Some Baltimore residents are not happy with the drastic changes required to obtain an appraisal for a home loan or to refinance their existing mortgage. They’re not alone. The National Association of Mortgage Brokers is lobbying Washington for a moratorium on the code.
May 1st marked the onset of new legislation regarding appraisals for home loans. The Home Valuation Code of Conduct (HVCC) was imposed to better maintain the integrity of home appraisals. After a year-long investigation [...]
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Next Generation Consulting, based in Madison, Wisconsin, ranked Baltimore 7th on their list of “super cities” that most appeal to young professionals in the age range of 20- to 40-years-olds. Many factors noted as important to young professionals were used to determine Next Gen’s findings.
Listed in order of importance for young professionals, Next Gen rated the cities on the following criteria, which includes the practical application of each:
Cost of Lifestyle – Accumulative cost of living, including food, housing, clothing and [...]
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Real estate inventory has not been an issue in most large metropolitan areas around the country, but Baltimore is a slight exception to that trend. With 2.6 million residents in the Baltimore Metropolitan Region, the area is the 20th largest in the country. But data pulled from the Roost.com website shows there are only 8,385 MLS (6,474) and Foreclosure (1,911) listings available. Now this may sound like a lot but it looks pretty small when compares to some other metros [...]
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Do you live in the City of Baltimore and are behind on your property taxes? Well if you are, your tax certificate could be one of the more than 23,000 that will go to auction in mid-May.
As you would suspect, many of the properties are rundown, abandoned units that would be less than desirable to own. But at few hundred of the condos are located in upper class neighborhoods with water views or in snazzy downtown locals. Some of the [...]
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If you’re looking for a good real estate investment in Baltimore the old saying does not apply. Follow the path most traveled by others. In April’s Baltimore Magazine Joseph Landers of the Great Baltimore Board of Realtors suggests looking for “areas where you see some rehabilitation and investment already taking place.”
The city has multiple restoration projects in varying phase of completion throughout its territory. A major hope is that these projects will spur private investments in the form of home [...]
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