5 new rules for home buyers - 05/28/08 04:08 PM
This is what prospects are reading in Money Magazine  
5 new rules for home buyers
By Amanda Gengler, Money Magazine
May 27th, 2008
(Money Magazine) -- There's no telling how long the housing crisis will drag on. Here's what you need to know before you start shopping in a rocky market.
Rule 1: You can't time the bottom
Face it: The house you buy today will more than likely be worth less next year. That could get you thinking about trying to time the bottom. Resist. It's harder to do than you think, and this is the best buyers have … (0 comments)

Maryland Foreclosure - 7327 COVENTRY DR, MIDDLETOWN, MD 21769 - 05/28/08 02:35 PM
Middletown, Maryland home advertised by Express Auction for a trustee sale on June 24, 2008. The required deposit is $67,000 in cash or certified funds.  www.expressauction.com
Trustee Sales are open to the public and all qualified bidders.  Interested parties should always check for cancellations before attending trustee sales.

In the current market, most of the properties sold at trustee sales are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory.
Please contact Roy Kelley at RE/MAX Realty Group, roykelley@mris.com, to receive reports on lender owned … (0 comments)

Maryland Foreclosure - 16921 Harbour Town Drive, Silver Spring, MD 20905 - 05/28/08 02:10 PM
Covahey, Boozer, Devan & Dore, P.A. and Tidewater Auctions, www.tidewaterauctions.com have scheduled this trustee sale. The $100,000 required deposit must be in cash or certified funds. The Statement of Mortgage Debt is in the approximate amount of $1,058,700.

Trustee Sales are open to the public and any qualified bidders. Interested parties should always check for cancellations before attending trustee sales.  Cancellations can take place up to the last minute before the scheduled auction.
In the current market, most of the properties that are sold are purchased by the mortgage lenders. The lenders then offer the homes for sale when … (0 comments)

Maryland Foreclosure - 1027 Southern Night Ln., Gaithersburg, MD 20879 - 05/28/08 01:40 PM
Tidewater Auctions is advertising a Gaithersburg Trustee Sale.
Trustee sales are open to the public and any qualified bidders. The deposit must be in cash or certified funds. Buyers that plan to use mortgage financing should advise their loan officers that they are trying to purchase a foreclosure that will be sold in "as-is" condition. 
Prospective bidders should always check for cancellations before attending trustee sales.
At the Montgomery County Courthouse Door, Judicial Center, Courthouse Square entrance, Rockville, MD(Legal Ads appearing in The Sentinel on 5/15, 5/22, 5/29)12:30 PM 1027 Southern Night Ln., Gaithersburg, MD 20879 $30,000
In the current … (0 comments)

Maryland Foreclosures - Pending Trustee Sales - 05/28/08 09:34 AM
 These are trustee sales scheduled by Harvey West for Friday.  Trustee Sales are open to the public.

… (0 comments)

Maryland Foreclosures - Trustee Sales Scheduled By The Fisher Law Group - 05/27/08 04:16 PM
 Trustee Sales are open to the public and all qualified bidders are invited to participate in the auctions.
THE FISHER LAW GROUP, PLLCSALE SCHEDULE INTERNET LISTING
The following is a listing of scheduled foreclosure sales. It is provided as a convenience to interested bidders and is NOT contractually binding. For the actual terms of sale, interested bidders should see the published advertisement of sale. All sales are held at the Courthouse Door of the Circuit Court in the county in which the property is located except for District of Columbia properties, which are sold at the Offices of Adam A. … (0 comments)

Maryland Foreclosures - Trustee Sales In Montgomery County On June 4, 2008 - 05/27/08 04:10 PM
Alex Cooper, Auctioneers, has a light schedule of trustee sales next week. All of the scheduled sales will be held on Wednesday. Prospective buyers should always check for cancellations before attending sales.
Trustee sales are open to the public. The required deposits must be in certified funds or cash. Many bidders have cashier's checks payable to themselves and will endorse the checks when they are successful as high bidders.   
Wednesday, June 4, 2008 Montgomery County
10:00 AM - 19703 Teakwood Cir., #93, Germantown, 20874 Dep. $28,000. BU
10:02 AM - 14141 Yorkshire Woods Dr., Silver Spring, 20906 Dep. $31,000. … (0 comments)

Maryland Foreclosures - Trustee Sales In Montgomery County - 05/27/08 04:02 PM
These are the Montgomery County, Maryland trustee sales scheduled for the rest of this week by Alex Cooper, Auctioneers.
Trustee sales are open to the public and all qualified bidders are invited to participate in the auctions. In the current market, a high percentage of the properties are purchased by the mortgage lenders. Then the lenders offer the homes for sale when they become part of the REO inventory.
  Thursday, May 29, 2008 Montgomery County
11:15 AM - 1117 Broadwood Dr., Rockville, 20851 Dep. $39,000. BU
11:15 AM - 9736 Glen Ave., #104, Silver Spring, 20910 Dep. … (0 comments)

Maryland Foreclosures - Chevy Chase REO Bargain - 05/27/08 03:37 PM
In Chevy Chase, Maryland, you have found a bargain if you find a lot for under $540,000.  In this case, the lot comes with a home as well. The previous owner purchased this property in October, 2007 for $772,000. Now the home is offered as a lender owned foreclosure at $539,900. You may wish to move quickly and submit an offer if this is the location for you.
Prospective REO purchasers need to be pre-approved for mortgage financing. Please contact us if you need a referral to a lender.  

Please contact Roy Kelley at RE/MAX Realty Group, roykelley@mris.com, if you wish to … (0 comments)

Maryland Foreclosures - Bargain Price On Countrywide Home Loans REO - 05/27/08 03:05 PM
New Countrywide Home Loans REO listing in Fountain Hills, Germantown, Maryland.   Gorgeous three levels with four feet bump out on all levels. Truly in move in condition. Bright sunny exposures, wood floors, cathedral ceilings in master bedroom, garage, deck & patio near community pool.  And, what a buy!  The previous owner purchased this home in May, 2005 for $454,000 and it is being offered for sale now at $372,900.
Prospective purchasers must be pre-qualified by Countrywide Home Loans. Please contact us for a referral to a loan officer. The lender is offering a free appraisal and credit report. Buyers with limited funds may wish … (0 comments)

Maryland Foreclosures - Fixer-Upper Purchase Opportunities - 05/27/08 02:39 PM
INVESTOR ALERT 
Lender owned home offered for sale as a fixer-upper. This home sold for $555,000 in November, 2005 and is now offered at $384,900.  It has water damage in the basement and may not qualify for normal financing. This is a good opportunity for a contractor or an owner occupant planning to use FHA 203 (k) renovation financing.  Make an offer!

