Inman News – To encourage distressed borrowers to agree to deeds-in-lieu of foreclosure, Fannie Mae is reducing the waiting period — from four years to two years — for them to become eligible for a new mortgage. The new policy, which will apply to loan applications submitted after June 30, requires a minimum down payment of 20 percent from borrowers who have agreed to a deed-in-lieu within the past two years. Borrowers with a deed-in-lieu in the past two to four years will be required to put 10 percent down to be considered for a Fannie Mae-backed loan.
Crownsville, MD – New Listing Affordably Priced at $289,900! 3 Bedroom, 2 full bath Split Foyer w/off street parking for 3 in water privileged community of Herald Harbor, just minutes from the Annapolis Mall and Town Center. See more information here – AA7222511
Chester, MD – Reduced to $409,900. Beautiful 4 Bedroom, 2.5 bath Colonial w/2 car garage on cul-de-sac lot in subdivision of Clayborne Woods. See more info here – QA7180619
Phenomenal $40,000 price reduction on home in Centreville, MD. Buy a home in the beautiful subdivision of Hunter’s Ridge outside of Centreville, MD, on a 1.79 acre lot for the price of a townhouse in Anne Arundel County! Rancher with 3 bedrooms; 2 full baths; one half bath; den/office/media room/possible 4th bedroom; large living room; large country kitchen with dining area; laundry/mudroom; full length deck across the back of the house with awning; super 30 X 40 X 16H 2 bay garage with workshop area; backs to agricultural preserve; located on a nicely landscaped cul-de-sac lot. Only 15 minutes from the Bay Bridge. Easy commute down RT 301 to RT 50 and bridge. Shopping nearby in Centreville and Stevensville. Well maintained home with new carpeting installed throughout for the new buyer. One car attached garage has a kitchenette – great for crab feasts or cookouts – still has room to park a vehicle. Built in 1995. See details online at homesdatabase.com MLS# QA7159607 226 Winchester Rd., Centreville, MD 21617 Listing Broker: Charles Kraus, Coldwell Banker Residential Brokerage (O) 410 919-2642
See post below for photos and more information.