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

September 5, 2008 by admin · 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 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 [...]

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

July 30, 2008 by admin · 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 [...]