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FHA Extends Waiver to Anti-Flipping Rules
While we were all focused on what Santa would bring us at the end of last week, FHA decided to extend the waiver of the anti-flipping rules for one more year. "In an effort to continue stabilizing home values and improve conditions in communities Read More...
Real Estate Investors ~ This is Your Perfect Storm
This present real estate market is an investor's dream, according to Jeff Brown, a Realtor who specializes in real estate investment for retirement and has practiced real estate for over 40 years and is a veteran of over 200 tax deferred exchanges. Read More...
Interest Rate ~ The Cost of Buying a Frederick Home
Generally speaking, home sellers focus on the price of their home and home buyers focus on the cost of a home. The two factors in home buying happen to be at affordable lows today. Let's analyze the two factors and how they combine to create a historically Read More...
Three Truths For Any Real Estate Market
The real estate market changes from year to year. In almost 20 years we've seen buyers markets, sellers markets, transitional markets, and everything in-between. In any Frederick real estate market there are 3 rules that are always true: 1. When looking Read More...
High Performance Home Loans
REMN, Real Estate Mortgage Network, inc., offers several "High Performance" loan products for a solution to many of the Frederick foreclosures and short sales that are in need of minor repairs and updates: 1. REMN's Home Fixer For minor Read More...
To Buy or Not To Buy
Should I buy a house now or wait until next year? In my opinion, the market is good now to buy, but my concern is that if I wait too long, the home prices and interest rates will go up. --John A: Most people don't succeed like they expected when they Read More...
When Can I Buy A Home after Foreclosure? Short Sale?
A Handy List of Credit Problems with Timelines to Repurchase FORECLOSURE home was given back to bank, no owner participation SHORT SALE home sold but sales price didn't cover amount owed DEED IN LIEU OF FORECLOSURE home returned to lender in exchange Read More...
Housing Affordability At All-Time High
The Housing Opportunity Index is a quarterly report that is released by the NAHB, National Association of Home Builders and Wells Fargo. Today the latest report was released and shows that affordability hit a new record high, at least in the 20+ years Read More...
A Real Estate Recovery
Most U.S. adults don’t expect real estate recovery until 2014 , or later, according to a survey from the market research firm Harris Interactive . An online survey from April 15-19, 2011 done for Trulia.com and Realtytrac.com took responses from Read More...
Fannie Mae Offers 3.5% Closing Cost Assistance on HomePath Approved Homes
Fannie Mae is trying to get the foreclosed homes they own off their books. They want to make it easier for buyers to purchase these homes by giving up to 3.5% of the purchase price in closing cost help. The offer is good through June 30, 2011 for all Read More...
Emerging Mortgage Fraud Trends
Mortgage fraud continues to be one of the fastest growing crimes in the US. It usually fits one of 3 categories: Fraud for housing or property Fraud for profit Fraud for criminal enterprise 1. Borrowers commit fraud for housing, usually by providing false Read More...
How Soon Can I Buy A Home after Foreclosure? Short Sale?
Many people are finding themselves in a tough situation after a job loss or salary cut and have ended up short selling their home or worse, going through a foreclosure. There is hope after a distress sale, people can buy a home again. Here is a general Read More...
Home Sales Are Up...Prices Are Leveling
February saw the largest increase in number of contracts signed in the DC Metro area in more than a decade. There was a 33% increase in pendings (contracts signed) over last February. 4044 contracts were signed compared to 3041 in February 2010. The median Read More...
FHA 5/1 ARM Mortgage Program for Frederick Buyers
FHA loans are making up more than half of the financing in today’s Frederick real estate market . With tightening lending standards and increasing down payment stipulations, FHA is a great resource for many buyers. Here are the details on FHA’s Read More...
Buying a Short Sale in Frederick
Today there are 232 homes on listed on the Frederick real estate market as "Short Sales". This is 17% of the listings. Of the homes actually selling each month, short sales and foreclosures make up 30% to 35%. If you are considering buying a Read More...
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