Casey Property Solutions LLC

Have you seen the new Port Covington Project starting off of I95 in Baltimore? Look at this highlight of what the first phase of the project looks like! Click on the attached article to see the amount of jobs and hosing this project will provide:

"The five new Port Covington buildings are scheduled to begin delivering in late 2022. This development phase will have 440,000 sq. ft. of office; 586,000 sq. ft. of residential from 537 total housing units which break down as 367 market-rate residential dwelling units, 89 affordable dwelling units (ADU), and 81 extended-stay units; 116,000 sq. ft. of retail; more than 1,000 parking spaces; and 10 acres of parks and public space. Upon delivery of Chapter 1B, 20 percent of the residential units in Port Covington will be ADU."

Third Tower Crane Going Up at Port Covington, Total of Five Cranes Planned With five buildings currently under construction in Chapter 1B of the Port Covington Development, the tower cranes are starting to appear in the sky of the South Baltimore neighborhood. There are now two tower cranes installed at the site and installation is being finalized on a third, with two more...

With delinquency rates hitting a high like this, change in the market is bound to happen. Inventory has been low post Covid, which has led to a great time to sell, but with an increase in preforeclosures the market could shift. What do you think?

Mortgage delinquency rate hits 21-year high The share of homeowners four months behind on their mortgage payments hit a 21-year high in July, according to CoreLogic.

A lot is obviously going on because of COVID-19, mortgage forbearance being one of many things. Whether your looking to try and refinance after this period or just sell and cash out, which we can help with, it’s good to stay informed on the topic. Please read the article to keep yourself knowledgeable!

P.S. - if you find yourself if a stressful situation, please feel free to reach out to us for a free consultation on how to get your property sold!

Fannie Mae, Freddie Mac will allow borrowers who took forbearance to refinance their mortgage The GSEs will now allow borrowers who went into COVID-19 forbearance to refinance their loan or buy a new home with the support of the GSEs.