Luxury Home Digest

Luxury Homeowners in US use ‘Short Sales’ as Defaults Rise

Tweet   By Kathleen M. Howley and Dan Levy Dec. 17 (Bloomberg) — Homeowners with mortgages of more than $1 million are defaulting at almost twice... 

Education and Earning

Tweet Most of us grew up believing that education and earning power were irrevocably shackled to each other, and where one went, the other inevitably followed. These... 

Moving From A Luxury Home

Tweet The move from a luxury home can be a daunting one–especially when grand pianos, snooker tables and valuable art need to be both carefully packed,... 

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Real Estate Politics & Regulations

Will Obama’s $33 Billion Tax Credit Help Stall The Foreclosure Problem

Tweet It is no secret that a large part of the current wave of foreclosures is due to the high unemployment rates ravaging the country; home owners without... 

Treasury Department Streamlines Short Sale

Tweet       Treasury Department Announces Program to Streamline Short Sales On November 30, 2009, the Treasury Department released guidelines and forms... 

My Property Taxes Are Too High What Do I do?

Tweet THE ASSESSMENT APPEAL PROCESS Property owners sometimes feel that the department’s estimate of their property value is wrong. The assessment... 

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Mortgage Updates

Misconceptions of First Time Home Buying & First Time Mortgages

Tweet Buying your first home can be an exhilarating experience, but it can also be extremely stressful, especially if your mortgage company fails to keep you informed or help you through the buying process. Although the current housing market in Baltimore provides great opportunities for first-time home buyers–with FHA loans, tax credits, assistance... [Read more of this review]

How Mortgage Rates Are Determined

Tweet You are ready to buy a home and now are looking at obtaining a mortgage. As you begin your research you are most likely educating yourself on how mortgage rates are set and what causes them to change. There are a number of reasons mortgage rates go up and down. The first is Bond Prices. Mortgage rates are backed by mortgage securities, which are... [Read more of this review]

HUD Toughens FHA Program

Tweet HUD Toughens FHA Program The FHA announced changes to its mortgage insurance program today intended to shore up its capital reserves and increase lender enforcement. FHA Commissioner Dave Stevens said the upfront fee on FHA loans will increase 50 basis points from 1.75 percent to 2.25 percent sometime in the spring, and HUD will ask Congress for... [Read more of this review]

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