Please contact Roy Kelley at RE/MAX Realty Group, roykelley@mris.com, for reports on lender owned foreclosures in Montgomery County or Frederick County, Maryland. Please include your phone numbers and current address with your request. We represent buyer clients as their exclusive … (0 comments)

Maryland Foreclosures - Low Prices Attract Buyers to Montgomery Village - 05/27/08 02:14 PM
Yes, low prices are attracting buyers to REO listings in Montgomery Village, Maryland 20886.  This home is a good example. The previous owner purchased the property in March, 2006 at $345,000 and the lender is now offering it for sale at $249,900.
This is a home owned by Countrywide Home Loans.  Prospective purchasers are required to be pre-qualified by a loan officer at Countrywide.  The lender is offering a free appraisal and credit report if you use them for your mortgage financing. Buyers with limited cash may wish to consider FHA financing and ask the seller for a contribution towards closing costs. … (0 comments)

Maryland Foreclosure - 13220 CATAWBA MANOR WAY, CLARKSBURG, MD 20871 - 05/27/08 01:48 PM
Mortgage financing and REO homes.
This is a new lender owned foreclosure available for sale in Clarksburg, Maryland. The lender is anxious to sell and is offering $20,000 in closing costs assistance to the buyer.  
The first step in the purchase is consideration of mortgage financing.  Buyers should always be pre-qualified for financing when considering the purchase of an REO property. If you wish to purchase for the lowest cash requirement, you may wish to ask the seller for closing cost assistance.  Many buyers are also considering FHA financing for the low down payment requirments. Please contact us if you need a referral to a lender for free pre-qualification.  
… (0 comments)

Maryland Foreclosures - Need For Renovation Financing - 05/27/08 01:13 PM
Buyers of REO homes should be prepared to use renovation financing if they wish to purchase properties with deferred maintenance and repair requirements. This home is a good example. It is a lender owned property offered for sale by Countrywide Home Loans.  It was built in 1936 and has great potential And, as you can see from the picture, it has curb appeal.
What you can't see is that the kitchen is missing. So, home will not qualify for normal financing. With renovation financing such as FHA 203 (k) financing, a buyer can purchase this property and have the funding for repairs including a new kitchen.
When buying … (0 comments)

The 20-50-30 Rule From Dirk Zeller - 05/27/08 12:46 PM
Coaching advice from our friend Dirk Zeller at Real Estate Champions
The 20-50-30 Rule
Dirk ZellerCEOReal Estate Champions
We have all been exposed to the 80/20 rule.  This rule states that 80% of our results come from 20% of our labor, or 80% of our income will come from 20% of our clients.  When this rule is learned and applied, it is a powerful tool towards success.
There is another rule, which I have applied with great results throughout my sales career.  It is more powerful but less known than the 80/20 rule.  It is the 20/50/30 rule.  Let's take an … (5 comments)

Maryland Foreclosures - Montgomery County, MD REO Homes For Sale - 05/27/08 11:00 AM
Note on the market for lender owned homes: The REO homes are selling at an increased pace. Buyers are now taking advantage of the low prices that can be negotiated along with the low interest rates.  Many new buyers are using FHA financing for the low cash requirements. It is now easier to make the numbers work on rentals for investors. The over supply of the inventory of lender owned homes has created wonderful opportunities for buyers. Some of the surplus of homes is being reduced by lender auctions.  Several hundred REO homes are scheduled for auction within the coming month. … (0 comments)

How to Stand Out from the Crowd - 05/26/08 01:20 PM
Business Booster tips from one of our favorite loan officers in Maryland.
 
… (2 comments)

Maryland Foreclosure - 10 Acre Horse Farm in Frederick County - 05/22/08 02:25 PM
Most buyers do not think of looking at the foreclosures lists to find their dream home in the country. This lender owned farm house dating to 1900 may be just what you need for your horse loving family.  Email us at roykelley@mris.com if you would like to have more information on this property or other available properties.
Prospective buyers need to have a pre-qualification letter from a lender.  Please contact us for reports on all of the lender owned homes in Frederick County and in Montgomery County, Maryland 

… (0 comments)

Maryland Foreclosure - REO Price Reduction in Urbana 21704 - 05/22/08 02:03 PM
Lenders are reducing the prices on REO homes until they are sold. This home in Urbana Highlands was just reduced $70,000. 
Please contact us for reports on lender owned foreclosures in Frederick County and Montgomery County. It is really a great market for buyers. The selection is large and the interest rates are very attractive.

… (0 comments)

What Real Estate Agents Are and Are Not - 05/22/08 11:00 AM
Advice from Dirk Zeller at Real Estate Champions. 
What Real Estate Agents Are and Are Not
Dirk ZellerCEOReal Estate Champions
Real estate agents join doctors, dentists, attorneys, accountants and financial planners in the ranks of licensed professionals that provide guidance and counsel to clients. The big difference is that most agents don't view themselves as top-level professionals. A good many agents, and a good portion of the public, perceive agents as real estate tour guides, or as home inventory access providers, or even as just a necessary cog in the wheel of the property sale transaction. The best agents, however, know … (0 comments)

Using Voicemail to Start Off Right - 05/22/08 10:27 AM
Another Business Booster from one of our favorite loan officers.  
 
 
… (0 comments)

What to do after a flood - 05/22/08 08:53 AM
Tips from our State Farm Agent in Maryland 
What to do after a flood
 By Kevin Voritskul      
State Farm® agent
People have said it couldn't happen to them. People have said it wouldn't happen in their area.
But it can and it does. And when a flood occurs in the community, anyone can suffer
the devastation of a loss - lost property, lost irreplaceable items and, unfortunately, sometimes lost lives.
Flood survival tips:      
Remember that your dwelling, furnishings and possessions can be covered by flood insurance, but your life can never be replaced. Take into consideration these safety tips if … (2 comments)

Frederick, MD - Lender Owned Foreclosures For Sale - 05/21/08 11:08 AM
We emailed this report to our clients today. This report covers the lender owned foreclosures currently for sale in Frederick County, Maryland. 
If this information is helpful to you, please make comments and offer suggestions on how we may better serve the investors and owner occupant purchasers  interested in foreclosure opportunities.  Due to the length of the report, we do not show the homes that are under contract. That list is also very long. This is an active market for buyers and a time of great opportunity. Prospective buyers should educate themselves on the foreclosure process in Maryland and understand the benefits … (0 comments)

9912 COLORADO CT, DAMASCUS, MD 20872 - Countrywide Home Loans REO - 05/20/08 02:36 PM
9912 COLORADO CT, DAMASCUS, MD 20872 is a Countrywide Home Loans lender owned foreclosure that will be listed soon by Roy Kelley. Our REO staff is now preparing the home for sale.  Please contact us if you wish to be the first to have an appointment to see the property when it is ready for sale.
Prospective purchasers must be pre-qualified by Countrywide Home Loans. Please contact us for a referral to a loan officer.

Please contact us for information on lender owned homes in Montgomery County and Frederick County, Maryland.  The inventory is large and the available … (0 comments)

203 TWISTED STALK DR, GAITHERSBURG, MD 20878 - Countrywide Home Loans REO - 05/20/08 02:24 PM
203 TWISTED STALK DR, GAITHERSBURG, MD 20878 is a new Countrywide Home Loans REO property that is now listed for sale.  Please contact us for information on Fannie Mae, Freddie Mac and bank owned homes in Montgomery County or Frederick County.
The previous owner purchased this home for $410,000 in January, 2007.  Now is the time to take advantage of the opportunity to purchase this property at a very attractive price. Prospective buyers will need to be pre-qualifed by Countrywide Home Loans. Contact us for a referral to a loan officer.

