FHA Condo approval expiration dates were extended by the FHA, and this news shared by one of my mortgage partners, Brian Picker, of 1st Mariner Mortgage Corporation. Thank you, Brian! From Brian Picker, 1st Mariner Mortgage: Big news as older FHA Pre-construction Condos in Toronto projects were set to expire yesterday which would have been [...]
13 Ringleaf Court in Hunt Valley Station has returned to the market, and is a five bedroom home with two full baths upstairs, and a full bath on the lower level. **UPDATE: This home settled 1/28/2011** This is a Faust-built home in the Hunt Valley Station community. It is located on a court location, and [...]
With the many changes in the mortgage industry, it is hard to keep up with what deadlines are coming up next. On December 7, 2010, the FHA condo recertification process must be completed by each individual condominium complex in order to be eligible for homebuyers to receive FHA financing in their building. There is an [...]
Baltimore home sales were down in September by 19.4% over September 2009, with 1,706 homes sold versus 2,117 this time last year. At the same time in 2009, we had the First Time Homebuyer Tax Credit, which was originally due to expire September 30, 2009, before it was extended. The Baltimore County housing market took [...]
Hunt Valley Station single family homes have updates in September, with only one active single family home currently on the market. Two homes are under contract, 8 Timberwood Court, listed for $569,850, which went under contract recently and is due to settle next week, and 1210 Maple Leaf Ct, listed for $525,000, which went under [...]
At the end of 2009, HUD changed its' condo approval process for FHA condo financing. No longer can a community be given a "spot" approval when a unit goes under contract if a buyer desires to use FHA financing. Condominium developments must be approved in advance of an FHA sale and the approval is only [...]
What is a Broker's Open? Here in Baltimore County, Wednesdays generally are "Broker's Open" day. There is a fairly small area where Broker's Opens tend to be highly successful, and that is in the Towson, Lutherville, Timonium, and Hunt Valley neighborhoods. A Broker's Open is where a real estate agent and their brokerage invite agents [...]
The Home Valuation Code of Conduct (HVCC) will be eliminated, thanks to a bill signed into law by President Obama. HVCC was enacted in 2009, and has been a big issue in the appraisal battle many home sales have been experiencing. In June last year, Tasha Linton and I wrote about how HVCC Could Negatively [...]
Baltimore County home sales were up in June 2010. Baltimore home sales had not seen an increase in the past year, so this is great news. From RealEstate Business Intelligence, Inc. through MRIS, the Metropolitan Regional Information Systems (our local MLS), the numbers show that the Baltimore County average sold price is up 8.25%! The [...]
This Colonial, built in 1942, is located in the Parkville Summit community of Parkville, Maryland in Baltimore County. Located just off Putty Hill Avenue, this home is very convenient to both Harford Road and Perring Parkway exits off 695.