HB 553/Chapter 410: Energy-Efficient Homes Construction Loan Program

Submitted by admin on Thu, 01/27/2022 - 21:38

The loan program was created to supply construction loans for building low-energy or “net-zero” homes, which create as much energy as they use, with a HERS (Home Energy Rating System ) index rating of 50 or lower. The program provides loans for as low as 0% and includes regulations designed to increase participation by minority owned businesses.

Foreclosures and Certified Community Development Financial Institutions

Submitted by admin on Thu, 01/27/2022 - 21:37

Effective April 14, 2014, Maryland's House Bill 595 authorized a certified Community Development Financial Institution (CDFI) to step in prior to a foreclosure and purchase an owner-occupied residential property, and then transfer the property back to the original owner.

It also blocks the use of a Affidavit, Statement, Agreement or Addendum from preventing or hindering a sale to a CDFI. Such contractual elements will be deemed unenforceable and the sale to a CDFI will be allowed.

Residential Property Statute of Limitations for Deficiency Judgments

Submitted by admin on Thu, 01/27/2022 - 21:35

Effective July 1, 2014, Senate Bill 708 amended Courts and Judicial Proceedings Article, § 5-102 and reduced the period of time which a an entity could seek a deficiency judgment against a party who had been foreclosed on in Maryland. Up until then, you could have your home foreclosed on and, after the home was liquidated to cover the amount owed on your note, if the bank did not collect the full amount they were owed, they could come after you at a later date - presumably when you were financially back on your feet. This applies to a deed of trust, a mortgage and a promissory note.

Landlord Tenant Buffer | DC Property Management 101

Submitted by admin on Thu, 01/27/2022 - 21:35

Degrees of Separation

While reasons for hiring a property management company may differ -- landlord is busy with their day jobs, not interested in managing properties, don’t have enough time -- it is almost universally true that a direct relationship with the tenant almost exclusively benefits the tenant. Many landlords simply don’t want direct contact with tenants because they prefer the anonymity.

Why would a landlord be so cautious? Here are some reasons why some landlords choose to establish a degree of separation:

Managing Rental Property

Submitted by admin on Thu, 01/27/2022 - 21:34

Foxhall Investments takes special care in assisting clients in the management of their small and medium-sized rental property portfolios. Here is a brief outline of what we will do to help maintain and develop your investment:

MARKETING
Design marketing collateral that properly showcases your real estate
Implement a targeted marketing campaign specific to each rental property, and its relative market

Leasing Rental Property in DC

Submitted by admin on Thu, 01/27/2022 - 21:33

Renting to the wrong tenants can hurt your investment. Foxhall Investments will help find and screen quality tenants efficiently - helping you to make informed, strategic decisions. We also:

PRICE AND PREPARE THE PROPERTY FOR RENT
Recommend a competitive rental price based on current market conditions
Recommend and manage repairs and improvements
Hire qualified and competent contractors

Seller Financing

Submitted by admin on Thu, 01/27/2022 - 21:32

What is Seller Financing?

Seller Financing is a term used to describe the an alternative form of financing in which a seller provides financing for a real estate transaction. Seller Financing can be offered for a variety of reasons: to accommodate a buyer who has difficulty obtaining a loan due to financial or regulatory constraints, to create a retirement vehicle for a homeowner who would like to turn their existing home into a financial instrument, or to avoid mortgage contingencies.