Attractive townhouse located in popular Amberfield, minutes to … (0 comments)

616 EISENHOWER DR, FREDERICK, MD 21703 - Fannie Mae Foreclosure - 05/20/08 01:59 PM
Please contact us for information on Fannie Mae, Freddie Mac and bank owned homes in Frederick County or Montgomery County, Maryland. 
This Fannie Mae listing has been reduced in price and it is a good time to make an offer. It sold for $310,000 to the previous owner in February, 2006.  Prospective buyers should be pre-qualified and the lender should know that the property is in "as-is" condition. 

… (0 comments)

18741 HARMONY WOODS LN, GERMANTOWN, MD 20874 - Countrywide Home Loans REO - 05/20/08 10:53 AM
18741 HARMONY WOODS LN, GERMANTOWN, MD 20874 is a Countrywide Home Loans foreclosure and the new REO listing is in process. Please contact us if you wish to be the first to receive information on this home when the listing is placed on MRIS.
Prospective buyers must be pre-qualified by Countrywide Home Loans as a condition of the contract. Please contact us for a referral to a loan officer.
Contact Roy Kelley  at roykelley@mris.com if you wish to receive reports on lender owned foreclosures in Montgomery County or Frederick County, Maryland.
… (0 comments)

Advice for Anyone Facing Foreclosure - 05/20/08 09:25 AM
 
Daily Real Estate News  |  May 19, 2008
Advice for Anyone Facing Foreclosure Jacob Benaroya, president and managing partner of Biltmore Capital Group, which purchases distressed loans from a wide array of lending companies, offers these seven tips for home owners facing foreclosure.
Don't hide. Open the mail; answer the phone. Respond. Be proactive. Contact the bank or lending institution and discuss your financial situation. Know your mortgage rights. Review loan documents so you know what your lender may do if you can't make payments. Avoid foreclosure prevention companies. Don't pay money for foreclosure advice.. Contact a HUD-approved housing counselor. The U.S. … (0 comments)

9816 DELLCASTLE RD, MONTGOMERY VILLAGE, MD 20886 Home For Sale - 05/20/08 09:10 AM
9816 DELLCASTLE RD, MONTGOMERY VILLAGE, MD 20886 has been on the market for 40 days. Our associates Susan Rusnak and Sally French will welcome an offer on this lovely home. 
Prospective buyers may wish to consider FHA financing for a low cash requirement.  It is always a good idea to have a pre-approval letter in hand  from your lender before submitting an offer. Please contact us if you need a referral to a loan officer.

Welcome to this BEAUTIFUL Colonial home in Fairidge.  5 bedrooms; 2.5 baths; eat-in kit; sep. dining room, family room w/ FP & built-ins; den/office/library or … (0 comments)

17417 MACDUFF AVE, OLNEY, MD 20832 - Foreclosure Sale Scheduled - 05/19/08 03:42 PM
17417 MACDUFF AVE, OLNEY, MD 20832 is scheduled by Alex Cooper Auctioneers for a trustee sale on May 27, 2008 at 11:01 am. The required deposit is $56,600. The public record shows a April 3, 2006 transfer at $680,000.
Trustee sales take place at the Court House Door at 50 Maryland Avenue in Rockville.  Any qualified bidders my participate in the auctions. Interested parties should check for cancellations before attending sales.

In the current market, most of the homes sold at trustee sales are purchased by the mortgage lenders. The lenders then offer the homes for sale when they become … (0 comments)

8686 WELBECK WAY, MONTGOMERY VILLAGE, MD 20886 - Foreclosure Sale - 05/19/08 03:24 PM
Investors Alert:  8686 WELBECK WAY, MONTGOMERY VILLAGE, MD 20886 is scheduled by Mid-Atlantic Auctions for a trustee sale on May 21, 2008 at 11:16 am at the Court House Door in Rockville.  The required deposit is $10,500. The loan is default was made in 2002 with an original amount of $96,222.
Trustee Sales are open to the public and any qualified bidder may participate in the auction.  Prospective bidders should alwsys check for cancellations before attending the sales.

Please contact Roy Kelley at RE/MAX Realty Group roykelley@mris.com for all of your residential real estate needs in Montgomery County … (0 comments)

The Little Book on Big Ego by Joel Epstein - A Must Read - 05/19/08 02:48 PM
My good friend Joel Epstein, a well know speaker and leader in the mortgage banking industry dropped by a copy of his book which I just read. You may wish to consider the book for your personal reading or for your book club.  
The Little Book on Big Ego
is a must read for anyone affected by big egos - that's
that allow you to manage, calm,and control all the egomaniacs in your life.  As a speaker, coach, and
trainer in business, sales and management, Joel Epstein had a powerful and life-changing insight. After
many years of study and  consulting, Joel realized … (0 comments)

Montgomery County, Maryland - Schools Rated High By Newsweek - 05/19/08 02:22 PM
 
For the first time ever, Newsweek magazine has ranked six Montgomery County public highschools in the top 100 high schools in the nation -- more than any other school district inthe United States. In the previous four years, five high schools have appeared in the top100. All of the county's eligible schools are counted among the top 3 percent in thecountry, according to Newsweek.  The six top high schools and their rankings are:  Richard Montgomery, 32 Thomas S. Wootton, 59 Bethesda-Chevy Chase, 63 Walt Whitman, 68 Walter Johnson, 75 Winston Churchill, 96 
… (0 comments)

13307 WATERSIDE CIR, GERMANTOWN, MD 20874 Foreclosure Sale Advertised - 05/19/08 11:17 AM
13307 WATERSIDE CIRCLE, GERMANTOWN, MD 20874 is advertised by Alex Cooper Auctioneers, in The Montgomery  County Sentinel, for a trustee sale on Wednesday, May 21, 2008 at 9:30 AM. The required deposit is $10,000.    
Trustee sales at held at the Court House door in Rockville and are open to the public. Any qualified bidders may participate in the auctions.  Prospective buyers should always check for cancellations before attending the sales.

Please contact Roy Kelley at RE/MAX Realty Group, roykelley@mris.com if you have questions on the foreclosure process in Maryland. We represent clients as their exclusive buyer agents.
Please advise … (0 comments)

18114 BEALLSVILLE RD, POOLESVILLE, MD 20837 Foreclosures Sale Advertised - 05/19/08 11:00 AM
18114 BEALLSVILLE RD, POOLESVILLE, MD 20837 is advertised by Alex Cooper Auctioneers , www.alexcooper.com, for a trustee sale on May 20, 2008. The required deposit is $44,000. The home was purchased on September 8, 2006 for $535,000 and the original loan amount was $429,600. 
Trustee sales are open to the public and any qualified bidders may bid at the auctions at the Court House Door in Rockville.  Interested parties should always check for cancellations before attending trustee sales.

 
In the current market, most of the homes sold at the trustee sales are purchased by the mortgage lenders. … (0 comments)

18404 TAPWOOD ROAD, BOYDS, MD 20841 Foreclosure Sale Scheduled - 05/19/08 10:25 AM
18404 TAPWOOD ROAD, BOYDS, MD 20841 is advertised by Alex Cooper Auctioneers for a trustee sale on May 27, 2008 at 11:03 AM.  The required deposit is $63,000.  This sale is advertised in The Montgomery County Sentinel.
All trustee sales are open to the public and any qualified bidders may participate in the auctions.  Prospective bidders should always check for cancellations before attending the sales at the Court House Door at 50 Maryland Avenue in Rockville.

