American Banker.com posed the question today that many observers have been asking for awhile now: where the heck are all of the foreclosures?
“Ever since the housing collapse began, market seers have warned of a coming wave of foreclosures that would make the already heightened activity look like a trickle.
The [...]
The Daily Times had an article today highlighting some of the features of Maryland’s new foreclosure law revision:
“Several amendments to Maryland’s foreclosure law became effective July 1. Among many changes, a homeowner can now request mediation.
A mediation is basically a meeting to discuss and explore options. A foreclosure mediation [...]
There has been a lot of buzz as of late about a new refinancing initiative that promises to “reduce principal.” While there are many conditions on eligibility, and while as proposed it would only be available to “primary home” borrowers (thus excluding the second home and investment property owners here in the Ocean City Maryland [...]
Business Insider is reporting what many believe is happening nationwide and what could have a profound impact on Ocean City Maryland’s future real estate inventory of homes and condominiums for sale:
“With the expiration of the first-time buyer tax credit on April 30, there are now two main props keeping the housing [...]
Back in November of last year we discussed how the Makai Condominium in Ocean City Maryland was planning a condominium unit auction sale of “at least 15… auctioned to the highest bidder regardless of price.”
That sale apparently went well enough that they are planning another big one on July 31st:
“Max Spann [...]
Time.com is reporting another incredible bit of housing news yesterday. Bad news for home sellers, but good news certainly for prospective home buyers with patience:
“In a sign that the housing market has taken another turn for the worse, a new report shows almost a quarter of all home listings in the [...]
This one is so predicable to many that follow the housing market that it may not qualify as news– but we will report it anyway:
“The Refinance Index decreased 2.9 percent from the previous week and the seasonally adjusted Purchase Index decreased 3.1 percent from one week earlier. This was the lowest Purchase [...]
Yahoo Finance had an interesting article and interview on the topic of where we go from here, house price wise:
“We’re on our way to a second leg down in housing price, says Barry Ritholtz, writer of The Big Picture a founder of investment research firm Fusion IQ.
Why?
In short, because [...]
The Orlando Sentinel had a good article today that is worth a read by any homeowner considering a short sale as a way to get out of an underwater loan. Although it is a Florida-focused article, the same caution would also apply to a Maryland homeowner:
“What these homeowners, whose loans are “underwater,” may [...]
Well, so you missed the April 30th deadline for buying a new home and with it, a potential government tax credit? Not to worry, the builders are back to cutting…
again.
“… since the tax credit for home buyers expired at the end of April, sales of new homes have fallen sharply. In response, builders [...]
