tigreroar's Blog: All Categories

 $ 8000 Tax Credit for Maryland First Time Home Buyers

 

If you are renter and live in Maryland, you have never had an opportunity like today to buy your first home. I honestly believe that you can replace your present MD rental home .. paying the same amount per month. . and simply OWN IT! 3 things that you must be aware of . . . #1 Today we have the best inventory available right now at REALISTIC    PRICES #2 The Lowest Interest Rates seen in YEARS! #3 $8,000 Gift to you  from the Government.. .  

The $8000 tax credit highlights include:

• It is available only to first-time home buyers
• The tax credit is only available for the first-time home buyers to buy a primary residence
• First-time home buyers who purchase a home from the…

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Buying A Foreclosure in Maryland . .  it's easy but you'll  need good credit

Don’t assume that just about any person with average credit can scoop up a foreclosed property. Contrary to popular belief and to get this out of your head. .don't think that those banks are desperate to sell, right now to anyone that comes around.?  Well. . . as much as they love to sell these foreclosures-there is an obstacle. Your CREDIT RATING
The reason  that banks got into this mess to start with it's because of the relaxed standards given to anyone that desired to buy a propety a few years ago. . anyone could buy then.
Not anymore. 
A good credit helps;but you will also have to prove the bank that you have the income to carry the mortgage as an investor .… Read Full Post

 Foreclosure Lists
What you should know:

Finding foreclosure listings in the Internet can be confusing and costly. You can actually contact the lenders directly to obtain a foreclosures list for your city or county. Then again, you would spend hundreds of hours just searching in all the sites to compile a foreclosures list that will be useful for you.,
The main advantage of foreclosure listings obtained directly form the lenders  is that you know they are quality because they are coming straight from the source. The difficult part of course is your time. There are hundreds of banks with foreclosures at the moment.
In some states like in Arizona, foreclosure sales account for 65% of all sales in the state. In our state of Maryland, these numbers…

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Real estate agents. .why you should use them to find foreclosures and short sales in Maryland DC and Virginia

 Agents usually have the easiest access to properties, that is the obvious thing. .but if you tell them that you are looking for something to purchase and you have not yet gotten an approval from a lending institution, you are probably not going to get much information. The real estate principles of any Realtorcomes NOT from Real Estate School attended but with the experience gained in trying methods after methods assiting buyers find the best INVESTMENT PROPERTIES in the market.

An advice for you: When you have made a decision to buy a property. . what you must do is find one agent that you feel comfortable with and explain exactly what you…

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                   Homes For Sale In Germantown Maryland

                                             (Market Report)

  Germantown Maryland area days on market for single family homes has slowly been creeping down and inching downward over 2008. The Montgomery County days on market is all over the place. We have been seeing fluctuations as high as 300 days but in reality. . the short sales has put a grey cloud in these stats. A lot of short sales remain in the market not because they can’t be SOLD. . simply because the banks are taking their sweet time to allow for a sale to happen. . For this reason, any attempt to look at the Days On The Market (DOM) for the pulse of the market in Germantown Maryland will have to exclude Short Sales.   Taking… Read Full Post

 Finding Frederick MD homes and Real Estate is very easy now with the services offered by Herboso & Associates.  Our Buyer's Agents are experts in the Frederick MD  real estate market, new homes, schools, and other areas of interest for the relocating family or the first time home buyer.

Frederick is nestled just north of Washington DC. I-270 is the inter-connector to the Beltway in the DC area. A lot of families have come to Frederick MD for the small town family atmosphere and yet. . so close to the nation’s capital

From annual events such as Arts Fests, Oktoberfest, Antique Shops, Restaurants and sports events, there is never a dull moment in the city of Frederick.

In Frederick County you'll find plenty of comfortable neighborhoods to call home…

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 When should a short sale be an  option for a seller?

The obvious reason, a foreclosure can have a devastating impact on someone’s credit report that will have a lasting effect for years to come. A short sale unlike a foreclosure is typically reported on a credit report as a debt that is “settled for an amount less than what is due”. Of course that will cause your credit score to drop but. .  it will be nowhere near as bad  as the reporting of a foreclosure.

The question to ask now is  “Why would a lender agree to a short sale?”

The answer is amazingly very simple: Lenders do not want to own houses. Lenders are in the business of loaning money, not in the business of owning houses.  Nowadays, banks are more agreeable to take a short sale to the closing…

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 Foreclosures/ Bank Owned Properties in Montgomery County MD

 When a homeowner defaults on his/her mortgage in Montgomery County MD, the lender will start a process of reclaiming the property back to their investor. This is a process that gets initiated as soon as a homeowner is late 30 days on their mortgage.

At this point, the homeowner is best advised to contact their bank and be honest and upfront with them from the beginning. Silence will not help your cause.. . as a matter fact, silence will cause them to accelerate a foreclosure date. 

When a foreclosure is completed and the lender takes full possession of the house, the first attempt in selling this property is by foreclosure auction at the steps of the local courthouse.

Normally, these homes…

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