The First Time Buyer Credit is Extended and includes current owners!

November 7, 2009 by Admin · Leave a Comment 

Great News!  The $8,000 first time home buyer tax credit has been signed into law a few moments ago!  Instead of expiring on December 1st, 2009, it has been changed to June 30th, 2010!  You need to have a ratified contract in place by April 30th, 2010, and you have up to 60 days to [...]

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

August 17, 2009 by Admin · 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 [...]

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 [...]

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

May 15, 2009 by Admin · 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 [...]

Joy Jackson Pleads Guilty, She's Taking a Cue from Bernie Madoff!

March 31, 2009 by Admin · Leave a Comment 

It may not save the homes of the people scammed by this scumbag group, but at least some justice has been served.  Joy Jenise Jackson, the former head of the Metropolitan Money Store, has pleaded guilty on charges of conspiracy to commit mail and wire fraud, which carries a maximum prison term of 30 years. [...]

Maryland Home Equity Thief Pleads Guilty

December 11, 2008 by Admin · Leave a Comment 

If you’ve been following my blog for awhile now, you probably know that I like to keep up to date on the real estate scams that have littered the metro area in recent years. One of the scams that I wrote about awhile back was the Metro Money Store scam. I won’t go into all [...]

Southern Maryland interest rates drop!

December 6, 2008 by Admin · Leave a Comment 

Wow, if you’re looking to buy a home in southern Maryland, P.G. County, waldorf, etc, rates are sitting as low as 5.375% right now! It’s possible that they may go even lower! This should encourage more people to consider locking in a loan if they’ve been on the fence about the home market. I’m curious [...]

Maryland Short Sale Negotiation- The Art of the Hardship Letter

November 5, 2008 by Admin · Leave a Comment 

There’s been a huge increase in Southern Maryland Short Sales over the last year thanks to the ongoing housing crisis. More often than not, they end up as foreclosures, many times because the path to negotiating is at best, murky. When working with a lender to get a short sale agreement, there are several things [...]

Getting Ready To Sell Your Home? Rule #1 to Choosing an Agent

October 21, 2008 by Admin · Leave a Comment 

Choosing a Realtor is a big decision.  Every Realtor (myself included)  is trying to tell you why they’re the greatest thing since sliced bread and why it would be a mistake to even consider working with someone else.  It makes Realtors gigantic windbags, but that’s a real estate agent’s job: to market/promote themselves and their [...]