How the wrong Realtor will cost you $20,000!!!

August 17, 2009 by Jonbenya · Leave a Comment 

The PG County “Down Payment on Your Dream” program, also known as the Neighborhood Stabilization Program (NSP) or Down Payment Closing Cost Assistance Program (DPCCA) is proving to be wildly popular.
I get multiple calls each and every day regarding the program, and unfortunately not everybody found out about the program in time. I get at [...]

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

July 10, 2009 by Jonbenya · 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 Jonbenya · 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 [...]

$8,000 Tax Credit Can Be Used for Down Payment!

May 15, 2009 by Jonbenya · Leave a Comment 

If you’re looking to buy your first home but can’t afford the down payment, there may be help out there!
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a [...]

Prince George's County real estate market update for August, 2008

September 5, 2008 by Jonbenya · Leave a Comment 

The volume of foreclosures in P.G. County is still roiling the local real estate market.  Inventory (Active Listings) continues to rise (over 8,000 homes available, there were less than 1,000 listings at the peak of the market), and home sales continue to slope downwards.
It’s interesting to note that there was a spike in average sales [...]

The Art of Lowballing a Foreclosure

August 20, 2008 by Jonbenya · 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 [...]

Hope for Homeowners Act of 2008; Who does this help in Maryland?

July 30, 2008 by Jonbenya · Leave a Comment 

It’s official: The Hope for Homeowners Act of 2008 has been signed by the president and now we shall see who this helps.  For struggling homeowners in Maryland, here’s a quick breakdown of the criteria to qualify:
In order to apply for this program, you must:

Have a loan originated prior to 2008
Be paying paying more than [...]

Great Foreclosure Deal in Hyattsville, MD! $199,017 for a Single Family Home!

July 5, 2008 by Jonbenya · Leave a Comment 

    The bank has decided that this property has GOT TO GO!  Here’s you’re chance to buy a single family home in Hyattsville, MD for less that $200,000!!!
    If you’re looking for a foreclosure deal in Hyattsville, THIS IS IT!!!
5017 54th Pl. Hyattsville, MD
~Jonathan BenyaCentury 21 New Millennium9405-A Chesapeake StLa Plata, MD [...]

Feds Press Charges in Metropolitan Money Store Scheme

June 13, 2008 by Jonbenya · 3 Comments 

    It looks like things are moving forward with the case against Joy Jenise Jackson (formerly known as a stripper named Night Rider), Kurt Fordham, and The Metropolitan Money Store.
    Remember them?  They’re the one’s accused of "saving" people from foreclosure, while stripping their equity out from under them, and leaving the victims [...]

Understanding the Foreclosure Auctions

February 22, 2008 by Jonbenya · Leave a Comment 

The Washington Post just posted an article titled: "Foreclosure Auctioneer’s Lonely Task".  It’s an interesting read, even if it’s a bit theatrical.  There was a quote in there that I found particularly striking:
"Banks don’t want your house; they want your money. They want to work with you so you can keep your house. With the [...]

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