Baltimore HUD Homes Blog

FHA Loans July 6, 2009

HUD Homes Articles — Sun, 05 Jul 2009 19:59:25 +0000

Real Estate Pick (2009-07-05 12:00) – realestatepick.com 07/05/2009 The stock market tells us we are bottoming. The banks are making money and home prices are rising or at least not declining so fast, … . The second reason is the FHA Index measures only FHA loans although its breadth is wider, its depth … confirming. The [...]

Happy Independence Day July 4

HUD Homes Articles — Sat, 04 Jul 2009 21:38:37 +0000

United States, Independence Day, commonly known as the Fourth of July, is a federal holiday commemorating the adoption of the Declaration of Independence on July 4, 1776, declaring independence from the Kingdom of Great Britain. Independence Day is commonly associated with fireworks, parades, barbecues, carnivals, fairs, picnics, concerts, baseball games, political speeches and ceremonies, and [...]

Discover Homelessness HUD

HUD Homes Articles — Sat, 04 Jul 2009 20:44:08 +0000

Homelessness is the condition and social category of people who lack housing, because they cannot afford, pay for, or are otherwise unable to maintain regular, safe, and adequate housing. Homelessness is a problem that affects many people in America. If you are homeless yourself and need help or if you want to learn more about homelessness [...]

Home Ownership July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:52:07 +0000

Homeownership rate in the United States in 2005 remained similar to that in other post-industrial nations with 68.9% of all occupied housing units being occupied by the unit's owner. Home ownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement. Since 1960, the homeownership rate in the United States has remained relatively stable having increased 6.8% since 1960 when 62.1% of American households owned their own home. However, homeowner equity has fallen steadily since WWII and is now less than 50% of the value of homes on average. Homeownership was most common in rural areas and suburbs with three quarters of suburban households being homeowners.

Baltimore real estate July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:52:06 +0000

Baltimore real estate

Reverse Mortgage July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:52:06 +0000

reverse mortgage (or lifetime mortgage) is a loan available to seniors, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner's obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves (e.g., into aged care). In a conventional mortgage the homeowner makes a monthly amortized payment to the lender; after each payment the equity increases within his or her property, and typically after the end of the term (e.g., 30 years) the mortgage has been paid in full and the property is released from the lender. In a reverse mortgage, the home owner makes no payments and all interest is added to the lien on the property. If the owner receives monthly payments, or a bulk payment of the available equity percentage for their age, then the debt on the property increases each month.

FHA Loans July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:52:05 +0000

FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally qualified lenders.

REO Properties July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:52:05 +0000

Real estate owned or REO is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.[1] A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. As soon as the bank repossess the property, it is listed on their books as REO – Real Estate Owned – and is categorized as an asset (non-performing).

Foreclosure July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:52:04 +0000

Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan.

HUD Homes July 4, 2009

HUD Homes Articles — Sat, 04 Jul 2009 13:51:18 +0000

United States Department of Housing and Urban Development Hos homes for sale genaraly refered to as HUD Homes