Stephanie Corley's (smcorley) Blog

Dear Neighbor:  •   Are you tired of renting?  •  Would you like to have the privacy of your very own home?  •   Would you like affordable home payments, which may be less than your current rent?  •    Would you like to be building home equity, which can amount to one of the best investments most...

In a market with many foreclosures it is sometomes hard for a neighbor to get their Homes Value unless you their home stands out.  here are a few basics for you to consider: 1.  Do not think of this as your home any longer.  This is a business deal and you want to get a buyer quickly. 2.  Remove ...

2. Begin gathering documentation before any offers come in. Your lender will give you a list of documents it requires to consider a short sale. The short-sale "package" that accompanies any offer typically must include:  A hardship letter detailing your financial situation and why you need the sh...

Key lawmakers in the Senate have tentatively agreed to extend the existing $8,000 tax credit for first-time home buyers and also offer a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years. There are some i...

TODAYS SHORT SALE TIP:  Owners often tell me they were told they have to be 3 paymentsbehind in order to do a short sale.  THIS IS A MYTH!  You cna be on time with your payments and still do a short sale on your current home.  You must way the factors.  A short Sale will cause your credit to take...

All the inside information coming from the House states that a bill will be passed this week to extend the " First Time Homebuyers Tax Credit" into 2010.  This gives buyers more time to find their new home while helping to stimulate economy and the houseing market.  The House and the Treasury Dep...

How many buyers out there whether First time or move up buyers are aware of the RDA loans available in not only Maryland but other states across the country. This program offers a 100 percent loan to value (100% LTV), USDA Rural Development  home mortgage  that is government guaranteed. Few peopl...

We as realtors have asked our Congressman to continue the "Maryland First Time Home Buyers Tax Credit "going into 2010.  In order to lower the number of foreclosures and short sales on the market and keep homes moving we need this bill to continue.  Many large Banks are not doing their part in ge...

HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit WASHINGTON, May 12, 2009 Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that theFederal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 ...