Yahoo Finance has an interesting article on buyer and seller attitudes when buying and selling real estate. Looks like it is genuine, based on real research. Of particular interest to buyers of Ocean City Maryland properties, was this quote:
“Welcome, Out-of-Towners!
Out-of-state buyers tend to pay more than locals for properties of equal [...]
The Baltimore Sun had a good interview today with Diane Cipollone, Maryland Mortgage Fraud Prevention Project manager of the nonprofit law firm Civil Justice Inc. Ms. Cippolone has routinely worked with homeowners in danger of foreclosure and has a novel idea: many home owners and borrowers could have avoided trouble by consulting with an [...]
The Baltimore Sun is reporting that unless Congress extends it, the National Flood Insurance Program will expire May 31 — the day before hurricane season starts:
“If you are in the market for flood insurance or might need a policy soon to qualify for a mortgage, don’t wait to buy it.
Existing policies [...]
The Maryland Coast Dispatch had an interesting article this Friday about the impact of, what might be, a potential tsunami of Ocean City Maryland resort condominium and home foreclosures and REOs in the future:
“Locally however, Worcester County is below both the state and national average for foreclosure properties, but, according to Robert Smith, [...]
The Maryland Coast Dispatch had an article yesterday on the effects of the popping of the housing bubble on Worcester County Maryland property tax assessment values and tax revenues:
“Worcester County can expect $10.4 million less in property tax revenue in the next fiscal year compared to the current, according to recent land reassessment [...]
I’ve often thought that many homebuyers seem way too comfortable with way too little due diligence prior to making an offer on a property. I recently came across this article which addresses some of the other considerations Ocean City Maryland area home buyers should concern themselves with:
“Before you move, take a few minutes [...]
This has to be a super hot topic on the minds of the 1/3 of Maryland real property owners who will be receiving their Maryland real property assessment notices in the days ahead. The Baltimore Sun reported on December 29th that statewide Maryland real estate tax assessments were to fall an average of 19.7 percent:
The Maryland Coast Dispatch has a good article in it’s recent December 4th issue concerning the amount of assessment value decline for properties in the Greater Ocean City Maryland area:
“When the latest reassessment notices for the north end of Worcester County hit mailboxes later this month, most residents will not be surprised to [...]
