Fannie Mae to Deny New Mortgages to All Strategic Defaulters for 7 Years
June 24, 2010 by Monica McNamara · Leave a Comment
June 24, 2010 (Washingtonpost.com) Government-sponsored mortgage purchaser Fannie Mae is trying to encourage distressed homeowners to find alternatives to foreclosure by banning those who walk away from getting new loans for seven years. Troubled borrowers who do not try in good faith to work out a deal, but have the capacity to pay, are targeted [...]
What Is A SFR? And What Does It Mean To You As A Property Buyer Or Seller?
February 13, 2010 by Monica McNamara · Leave a Comment
We are pleased to announce that Kevin (my husband, best friend and co-worker) has earned the National Association of REALTORS newest certification for Short Sales and Foreclosures (SFR). As these type of properties become more and more a part of our marketplace, we felt it was imperative that we be able to deliver the highest [...]
Homeowners Alert
August 18, 2009 by Monica McNamara · Leave a Comment
This blog was posted on Active Rain. It is a must read for homeowner’s that are facing a foreclosure or short sale situation. There are some very important legalities that your lender must be able to definitively prove. It is such a stressful time in a homeowner’s life to be losing their home. Please make [...]
The Ocean City Resort Market Is Hanging In There
July 13, 2009 by Monica McNamara · Leave a Comment
There are currently 1,550 resale and new homes in Ocean City, Maryland as reported by Trulia, including 18 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. That represents only slightly higher then 1% of the inventory. As compared to many areas of the country that is extremely low. Nationwide, foreclosures were [...]
