Monthly Archives: January 2010

Unexpected Snow Storm Wreaks Havoc in Towson

January 31st, 2010

A large amount of snow blanketed the Baltimore area yesterday, causing major problems on roads north and south of the Beltway. Forecasters were predicting a dusting to three inches of snow. As most of us realized yesterday, it was more like 6-10 inches. The major problem was that State Highway Administration crews apparently were not [...]

Homebuyers Claiming Tax Credit Cannot E-File

January 29th, 2010

Homebuyers who are claiming either the $6,500 move up credit or the $8,000 First Time Homebuyer Tax Credit cannot file electronically, according to the IRS. One of my past clients let me know of this after she read an article on MSN. (Thank you for the information and link!) The reason for this restriction is [...]

More FHA Changes to Happen Mid Summer

January 28th, 2010

On January 20, I wrote about the new likely major FHA loan changes that were being announced. One of those changes is going into effect on April 5, 2010, as I wrote on January 21, with the upfront mortgage insurance premium being raised from 1.75% to 2.25%. A press release was placed on the [...]

White Marsh Real Estate Values May Get Boost From GM Electric Motors Plant

January 26th, 2010

General Motors announced today that its White Marsh plant is going to be its hub for building electric cars, creating 200 new jobs in Baltimore County. Andrea K. Walker of the Baltimore Sun reported this news shortly after GM announced it this afternoon. This could be wonderful for the White Marsh and Perry Hall housing [...]

Stoneleigh Real Estate – Avondale Road

January 26th, 2010

Stoneleigh has always been a very popular area when it comes to buyers looking for older homes in an established neighborhood. Currently, there are five homes for sale with an average list price of $573,780. Two of these homes are on Avondale Road, a very small street connecting Stoneleigh Road and Kingston Road. 6901 Avondale [...]

Barack Obama to Visit Baltimore for First Time as President

January 24th, 2010

This Friday will mark President Obama's first visit to Baltimore since becoming the 44th President of the United States of America. He will be in town to join the House Republican retreat at the Renaissance Baltimore Harborplace Hotel in Downtown Baltimore. Paul West of The Baltimore Sun reports that the House Republicans chose Baltimore to [...]

Chili Winter Days at Boordy Vineyards — this Weekend and Next!

January 23rd, 2010

Weekends have gotten a bit more interesting in Baltimore County at Boordy Vineyards. Each weekend in January, Boordy hosts the "Chili Winter Days" from 1-5 pm, where you can drink Wassail while you tour the winery, and eat chili paired with their red wines if you are of age. Dean & Brown Catering is supplying [...]

HUD Temporarily Waives FHA 90 Day Policy to Move Foreclosed Homes

January 22nd, 2010

In an attempt to move foreclosed properties more quickly, HUD has temporarily waived the 90-day ownership guideline, making these foreclosed properties available to FHA homebuyers. RISMedia reports that: In today’s market, FHA research finds that acquiring, rehabilitating and reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA [...]

First New FHA Mortgage Insurance Premium Change to Happen April 5, 2010

January 21st, 2010

Yesterday, I wrote about the major FHA fee changes that could be coming up. Today, the mortgagee letter went out to FHA approved banks, stating that the upfront mortgage insurance premiums collected will be 2.25% instead of the 1.75% they are now. I would like thank Michael Johnston from Carrollton Mortgage Services, Inc. for sharing [...]

Baltimore Restaurant Week January 22-February 7, 2010

January 21st, 2010

An exciting time in winter happens in Baltimore when Restaurant Week comes to town and full three course dinners at select restaurants are only $35.10! You will want to make reservations, because these restaurants will book up quickly -- this is an amazing deal for these three course meals! There are so many places participating [...]