Most of the homes that are sold at trustee sales are purchased by the mortgage lenders. Then, the lenders offer the homes for sale when … (0 comments)

22106 FAIR GARDEN LN, CLARKSBURG, MD 20871 Foreclosure Sale - 05/19/08 10:10 AM
Alex Cooper Auctioneers is advertising 22106 Fair Garden Lane, Clarksburg 20871 for a trustee sale scheduled for May 20, 2008 at 11:00 AM.  The required deposit is $42,500.  Trustee Sales are open to the public at the Court House Door at 50 Maryland Avenue, Rockville, MD.  The advertisement appears in The Montgomery County Sentinel.
Prospective bidders should always check for cancellations before attending trustee sales.
This property was transferred on 10/18/05 at $504,425. 

In the current market, mortgage lenders are purchasing most of the properties that are sold at the trustee sales.
Please contact Roy Kelley at … (0 comments)

1101 HARDING LN, SILVER SPRING, MD 20905 Trustee Sale - 05/19/08 09:54 AM
Express Auction has scheduled a trustee sale of 1101 Harding Lane, Silver Spring for Tuesday June 3, 2008 at 2:12 PM. This sale is open to all qualified bidders.  The required deposit is $84,000.  Prospective bidders should always check for cancellations before attending trustee sales. This sale is advertised in The Montgomery County Sentinel.
In the current market, most of the homes that are sold at trustee sales are purchased by the mortgage lender and then are offered for sale as lender owned foreclosures known as REO properties.
This home was purchased 12/15/05 for $995,000.

Please contact Roy Kelley … (0 comments)

Montgomery County, Maryland - Delinquent Taxes Notice of Sale - 05/19/08 09:29 AM
Montgomery County, Maryland  - Delinquent Taxes Notice of SaleThe 2008 Montgomery County Tax Sale listings are appearing  in The Mountgomery County Sentinel on May 15, May 22, May 29 and June 5, 2008.  They also appear on the website www.thesentinel.comThe tax sale will be held on Monday, June 9, 2008 and will be open to the public.   This may be a good prospect for real estate agents and investors.  Some of the owners that are experiencing financinal problems will need to sell their properties.  
… (0 comments)

Montgomery County, MD - Lender Owned Foreclosures For Sale - 05/17/08 02:15 PM
This is a report that we emailed to our clients today. The list of lender owned homes in Montgomery County, Maryland is very long. Not included is the list of lender owned homes that are under contract. That list is also very long. This is a very active market with a high volume of sales. The foreclosures represent the problems of some of the borrowers in the market. Howerer, our ecomomy is strong and there are also many active purchasers. This is a buyer market and the next few months will be a period of great opportunity for investors and owner … (0 comments)

Washington County, Maryland - Lender Owned Foreclosures Auction, June 7, 2008 - 05/16/08 09:40 AM
Washington County, Maryland Lender Owned Foreclosures Auction, June 7, 2008.  See www.ushomeauction.com for full details on the auction. Contact us if you wish to be represented by an agent at the auction.

… (0 comments)

Montgomery County, Maryland - Auction Of Lender Owned Foreclosures - 05/16/08 09:16 AM
Montgomery County, Maryland Auction of Lender Owner Foreclosures scheduled for June 7, 2008.  See www.ushomeauction.com for full details on the regional auction. Contact us if you wish to be represented by an agent at the auction.

… (0 comments)

Frederick, Maryland Auction Of Lender Owned Foreclosures - 05/16/08 09:04 AM
The following homes in Frederick, Maryland are scheduled for auction on June 7, 2008.  These are lender owned foreclosures. Contact us if you wish to be represented by an agent at the auction. See www.ushomeauction.com for full details.  

… (0 comments)

Frederick, Maryland Lender Owned Foreclosures For Sale - 05/14/08 02:42 PM
This is the report that we emailed to our clients today.  The residential real estate market in Frederick County, Maryland is being impacted by a large inventory of lender owned foreclosures. This creates a time of great opportunity for investors and owner occupant purchasers. The selection is large, the interest rates are still very attractive and the long term prospects for the region are very positive.  Buyers need to be pre-qualified for mortgage financing.  Please contact us if you need a referral to a lender.  Buyers should also be prepared for diligent home inspections since some of the homes have deferred maintenance or … (0 comments)

ZIP Code: 21713 Boonsboro, MD - Real Estate Market Trends - 05/14/08 02:24 PM
The residential market in Boonsboro not as slow as some of the other areas in the region. In 21713, the average days on the market before a sale has reached 131. Sellers should be prepared for the longer marketing period that is needed for the average sale. Many real estate agents are turning dows listings due to the high marketing expense when the sellers are not highly motivated. The average sales price is down to 87.89% of the average list price. The majority of sellers are getting lower sales prices than they expected. Lender owned foreclosures are competing with individual sellers. … (0 comments)

HUD HOMES - WASHINGTON COUNTY, MARYLAND - 05/14/08 02:11 PM
There are only a few HUD owned homes available for sale in Washington County, Maryland. The homes available for all bidders may be purchased by investors or owner occupants.   
HUD HOMES - WASHINGTON COUNTY, MARYLAND

… (0 comments)

HUD HOMES - FREDERICK COUNTY, MARYLAND - 05/14/08 02:03 PM
There are only a few HUD owned homes available in Frederick County. There are many other lender owned foreclosures on the market. Contact us if you wish to receive reports on lender owned properties. 
HUD HOMES - FREDERICK COUNTY, MARYLAND
These homes are not currently available to investor purchasers.  Buyers must intend to occupy the properties.

… (0 comments)

6464 SADDLEBROOK LN, FREDERICK, MD 21701 - Lender Reduces Price - 05/14/08 11:53 AM
Major price reduction on this lender owned home in Spring Ridge. Now is the time to submit your contract.  

Please contact us if you wish to receive reports on lender owned homes in Frederick County or Montgomery County, Maryland. The lenders are highly motivated sellers and need to reduce the inventory of owned homes.
… (0 comments)

6951 MEADOWLAKE RD, NEW MARKET, MD 21774 - Lender Owned Foreclosure - 05/14/08 11:22 AM
Major price reduction by Countrywide Home Loans on this lender owned foreclosure. Buyers must be pre-qualified by Countrywide Home Loans. Contact your favorite loan officer or ask us for a referral.

Please contact us if you wish to receive information on lender owned homes in Frederick County or in Montgomery County. Lenders are highly motivated sellers since they need to reduce the inventory of owned homes.
… (0 comments)

26 SHELLDRAKE CT, DAMASCUS, MD 20872 - Lender Owned Foreclosure - 05/13/08 04:04 PM
Price just reduced on this Countrywide Home Loans lender owned foreclosure. Prospective buyers need to have a pre-qualification letter from Countrywide Home Loans. Contact your favorite loan officer or ask us for a referral. If you plan to use FHA financing for the very low cash requirement, you will want to discuss the regulations relating to any property transfer within 90 days. When you are assisted by our associates at RE/MAX Realty Group, you will have a smooth transaction.
Please contact us if you wish to receive reports on lender owned homes in Montgomery County or Frederick County, Maryland. Lenders are … (0 comments)

3205 RED ORCHID WAY, KENSINGTON, MD 20895 - Lender Owned Foreclosure - 05/13/08 03:51 PM
Price just reduced on this lender owned foreclosure in Kensington. Built in 2004 with many upgrades.  The owner is asking for submission of best offers.  If this home meets your needs, it is a good time to make an offer.  Buyers will need to have a pre-qualification letter in hand.

