Monthly Archives: May 2009

Incorrect Towson Zillow Zestimates Strike Again

May 26th, 2009

Memorial Day brings families together, and discussions many times go to real estate, especially when you have a member of your family who specializes in that field. I like to know my Towson real estate marketplace so when I am asked how much a home is that someone passed on the way to my house, [...]

Misleading Towson Zillow Zestimates Explained Further

May 21st, 2009

As I wrote March 2, Towson Zillow Zestimates in general, are statistically off by a large amount. Last week I had a client call me because his HELOC was reduced by a large amount right in the middle of construction to improve his home. He could not understand how the bank could make the determination [...]

HUD Withdraws Offer/Statement on $8000 Tax Credit

May 14th, 2009

On Tuesday I wrote about an exciting new program that HUD & FHA were rolling out to let the $8000 Tax Credit for First Time Homebuyers be used as a downpayment. That has now been retracted, and the letter removed from the HUD site. Yet Yesterday, HUD Secretary Donovan said that many states already were [...]

$8,000 Tax Credit Can Be Used for Downpayment for Baltimore Homebuyers

May 12th, 2009

**Update May 14, 2009, please see my update that HUD has retracted its statement and that this may NOT be the case everywhere.** The Secretary of the U.S. Department of Housing and Urban Development announced at the National Association of Realtors summit today that the FHA is going to allow lenders to let First Time [...]

105% Refinance on Fannie Mae or Freddie Mac Owned Loans

May 9th, 2009

Yes, believe it or not, you read that right. Tasha Linton, of Atlantic Home Equity Mortgage shared with our office that they are offering 105% Refi Plus on Fannie Mae or Freddie Mac Loans! What's the deal? Primary and investment properties qualify (no limit to amount of properties owned). You can refi up to 105% LTV [...]

19 Clarion Court – The Abbey at SherwoodCockeysville, Maryland – Offered at $499,900

May 1st, 2009

Well maintained single family Colonial in the Abbey at Sherwood subdivision off of Sherwood Rd in Cockeysville, Maryland - south of Hunt Valley and north of Timonium.