Metro Area Homes

Approved or Denied for a Loan Modification? Please Pass On......

Keji Ogunleye — Tue, 16 Feb 2010 20:45:00 GMT

If you or someone you know is considering hiring a loan modification company, an attorney or maybe you are planning to do it yourself, I suggest you read this first….

The Secret to a loan modification Approval or Denial is how you present the modification package to your bank.

Whether you are just looking for payment relief, possible reduction of your principal balance or maybe you are looking to get out of foreclosure, you need to take matters into your own hands and begin immediately. Do not wait until it is too late and please DO NOT pay anyone the costly $3,500 plus to do something that you could do yourself if you knew exactly how.

What can a loan modification company/attorney firm do for you?

They will collect most of, if not all, their fees of $3,500 plus upfront before starting the process. (No guarantee).
They will ask for all your personal information (Privacy threat)
They will complete the modification application forms provided by your lender (You can do same if you have proper knowledge)
They will put the modification package together and forward it to your lender (You can do exactly the same and much quicker)
They will periodically call your lender for status update until your modification has been completed. (You can follow up more frequently than they can).
They will close your file once your lender approves or denies your application(you do not give up if you are denied)

How do you show your lender that you need a loan modification? How do you enhance your chances of getting an approval from your lender, even if you have been previously denied a loan modification?

Simple advice.....

DO NOT FIGHT WITH YOUR LENDER ON THE PHONE!

If you get an unfriendly and unsympathetic voice on the other end, be cordial and tell the person you will call back later and hang up.

Things you should know before you start……

You should not apply for a loan modification without first understanding the requirements for an approval. Understand that too much income surplus or too much negative income can cause your application to be denied. Know what income types are acceptable. Make sure your housing debt ratio is within an acceptable range. Make sure your residual cash flow after modification is reasonable. Make sure your loan will pass the NPV test (net present value) of cash flow from modifying your loan, if you are seeking the Making Home Affordable Loan Modification. Understand what is considered an acceptable hardship? Etc.

Too much or too little information and too much surplus or too much negative income will surely get you a quick denial by your lender.

Get the facts about foreclosure Prevention.. Help is Available....
www.BetterRouteNow.Com

Townhouse For Sale in Laurelton

Keji Ogunleye — Sun, 09 Nov 2008 10:56:00 GMT

Well Kept house

• 1,746 sq. ft., 2 bath, 3 bdrm townhouse "Colonial" - MLS® $210,900 - Great price for this hous

Laurelton, Laurel - Great townhouse in quiet tree line street for sale in the heart of Laurel. Well kept house with many amenities. 3bd2.5bath with large basement.Easy commute to D.C & Baltimore.

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Single Story For Sale in Greater Capitol Heights

Keji Ogunleye — Wed, 08 Oct 2008 20:23:00 GMT

Move in Ready

• 2 bath, 3 bdrm single story - MLS® $134,900 - Great price for starter

Greater Capitol Heights, Coral Hills - Great starter home in Capitol Height- House was recently renovated with newer windows and appliances. House sit on a large lot with plenty of space for expansion. House is move in ready.

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Bowie MD – Foreclosure Market Update September 6, 2008.

Keji Ogunleye — Sat, 06 Sep 2008 16:41:00 GMT

Bowie MD- Below are some bargain and foreclosure properties available for sale in Bowie MD. There are lots of great bargain in Bowie real estate market now- Don’t miss your opportunity to buy your first home, a larger home or a retirement home in this buyer’s market. There are over 55 loan programs available for buyers with zero down payment, low interest rate or low down payment. To get more information about the different loan programs visit Bowie MD Homes.

