From our esteemed guest blogger, Tasha Linton, of Atlantic Home Equity Mortgage, more details about the Home Valuation Code of Conduct (HVCC), enacted May 1, 2009, and how it is negatively affecting home sales. -------------------------------------- As we all know, the recent implementation of the Home Valuation Code of Conduct (HVCC) has caused many issues in [...]
Beginning June 1, 2009, Maryland Law HB287, approved by the Governor May 19, went into effect. The bill discusses Real Property Condominiums -- Damage and Destruction. Here is a copy of the bill . What this means for the Towson condo owner is that before this bill, condominium associations, for the most part, were responsible for [...]
The site of the old jail in West Towson at the corner of Bosley and TowsonTown Blvd is due to have a new life -- as a community pool! Set to be open Memorial Day 2011, this would be a great addition to the Towson community. Loni Ingraham, of the Towson Times, wrote about it [...]
From our esteemed guest blogger, Tasha Linton, of Atlantic Home Equity Mortgage, more details about the first time homebuyer $8000 tax credit and how it can and cannot be used for buying a home. -------------------------- I am sure everyone heard about another change to the $8000 tax credit policy. On Friday, HUD Secretary Shaun Donovan announced [...]
On June 3, 2009, Judge Michael J. Finifter declared that the West Towson Elementary School can continue construction, ruling against a few Towson homeowners who had filed suit against the Board of Education in April. The homeowners live adjacent to the Ridge Ruxton School on Charles Street, the site where the new school is to be built. Their [...]
Memorial Day brings families together, and discussions many times go to real estate, especially when you have a member of your family who specializes in that field. I like to know my Towson real estate marketplace so when I am asked how much a home is that someone passed on the way to my house, [...]
As I wrote March 2, Towson Zillow Zestimates in general, are statistically off by a large amount. Last week I had a client call me because his HELOC was reduced by a large amount right in the middle of construction to improve his home. He could not understand how the bank could make the determination [...]
On Tuesday I wrote about an exciting new program that HUD & FHA were rolling out to let the $8000 Tax Credit for First Time Homebuyers be used as a downpayment. That has now been retracted, and the letter removed from the HUD site. Yet Yesterday, HUD Secretary Donovan said that many states already were [...]
**Update May 14, 2009, please see my update that HUD has retracted its statement and that this may NOT be the case everywhere.** The Secretary of the U.S. Department of Housing and Urban Development announced at the National Association of Realtors summit today that the FHA is going to allow lenders to let First Time [...]
Yes, believe it or not, you read that right. Tasha Linton, of Atlantic Home Equity Mortgage shared with our office that they are offering 105% Refi Plus on Fannie Mae or Freddie Mac Loans! What's the deal? Primary and investment properties qualify (no limit to amount of properties owned). You can refi up to 105% LTV [...]