These properties are scheduled forforeclosure on 12/17/07 at 9:30 am on the steps of the Baltimore CityCourt House. Please note 2 changes - the deposits for the following properties havebeen reduced as follows: 2227 Bank St. reduce deposit to $20,000 817 S. Glover reduce deposit to 19,000
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These Hotlines are set up as a community service to provide you with the information needed to assist you in solving any Real Estate related problems and to help put thousands of extra dollars in your pocket.
"How To Sell Your Home At The Highest Possible Price"
1-800-218-7962 Ext 2904
"49 Essential Tips That Every Homebuyer Should Know" 1-800-218-7962 Ext 3254
"Home Sellers Guide To Money Making Fix Ups" 1-800-218-7962 Ext 3274
"Secrets Lenders Do NOT Want You To Know" 1-800-218-7962 Ext 2704
"Ten Questions You Must Ask A Realtor Before You List Your Home" 1-800-218-7962 Ext 3004
"How To Stop Paying Rent Forever And Own A Home Of Your Own" 1-800-218-7962 Ext 2404
How To Buy Your First Home The Easy Way!! Avoid 10 Common Mistakes 1st Time Home Buyers Make" 1-800-218-7962 Ext 2204
"Fix Your Credit Yourself" 1-800-218-7962 Ext 4304
"How To Illiminate Risk In Real Estate Investment" 1-800-218-7962 Ext 2604
"44 Money Making Tips For Preparing Your Home For Sale" 1-800-218-7962 Ext 3244
"FREE Home Market Evaluation" 1-800-218-7962 Ext 5004
"ATTENTION For Sale By Owners, Why People Are Afraid To Buy From You" 1-800-218-7962 Ext 2504
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Another FREE handy tool Here is a listing of recordation taxes by county
Allegany County: 301-777-5924Recordation Tax: 6.50 per thousandTransfer Tax: 1% (.5% County + .5 % State)Property Tax: $1.09 per hundred assessed value ($.982 County + $.112 State)
Anne Arundel County: 410-222-1144Recordation Tax: 7.00 per thousandTransfer Tax: 1.5% (1% County + .5% State)Property Tax: $1.00 per hundred assessed value ( $.891 County + $.112 State)
Baltimore City: 410-396-3987Recordation Tax: 10.00 per thousandTransfer Tax: 2% (1.5% City + .5% State)Property Tax: 2.38 per hundred assessed value ($2.268 City + $.112 State)
Baltimore County: 410-887-3483Recordation Tax: 5.00 per thousandTransfer Tax 2% (1.5% County + .5% State)Property Tax: $1.21 per hundred assessed value ($1.10 County + $.112 State)
Calvert County: 410-535-1600Recordation Tax: 10.00 per thousandTransfer Tax: .5% (No County + .5% State)Property Tax: $1.00 per hundred assessed value ($.892 County + $.112 State)
Caroline County: 410-479-1811Recordation Tax: 10.00 per thousandTransfer Tax: 1% (.5% County + .5% State)Property Tax: $.982 per hundred assessed value ($.870 County + $.112 State)
Carroll County: 410-386-2971Recordation Tax: 10.00 per thousandTransfer Tax: .5% (No County + .5% State)Property Tax: $1.16 per hundred assessed value ($1.048 County + $.112 State)
Cecil County: 410-996-5385Recordation Tax: 8.20 per thousandTransfer Tax: .5% (No County +.5% State)Property Tax: $1.072 per hundred assessed value ($.960 County + $.112)
Charles County: 301-645-0685Recordation Tax: 10.00 per thousandTransfer Tax: .5% (No County + .5% State)Property Tax: $1.14 per hundred assessed value ($1.026 County +$.112)
Dorchester County: 410-228-0480Recordation Tax: 10.00 per thousandTransfer Tax: 1.25% (.75% County + .5% State)Property Tax: $1.008 per hundred assessed value ($.896 County+ $.112 State)
Frederick County: 301-694-1111Recordation Tax: 12.00 per thousandTransfer Tax: .5% (No County + .5% State)Property Tax: $1.05 per hundred assessed value ($.936 County + $.112 State)
Garrett County: 301-334-1937Recordation Tax: 7.00 per thousandTransfer Tax: 1.5% (1% County + .5% State)Property Tax: $1.11 per hundred assessed value ($1.00 County + $.112 State)
Harford County: 410-638-3269Recordation Tax: 6.60 per thousandTransfer Tax: 1.5% (1% County + .5% State)Property Tax: $1.19 per hundred assessed value ($1.082 County + $.112 State)
Howard County: 410-313-3850Recordation Tax: 5.00 per thousandTransfer Tax: 1.5% (1% County + .5% State)Property Tax: $1.13 per hundred assessed value ($1.014 County +$.112 State) Kent County: 410-778-7418Recordation Tax: 6.60 per thousandTransfer Tax: 2% (.50% County +.5% State)Property Tax: $1.084 per hundred assessed value ($.972 County + $.112 State)
Montgomery County: 240-777-8950Recordation Tax: 7.00 per thousandTransfer Tax: .5% (No County + .5% State)Property Tax: $.736 per hundred assessed value ($.624 County + $.112 State)
Prince George’s County: 301-883-7300Recordation Tax: 4.40 per thousandTransfer Tax: 1.9% (1.4% County + .5% State)Property Tax: $1.07 per hundred assessed value ($.960 County + $.112 State)
Queen Anne’s County: 410-758-0414Recordation Tax: 6.60 per thousandTransfer Tax: 1% (.5% County + .5% State)Property Tax: $.88 per hundred assessed value ($.770 County + .112 State)
