Month: October 2016
Sales of Distressed Properties Hit New Low
Sales of Distressed Properties Hit New Low – David Reecher The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property... Read More
What to Expect When Home Inspecting
What to Expect When Home Inspecting – David Reecher So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent ... Read More
Joint Tenancy in Maryland
Information provided by David A. Reecher Joint Tenancy is a co-tenancy that includes rights of survivorship for non-married individuals. However, in Maryland, there is a presumption against Joint Tena... Read More
Amortization Schedule
Amortization Schedule – David Reecher An Amortization Schedule / table shows each payment amount for the mortgage, how much of each payment is applied to the principal, how much is applied to t... Read More
Why a Lease Option Can Be Good For Some Buyers
Why a Lease Option Can Be Good For Some Buyers – By David Reecher An alternative financing option that allows home buyers to lease a home with an option to buy. Each month’s rent payment m... Read More
What is Negative Amortization
Negative Amortization – By David Reecher Amortization means that monthly payments are large enough to pay the interest and reduce the principal on your mortgage. Negative amortization occurs whe... Read More
Percentage of Homeownership by Decade and by State
Percentage of Homeownership by Decade and by State – David Reecher There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rat... Read More
Buying is Now 37.7% Cheaper Than Renting in the US
Buying is Now 37.7% Cheaper Than Renting in the US – David Reecher The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a tradition... Read More