Please contact us if you wish to receive information on lender owned homes in Montgomery County or Frederick County, Maryland. Lenders are highly motivated sellers and need to reduce the inventory of owned homes.
… (0 comments)

10401 NICKELBY WAY, DAMASCUS, MD 20872 - Lender Owned Foreclosure - 05/13/08 03:27 PM
Another Countrywide Homes Loans lender owned foreclosure in Damascus. New listing. Prospective buyers need to be pre-qualified by Countywide Home Loans and they will receive a free credit report and a free appraisal if they use Countywide as the mortgage lender for the purchase of this home. If you plan to use FHA financing for the very low down payment, you will need to know about the requirements relating to properties transferred within the past 90 days.

Please contact us if you wish to receive reports on lender owned homes in Montgomery County or Frederick County, MD. The lenders … (0 comments)

19633 GUNNERS BRANCH RD #C, GERMANTOWN, MD 20876 - Lender Owned Foreclosure - 05/13/08 03:07 PM
Countrywide Home Loans foreclosure is a new listing in Greenfield Commons, Germantown. Excellent opportunity for a condominium buyer. Low condo association fee.  Prospective buyers must be pre-qualified by Countrywide Home Loans. Call your favorite Countrywide loan officer or contact us for a referral. If you plan to use FHA financing for a very low down payment, you will want to discuss the requirements that relate to recently transferred REO homes. 

Please contact us for information on lender owned homes in Montgomery County and Frederick County, Maryland. The lenders are highly motivated sellers and must reduce their excess inventory.
… (0 comments)

9821 CANAL RD, MONTGOMERY VILLAGE, MD 20886 - Lender Owned Foreclosure - 05/13/08 02:49 PM
Lender owned foreclosure in Montgomery Village. This is a good opportunity for a buyer that wishes to take advantage of the large selection of REO properties in the area.  

Please contact us if you wish to receive information on lender owned homes in Montgomery County or Frederick County, MD. The list changes daily and there is a great selection of properties owned by highly motivated lender owners.
… (0 comments)

9502 GREENEL RD, DAMASCUS, MD 20872 - Lender Owned Foreclosure - 05/13/08 02:41 PM
Lender owned foreclosure in Damascus.  3.75 acre site. Time to make an offer.
 
Please contact us for information on lender owned homes in Montgomery County.
… (0 comments)

12202 FALLS RD, POTOMAC, MD 20854 Trustee Sale - 05/13/08 01:24 PM
 Investor Alert
This property is advertised by The Fisher Law Group for a trustee sale on May 28, 2008 at 9:45 am. Prospective bidders should always check for cancellations before attending trustee sales since may of the sales are cancelled.

In the current market, a high percentage of the homes sold at trustee sales are purchased by the mortgage lenders. Contact us if you wish to receive information on lender owned foreclosures in Montgomery County.
… (2 comments)

10901 LAMPLIGHTER LN, POTOMAC, MD 20854 Trustee Sale - 05/13/08 01:13 PM
Investor Alert
This home is advertised by Harvey West Auctioneers for a trustee sale on May 30, 2009 at 10:35 am.  Always check for cancellations before attending a trustee sale.
In the current market, most of the homes that are sold at trustee sales are purchased by the mortgage lenders. Contact us if you wish to receive information on lender owned homes in Montgomery County.
… (0 comments)

Troubled Home Owners Associations - Wall Street Journal Alert - 05/13/08 12:09 PM
From today's Wall Street Journal. Prospective buyers are advised to investigate the finances of the home owners associations before purchasing.  
                
May 13, 2008                  
As Dues Dry Up, The Neighbors Pay By STEPHANIE CHENMay 13, 2008; Page D1
Here's another consequence of the troubled housing market: Some homeowners associations are running low on cash.
The association at Monaco Place, a community of single-family homes and condominiums in Denver, is short $250,000 of its $9.3 million annual operating budget. It can't pay for needed roof and siding repairs to homes. Potholes in … (2 comments)

Kentlands Express Announcements - 05/13/08 11:13 AM
Memorial Day Bash to be held Monday, May 26th
Kick off the pool season with this neighborhood tradition on Memorial Day, from Noon
to 3:00 pm. Soft drinks, beer (for residents 21 and over), juice boxes, water, side
dishes as well as hot dog and hamburger rolls will be provided by the KCA. Bring
your family and your neighbors and don't forget something for the grills, which will be
set up by the Assembly in the Clubhouse parking lot for residents to use! A DJ will
also be on hand taking requests and leading fun games. Please sign up by calling
… (0 comments)

Foreclosure and Short Sale Consumer Resource Guide - 05/13/08 11:07 AM
Foreclosure and Short Sale Consumer Resource Guide
Provided as a public service by the Maryland Association of REALTORS  
Overview  
Homeowners and homebuyers in today's real estate market face unique challenges. Of special concern are issues arising out of the possibility of foreclosure on their homes, and possible alternatives. While foreclosure occurrence is relatively low in Maryland compared to the rest of the country, the rate and number of foreclosures in the state has risen substantially. The Maryland Association of REALTORS® has created this Resource Guide to assist you in meeting the challenges of potential foreclosure. It includes general information … (0 comments)

Middletown, Maryland 21769 - Residential Real Estate Trends - 05/12/08 12:43 PM
Home sellers are facing a difficult challenge in the current soft market in Middletown area of Frederick County, Maryland 21769. It is taking longer to sell homes in this area than in Montgomery County. In 21769, the average days on the market before a sale has reached 207. Sellers should be prepared for the longer marketing period that is needed for the average sale. Many real estate agents are turning down listings due to the high marketing expense when the sellers are not highly motivated. The average sales price is down to 91.66% of the average list price. The majority of … (0 comments)

Ijamsville, Maryland 21754 - Residential Market Trends - 05/12/08 10:47 AM
Home sellers are facing a difficult time in the current soft market in the Ijamsville area of Frederick County, Maryland 21704. It is taking longer to sell homes in this area than in Germantown or Gaithersburg. In 21754, the average days on the market before a sale has reached 262. Sellers should be prepared for the longer marketing period that is needed for the average sale. Many real estate agents are turning down listings due to the high marketing expense when the sellers are not highly motivated. The average sales price is down to 87.80% of the average list price. The … (0 comments)

Frederick/Urbana, Maryland 21704 - Soft Real Estate Market - 05/12/08 10:37 AM
Home sellers are facing a difficult time in the current soft market in Frederick County, Maryland 21704. It is taking longer to sell homes in this area than in Germantown or Gaithersburg. In 21704, the average days on the market before a sale has reached 231. Sellers should be prepared for the longer marketing period that is needed for the average sale. Many real estate agents are turning dows listings due to the high marketing expense when the sellers are not highly motivated. The average sales price is down to 87.11% of the average list price. The majority of sellers are … (1 comments)

