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Archive for March, 2009
Inventory of distress sales trending down
March 18th, 2009 Categories: Foreclosures
In January I provided a snapshot of distress sales in Montgomery County. With a significant increase in contract volume for entry level homes, I hoped to see reductions in the inventory of distress sales. Two months later, the data strongly suggests that we may be through the worst of foreclosures from the sub-prime mortgage melt-down.
Here’s a snapshot of the number of pre-foreclosures (short sales) and bank-owned properties by area: Read the rest of this entry »
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Gorgeous in Gaithersburg
March 13th, 2009 Categories: Gaithersburg
This colonial has fantastic space just where you need it — the kitchen, family room, sunroom and breakfast area. The kitchen island is a staggering 11 feet that can comfortably seat six. Want to get away from it all? The master suite is a mini-villa with double cathedral ceilings, hanger-sized closet, two room master bath and sitting room. Check out huge pictures and all the details at www.PineConeCourt.
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Is “conforming” and “jumbo” mumbo-jumbo?
March 1st, 2009 Categories: Buying
| It ought to be simple: What are the basic loan programs? What are the differences in rates? And what’s the minimum down payment with each program?
Bob Kirchner with George Mason Mortgage has provided a an update on rate movement over the last week and gives a great summary on the basics. Click the play button to the left and get all the details. |
Contact us with more questions about mortgages and getting ready to buy in Montgomery County, Maryland.
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