Bowie MD Condo’s under 200K

15613 EVERGLADE LN #G304, BOWIE $239,900

15825 EASTHAVEN CT #101, BOWIE $199,900

Bowie MD Townhouses under 300K

15534 NORWEGIAN CT, BOWIE , $179,900

14761 LONDON LN, BOWIE, MD $259,000

15805 PILLER LN, BOWIE, MD, $214,900

11244 WESTPORT DR, BOWIE $216,900

15722 ERWIN CT, BOWIE, MD $284,900

10117 TULIP TREE DR, BOWIE $300,000

Bowie MD Detached Homes Under 400K

1404 PEARTREE LN, BOWIE, MD, $379,900

1700 PEPPERIDGE CT, BOWIE, MD $384,900

3512 VISTA VERDE DR NE, BOWIE $395,000

15402 JENKINS RIDGE RD, BOWIE, MD, $332,910

To get more information about any of these properties check out Bowie Homes or call Keji for a personal tour @ 301-613-2043 or via email @ Keji@metrohomesrealty.com.

There are over 55 loan programs available for buyers with zero down payment, low interest rate or low down payment. To get more information about the different loan programs visit Bowie MD Homes.

Silver Spring MD – Foreclosure Market Update September 3, 2008.

Keji Ogunleye — Wed, 03 Sep 2008 15:16:00 GMT

Silver Spring MD- Below are some bargain and foreclosure properties available for sale in Silver Spring MD. There are lots of great bargain in Silver spring real estate market now- Don’t miss your opportunity to buy your first home, a larger home or a retirement home in this buyer’s market. There are over 55 loan programs available for buyers with zero down payment, low interest rate or low down payment. To get more information about the different loan programs visit Silver Spring MD Homes.

Silver Spring MD Condo’s under 200K

3301 HEWITT AVE #507, SILVER SPRING $139,000

3840 BEL PRE RD #8, SILVER SPRING $148, 0000

15311 PINE ORCHARD DR #87-3G, SILVER SPRING $150,000

13611 SIR THOMAS WAY #1-B-13, SILVER SPRING $179,000

15311 PINE ORCHARD DR #87-2B, SILVER SPRING $198,000

Silver Spring MD Townhouses under 300K

14407 LONG GREEN DR, SILVER SPRING $280,000

14248 LONG GREEN DR, SILVER SPRING $298,000

78 CATOCTIN CT, SILVER SPRING $299,900

13773 AVONSHIRE DR, SILVER SPRING $219,900

3603 CASTLE TER, SILVER SPRING $250,000

Silver Spring MD Detached Homes Under 400K

413 HILLSBORO DR, SILVER SPRING $319,900

3821 PALMIRA LN, SILVER SPRING $377,759

608 BURNT MILLS AVE, SILVER SPRING $399,900

1811 SNOWDROP LN, SILVER SPRING $395,900

12313 PRETORIA DR, SILVER SPRING $343,900

To get view more pictures about any of these properties check out Silver Spring Homes or call Keji for a personal tour @ 301-613-2043 or via email @ Keji@metrohomesrealty.com.

There are over 55 loan programs available for buyers with zero down payment, low interest rate or low down payment. To get more information about the different loan programs visit Silver Spring MD Homes.

Price Reduced on 2506 MOORES PLAINS BLVD, UPPER MARLBORO, MD 20774 in Beech Tree

Keji Ogunleye — Mon, 14 Apr 2008 19:45:00 GMT

Beech Tree, Upper Marlboro - Announcing a price reduction on 2506 MOORES PLAINS BLVD, UPPER MARLBORO, MD 20774, a 5,347 sq. ft., 3 bath, 4 bdrm single story "Stately Colonial". Now MLS® $450,000 - Better than bullder price.

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Price Reduced on 1439 Misty Lake Ct in Hanover

Keji Ogunleye — Fri, 04 Apr 2008 19:20:00 GMT

Hanover, Anne Arundel County - Announcing a price reduction on 1439 Misty Lake Ct, a 1 bath, 3 bdrm single story. Now MLS® $265,000 - .

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Price Reduced on 625 N. Linwood Av in Patterson Park

Keji Ogunleye — Fri, 07 Mar 2008 19:26:00 GMT

Patterson Park, Baltimore - Announcing a price reduction on 625 N. Linwood Av, a 1 bath, 4 bdrm 1 1/2 story. Now MLS® $105,000 - Weekend sales price only.

