Buying a home

FHA Condo Rules Make Selling Many Condos Difficult

November 4th, 2011

Recently, there were changes made to the FHA condo regulations on which projects can be FHA insured or not. According to a Washington Post rundown of the changes, a major one is the "spot approval" that used to be acceptable to be eligible for an FHA loan. Another article goes more in depth on the [...]

A New Low for Incorrect Zillow Zestimates

August 31st, 2011

Last night, Zillow posted a tweet, inviting you to look at this glorious mansion on the market for $35,000,000. Please note, that is $35 MILLION. The amusing part to me, is when I clicked on it, directly under the asking price is the Zillow Zestimate: $396,500. Yes, you read that right, Three hundred ninety-six THOUSAND, [...]

11615 Silvermaple Ct – Hunters Run

June 8th, 2011

11615 Silvermaple Ct is a single family home in Hunt Valley Station. *UPDATE: SOLD 8/31/11* It is on the market for $524,000. 11615 Silvermaple is a four bedroom home with a possible 5th bedroom and full bath in the lower level. It has a large screened in porch with cathedral ceiling, updated kitchen [...]

1210 Maple Leaf Ct — Hunt Valley Station

May 4th, 2011

*UPDATE: Withdrawn from the market 12/17/11* 1210 Maple Leaf Ct is a four bedroom single family home in Hunters Run. 1210 Mapleleaf Court is a Ryland built Colonial in Hunt Valley Station, and is on the market for $485,000. According to the public records, it has 2,064 square feet on the first two levels. It [...]

1110 Walnutwood Drive – Hunters Run

March 24th, 2011

1110 Walnutwood Drive is a beautiful Hunters Run house, and is on the market for $619,900. **UPDATE 7/26/11: SOLD!** Located at the corner of Silvermaple, it has a convenient location & beautifully landscaped yard! This is a Ryland "Calvert" model, the largest the builder built in the Hunters Run community. Gleaming hardwood floors [...]

First Time Buyer $7500 Grant Federal Home Loan Bank is Back!

February 4th, 2011

Federal Home Loan Bank's $7,500 First Time Buyer Grant is back for many qualifying individuals. Brian Picker, one of my mortgage partners from 1st Mariner Mortgage, announced the return of the program and his company's involvement in it. Here are particulars on the grant qualifications from the information he sent over to me: Details: •            [...]

11513 Hunters Run Drive – Hunt Valley Station

January 17th, 2011

11513 Hunters Run Drive is a four bedroom single family home in Hunters Run. *SOLD 8/15/11* 11513 Hunters Run Dr is a Faust-built Hunt Valley Station home with, according to the public record, 2,782 sq ft on the first two levels. It is listed for sale for $530,000. The walk-out lower level has [...]

8 Wineleaf Ct – Hunters Run

January 17th, 2011

8 Wineleaf Ct is a four bedroom single family home in Hunters Run. **UPDATE: SOLD 4/29/11** 8 Winleaf Court is a Ryland built Colonial in Hunt Valley Station, and is on the market for $555,000. According to the public records, it has 2,962 square feet on the first two levels. The walk-out lower level is [...]

Computerized Appraisal Problems

January 5th, 2011

Computerized appraisals have been an issue for awhile, but recently, they have become a problem for a much larger group of people. Appraisals done by people in general are both objective and subjective, which means that often if you had two professional appraisers come to your house, you would likely get two different price opinions, [...]

FHA Condo Approval Expiration Dates Extended

December 8th, 2010

FHA Condo approval expiration dates were extended by the FHA, and this news shared by one of my mortgage partners, Brian Picker, of 1st Mariner Mortgage Corporation. Thank you, Brian! From Brian Picker, 1st Mariner Mortgage: Big news as older FHA Pre-construction Condos in Toronto projects were set to expire yesterday which would have been [...]

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