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