Maryland Real Estate Consultant

 I received and interesting and funny email today. I guess banks have to protect themselves.

Very Important- Guideline Changes

· LTVs > 65% SISA Loans now require a minimum credit score of 849.

· For all LTVs > 65%, 360 months of payment reserves now required.

· Borrowers must have no previous bankruptcies in their family history going back three generations (including, but not limited to 2^nd cousins twice removed).

· A minimum of 25 years self-employment history now required for all Stated Programs (at same location).

· Minimum Credit Score for Subprime Loans raised to 720.

· All non-arms length transaction borrowers (mortgage, real estate professionals, family members) will be required to provide full-documentation, subject to criminal background checks, wire tapping, strip-searches, blood tests, and a minimum of 12 hours of interrogation by the Department of Homeland Security.

Please note that these changes will go into effect within the next five minutes. So please lock your existing loans immediately. All existing loans in your pipeline must fund by noon today.  The vast majority of fulfillment staff is off today, so no Rush Requests will be accepted. 

We apologize for the inconvenience. We realize these are tough times in the mortgage industry for all of us. Be assured that we have a commitment to remaining strong and weathering out the storm. We ask for your understanding and cooperation.

Sincerely,

Your Committed Wholesale Lender

Ronda

Very funny Rhonda,.

You had me there, for a moment.

There are currently 13 homes for sale in Harpers Farm- The price range is $197,000 to $337,000. Homes are  selling briskly. Most of these townhomes were built in the 70's but are well maintained.

Harper Farm is a mixture of townhomes and single family homes. Homes and in around $200k and below are selling within 60 days. Home that are in the $300K> price range are taking about three months before escrow

Oakland Mills is a mixture of townhomes and single family homes. Homes and in around $400k and below are selling within 60 days. Home that are in the $400K> price range are taking three to six months before escrow.

Homes prices have remained steady in this beautifully maintained subdivision of Columbia Maryland.

There are currently 4 homes for sale in Glen Oaks- The price range is $262,500 to $324,900. Homes are  selling briskly. Most of these homes were built in the 80's but are well maintained.

Glen Oaks is a mixture of townhomes and single family homes. Homes and in around $260k and below are selling within 60 days. Home that are in the $300K> price range are taking about three months before escrow.

 Free Music- No Kidding - I just stumbled on to this site- Had to share

I have yet to purchase an IPod, I hope to have to buy one after the holidays, but if you want music while you are blogging, or working. I love to listen to  while I'm doing BPO and appraisals it relaxes my mind and actually helps me to focus... Any way check out Pandora.com. This is a wonderful site where you can listen to the type of music or artist that interest you most. You get to create your own radio station. Do yourself a favor and check it out.

I'm sorry, but this is too awesome!! I am jamming on some Jeff Beck and Steely Dan, gotta go.

You Must apply by October 31, 2007

Save on Your Howard County Property Tax Bill

If your household had a combined gross income of less than $60,000 in 2006, then you are eligible to apply for a Homeowner's Tax Credit on your July 2007 Howard County property tax bill.

If you are 70 or older, with a combined household gross income less than $68,450, you may qualify for a Senior Tax Credit. The deadline to apply for the Senior Tax Credit has been extended to October 31, 2007.

For more information go to www.taxcredits.howardcountymd.gov.

The State of Maryland also provides for exemptions including those for disabled veterans and blind per-sons. More information is available at SDAT Tax Credits.

Homestead Tax Credit

The Homestead Credit limits the annual increase in taxable assessment on owner-occupied residential property to a fixed percentage. When selling a home that the owner has occupied for some time, be sure to inform your buyer of potential property tax in-creases. Tax bills show the difference between the amount paid by the current homeowner, and the amount that the new purchaser will be assessed in the next tax cycle.

Prince Georges County, MD                          Avg. list price-Avg. Median list price-Avg. Days on Market

This is a fantastic time to do your home shopping. Rates are low and there are great no money down and closing cost assistance programs. Call your local lender or Realtor to obtain more information about the new government back programs.

There is something going on that I was not aware of. Many Washington Redskins football fans root for Washington as well as Baltimore Ravens and Ravens fans despise the Redskins. This is something that caught me off guard.

Since I can remember I have been a Redskins fans but I also rooted for the Baltimore Colts and later the Ravens. I recently went to a football party and it was mostly baltimore  residence and when they found out I was a past Washingtonian and still Redskin fan boy did the house come down. I held my ground but dang I thought there would be some kind of mutual love in the house... there was no love to be found. This is how I go I first root for Washington, then Baltimore and go on down to Pittsburgh then Phila and lastly on to the giants and sometimes the jets. I have ties in all of these cities. Sometimes I skip over Phila because they will try to put a bash in on anyone visiting their Stadium. We all have our different reason for rooting for whoever.

I guess my question is, How come the Raven's Fans despise the Redskins fan so much, when Redskin fans are happy for the Ravens when they win ... more power to them, I say. What is going on, did we knock the Ravens out of the playoffs? No... Did the Redskins dash the Ravens Super-bowl hopes? No.... Are the Ravens the Redskins Arch rivals? No.... What is it?

Howard County                                                                 Avg list price -  Avg Median list price - Avg. Days on Market

This is a fantastic time to do your home shopping. Rates are low and there are great no money down and closing cost assistance programs. Call your local lender or Realtor to obtain more information about the new government back programs.

Carroll County                                                            Avg List Price  MedianList Price   Avg Days on Market     

This is a fantastic time to do your home shopping. Rates are low and there are great no money down and closing cost assistance programs. Call your local lender or Realtor to obtain more information about the new government back programs.