Did Your Offer Get Rejected By the Bank?

January 7, 2010 by Admin · Leave a Comment 

I’ve had several clients recently who have come up against a common challenge in buying a home right now, and I’m not talking about tough lending standards!  It’s hard enough to be a first time home buyer in Southern Maryland;  Trying to understand the loan process can be stressful, understanding all of the moving parts [...]

Yes, You CAN Buy a PG County Foreclosure for $1,000 Down!

July 10, 2009 by Admin · Leave a Comment 

As you may have heard, HUD’s Neighborhood Stabilization Program (NSP), has been implemented in Prince George’s County, Maryland, and the incentives for buying a foreclosure in PG County are STAGGERING! The goal of the program is to reduce the number of vacant homes in neighborhoods troubled by foreclosures. Through a government funded program (Thanks to [...]

Down Payment Assistance for PG County Foreclosures!

July 7, 2009 by Admin · Leave a Comment 

If you’re looking to purchase a foreclosure in PG County and you’re a first time home buyer, there’s good news afoot!  HUD has approved a new program to provide down payment assistance for low income families in PG county ONLY! The Neighborhood Stabilization Program (NSP) and the Down Payment Closing Cost Assistance Program (DPCCA) have [...]

Southern Maryland Foreclosures: What You Should Know!

May 20, 2009 by Admin · Leave a Comment 

Foreclosures are a great opportunity to get a home at a bargain price in Southern Maryland.  Home buyers need to be wary, however, because there are several easy to miss pitfalls and risks associated with buying a foreclosure. 1.    Condition Dictates Value This means that the condition of the home will affect what the home [...]

Avoiding Bad Apples

March 3, 2009 by Admin · Leave a Comment 

Unfortunately, sometimes things just don’t go according to plan.  Bad apples exist everywhere, especially in the real estate market.  You do your best to avoid them, but the problem with bad apples is that they may look great on the outside, and there’s no way to know about that worm waiting for you to bite! [...]

Fannie Mae decides they like renters!

December 22, 2008 by Admin · Leave a Comment 

Mortgage giant Fannie Mae has made a major policy change nationwide for renters living in properties that they have foreclosed on.  Up until now, renters could be forcibly evicted from their home after a foreclosure occurred, often without any warning whatsoever.  Starting January 9th, when they start their foreclosures back up, they plan to start [...]

Foreclosure flipping in Charles County, MD

December 20, 2008 by Admin · Leave a Comment 

I’m seeing an increase recently of investors in Charles County looking to buy and flip foreclosures.  For the savvy investor there is a big opportunity to make a nice chuck of change, particularly in Waldorf, but it’s not as easy as Flip This House makes it seem.  Selling a home is still tough in this [...]

Elegant Mansion in Columbia, MD

October 2, 2008 by Admin · Leave a Comment 

[youtube=http://www.youtube.com/watch?v=Y7MeowCA3GQ] This stately home, with over 10,000 finished square feet of living space, is available now for $1,599,000. Situated on just under 2 acres in a picturesque location, this is a fantastic opportunity to purchase a fantastic foreclosure at an outstanding price! Please contact Jonathan Benya for all inquiries/information. ~Jonathan Benya- Realtor Century 21 New [...]

Buying A Charles County MD Real Estate Foreclosure?: Get It Inspected!

August 21, 2008 by Admin · Leave a Comment 

There seems to be a common misconception about buying a real estate foreclosure in Charles County.  Banks are trying to get as much money as possible for the real estate they own, but they typically demand that their homes are sold “as-is” (What Does “as-is” mean in real estate?). This does NOT mean that you [...]

The Art of Lowballing a Foreclosure

August 20, 2008 by Admin · 1 Comment 

Trying to buy one of the multiple foreclosures (REO, or Real Estate Owned) for sale in Waldorf, MD or Charles County MD? Most folks who are trying to buy a foreclosure are looking for a great deal, and while there are some deals to be had, it seems like there is just as much overpriced [...]

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