Boyds, Maryland 20841 - Residential Real Estate Trends - 05/12/08 10:21 AM
The residential real estate market is stronger in Boyds, MD 20841 than in Germantown and Clarksburg. The average home is on the market for 83 days before the sale.  The average sales price is 91.92% of the average listing price.  Sellers should plan on the period of time needed for marketing and should be sensitive to the cost of the marketing by the agent.  Many agents will decline listings when the sellers are not highly motivated to sell.  It is a buyers market in Montgomery County and everybody is looking for a bargain.  The large inventory of lender owned foreclosures is … (0 comments)

Poolesville, Maryland 20837 - Real Estate Estate Market Statistics - 05/12/08 10:04 AM
The residential sales market in Poolesville, MD 20837 is soft. The average sales price is 85.68% of the average list price. Sellers should expect offers at figures below the asking price if homes are not priced very competitively. The average days on the market is 188 which means that sellers should anticipate a longer marketing period. The longer the marketing period, the more expensive it is to the listing agent. Many agents are turning down prospective listings when the sellers are not highly motivated. Lender owned homes are a major competitive factor. The lenders have acquire homes through the foreclosures prices … (0 comments)

Potomac, Maryland 20854 - Real Estate Statistics - 05/12/08 09:50 AM
The Potomac, Maryland 20854 residential market is much stronger than the Upcounty market. The average days on the market before a sale is 81.  The average sales price as a percentage of the average list price is 90.78%.  The average sales price is up 33.17% from last year to $1,346,380.  The large number of lender owned homes in the county has not impacted the Potomac area as badly as it has lower cost areas.    
Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20854 Potomac, MD
Roy Kelley, Associate Broker, RE/MAX Realty Group, … (0 comments)

Damascus, MD 20872 - Soft Real Estate Market - 05/12/08 09:18 AM
Home sellers are facing a difficult time in the current soft market in Damascus, Maryland 20872. It is taking longer to sell homes in Damascus than in Germantown or Gaithersburg. In Damascus, the average days on the market before a sale has reached 233. Sellers should be prepared for the longer marketing period that is needed for the average sale. Many real estate agents are turning dows listings due to the high marketing expense when the sellers are not highly motivated. The average sales price is down to 88.22% of the average list price. The majority of sellers are getting lower … (0 comments)

Germantown, Maryland 20874 and 20876 - Reale Estate Trends - 05/12/08 08:45 AM
The Germantown real estate market is soft and that means that it is a buyers market area. It is interesting to note that zip code 20876 is having more difficulties than zip code 20874. In 20874, the average days on the market is 103 as compared to an average days on the market of 218 in 20876. Sellers should be prepared for the longer time that it takes to market the average home. Due to the high cost of marketing, some agents are turning down listings when the sellers are not highly motivated. In 20874, the average sales price is 91.17% … (0 comments)

Clarksburg, MD 20871 - Real Estate Trends - 05/12/08 08:24 AM
The residential sales market in Clarksburg, MD 20871 is soft. The average sales price is 93.36% of the average list price. Sellers should expect offers at figures below the asking price if homes are not priced very competitively. The average days on the market is 194 which means that sellers should anticipate a longer marketing period. The longer the marketing period, the more expensive it is to the listing agent.  Many agents are turning down prospective listings when the sellers are not highly motivated. Lender owned homes are a major competitive factor. The lenders have acquire homes through the foreclosures prices … (0 comments)

Montgomery Village, Maryland - Real Estate Statistics - 05/12/08 08:14 AM
The residential sales market in Montgomery Village, MD is soft. The average sales price is 90.33% of the average list price. Sellers should expect offers at figures below the asking price if homes are not priced very competitively. The average days on the market is 146 which means that sellers should anticipate a longer marketing period. The longer the marketing period, the more expensive it is to the listing agent.  Many agents are turning down prospective listings when the sellers are not highly motivated. Lender owned homes are a major competitive factor. The lenders have acquire homes through the foreclosures prices … (0 comments)

Carroll County, Maryland - Real Estate Trend Indicator - 05/10/08 09:15 AM
The Carroll County, Maryland residential real estate market is slower this year. Real estate listings are now on the market an average of 129 days before selling. Sellers should be prepared to allow more time for marketing. It does take more time and and it is more expensive for agents to handle the marketing of their listings.  Buyers are looking for bargains in this soft market. The average sales price is 91.07% of the average list price. Sellers should expect offers that are less than the asking price. The large inventory of lender owned properties is also competing for purchasers. Lender owners are highly motivated and the REO … (0 comments)

Howard County, Maryland - Real Estate Trend Indicator - 05/10/08 09:10 AM
The Howard County, Maryland residential real estate market is slower this year. Real estate listings are now on the market an average of 110 days before selling. Sellers should be prepared to allow more time for marketing. It does take more time and and it is more expensive for agents to handle the marketing of their listings.  Buyers are looking for bargains in this soft market. The average sales price is 93.37% of the average list price. Sellers should expect offers that are less than the asking price. The large inventory of lender owned properties is also competing for purchasers. Lender owners are highly motivated and the REO … (0 comments)

Washington County, Maryland - Real Estate Trend Indicator - 05/10/08 09:06 AM
The Washington County, Maryland residential real estate market is slower this year. Real estate listings are now on the market an average of 197 days before selling. Sellers should be prepared to allow more time for marketing. It does take more time and and it is more expensive for agents to handle the marketing of their listings.  Buyers are looking for bargains in this soft market. The average sales price is 85.91% of the average list price. Sellers should expect offers that are less than the asking price. The large inventory of lender owned properties is also competing for purchasers. Lender owners are highly motivated and the REO … (0 comments)

Prince George's County, Maryland - Real Estate Trend Indicator - 05/10/08 09:02 AM
The Prince George's County, Maryland residential real estate market is slower this year. Real estate listings are now on the market an average of 142 days before selling. Sellers should be prepared to allow more time for marketing. It does take more time and and it is more expensive for agents to handle the marketing of their listings.  Buyers are looking for bargains in this soft market. The average sales price is 90.75% of the average list price. Sellers should expect offers that are less than the asking price. The large inventory of lender owned properties is also competing for purchasers. Lender owners are highly motivated and the … (1 comments)

Frederick County, Maryland - Real Estate Trend Indicator - 05/10/08 08:54 AM
The Frederick County, Maryland residential real estate market is slower this year. Real estate listings are now on the market an average of 155 days before selling. Sellers should be prepared to allow more time for marketing. It does take more time and and it is more expensive for agents to handle the marketing of their listings.  Buyers are looking for bargains in this soft market. The average sales price is 89.34% of the average list price. Sellers should expect offers that are less than the asking price. The large inventory of lender owned properties is also competing for purchasers. Lender owners are highly motivated and … (0 comments)

Montgomery County, Maryland Real Estate Trend Indicator - 05/10/08 08:40 AM
It is taking longer to sell homes in Montgomery County, Maryland. Real estate listings are now on the market an average of 112 days before selling. Sellers should be prepared to allow more time for marketing.  The average sales price is 91.95% of the average listing price. Buyers are looking for bargains and sellers should expect offers that are less than the asking price.  Sellera should be aware of the increased inventory of lender owned homes that are competing for purchasers.
Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator - <$100K to >$5M Format
Montgomery County, MD
Roy Kelley, Associate Broker, RE/MAX Realty Group
Client Assistance:  301-670-8996
… (0 comments)

