Baltimore Real Estate News
Real Estate news for Baltimore, MD continually updated from thousands of sources.
Tuesday Oct 28 | via The Baltimore Sun
In Baltimore City, a homeowner can lose her home through tax sale foreclosure for as little as $250 in delinquent property taxes or $350 in delinquent water bills. Unlike a mortgage foreclosure, a homeowner generally receives no compensation for loss of equity, even if the value of the property exceeds the amount of taxes due. Comment?
Thursday Oct 9 | via The Baltimore Sun
So here's the situation: You put your house on the market in April, like you're supposed to, hoping a family would buy it over the summer. People came to your open house, peeked in your closets and asked the age of your roof. Comment?
Friday Oct 10 | via The Baltimore Sun
Local home sales last month hit the highest September total since before the real estate market crashed, with gains in almost every jurisdisction in the Baltimore metropolitan area, although prices were essentially flat, according to a monthly report published Friday. Sales of single-family homes and condominiums led the way, both jumping in comparison to last year, while townhouse sales dipped, according to information provided by RealEstate Business Intelligence, a subsidiary of the Metropolitan Regional Information Systems multiple listing service. Comment?
Wednesday Oct 1 | via Dundalk Eagle
The event, hosted by the Dundalk Renaissance Corporation , was held last Saturday at the Dundalk-Sollers Point Technical High School campus. The event included 45 exhibitors, including mortgage lenders, real estate agents, government agencies and community development corporations. Comment?
Sep 16, 2014 | via The Baltimore Sun
The proposals, from increasing the availability of translators at city agencies to making it easier for the undocumented to buy homes, offer insight into the mayor's pledge to attract 10,000 new families over the next decade - an effort that is focused in part on the city's burgeoning immigrant neighborhoods. "I want to make sure that Baltimore isn't behind the curve on this trend," said Rawlings-Blake, who will formally announce the recommendations today. Comment?
Monday Oct 27 | via Dealbreaker
ECB List of Failing Banks Shrinks If You Read Small Print Most of the lenders that failed the European Central Bank's balance-sheet test have been let off for good behavior. Only eight banks haven't already plugged capital gaps or satisfied the ECB with plans to shrink, out of 25 found with a shortfall. Comment?
Saturday Oct 18 | via WCBM-AM Pikesville
I have to say that in addition to the Arundel Mills Live! Casino, the Perry Hall Hollywood Casino, Ocean Downs Casino, Rocky Gap Casino in Allegany County, and the anticipated MGM National Casino in PG County, Maryland has more than its share of gambling establishments that are ready, willing and able to take every last dollar that customers are willing to risk in their quest to hit 'the big one'. Add to this the state sponsored Pick 3 & Pick 4 Bonus Match 5, Five Card Cash, Multi-Match, Mega-Millions and Power Ball, there are many options to choose from when it comes to disposable income dedicated to gambling. Comment?
Tuesday Oct 14 | via Planetizen
Nathalie Baptiste examines the case of Prince George's County in Maryland near Washington D.C. as a study in how the housing and real estate markets has unjustly attacked the wealth of Black Americans. "As the wealthiest black-majority county in the United States, Prince George's has long represented the pinnacle of black success," explains Nathalie Baptiste. Comment?
Friday Oct 10 | via Daily Record
DelZoppo represents home buyers and sellers as well as tenants and landlords for the Northrop Team. She sits on the board of the Howard County Association of Realtors and serves on several committees, one of which combines networking and philanthropic opportunities for real estate agents to benefit local organizations such as Grassroots Crisis Intervention Center and Gilchrist Hospice of Howard County. Comment?
Monday Oct 6 | via Daily Record
Junior Achievement of Central Maryland has appointed Robert A. Altieri to a three-year term on its board of directors. Altieri is executive vice president, president of the Mortgage Division, head of specialty lending at Howard Bank , which he joined in 2013. Comment?
2 min ago | via Chorley Citizen
Royal Bank of Scotland wrote off another A 780 million for past misconduct today and suggested more pain was to come before taxpayers would see a return on their A 46 billion bail-out of the lender. The bank indicated that despite reporting a third quarter in a row of profits for the first time since it nearly collapsed in the financial crisis, further work was needed to reshape the group before it could return to private hands or start paying a dividend. Comment?
1 hr ago | via Mortgage News Daily
Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: If you've been following the MBS Commentary, you know what a big deal this afternoon could be . Markets have been preparing for it for weeks and MBS Live members have been on top of those movements every step of the way. Comment?
1 hr ago | via JD Supra
On October 10, the Bank of New York Mellon, suing as trustee for the J.P. Morgan Mortgage Acquisition Trust, Series 2006-WMC3 trust, filed a summons with notice in the Supreme Court for the State of New York against WMC Mortgage LLC, J.P. Morgan Mortgage Acquisition Corp., and JPMorgan Chase Bank. The trustee alleges that the defendants breached contractual representations and warranties and discovered such breaches during origination, due diligence, and servicing of the loans, but failed to adhere to their notice and repurchase obligations with respect to at least 334 of mortgage loans in the $959 million RMBS trust. Comment?
12 min ago | via Reuters
Home prices in China dropped for a sixth consecutive month in October, a private survey showed on Friday, pointing to a persistent property downturn, despite government efforts to lift the market. Home prices in 100 of China's biggest cities fell 0.4 percent on average in October from the previous month, a survey by the China Real Estate Index System showed. Comment?
14 min ago | via PropertyProf Blog
David Reiss has posted Who Should Be Providing Mortgage Credit to American Households? on SSRN. Here's the abstract: Who should be providing mortgage credit to American households? Given that the residential mortgage market is a ten-trillion-dollar one, the answer we come up with had better be right, or we may suffer another brutal financial crisis sooner than we would like. Comment?
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