St. Mary’s County: 301-475-4554Recordation Tax: 8.00 per thousandTransfer Tax: 1.5% (1% County + .5% State)Property Tax: $.97 per hundred assessed value ($.857 + $.112 State)
Somerset County: 410-651-1555Recordation Tax: 6.60 per thousandTransfer Tax: .5% (No County +.5% State)Property Tax: $1.05 per hundred assessed value ($.940 County +$.112 State)
Talbot County: 410-770-8020Recordation Tax: 6.60 per thousandTransfer Tax: 1.5% (1% County + .5% State)Property Tax: $.59 per hundred assessed value ($.475 County + $.112 State)
Washington County: 301-791-3170Recordation Tax: 7.60 per thousandTransfer Tax: 1% (.5% County + .5% State)Property Tax: $1.06 per hundred assessed value ($.948 County + $.112 State)
Wicomico County: 410-543-6551Recordation Tax: 7.00 per thousandTransfer Tax: .5% (No County + .5% State)Property Tax: $.99 per hundred assessed value ($.881 County + $.112 State)
Worcester County: 410-632-0686Recordation Tax: 6.60 per thousandTransfer Tax: 1% (.5% County + .5% State)Property Tax: $.812 per hundred assessed value ($.70 County + $.112 State)
Long & Foster Towson, Maryland US Real Estate Consultant
2004-2005
Advance Realty Middle River, Maryland US Real Estate Consultant
2005-Present
Dan McDevitt drinking some hot tea reading everyones status about digging out of the snow storm. Its times like these I dont mind paying my condo fees. Posted at 3:41 PM Dec 20 from Ping.fm view more
About me: My name is Dan McDevitt and I am a Full Time Real Estate Consultant with Advance Realty. Some of you may be asking yourself; What exactly is a real estate consultant? Don’t you mean real estate agent? Well technically yes, I am licensed by the state of Maryland as a real estate agent/ salesperson. However I hate the term salesperson and I don’t care to be referred to as an agent because I do not always “represent” everyone that I talk to about a real estate related issue.
I specialize in helping people in transition which could be as simple as upgrading to a bigger home or downsizing to a smaller home. Unfortunately in the world that we live in, transition can also come when a divorce happens or there is a death of a spouse/family member and without warning there is a transition from a 2 income home to only a one income home. Transition can also come in ways such as the loss of a job where unfortunately the possibility of foreclosure becomes all too real. Many people do not realize that in the case of a possible foreclosure there are other options than just letting the bank take your biggest asset.
Another area that I specialize in is real estate investment. Are you are a seasoned investor that is looking for foreclosures, bank owned properties, houses to rehab or properties to rent that will generate you a good return on investment? Are you someone that is just thinking about buying their first investment property and is not sure where to start or what they are looking for I would love to have the opportunity to help you generate some Cash flow.
There is not a real estate problem that I cannot help you solve. I have put together a team of ethical, experienced professionals that I like to refer to as my strategic alliance. Lenders, Appraisers, Home Inspectors, Real Estate Attorneys, Contractors, Plumbers, Electricians and everyone else to assist you. I have put together this page to showcase some of my listings, spotlight my friends, clients and associates and also to help share ideas and strategies to help you experience a happy, healthy and wealthy lifestyle in my daily blog. Also if you have a property that you are renting or selling and would like me to feature it with your contact information please send me a message and I would be happy to assist you. After all helping people is the exact reason why 90% of my business comes from referrals. With that said I would like to finish my profile with the mission statement which drives my business each and every day…
By Referral Only means devoting my time and energy to focusing on your goals, offering you options and providing the excellent service you deserve and expect. My commitment to high-quality service continues even after our transaction is complete. In response to this superior service, I depend on your endorsements and referrals from family, friends, neighbors, and coworkers. It is my burning desire to build a business based on strong, lasting relationships through confidence and trust. You should expect nothing less than 100% Commitment From Me.
Your Real Estate Consultant For Life
Dan McDevitt
Who I'd like to meet: HOME BUYING 101 WITH DAN MCDEVITT
WHAT IS A MORTGAGE AND HOW DOES IT WORK?
A mortgage makes homeownership possible for most people. In the simplest terms, it is a loan that is secured by real property. The lender holds title to the home until the loan is completely repaid. If you fail to pay up, the lender has a right to take the property, sell it, and recover the money that is owed.