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Vista Gardens Bowie MD Pre-foreclosure Listings, Vista Garden Bowie Homes for sale

Keji Ogunleye — Thu, 21 Feb 2008 20:31:00 GMT

Vista Gardens Bowie: Homes are available in this sub-division for savvy buyer and bargain hunters. Many of the pre-foreclosure homes are priced up to 70K below value and many are in great condition. Vista Garden community is a walking distance to the new shopping center in MLK and just a few minutes to Route 50. If you are looking for a bargain check out vista garden bowie homes for sale- pre foreclosure listing. Get additional listings of pre-foreclosure and foreclosure listings in Bowie and surrounding areas.

If you will like to view any of these properties contact me at keji@metrohomesrealty.com or at Bowie md homes for sale

Windsor Mills Baltimore County House for sale Price Reduced on 8307 Tinsley Rd, Baltimore in Mayfield

Keji Ogunleye — Sat, 16 Feb 2008 11:32:00 GMT

Mayfield, Windsor Mills - Announcing a price reduction on 8307 Tinsley Rd, Baltimore, a 2,560 sq. ft., 2 bath, 4 bdrm ranch "Raised Rancher". Now MLS® $235,000 - GREAT PRICE FOR SFH.

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Bowie MD Real estate, Foreclosure Listings Bowie, MD

Keji Ogunleye — Fri, 11 Jan 2008 20:50:00 GMT

Bowie MD real estate, Foreclosure listing opportunity knock now is the time to take advantage of the down market. As of January 11, 2008 the total number of foreclosures for sale in Bowie is 12 properties. Opportunity knocks for a savvy buyer to save thousands of dollars in this market, plus the mortgage interest rate is down. These two factors make for a good market to buy a house. Historically home buyers have net worth more than renters. Are you ready to take advantage of this market check out my website for to get free listings of bowie foreclosure homes.contact me @ 301-613-2043

Baltimore real estate , House for sale in Patterson Park Baltimore MD

Keji Ogunleye — Thu, 10 Jan 2008 20:36:00 GMT

Ouch - all this for less than 120K in Patterson Park - Get it before is gone!!!!!
Completely renovated house in Patterson Park - Open Floor Plan-
-Newly installed HVAC, Central A/C, Tiled kitchen & bath. Freshly painted, updated windows, New Carpet- All new appliances in the kitchen:
Walking distance to John Hopkins Hospital, John Hopkins BioPark.
Easy access to public transportation( Bus & Metro)

Totally rehab house in Patterson Park/John hopkins area. Everything new with this one- Central A/C, HVAC installed April 07. Tile kitchen & Bath- freshly painted and ready for the new owner. Check out the pics of 625 N Linwood for sale at Baltimore Homes for sale

Real Estate Maryland- Property tax Maryland new Homestead Tax Credit law

Keji Ogunleye — Wed, 02 Jan 2008 19:07:00 GMT

Just this past week we received our new property tax assessment from the state of Maryland. Property assessment is done every 3 years per the state law and the value have been going up despite the down turn in the market and you know what that means – property tax is going to increase come July 08. State of Maryland has what is called a homestead Tax Credit for principal residence. Homestead tax credit limit the amount of taxable assessment to 10% each year – That is homeowners will not be paying property tax for about 10% of the new increase. In previous years this credit is automatic, but a new law was passed in the general assembly last year. This new law requires that home owners apply for this credit. Check your mail and make sure you did get you new assessment from the state and also make sure you fill out and submit the application for the Homestead tax credit unless of course you don’t mind the tax increase. This credit is for principal residence only investment and vacation homes are not eligible.

Take a minute to fill out the application and mail it quickly. You can also do it electronically until April 1 2008 @ www.dat.state.md.us.

Have any question or concern about real estate drop me an email @ keji@metrohomesrealty.com or visit me @ www.metrohomesrealty.com to view hundreds of houses for sale in Maryland.

Merry Christmas or Happy Holiday????

