Home Owners Torn on Strategic Default: Right or Wrong?

For those who decided to walk away from their mortgage, 40 percent said they had been advised by their lender or financial adviser to stop paying their mortgage so that they could qualify for more assistance with their home loan. Home Owners Torn on Strategic Default: Right or Wrong?

Under Contract in 9 Days

1210 Graycliff Lane, Odenton MD 21113. MLS# AA7886382 List Price: $279,900

Description:

Smells new, looks new, feels new! 18-month-old premium TH in the heart of Odenton, a minute to MARC. Bright, open & airy. Elegant DR & kit. areas w/ HW floors, 42 in. cabs., SS appl. & large island. Huge MBR suite features w/i closet & MBA w/double vanity, soaking tub & sep. shower. Finished LL w/ w-to-w carpet, large FR, laundry & LOTS of storage. Quiet, shaded BY w/ new TREX deck & privacy fence.

How can I help you with YOUR real estate need?

New Md. Program Offers Great Mortgage Help to Veterans, Military Families

Launched July 3rd, the program provides bargain interest rates and downpayment assistance to qualified buyers.  

Great news for military veterans and families looking to purchase a new home -- the state of Maryland July 3 launched a new Veterans and Military Family Mortgage Program that offers tremendous incentives and assistance to those who qualify.

 

Under the program, eligible buyers can get a mortgage interest rate one half of a percent (0.5 percent) below the one offered by the regular Maryland Mortgage Program. The program also provides up to $10,000 of assistance toward a buyer’s downpayment and settlement expenses.

 

Plus, these amounts can be combined with funds from a variety of other partner matching programs and homebuying assistance from local jurisdictions. Qualifying applicants do not have to be first-time homebuyers.

 

The program is open to active duty military (including Reserves and National Guard) and honorably  discharged veterans. Homebuyers seeking the program’s downpayment and settlement assistance must meet certain requirements, including income limitations and credit score standards. Borrowers also must take approved homebuyer education classes and use an approved lender.

 

The program will provide a total of $50 million to help current and former military looking to buy a home. The program will continue until June 30, 2013, or until program funds are exhausted.

 

For more information on the program, contact me at (443) 924-7418.

 

Jerry Kline is a Realtor with the Odenton, Md., office of Keller Williams Flagship Realty (1216 Annapolis Rd., Odenton.) For more information on the local real estate market, contact him at (443) 924-7418.

Which Home Loan is Best for You?

Slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment.

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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS

New Listing/Under Contract in 2 Days!

2255 Misthaven Lane, Gambrills, MD 21054

Another quality home listed by Jerry Kline. Gorgeous split foyer in Four Seasons Estates. Spectacular, renovated kitchen with stainless steel appliances, granite counters and great lighting. Lower level boasts a beautiful master suite and cozy family room that opens to covered patio. Backyard is a large, fenced oasis with great privacy and a large shed. Clean as a whistle! A professionally negotiated short sale.

OPEN HOUSE – Sat. 7/7 Noon-2pm Spacious 3-BR TH in Glen Burnie

Enjoy the frosty air conditioning of this beautiful 3-bedroom Colonial home in the Fox Chase section of Glen Burnie. A commuter’s dream . . .  convenient to everything! Not a short sale or foreclosure; NO WAITING!

The home features:

* three finished levels, with a bathroom on each level;

* an extra large living room;

* new neutral paint throughout;

* a large deck that backs to woods;

* a new stove, storm door and garbage disposal;

* and much, much more!

Priced to move at $232,500

143 Foxview Drive, Glen Burnie, MD 21061

MLS# AA7877669