Kentlands, North Potomac, Zip Code 20878 Real Estate Statistics - 05/10/08 08:24 AM
The real estate market is zip code 20878 is stronger than some of the other areas in Montgomery County. Real Estate listings are now on the market an average of 98 days.  Sellers should be prepared to allow more time for marketing.  The sales prices are averaging 92.42% of the average list prices. Sellers should anticipate offers at prices lower than the asking price. It is a buyers market and buyers all looking for good deals.
Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator - <$100K to >$5M Format
ZIP Code: 20878 Gaithersburg, MD
Roy Kelley, Associate Broker, RE/MAX Realty … (0 comments)

25004 JOHNSON FARM RD, GAITHERSBURG, MD 20882 - Price Reduction on Lender Owned Foreclosure - 05/09/08 08:49 AM
Countrywide Home Loans has reduced the price of this lender owned home from $1,114,900 to $1,001,900.  Buyers have a good opportunity to purchase foreclosures with the large inventory available in the area.  Buyers that wish to submit contracts on Countrywide Home Loans REO homes need to have a pre-qualification letter from Countrywide.  Contact us for a referral to a loan officer that is familiar with financing bank owned homes.

Roy Kelley & Associates at RE/MAX Realty Group provides a list of lender owned homes in Montgomery County and Frederick County for purchaser clients.
… (0 comments)

AmeriDream Down Payment Gift Prorgam - FHA Financing - 05/08/08 01:55 PM
AmeriDream Down Payment Gift Program  
This may be helpful as we continue into this FHA driven market.  If you have a buyer who does not have enough money for the down payment and closing costs and you are asking the seller to participate in the Ameridream Down Payment Assistance (DPA) program the attached verbiage is recommended to be attached in an addendum to the sales contract when submitted to the listing agent; "Buyer intends on getting a down payment gift from AmeriDream. The seller agrees to pay ______% of the contract sales price plus a processing fee of $500 to … (5 comments)

14307 Ashleigh Greene Rd., Boyds, MD 20841 - Lender Owner Price Reduction - 05/08/08 12:48 PM
Some of the lender owned homes in Montgomery County, MD are showing major price reductions. The price on this home has been reduced from $741,000 to $616,000.  This is good news for prospective buyers that want to take advantage of the purchase opportunities. Buyers are advised to be represented by experienced agents.
4 BR/3.5 BA
… (0 comments)

Kentlands, MD Board of Trustees Meeting - 05/08/08 12:32 PM
KENTLANDS CITIZENS ASSEMBLY
BOARD OF TRUSTEES MEETING
APRIL 23, 2008
http://www.kentlandsusa.com/docs/5-1-1210266276.pdf
 
… (0 comments)

Montgomery County, MD Foreclosures - Countrywide Home Loans REO - 05/08/08 12:16 PM
Countrywide Home Loans has a long list of lender owned homes that are available in Montgomery County, MD.  The following is partial list. If you wish to have information on the rest of the REO homes available, please contact us. The large number of trustee sales has lead to a unusually large number of lender owned REO properties. The lenders are highly motivated sellers and it is a good time for buyers to take advantage of the surplus inventory and make offers.
Countrywide:  20407 Ambassador Ter., Landing Glen, Germantown 20874 2 BR/2 BA $256,900 TH REDUCED FROM $264,900
Countrywide:  17515 Amity Dr., … (0 comments)

2008 Maryland Wine Festivals - 05/08/08 11:54 AM
 
2008 Maryland Wine Festivals
One of the best kept secrets of these major wine festivals is how much time and energy they save you. Just think of having to drive from Deep Creek Lake in far-western Maryland to the Eastern Shore and Southern Maryland to visit every winery. The festivals bring Maryland's finest wines to your backyard, saving you a couple tanks of rather expensive gas. And since many of the wineries offer special festival pricing, you can use that saved cash to take home a few bottles of your new favorite wines.
… (2 comments)

Countrywide Foreclosure, 26 Shelldrake Ct., Damascus, MD 20872 - 05/08/08 11:30 AM
Countrywide Home Loans lender owned foreclosure available in Damascus. 3 BR/1.5 BA townhouse.
Price $228,900.
 
This is a buyer's market. The number of lender owned properties which have been acquired from foreclosures actions is increasing each month.  Lenders are highly motivated to reduce their inventory of owned homes. There is strong activity among buyers seeking bargains. It is anticipated that the volume of foreclosures will have a continuing impact on the market.
… (0 comments)

Don't Talk, Listen - 05/08/08 10:42 AM
Tips from one our favorite loan officers.
… (1 comments)

Focus On Our Goals by Dirk Zeller - 05/08/08 10:36 AM
These tips were provided by Dirk Zeller.  If you wish to receive more information or if you wish to be on their email list, contact Real Estate Champions rec@dirkzellertraining.com
Focus On Our Goals
Dirk ZellerCEOReal Estate Champions
One of the greatest challenges of life is to stay on course, or on focus, to our goals.  We are presented with so many options and opportunities, that having a clearly defined, definite purpose is a monumental challenge.  We are exposed to temptation, distraction, and confusion constantly in our daily life.  We often pursue unrelated, even incongruent, goals in a vain attempt to achieve higher levels … (0 comments)

Montgomery County, Maryland Residential Market Report - 05/08/08 09:45 AM
 
April, 2008  Residential Market Report for Montgomery County, Maryland
The  Residential Market Report for Montgomery County, Maryland, is now available. This report, provided by the Greater Capital Area Association of Realtors, compares the recent multiple listing service inventory of available homes with the inventory in the same month last year. It serves to inform current owners and prospective purchasers of the real estate market conditions in Montgomery County.  
Statistics for the past month
To see the graphics and additional details on these statistics, please visit  http://www.gcaar.com/statistics/default.htm (If you have trouble linking to this site, copy it and paste it in the address … (0 comments)

Postage Rate Increase: May 12 - 05/08/08 09:09 AM
 
… (2 comments)

Damascus, MD 20872 Lender Owned Foreclosure - 05/07/08 04:12 PM
If you are looking for a good deal in a home purchase in the Damascus area of Montgomery County, MD, we just listed a Countrywide Home Loans lender owned foreclosure today.
The previous owner paid $550,000 for this home in January, 2007. 
It is now available at $381,900.
26727 RIDGE RD, DAMASCUS, MD 20872
Six Bedrooms, Three Baths.
… (0 comments)

Kentlands Foreclosure - 410 Ridgepoint Place, Gaithersburg, MD 20878 - 05/07/08 03:58 PM
 
Foreclosures in Kentlands are infrequent. One of the currently available properties is a two bedroon condominium in Kentlands View at 410 Ridgepoint Place.  The lender owned property is priced at $314,900.  It has two levels with the loft overlooking the living area. It also has a fireplace.
Prospective purchasers of lender owned properties are advised to be represented by an exclusive buyer agent
… (0 comments)