Keji Ogunleye — Tue, 18 Dec 2007 18:00:00 GMT

Over the years the Christmas holiday has been diluted and real meaning of Christmas is down play. Many merchants will decorate their stores with happy holiday, card making company create cards for happy holiday, and the President Bush signed his card as happy holiday last year. For many people this subtle change does not mean anything to them, but for Christians all around the world it means a lot- I personally refuse to greet anyone happy holiday, refuse to buy cards that has just happy holiday. The only reason we have holiday this time of the year is to celebrate the birth of Jesus Christ. You cannot take Christ out of this season. The celebration is not about gifts, food or party is about the birth of my savior Jesus Christ.

Merry Christmas!!!!!!

Real estae for sale Greenbelt MD: Fed cut rate- What does that mean to you if you want to buy a home in Greenbelt MD

Keji Ogunleye — Wed, 12 Dec 2007 20:51:00 GMT

The Federal Reserve cut short term interest rate by quarter of a point (.4) from 4.50% to 4.25%. This move will help lower your credit card interest rate, home equity line of credit rate however interest rate on fixed loans such as student loan and for ARM adjustable loan . Most borrowers that have ARM home loan will not see decrease in interest rate because of most of these loans are tied to London Interbanks offered Rate called LIBOR. LIBOR is the rate which bank charge on loans they lend to each other and because of the continuing worries in the housing market the rate is still relatively high compared to the U.S Treasury rate. .

If you are planning to buy a house and have high credit card balance, this may be time to shop around for low interest rate card and start paying down the balance. If you also have student loan with adjustable rate you may want to check your loan document and see what market the rate is tied to. If you rate is tied to Libor you may actually see an increase in your rate, but if you rate is tied to Treasury it may decrease. Now may be a better time to refinance student loan that is tied to LIBOR. Check your loan document to find out what bench bank is tied to.

If you want to find out if you qualify for a home loan we have reputable Mortgage lender that can quickly pre-qualify you . Contact me @ Keji Iluyomade of Fairfax Realty 301-794-9400 or 301-613-2043 email: Keji@metrohomesrealty.com.

To view list of properties available for sale in Greenbelt MD visit me @ www.metrohomesrealty.com .

Avoid Foreclosure : Real Estate Maryland

Keji Ogunleye — Wed, 28 Nov 2007 20:28:00 GMT

If you are having problem paying your mortgage the first thing to do is call your lender and discuss your option with them. Ignoring the letters they send to you will not make the problem go away. Lenders are ready to discuss options with you and come to a favorable resolution to both parties.

Foreclosure should be the last resource after all options have been explored.

Sometimes the best thing to do may be to quickly sell the property instead of losing it to foreclosure.

If you have enough equity in your house- that is if you owe less than what the house is worth the best thing may be to sell .

If your property value is less than what you owe you may want to pursue what is call short sale to avoid foreclosure.

If you owe more than what your property is worth , having difficult paying your mortgage and want to find out what your options are please contact Keji Iluyomade @ Fairfax Realty,Inc 301-613-2043

Contact me @ 301-613-2043 or visit my website @ www.metrohomesrealty.com

Bowie MD Foreclosure Listing saves Big!!!!

Keji Ogunleye — Wed, 28 Nov 2007 18:52:00 GMT

Bowie MD Foreclosure real estate save big: Bowie MD foreclosure listings can save savvy buyers a bundle. There are many foreclosure listings available in Bowie for about 75%-80% off the comparables in the area. Some of these properties need just cosmetic work – like painting, carpet and cleaning- but for the deep discount is worth the little effort to take to the buyer’s taste. The banks want to sell these properties and they are ready to give concession to buyers in form of closing cost assistance and credit towards repair. Currently there are about 44 houses in the Bowie MD area that are foreclosure listings. Many first time home buyers can own homes for just a little more than they are paying in rent and move up buyers can buy more house for less money. Bowie Realtor Keji iluyomade can help you with getting into one of these homes in Bowie MD

If you want a list of these foreclosed homes and new ones as they come in the market for Bowie,MD then Keji Iluyomade of Fairfax Realty can help.

Call me @ 301-613-2043 or visit my website @ www.metrohomesrealty.com to get the latest house listings in Bowie MD.

