Free Money to Maryland First Time Homebuyers! $35,000 To Qualified Baltimore First Time Home Buyers That Doesn't Need Paid Back! Call or Email Me Now!

by qdavemelka 18. December 2011 14:54

BUYER ELIGIBILITY

 

1. Before signing a real estate contract, completes Homebuyer Education Curriculum: Workshop(s) & Counseling with a Baltimore County affiliated Housing Counseling Agency *.

 

2. Meets Income Eligibility: 80% of area median, adjusted for household size.

 

  1. First time home buyer (cannot have previously owned a dwelling within the last 3 years). Exceptions can be granted for separation, divorce or death of spouse or prior ownership of documented substandard housing.
  2. Qualifies for a fixed rate mortgage with a Participating Lender. (See the Referral List )
  3. Post purchase liquid assets cannot exceed 25% of gross annual household income.
  4. Gift Contributions may not exceed 3% of the sales price.
  5. Buyer's proposed post purchase housing and total debt ratios cannot exceed 31% and 43%, respectively, of the gross monthly household income.
  6. Has cash equal to 5% of gross household income to contribute to purchase (see below).

 

 

 

PROPERTY CRITERIA

 

1. Existing dwelling that is owner occupied, occupied by buyer, or vacant. New construction is excluded.

 

2. Dwelling types: Single family detached, semi- detached, townhouse, and condominium unit.

 

  1. Located within the mapped Community Conservation Area. Please see MALP Program Boundaries.

 

4. Has had a satisfactory home inspection and has been certified as meeting the federal Housing Quality Standards (HQS) using an inspection firm from the County's pre-qualified list. The HQS certification provides assurance to the County that the dwelling is free from hazardous defects and meets basic standards for safety and livability. All noted deficiencies must be corrected and verified prior to SELP Loan approval. The home inspection and HQS certification fee can be included as part of the buyer's minimum cash contribution.

 

  1. The cost of repairs required to correct HQS identified deficiencies might be Included in the borrowers maximum loan amount up to $2,500 when such repairs are done by a licensed contractor.

 

 

 

MALP LOAN TERMS

 

1. MALP Loan Amount: Minimum $15,000, Maximum $35,000(of which up to $25,000.00 can be used for principal curtailment).

 

2. Buyer's minimum cash contribution: 5% of gross annual household income.

 

3. MALP Loan- Loan is deferred for fifteen (15) years ("Affordability Period "). Thereafter, the loan is forgiven after 15 years, unless sale, transfer of title or default occurs before the end of the (Affordability Period) 15 years.

 

4. Primary Loan- Loan principal is repayable upon the earlier to occur of sale, transfer, refinance, default on primary loan, or discontinuance of borrower occupancy in the home.

 

For more info on the MALP program, please contact me at #443-677-2074.

 

Please browse my website for listings, reports and important local real estate information.

 

Dave Melka

 

MY SERVICES TO BUYERS ARE ABSOLUTELY FREE!!!!! CALL ME ANYTIME.

 

Your Realtor for life!
Long And Foster, Aberdeen Maryland Sales

 

Hud and Foreclosure home specialist!

 

cell # 443-677-2074 office # 410-575-6411 voice mail # 410-575-6411

My other web site's are http://www.davemelkarealtor.com and http://www.BALTIMORELOWPRICEDHOMES.COM OR HTTP://WWW.FINDEROFDREAMHOMES.COM

EDGEWOOD AREA HOME OWNERS, I'M HERE TO HELP IF YOU NEED TO SHORT SALE YOUR HOME, CHECK OUT MY BOOK!

by qdavemelka 6. October 2011 17:25

 

Harford County Maryland Realtor, I Can Short Sale Your Home!

Baltimore Maryland Realtor, I Can Short Sale Your Home and You Can Stay In Home During The Sale Process!
PRLog (Press Release) - Feb 14, 2011 - Dave Melka Releases New Book: “Should I Short Sale My Home”
02/14/11 ---  Dave Melka, a Realtor of Real Estate Professionals, Inc. in Baltimore, Md, has just released a new book called ‘Should I Short Sale My Home…A Homeowner’s Guide To Surviving The Worst Real Estate Market In History”.  The book is a how-to guide for under water, distressed homeowners. Now officially the worst real estate market ever, millions of homeowners will benefit from Dave Melka's expertise on how to short sale a home.  This expertise is invaluable at a time when the nation’s housing market is devastated by millions of distressed homeowners thrust into the foreclosure process.

Dave Melka, co-authored the book with Tim and Julie Harris, founders of Harris Real Estate University, the nation’s leading coaching and training program for real estate professionals.

The Short Sale of a property allows the distressed owner, through their Realtor, to find a buyer willing to purchase their home before they are forced into the foreclosure process. The owner can then use proceeds to repay their lender, even if the amount is less than what they actually owe on the property. In the current economy nearly all lenders are willing to consider Short Sales because they are less costly and time-consuming than foreclosures.

“The ‘Should I Short Sale My Home Book’ has been invaluable tool for homeowners to see how I work with sellers and lenders on complicated Short Sales. In the [City], more than [Number] homes are in some stage of foreclosure. The best action against foreclosure is Short Sale,” said [Realtor Last Name], “It is so rewarding to be able to help families save their homes from foreclosure.”

Tim and Julie Harris, founders of the Harris Real Estate University in Las Vegas, NV, said “Realtors such as [Name] have valuable training in Short Sales and can offer homeowners a better alternative to foreclosure, which inevitably destroys their credit rating and prevents them from having the ability to purchase a new home.  Through our in-depth training and continuous education programs, these agents are trained to aggressively seek sellers and buyers using our extensive marketing techniques.”

The Harris Real Estate University opened in 1998, and provides Distressed Property Agent training through webinars, teleseminars and business coaching.  Agents can earn their Short Sale Listing designation remotely from their offices all across the nation. The HREU ASD is the premier designation for Realtors who want to specialize in helping distressed homeowners.

If you feel you are in need of more information about foreclosure alternatives, or if you are under water on your mortgage payments, call Dave Melka, Real Estate Professionals, Inc for more information 443-677-2074.  For a limited time, Dave Melka is offering the book for free to local distressed homeowners.


Specializing in the sale of residential and commercial properties in the Baltimore, Md area,Real Estate Professionals, Inc. lists and sells homes in Baltimore, Harford, Cecil, Anne Arundel, Howard and many other counties, for more information, or visit www.davemelkarealtor.com.com

Contact Name: Dave Melka
Company: Real Estate Professionals, Inc.
Address: 518 Eastern Blvd Baltimore, Md 21221
Phone: 4436772074
Email: marylandreo@ymail.com
Website: davemelkarealtor.com

Tags:

foreclosures baltimore | General | harford and cecil county maryland

Harford County Maryland Realtor, The Dave Melka Home Buying & Selling System!

by qdavemelka 17. August 2011 17:58

Distress Sales/Bank Foreclosures Hotlist

Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find these deals, because you have to keep scouring the paper to see when one comes up.

If you're the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.

Here's how it works. You will receive a FREE report listing the current Foreclosure properties (including photos if available) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.

You can request this free "Distress Sales and Bank Foreclosures Hotlist" by going to http://www.davemelkarealtor.com

Baltimore Foreclosure Homes For Sale Free List Emailed Today With Pic's!

by support 2. September 2009 09:07

ATTENTION RENTERS, FIRST TIME HOME BUYERS AND INVESTORS!!!!
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foreclosures baltimore

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