The amount of a mortgage will vary greatly depending on the down payment you make to reduce the amount of money that is needed to finance the home. You may put as much money down as you like, or you can sometimes pay as little as 3 to 5 percent of the purchase price, or sometimes nothing at all. The more you put down, the more you reduce the amount that is financed, thereby lowering your monthly payment.
The monthly payment consists of both principal and interest but also typically includes additional amounts to cover property taxes and insurance - specifically hazard insurance and private mortgage insurance, the latter of which is required for down payments less than 20 percent of the purchase price.
Homebuyers in the U.S. have access to several different types of mortgage loans.
WHY IS LOCATION SO IMPORTANT?
Location remains the single most important factor when choosing a home. It can make or break the value and desirability of a home.
Because everyone’s preferences vary, your lifestyle will determine the best place for you to live. Some people prefer the suburbs while others thrive on downtown living. If you favor city living, find out what part of the city suits you best - a fast-paced neighborhood or one slightly more subdued. Talk with the neighbors and keenly observe such things as traffic patterns, lifestyles, and even sounds and smells.
When choosing a town, take property taxes, schools, accessibility to work, services, recreation, and the character of the community into consideration.
HOW CAN OWNING A HOME PAY OFF AT TAX TIME?
A home provides many tax benefits, literally from the time you buy to the time you sell. The mortgage interest paid on a home loan up to $1 million for a primary residence or second home is tax deductible every year, as is the local property tax. Other mortgage costs—including late-payment charges and early-payment penalties—are also deductible. And if you use a portion of your home for business purposes, you can take a depreciation deduction as well.
Many federal tax benefits are also available from local and state tax agencies. Contact your local tax agency for more information.
WHAT SHOULD I TAKE INTO ACCOUNT WHEN BUYING A BRAND NEW HOME
You can find out more about an existing property and neighborhood before you buy than you can a new home in a newly developed community.
When the home is on the outskirts of town, ask the developer about future access to public transit, entertainment venues, shopping centers, churches, and schools. Also review local zoning ordinances. A remote area can quickly turn into a fast food haven. You want to ensure the neighborhood will not spiral out of control and lose its residential appeal.
Other things to consider:
Ask homeowners already living in a development about the builder. If none currently live there, find out where the builder has previously built and speak to those owners to find out if the builder followed through on promises and needed repairs .
Ability to make changes. Most homes in a development resemble each other. But the developer may impose restrictions on house color, landscaping, renovations, and other items that a homeowner may want to alter.
Do not buy into the highfalutin images created by marketing experts. Form your own opinions about a property and only buy where you feel comfortable. After all, you are the one who will be living there.
DO I NEED AN ATTORNEY TO BUY A HOME?
A lot depends on the state where the property is located. Some require an attorney; others do not.
Most homebuyers can generally handle routine real estate purchase contracts as long as they read the fine print and understand all the terms. But pay close attention to any clauses, contingencies, and other special considerations that will allow you or the seller to back out of the contract.
When in doubt, consult an attorney. Ask relatives and friends, or your real estate agent, for recommendations. Call to inquire about their fees and to check their level of experience. Expect that more seasoned attorneys will cost more.
HOW CAN I FINANCE WORK NEEDED ON A FIXER UPPER?
According to the Millennial Housing Commission created by Congress, few lenders are willing to administer home improvement loans. Most prefer to make home equity loans or unsecured consumer loans because they are easier to manage. Home improvement loans usually require inspections and irregular draws on the loan amount as work is completed, which requires regional or national lenders to find local partners to provide oversight.
Financing repairs and improvements with home equity is okay for most homeowners, but it is difficult for many first-time buyers. They have lower-incomes, smaller savings, and have made lower down payments on their homes than first-time buyers a decade ago. So they have little equity to borrow against. Unfortunately, it is often lower cost older homes purchased by first-time buyers that need the most work.
Unless you have a cash reserve, you will have to shop around for the best borrowing terms. In addition to the options listed above, you can ask relatives for a loan. Borrow against your whole life insurance policy. Refinance your existing mortgage. Get a second mortgage. Contact the government about home improvement programs. And—only as a last resort
IS PRIVATE MORTGAGE INSURANCE NECESSARY?
Lenders require private mortgage insurance (PMI) on most conventional loans with less than a 20 percent down payment. They believe there is a correlation between borrower equity and default. They have found that the less money borrowers put down, the more likely they are to default on a loan. PMI guarantees the lender will not lose money if this happens and a foreclosure is necessary.
The buyer pays this insurance, usually a small fee at the outset and a percentage of the face amount of the loan that is added to the monthly payment.
What most homeowners do not realize is that the insurance is usually no longer necessary after enough equity has built up in the property. Contact your lender if you meet this requirement and want to drop PMI.
A precaution: do not confuse PMI with mortgage life insurance. The latter pays all, or a portion, of your mortgage in the event of your death.
Hey i got a qustion well i work the street team for M.C.W. and i wanted to know why you guys never have the shows at the rec center in bel air md that place has alot of room for shows and be great place to have shows there
Hey there Dan, Looking forward to meeting you and maybe doing some business together in the near future. Give me a call. You can find my info at WWW. NPI1ST. COM .