HUD rule down payment assistance program

Keji Ogunleye — Tue, 02 Oct 2007 15:30:00 GMT

The new HUD rule about down payment assistance program is sure to affect many first time home buyers that depends on these programs to help buy a house . With the new rule, FHA loan will no longer let first time home buyer use down payment asistance program that is privately funded.

Colonial For Sale in Bowie, MD- Under 500K

Keji Ogunleye — Mon, 01 Oct 2007 23:34:00 GMT

• 2,672 sq. ft., 3 bath, 5 bdrm colonial - MLS® $419,900 - Shows Like a Model

Bowie MD - THIS WEEKEND ONLY BUY THIS HOUSE FOR THIS RIDICULOUS PRICE: SALE ENDS SUNDAYShows like a model. Completely remodel from top to bottom. Hardwood floor in main level, freshly painted, updated bathrooms, granite countertop and tile floor in kitchen, sprinkler system for continuous green lawn. Fully finished basement with another kitchen in basement. Large deck back to woods for privacy. Nothing for buyer to do but move in to this 5bedroom & 3.5bath.

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Price Reduced on 16406 Everwood Ct in Covington

Keji Ogunleye — Mon, 01 Oct 2007 23:34:00 GMT

Covington, Bowie - Announcing a price reduction on 16406 Everwood Ct, a 2,672 sq. ft., 3 bath, 5 bdrm colonial. Now MLS® $419,900 - Shows Like a Model.

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Price Reduced on 625 N. Linwood Av in Patterson Park

Keji Ogunleye — Mon, 01 Oct 2007 22:57:00 GMT

Patterson Park, Baltimore - Announcing a price reduction on 625 N. Linwood Av, a 1 bath, 4 bdrm 1 1/2 story. Now MLS® $115,500 - Drastic Price Drop.

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Whao - All this for under 150K in Patterson Park- For sale

Keji Ogunleye — Thu, 20 Sep 2007 19:42:00 GMT

Make your move now. Totally rehab house in Patterson Park/John hopkins area. Everything new with this one- Central A/C, HVAC installed April 07. Tile kitchen & Bath- freshly painted and ready for the new owner. 1 Yr Warranty. Check more virtual tour@ http://625nlinwoodav.metrohomesrealty.com

Is it time to buy????

Keji Ogunleye — Thu, 20 Sep 2007 19:40:00 GMT

With all the doom and gloom news about the housing and mortgage market many wonder is it time to buy? I tell buyers this market is about the best time to buy a house, we have many houses in the market and sellers are willingly to negotiate with serious buyers.

The interest rate is historically low ( 30yr rate 6.31% per Freddie Mac) and the sales terms are favorable- buyers can get seller’s help with closing cost, can get seller to pay for 1yr home warranty, and get sellers to fix up all the issues that come up in the property inspection.

No one has the crystal ball that this condition will continue next year, but as it stands right now if you are buyer and have good credit then wait no longer buy now when the market is favorable.

To get more information about buying in this market send me an email or give me a call.

For Sale in Bowie, MD sought after area of MD

Keji Ogunleye — Mon, 13 Aug 2007 18:12:00 GMT

Bowie, MD THIS WEEKEND ONLY BUY THIS HOUSE FOR THIS RIDICULOUS PRICE: SALE ENDS SUNDAY. Shows like a model. Completely remodel from top to bottom. Hardwood floor in main level, freshly painted, updated bathrooms, granite countertop and tile floor in kitchen, sprinkler system for continuous green lawn. Fully finished basement with another kitchen in basement.Large deck back to woods for privacy. Virtualtour @ http://16406everwood.metrohomesrealty.com

Colonial For Sale in Covington

Keji Ogunleye — Wed, 18 Jul 2007 17:38:00 GMT

• 2,672 sq. ft., 3 bath, 5 bdrm colonial - MLS® $525,000 - Shows Like a Model

Covington, Bowie - Shows like a model. Completely remodel from top to bottom. Hardwood floor in main level, freshly painted, updated bathrooms, granite countertop and tile floor in kitchen, sprinkler system for continuous green lawn. Fully finished basement with another kitchen in basement. Large deck back to woods for privacy. Nothing for buyer to do but move in to this 5bedroom & 3.5bath.

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