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News & Announcements

Debt Ratios are the Biggest Hurdle for Mortgage Applicants 
Credit-risk managers say borrower's ability to repay loan outweighs FICO scores and size of down payment. Read more.

HUD to Allow Dual Agency in Pre-Foreclosure Transactions  
On Friday, July 14, 2014, the US Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2014-15 allowing dual agency agreements in FHA pre-foreclosure transactions. Get the details. 

New Homes Addendum Form Now in Effect. 
Form 1602, New Homes Addendum, went into effect July 1 for use in Montgomery County, MD and Washington, DC. The required wording has been added to Paragraph 15: Property Tax Credits for Accessibility Improvement. Updated forms are available in the Member Portal. 

Prevent SentriCard® Service Interruption. 
GCAAR would like to remind brokers and agents to not provide your SentriCard® or PIN number to another agent, assistant, family member, prospective buyer, etc. If a customer service representative becomes aware that your card is in possession of an "invalid cardholder", your SentriCard® will be terminated, immediately. Your card will not be reactivated until you visit a GCAAR office with a valid photo ID. View SentriLock rules and regulations 

 

Valuable Resources

May/June Issue of Capital Area REALTOR® magazine 

 

 GCAAR Cares Donate Button 

 

 


   

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Home Sales Statistics 
June 2014

Washington, DC
Condo Coop | Single Family 

Montgomery County
Condo Coop | Single Family  

View Press Release 

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