In what must be a major league sign of the times, dueling and competing auctions are planned tomorrow for the Bahia Vista condominium project in Ocean City, Maryland:
“Developer and landowner Spiro Buas will auction 11 units from the Bahia Vista I & II condominium buildings. At the same time, his former partners — [...]
It appears that the auction scene is significantly heating up in the Ocean City market with the announcement of 2 condo project auctions in the same day, as reported in yesterday’s Ocean City Today:
“Competing auctions will be held later this month for units in a bayside condominium because of a fractured partnership.
CNNMoney.com is reporting today:
“The real estate roller-coaster ride continued last year as the median price of U.S. single-family home plunged 11.9% to $173,200.”
Take your pick where we go from here:
“Michelle Meyer, Barclay Capital’s economist for new home construction, is predicting continued price declines through early 2010. By the second quarter, however, [...]
The Maryland Coast Dispatch is reporting the latest non-tax-increase tax increase this week proposed at the meeting of the Worcester County Maryland Commissioners:
“An attempt to recoup about half a million dollars for the tight Worcester County budget next fiscal year by reducing the discount for early payment of property taxes to half a [...]
CNNMoney had a very thought provoking article today that should be a must read for any home owner, particularly those pursuing a short-sale or deed-in-lieu end to their troubles:
“Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell [...]