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Maryland Mortgage Loans and Solutions – Gordon Haraway

Southern Trust Mortgage, specializing in helping home buyers realize the dream of home ownership. Purchase and Refinance home loans. Gordon Haraway is a Senior Loan Officer with Southern Trust Mortgage in Crofton MD (301) 938-1655

Also posted in buyers, Consumer News, Facebook users, FHA, Finances, Financing Options, first time home buyers, First-time Homebuyer, First-time homebuyers, Homes for sale, housing market, Maryland, Maryland Homes for Sale, real estate, real estate information, real estate news | Comments closed

1406 Flatwood Court, Crofton Maryland 21114

Cedar Grove Neighborhood

Welcome home to his beautifully maintained two bedroom, two bathroom condominium that is located in the Cedar Grove neighborhood of Crofton Maryland. This home boasts a beautiful step-down foyer tat leads to the spacious formal living room with ceiling fan, kitchen with breakfast bar, pantry and ceramic tile flooring, large master bedroom with a mirrored walk-in closet, ceiling fan, and master bathroom with ceramic tile flooring, nice-sized second bedroom and a full hall bathroom. The rear yard backs to vast wooded lot.

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Treasury hopes new rules send short sales to the rescue of underwater mortgages

In a short sale, a homeowner sells the property for its current market value, which is less than what’s owed on the mortgage, and the lender agrees to accept the lower amount. The new rules that offer participating lenders cash incentives to get them to approve more short-sale deals also allow them only 10 days to approve or reject short-sale purchase offers, said Treasury spokeswoman Meg Reilly.

Also posted in bank foreclosures, buyers, Consumer News, Economic Stimulus, FHA, Finances, Financing Options, first time home buyers, First Time Home Buyers Tax Credit, First-time Homebuyer, First-time homebuyers, Foreclosure, Foreclosure task force, government bailout, home values, housing market, Maryland, real estate, real estate information, real estate news, Real Estate Report, Realtor, sellers, Short Sale, Social Media, the Future of Real Estate | Tagged , , , , , , , , , , , , | Comments closed

Low Mortgage Rates, Catch Them While You Can

Low interest rates have been gracing the real estate market with their presence for the past year but the word on the street is that they won’t be here much longer.  While mortgage rates aren’t going to skyrocket out of sight, it is doubtful that they will decrease and certain that they will steadily begin … Continue reading Low Mortgage Rates, Catch Them While You Can

Also posted in bank foreclosures, Finances, Financing Options, First Time Home Buyer Tax Credit, first time home buyers, Foreclosure, Loan Modification, Maryland, Maryland Homes for Sale, Maryland Real Estate Training, Mortgage Info, real estate, real estate information, real estate news, Real Estate Report | Tagged | Comments closed

FHA May Be Changing the Rules and trying to close down more fraudulent lenders.

The Federal Housing Administration is proposing to increase the up-front cash paid by borrowers as part of an effort to shore up the agency’s finances, which have been staggered by rising defaults in its flagship mortgage insurance program, according to FHA officials. The changes also include raising minimum credit scores for borrowers who receive FHA-backed … Continue reading FHA May Be Changing the Rules and trying to close down more fraudulent lenders.

Also posted in bank foreclosures, Consumer News, FHA, Finances, Financing Options, First-time Homebuyer, Foreclosure, Future of Real Estate, government bailout, housing market, Interest Rate update, Lenders, real estate | Tagged , , , , | Comments closed

Impressive October Real Estate Sales Show Signs of Recovery

Price declines are getting smaller, sales volume is getting larger and the overall real estate market appears to be mending.  October sales were up for pre-existing home sales, 23.5% up compared with October of 2008.  Homes sales for October were predicted to be 5.70 million, but the sales volume turned out to be 6.1 million. Encouraging … Continue reading Impressive October Real Estate Sales Show Signs of Recovery

Also posted in Community News, Consumer News, Economic Stimulus, First-time Homebuyer, First-time homebuyers, real estate, real estate news | Tagged , | Comments closed

Does It Really Matter if We’ve Hit Bottom?

The biggest question hovering around these days is, have we hit bottom?  Whether this question be a general question regarding the recession or the real estate market, we have to ask does it matter?  Whether we hit bottom a couple of months ago or are going to hit it a couple of months from now, … Continue reading Does It Really Matter if We’ve Hit Bottom?

Also posted in Consumer News, First-time Homebuyer, First-time homebuyers, real estate | Tagged , | Comments closed

President signs Expanded Tax Credit For Home Buyers

On Friday, President Obama signed the Expanded Tax Credit Bill, it’s offical!! On Wednesday the senate passed an expanded tax credit.  The First Time Home Buyer Tax credit has been seen as a huge What is new and improved with the extended and expanded tax credit?  The new and improved tax credit is still for … Continue reading President signs Expanded Tax Credit For Home Buyers

Also posted in buyers, Economic Stimulus, first time home buyers, First Time Home Buyers Tax Credit, First-time Homebuyer, First-time homebuyers, real estate, Tax Credit | Tagged | Comments closed

Homebuyer Tax Credit Extension, Will it Happen?

There is a LOT of misinformation out there right now as regards the status of NAR’s efforts to extend and expand the homebuyer’s tax credit.  Between inaccurate reports in the media and the speculative discussions around the office water cooler and through various social media networks, the variation of stories continues to grow. As of 2:30 p.m. this afternoon, here … Continue reading Homebuyer Tax Credit Extension, Will it Happen?

Also posted in Economic Stimulus, First-time Homebuyer, real estate | Tagged | Comments closed

Forecast Expects Foreclosures to Decrease in Coming Year

The latest data released by UFA L.L.C., a firm located in Ann Arbor Michigan that researches mortgage activity, states that foreclosures are expected to decrease in the next year.  After four years on the rise there is no doubt that it will be nice to see foreclosures start to subside. Improvements in the foreclosure arena … Continue reading Forecast Expects Foreclosures to Decrease in Coming Year

Also posted in Consumer News, Foreclosure, real estate | Tagged | Comments closed

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