Month: March 2012

Are Lenders in Trouble?

QUESTION: I have been reading in the papers that many Lenders are in trouble and are going out of

Regional Sales Contract – Amended Paragraph 7

Effective January 1, 2012, the Regional Sales Contract has been amended. The Property Maintenance and Condition Paragraph of the

There’s No Such Thing as a “Rush” REO Settlement

Given the recent surge in foreclosures in Maryland and across the country, it is no surprise that bank-owned (also

General Assembly Moves to Block Increased Taxes on Short Sales

An emergency bill has been introduced in the Maryland Senate and House of Delegates that would specifically prohibit counties

Maryland’s “Cash for Clunkers” Appliance Program Launches April 22nd

This spring, the United States Department of Energy will be distributing nearly $300 million in rebates to consumers as

Purchasing “Short Sale” Versus “REO” Properties

As Realtors are well aware, in the current marketplace, a majority of sales transactions are either bank owned properties

The GCAAR Short Sale Addendum

Short Sales have dominated our marketplace as of late and in response to this, many Realtors are now familiar

IRS Provides Help for Buyers and Sellers

Real Estate Agents need to become familiar with the latest Federal initiatives to assist the housing market and to

Purchasing Bank Owned, Foreclosure and Short Sale Properties

A great deal has been written recently about the sale of Bank Owned or Foreclosed properties, as well as

Can You “Lock In” Your Loan Rate?

By David Parker, Esq. QUESTION: I am about to settle on a house and I am worried about the interest

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