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This video with Blair Warner, credit specialist with Upgrade My Credit, is a discussion of the best tips and advice for people who have had the unfortunate experience of selling their home through a short sale. The credit score takes some dings, but the Read More...
Completed Foreclosures in September 2013 were down a significant amount year over year... 39% lower than last September. Although this is great news, the number is still higher than the monthly average that we experienced from 2000 to 2006. According Read More...
We have been seeing the number of short sale listings decrease throughout 2013. At the beginning of 2012, about 30% of the listings in Frederick County were short sales. Lately the number has been about 10% to 12%. We still believe that short sales won't Read More...
Short Sales in the Frederick Real Estate Market Spring 2013 As the Spring market approaches, we've seen a shift in the market concerning short sales and foreclosures. Overall, the inventory has decreased by 30% from this time last year, with a very Read More...
Short Sale News in Frederick Md ~ Feb. 2013 We're seeing several trends in the Short Sale market in Frederick County Md this winter (2012-2013). Monthly statistics from MRIS (Mid-Atlantic Regional Information Systems) are showing a steady decline Read More...
Tax Break Extended for Homeowners Who Short Sale The tax break for homeowners who short sell their residential home has been extended in Congress's fiscal-cliff deal. This is a key in supporting distressed homeowners and the housing market. The Mortgage Read More...
Housing Metrics from September 2012: The number of days it takes on average to sell a home has decreased over the last 12 months. This is the sign of an increase in demand in the real estate market. The decrease is more than 30%; it takes 1/3 less time Read More...
Five More Short Sale Myths Busted: Continued from 5 Common Short Sale Myths 6.) Short sales will cost me money out of pocket. A short sale should not cost you any out of pocket money. In fact, you could get between $3000-up to $30,000 to participate in Read More...
Before we bust some myths, lets go over some Short Sale Truths: A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. Short Sales are not new; banks have been doing them Read More...
Another Successful Short Sale Earlier this year a home in Northern Frederick county, which was a short sale, sold after about 8 months. The home was listed on November 9, 2011 for $235,000. This was a lovely 3 bedroom Cape Cod, with hardwood floors and Read More...
Waterside, Frederick - The 3 story at 7975 Parkland Place has been sold. This Frederick Short Sale went on the market on April 18, 2012, listed at $220,000. The home was under contract on May 31st, and settled on September 20. The selling price was $209,000. Read More...
Going through the process of a Short Sale is a lot more work for the seller than just walking away. Which is a better alternative for the seller – short sale or foreclosure? Here are the advantages of doing a short sale: A short sale provides a Read More...
Pricing in the local real estate market depends on the concept of "supply and demand". In real estate, supply and demand is represented as the current month’s supply of homes for sale (the number of homes for sale divided by the number Read More...
Banks are getting the picture... after 5 years of helping sellers negotiate a short sale, I'm glad to say that banks have figured out that a short sale is better for their bottom line. I'd like to say that the banks also realize that short sales Read More...
Short sales and foreclosures have a different effect on us all. Some people believe that what happens to the house down the street is not our business, and although that is true in a sense, what happens to the house does effect us. Short Sales have less Read More...
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