Archive for General

Banks Are Creating A Sellers Market For Their Short Sale Properties

In some parts of Maryland banks are creating a sellers market for their short sale properties by lowering the price well below what the seller originally paid for the property. This creates competition and a sellers market for that particular property. I have witness properties that were originally purchased for $486,000 being sold by the bank for [...]

Posted by: Naji Rashid on Wednesday, May 7th, 2008

Some Short Sales Can Take 60-120 Days To Be Approved And Settled!

A lot of buyers are really getting frustrated with how long it takes to get approved and settled on a property listed as a “short sale.” Before I show a client a property that says “short sale” I call the listing agent to see if the property has already been approved for a short sale. If not, [...]

Posted by: Naji Rashid on Friday, April 4th, 2008

Maryland’s Education System Ranks Among Nation’s Best!

I received the following information from Nancy S. Grasmick the State Superintendent of Schools for the Maryland State Department of Education. Ms. Grasmick stated the following. “Education Week, the nation’s leading education newspaper, recently published its 2008 “Quality Counts” report- the Consumer Reports of education. For the first time in the 12-year history of this [...]

Posted by: Naji Rashid on Thursday, February 7th, 2008