Senate OK’s New Tax Credit Closing Deadline
June 17, 2010 by Monica McNamara · Leave a Comment
You may have seen today’s Inman News article reporting on the Senate’s approval of an amendment to a bill that would, among other things, provide for an extension of the June 30 closing deadline for buyers who took advantage of the federal government’s tax credit. While the Senate has approved its version, differences with the [...]
Location! Location! Location! 1E Harbour Club Condo Just Listed in Ocean City!
May 21, 2010 by Monica McNamara · Leave a Comment
Harbour Club at Heron Harbour Isle in Ocean City…it doesn’t get much better then this! This beautifully decorated 2 Bdrm 2 Full Bath condo is just waiting for you. Lovely interior appointments plus vaulted ceilings for enhanced spacious appearance. Large private courtyard. Harbour Club has a fabulous amenity package to include 2 outdoor pools, 1 [...]
Just Listed in Ocean City! 42 Club Ocean Villas II Condo
April 6, 2010 by Monica McNamara · Leave a Comment
This meticulously maintained 2 bedroom 2 full bath Ocean City condo at Club Ocean Villas II is the perfect beach getaway! You enter your condo through your private front enclosed porch area, which has plenty of room for picnic table, lounge chairs and storage. You relax in the comfort of your fully furnished and equipped [...]
What Does The New RESPA Guidelines Mean To You As A Property Buyer?
March 4, 2010 by Monica McNamara · 2 Comments
Join Devin Holland, of Mid-Atlantic Title Services, and myself as we discuss the new RESPA regulations which became effective 1/1/10 and how this effects a home or condominium purchaser. Thank you Devin, for taking the time to talk with me. Monica
What Raising The Bar Doesn’t Mean #RTB
February 5, 2010 by Monica McNamara · Leave a Comment
It doesn’t mean doing whatever it takes to get a deal done. It doesn’t mean undermining the very fundamentals of our profession just to line your own personal bank account. It doesn’t mean trying to sell real estate outside of your area of expertise. It doesn’t mean delivering poor customer service, but promising the sun, [...]
New RESPA Changes – What That Means To You
January 4, 2010 by Monica McNamara · Leave a Comment
HUD, (Housing and Urban Development), in an effort to improve disclosure of key loan terms and closing costs paid by the consumer when they buy or refinance a property, HUD has reformed the RESPA Rules. Here is a summary of the final rule: Good Faith Estimate – now it will be a three page document, [...]
Where Are These Interest Rates Going – Ask The Experts
October 31, 2009 by Monica McNamara · Leave a Comment
Mortgage Rates Seen Below 6% Through 2010 Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Still, the MBA expects rates to remain extremely attractive throughout 2010, helping to juice home sales and insert [...]
What's Better Than Average?
July 4, 2009 by Monica McNamara · Leave a Comment
I work with Coldwell Banker Residential Brokerage. They provide excellent current, topical real estate information to their clients and customers. Below is some excerpts from a recent “Market Watch” segment. You may hear statistical data that average home sale prices went up in the last two months. Certainly encouraging news to sellers! However, for the [...]
Lenders And Short Sales – Are They Hampering The Rebound Of The Housing Market?
June 26, 2009 by Monica McNamara · Leave a Comment
Currently in our market (Ocean City, Maryland and Worcester County), there are 78 pending “short sale” transactions as reported to our local Multiple Listing Service. I have 2 short sale situations that have been pending since 3/30/09 and 4/1/09 respectfully, with no response back from either lender. Is the time it is taking to process [...]
What Would I Want If I Were A Buyer Or Seller
June 24, 2009 by Monica McNamara · Leave a Comment
I published my very first blog on July 1, 2008. I wrote a blog about something I feel very passionate about. The lack of professionalism in our industry. I received an overwhelming response from this post. I remain firmly committed to these ideas… so I felt it bears repeating on my newest blog site. What would I want if [...]
