Baltimore foreclosure

Baltimore Foreclosures 2014

February 19th, 2014

Baltimore Foreclosures for the beginning of 2014 were up, and in a big way. RealtyTrac, a company that tracks foreclosures across the US, reported that Baltimore foreclosures were up 119% over January 2013. According to an article in the Baltimore Business Journal, Baltimore foreclosures were not the only ones on the rise on the East [...]

Is This the Cheapest Time to Buy a Home?

May 9th, 2012

With all of the discussions about the low interest rates coupled with the low house prices, a question keeps popping up, "Is this the best time to buy a home?" The answer to the above question depends on your personal situation, but a better question that may be answerable is, "Is this the CHEAPEST time [...]

Baltimore Foreclosure Rate March 2012

May 7th, 2012

Baltimore foreclosure rates were up in March 2012 versus the same period last year, according to an article by Inman News. The foreclosure rate for the Baltimore-Towson area was at 3.8%, 8th highest in the select markets used in the article. This is an increase of .60% from March 2012. There were 1,262 completed foreclosures [...]

Baltimore Foreclosure Rates Expected to Rise

March 16th, 2012

Baltimore foreclosure rates are expected to rise after 698 homes were filed upon in February. This is a 32.5% increase over January and a 41% increase over February of last year. The State of Maryland accounted for 1,606 foreclosure filings last month, according to an article in the Baltimore Business Journal, based on numbers from [...]

Foreclosures at Lowest Rate Since 2007

February 26th, 2012

Foreclosures are at their lowest level since 2007. Though that is definitely a good thing, this may be an unrealistic view of the market because of the robo-signing scandal last year, which stopped foreclosure filings in their tracks. Maryland was not one of the states where the lawsuits took place, but that does not mean [...]

Fannie Mae and Other Banks Postpone Foreclosures Through the Holidays

December 13th, 2011

Fannie Mae is one of a few banks who have decided to put a moratorium on evicting those facing foreclosure from December 19, 2011-January 2, 2012. Executive Vice President, Terry Edwards, was quoted in a CNNMoney article stating that "No family should have to give up their home during this holiday season." Others also putting [...]

Foreclosure Backlog Could Lower Baltimore House Values Further

September 27th, 2011

The foreclosure backlog is large, and with foreclosure filings up 33% in August over July, analysts think the real estate market has yet to hit bottom. What does this mean for Baltimore real estate? Well, it could mean that Baltimore house values could see further drops. As more foreclosures come on the market in any [...]

Four Years to Remove Shadow Inventory

February 10th, 2011

The S&P (Standard & Poor)'s rating service states that it will take four years to clear "shadow inventory" from the real estate market, according to their recently released report from the end of 2010. "Shadow Inventory" is the number of houses where the homeowners are more than 90 days delinquent on their mortgage payments. The [...]

Two Week Foreclosure Freeze

December 15th, 2010

Fannie Mae and Freddie Mac are freezing foreclosure proceedings on homes from December 20, 2010-January 3, 2011 in an attempt to join in the holiday spirit for those who will lose their homes. What they will prevent is people being evicted from their homes during this time period, hopefully allowing families to spend one last [...]

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