Lost Home Equity Wealth $1.9 Trillion 134,923 Families behind on Mortgage as of the en
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10/29/2009
Before I get into the meat of this blog, let me first preface this by saying that I am not an attorney, do not practice law, and am not a member of a bar association. THEREFORE I CANNOT GIVE LEGAL ADVICE. A short sale negotiation is actually a pretty simple concept, a homeowner needs to present
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10/27/2009
According to RealtyTrac, one of the leading foreclosure tracking companies, in the 3rd quarter of 2009 there was 1 foreclosure filing for every 157 households in Maryland! I REPEAT 1 FORECLOSURE FOR EVERY 157 HOUSEHOLDS! To put it in perspective, the average person has 130 FACEBOOK friends so b
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10/27/2009
Well, I thought the title would get your attention, but the truth of the matter Short Sales are not simple. However, they are becoming easier and more prevalent in the Anne Arundel County, MD market. It seems as if every servicer and/or lender has their own set of guidelines and once you have t
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08/12/2009
Today the unemployment numbers were released from the Dept. of Labor, and surprisingly the numbers were much lower than expected. The unemployment rate edged down to 9.4% from 9.5%. How do potential home buyers and sellers interpret this data? Well, lets look at it this way be prepared for a s
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08/07/2009
Okay, so we know now that the past can be a good predictor of future events. Today NAR released its Pending Home Sales numbers and the results showed a gain for the fifth consecutive month. Housing markets, unlike Stock markets, show predictable patterns and trends. ie, once a housing market s
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08/04/2009
Last November, I wrote the following: Many of my clients (those of them who listen to the news, read newspapers, sit around the water cooler at work, or breathe for that matter) have all asked me about our current economy and how that affects their decision to buy a home. Yes, as I wrote severa
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08/04/2009
Real estate is a funny business. Yesterday I met a couple at an open house who swore that values were starting to increase in their neighborhood ( believe it or not, they are correct!) I met another couple who were concerned about buying now because they swore values were continuing to decline
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08/03/2009
The Economic Stimulus package that was approved today by the House is now in the Senate and rumors are circulating that the Senate may remove increases in FHA and GSE loan limits. This would not be good news. I just received this from the National Association of Realtors and wanted to post it f
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01/30/2008
I was doing a search for expired/withdrawn listings in Gambrills, Crofton and Odenton Maryland today. I could not believe the number of homes that had been withdrawn or expired in the last week. Unfortunately, many of these homeowners were not able to realize a goal of theirs and to move to tha
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01/26/2008
