Tag Archives: foreclosure help

Will Website Changes Jolt Electricity Savings?

Many families needing foreclosure help would benefit from any efforts to lower their bills, and the Maryland Public Service Commission (PSC) is trying to offer some assistance by giving their website a “consumer-friendly overhaul.” The Baltimore Business Journal reported on January 3, 2012, that a December 29 report from the PSC’s Consumer Education and Choice workgroup said a cost calculator would allow residents to weight their options for electricity suppliers without persuading them one way or another. While the Journal noted that households have been able to buy electricity from a source other than utilities like Baltimore Gas and Electric Co. (BGE) since the state deregulated its energy market in 1999, a bill signed into law by Governor Martin O’Malley last May required the most recent changes. According to the Journal, nearly 100 companies have been certified to sell power in BGE’s territory of central Maryland and nine of them are…
Read More »

Posted in Foreclosure | Tagged | Comments Off on Will Website Changes Jolt Electricity Savings?

Cheaper Homes Lost More Value Than Expensive Ones

While homeowners of all types have seen the values of their houses decline in the half-decade since the market peaked, a new report indicates that homes in the bottom quarter of the market have lost more value proportionately than those in the top tier. Real Estate Economy Watch reported on December 21, 2011, that an analysis by California-based investment bank Clear Capital found that lower priced homes experienced declines of 45 percent on average while higher priced homes lost only 25 percent of their value since the crash. The overall national average was 39 percent. “The lower end was first to go in terms of values and the top tier held out longer,” Alex Villacorta, director of research and analytics for Clear Capital, told Economy Watch. While higher priced homes, however, did lose more real value dollar wise, the average decline was $120,000 compared to an average of $60,000 lost…
Read More »

Posted in Foreclosure | Tagged | Comments Off on Cheaper Homes Lost More Value Than Expensive Ones

Foreclosure Rate in Maryland Goes Up While National Average Goes Down

The home foreclosure filing rate in Maryland for November was 6.1 percent lower than the previous year but rose 8.6 percent from October, the Gazette reported on December 16, 2011. According to data from Irvine, California-based RealtyTrac, the national average of one filing per 579 households last month was down 2.7 percent from October and 14.5 percent from a year earlier, but the one filing per 1,800 households in Maryland was the 10th-lowest rate in the nation. The Gazette also noted that with one filing per 1,150 households, Prince George’s County did not have the highest rate in the state for “the first time in many months.” Instead, Charles County led the state in that dubious category with one filing per 964 households. It was mentioned on this blog last month that one study estimated it could take decades to clear out the foreclosure backlogs of both Maryland and Washington…
Read More »

Posted in Foreclosure | Tagged | Comments Off on Foreclosure Rate in Maryland Goes Up While National Average Goes Down