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RECENT BLOG POSTS
In trouble and thinking about a short sale? Help is on the way.By Kenneth R. Harney If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's newstandardized short-sale plan that's scheduled to roll out during the next several months.The program...
12/15/2009
7 COMMON SHORT SALE MYTHS MYTH #1: I must stop making my mortgage payments before the bank will approve a short sale.TRUTH: You do not have to stop making payments on your home in order for the bank to approve a short sale. What the bank needs to see is a solid reason why you are unable to contin...
12/13/2009
OPEN HOUSE this Saturday, 12/12/09 from 12 - 3pm for 5603 44th Avenue, Hyattsville, MD       3BR/2+1BA Townhouse        offered at $415,000Year Built    2007Sq Footage    1,550Bedrooms    3Bathrooms    2 full, 1 partialFloors     3Parking     2 Car garageLot Size    819 sqftHOA/Maint    $169 per ...
12/12/2009
FHA 203K LOAN PROGRAMHow Can Renovation Loan Help You?   Much of our present listing inventory consists of bank-owned properties.Many of those properties are in unacceptable as-is condition for traditional mortgage financing.Therefore, absent a renovation loan program, they may only be sold for c...
12/10/2009
Foreclosure Overview & Foreclosure Process What is Foreclosure?Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner default...
12/09/2009
The Ugly Truth About Loan ModificationsOk, so just about everybody has heard about loan modifications, or loan mods for short. They are also called loan workouts, loan restructuring, among others. I'm going to explain what types of loan mods exist, and who can or can't likely get them. What kind ...
12/08/2009
Home Affordable Foreclosure Alternatives Program (HAFA) On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in con...
12/06/2009
6 Reasons Why a Short Sale is Your Answer to Financial Freedomby DURRELL THOMAS Six Reasons to Short SaleShort sale transactions are a common method for buying and selling homes in the United States. For sellers in particular, a short sale could bring you the financial freedom you need to move fo...
12/03/2009
RSVP for Keller Williams 5th Annual Productivity Day this Saturday, December 5th at 8am. The Event is FREE and is hosted by Keller Williams Preferred Properties of Upper Marlboro, MD. Call 240-737-0568 to Register!       For further assistance, please contact us:BBT Real Estate Group, LLCaffiliat...
12/02/2009
Should We Stop Making Mortgage Payments to Do a Short Sale?By Elizabeth Weintraub Question: Should We Stop Making Mortgage Payments to Do a Short Sale?A reader asks: "Should we stop making our mortgage payments while our home is on the market as a short sale? We've tried to do a loan modification...
12/01/2009
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