Men and Women around the country are overwhelmed by debt, have no savings, or don’t invest for retirement.
Understanding economic and personal finance doesn’t mean you won’t make mistakes, but you can lessen the odds and repair damage faster if you know the rules of the game.
You must understand the difference between needs and wants. Your actual..(read more)
Launched by Governor O'Malley, the Hope Initiative addresses problems with homeowndership and neighborhoods threatened by defaulting subprime and "exotic" mortgages. (e.g., adjustable-rate mortgages or ARM's)
They have committed $111 million in financial assistance to leverage significant capitol in order to effectively attack this potential foreclosure crisis with financing, incentives,..(read more)
If you have been considering purchasing a home, you have probably heard that our local housing market has many short sales and foreclosures available. A short sale is a home where the market value of the property is less than the loan amount owed to the lender. Purchasing a short sale home can be a long and complicated process; but don’t be scared off by these shot sale properties,..(read more)
Behind on your mortgage and owe more on your house than what it will sell for? There is an alternative to foreclosure; you can sell your home as a “Short Sale”. Short sales are a way for homeowners to avoid foreclosure and still be able to pay off their loans by settling with the lender.
Different banks have different procedures for short sales. You must..(read more)
The Homestead Tax credit limits the amount of assessment increase the homeowner will pay property taxes in the tax year on the one property that was used as the primary residence. This credit was automatically given to you in the past, if you are eligible, which most of us are. This year you must apply for it.
Maryland assesses a property’s value every three years. Notices..(read more)
