Higher Loan Limits Spur Home Buying in Maryland Counties!
As part of the recent stimulus package, Congress authorized a temporary increase to conforming loan limits in certain high-cost parts of the country. In addition, the Federal Housing Administration (FHA) single family loan limits have changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009. These limits are effective [...]
Four Alternatives to Foreclosures and Short Sales
According to RISMedia, Fannie Mae and Freddie Mac modified nearly 24,000 loans during the fourth quarter of 2008, an increase of 76% over the previous quarter. The increase in the modification is a reflection of the actions taken to prevent foreclosures. As discussed in previous posts, some of the options to avoid foreclosure include forbearance [...]
Price Your Home To Sell In Any Market
Pricing strategy is key to selling your home. It is also dependant on what type of market we are in. A seller’s market is when we have an inventory of homes less than 6 months. A buyer’s market, therefore, is when we have an inventory of homes greater than six months. It’s simple supply and [...]
