Baltimore Real Estate & Homes for Sale

Home raffle ends with red ink
Not enough takers; attempted fundraiser has cost it money, charity says

Alan Klatsky, left, president of Prestige Development, will now sell the $1.6 million house he and Bob Brantley, right, president of the Universal Peacemakers Foundation, had planned to raffle off for charity. The raffle failed because too few people bought tickets.

Posted: Wed, 10 Mar 2010 00:00:00 -0500

Office building owner wants to convert property to apartments
Midtown-Belvedere building is more than 100 years old

The owner of a vacant nine-story office building at 11 E. Chase Street in Midtown-Belvedere is seeking city approval to convert the property to 56 apartments.

Posted: Fri, 12 Mar 2010 14:04:00 -0500

The Real Estate Wonk: Change brewing on FHA loans

Posted: Fri, 12 Mar 2010 07:00:00 -0500

Mortgage assistance plan growing, but hundreds of thousands of borrowers have no answer
WASHINGTON (AP) — Hundreds of thousands of homeowners are in limbo waiting to find out if they will be accepted for the Obama administration's foreclosure prevention program.

Posted: Fri, 12 Mar 2010 16:35:00 -0500

City parking garage plan wins design panel approval
A Virginia-based developer's quest to build a parking garage at 18 W. Saratoga St. received a key endorsement Thursday when Baltimore's Urban Design and Architecture Review Panel gave "revised schematic approval" to the latest design for the project. The plan by David and Richard Hillman of Southern Management Corp. calls for a 12-level, 375-space garage to be buried mostly underground, with just 24 spaces above street level. The top of the building would be 26 feet above the sidewalk. Review panel members and neighboring residents said the design was a vast improvement over previous plans that threatened to dwarf the adjacent Old St. Paul's Rectory. Richard Hillman said his company is working to get building permits in time to start construction later this year and open the garage by late 2011.

Posted: Fri, 12 Mar 2010 00:00:00 -0500

City granted more time to file new complaint against Wells Fargo
A federal court judge on Friday granted Baltimore more time to file a new discrimination complaint against mortgage-lender Wells Fargo Bank, which city leaders had asked for in the hopes that they could instead reach a deal "without the need for further litigation."

Posted: Fri, 12 Mar 2010 15:59:00 -0500

Purchase rescues Nixon's Farm in Howard County
Friends and associates of Randy Nixon bought 97 acres of his family's half-century-old West Friendship farm, including the well-known catering facility, for $2.5 million Thursday in an auction at the Howard County Courthouse.

Posted: Fri, 12 Mar 2010 00:00:00 -0500

Baltimore-area home sales rose 9 percent in February
Snow doesn't deter buyers, but prices continue to fall

Back-to-back snowstorms shut down the region for days last month, but people still managed to buy and sell more homes.

Posted: Thu, 11 Mar 2010 00:00:00 -0500

Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exit
WASHINGTON (AP) — Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire.

Posted: Thu, 11 Mar 2010 11:41:00 -0500

Real Estate Wonk: Baltimore-area home buying, by price range

Posted: Wed, 10 Mar 2010 08:30:00 -0500