Montgomery County, Maryland Lender Owned Foreclosures - 05/07/08 03:47 PM
Montgomery County, Maryland has a record number of available lender owned homes due to the heavy volume of foreclosures in the area. It is a wonderful market for serious buyers. The selection is great and the interest rates are low. Foreclosure buyers are advised to be represented by an experienced buyer agent.
Lender Owned Foreclosures,  
Montgomery County, MD  (Rev. 5/07/08)
(Contact us for further price reductions)  
We have a very simple request if you wish to receive our information and advice.  We ask you to agree to use us as your exclusive buyer agents for your next real estate purchase. Please … (0 comments)

Never meet any unknown person at an unoccupied property by yourself - take a third party - 05/06/08 03:44 PM
… (4 comments)

Wall Street Journal Opinion - Housing Crisis Is Over - 05/06/08 09:37 AM
Opinion from today's Wall Street Journal"
The Housing Crisis Is Over By CYRIL MOULLE-BERTEAUXMay 6, 2008; Page A23
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.
How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer … (6 comments)

Death in Maryland Without a Will - 05/05/08 02:18 PM
One of our favorite real estate and estate planning lawyers provided this information.
Die without a will and Maryland's Laws of Intestate Succession could make some key decisions for you...
FIRST:    I direct the Probate Judge to appoint anyone of his or her choosing to administer all property in my name and distribute it under this Will.SECOND:    I direct that all my assets be converted to cash, all of my debts paid, including taxes, probate fees, administrative fees and attorney fees.THIRD:    I direct one-half of my separate property be paid to my wife.FOURTH:    I direct the balance of my estate be paid … (0 comments)

Frederick, Maryland Lender Owned Foreclosures - 05/05/08 02:05 PM
Frederick County, Maryland, shows weekly increases in the number of lender owned homes. The large selection of homes owned by highly motivated corporate owners presents a wonderful time of opportunity for purchasers. Buyers are advised to be represented by agents with knowledge if the REO sector.
LENDER OWNED FORECLOSURES, FREDERICK  COUNTY, MD  (Rev. 5/05/08)
(Contact us for further price reductions)  
We have a very simple request if you wish to receive our information and advice.  We ask you to agree to use us as your exclusive buyer agents for your next real estate purchase. Please advise us if you are … (2 comments)

Frederick, Maryland Housing Crisis - 05/05/08 01:15 PM
FREDERICK COUNTY HOUSING CRISIS   Getting hit from all sides   By JUSTIN M. PALK News-Post Staff jpalk@fredericknewspost.com Reporter Jon Stewart contributed to this article.     IN 2006, 455 FORECLOSURES WERE FILED IN FREDERICK COUNTY CIRCUIT COURT. IN 2007, THAT NUMBER MORE THAN DOUBLED TO 1,025. THIS YEAR, AS OF APRIL 18, THE FORECLOSURE COUNT STOOD AT 485, AND EXPERTS SAY THERE'S WORSE TO COME. FORECLOSURES THIS YEAR INCLUDE $219,000 TOWNHOUSES IN HILLCREST ORCHARDS AND $650,000 SINGLE-FAMILY HOMES ON QUARTER-ACRE LOTS IN THE VILLAGES OF URBANA. AND THE PROBLEM IS AFFECTING PEOPLE ACROSS THE ECONOMIC SPECTRUM, FROM CONSTRUCTION WORKERS TO WHITECOLLAR … (0 comments)

Help Your Child Buy a Home - 05/02/08 01:06 PM
Help Your Child Buy a Home
This article was provided by a favorite loan officer of many years.
Help Your Child Buy a Homeby Pat EssweinNow that home prices have cooled in key markets across the country, many young people who thought they were priced out of the market are now eager to buy. But they may need a little help from the bank of mom and dad.
Parents can give children money towards the down payment on their first home. But to make sure you do not run afoul of federal gift tax rules, parents should know that each parent can give a … (0 comments)

Maryland Foreclosures - Cohn, Goldberg & Deutsch, LLC. - 05/02/08 12:03 PM
Maryland Foreclosures
This is the list of trustee sales on the schedule of Cohn, Goldberg & Deutsch, LLC.  These auctions are open to the public and any qualified bidders.  In the current market, a high percentage of the properties are purchased by the lenders that are secured by the mortgages. The lenders will then list the homes for sale in their REO inventory for resale. Contact Roy Kelley at RE/MAX Realty Group for information on the REO properties available in the Maryland suburbs of Washington, DC.
This information is provided as a convenience, but we cannot guarantee its accuracy. Note that sales … (12 comments)

Alternatives to Foreclosure - 05/02/08 11:38 AM
 
Cohn, Goldberg & Deutsch, LLC provided this list of alternatives to foreclosure.  If you are having difficulty with your mortgage payments,  you sould contact your lender right away and also seek professional advice from your attorney or your REALTOR.  
Alternatives to Foreclosure
Deed In Lieu of Foreclosure
A Deed In Lieu of Foreclosure is an option if you do not qualify for any of the other alternatives and you do not have additional liens against your property. To avoid foreclosure you may be able to deed the property directly to the lender.
Forbearance Agreement
If you are unable to make a loan payment … (0 comments)

Maryland Foreclosures Surge Continues - 05/02/08 11:08 AM
The strong volume of foreclosures sales continues and is indicated by this schedule of trustee sales from Harvey West. In the current market, lenders are buying in most of the homes.  When the lenders take ownership, they will list the homes for sale in the REO inventory.  Contact Roy Kelley, roykelley@mris.com for information on lender owned homes in the Maryland suburbs of Washington, DC.
Tuesday, May 6, 2008         Sale Time Deposit Address City Location Ad Start
09:30 AM $25K 249 LAUREL DRIVE LUSBY CLVT CHS 04/18/2008
09:31 AM $25K 8239 C STREET CHESAPEAKE BEACH CLVT CHS 04/18/2008
09:32 … (0 comments)

Prince George's County, MD Real Estate Foreclosures - 05/02/08 10:30 AM
 
The following trustee sales are scheduled by Alex Cooper, Auctioneer, for the coming week in Prince George's County.  In the current market, the lenders are purchasing most of the homes. The lenders will then list the homes as REO inventory and offer them for sale. Contact Roy Kelley at RE/MAX Realty Company, roykelley@mris.com when you need assistance with the purchase of lender owned homes.
  Monday, May 5, 2008 Prince George's County 11:15 AM - 1701 Fraser Fir Ct., Bowie, 20721 Dep. $34,900. NA 11:16 AM - 4203 Alsace Way, Upper Marlboro, 20772 Dep. $42,800. NA 11:17 AM - 114 Whistling Wood … (0 comments)

Frederick, Maryland Foreclosure Sales - 05/02/08 10:22 AM
The following are trustee sales scheduled by Alex Cooper, Auctioneer,  for the coming week in Frederick County.  These sales are open to the public. In the current market, a high percentage of the properties are purchased by the lenders to protect their interest in the mortgages. The lenders will then list them for sale as REO properties and a list may be obtained from Roy Kelley, roykelley@mris.com at RE/MAX Realty Group.   Tuesday, May 6, 2008 Frederick County 12:30 PM - 1585 Andover Lane, Frederick, 21702 Dep. $21,400. NA 12:45 PM - 3831 Green Valley Road, Ijamsville, 21754 Dep. $50,000. F&M THE … (0 comments)

Renovation Financing For REO Homes - 05/01/08 12:47 PM
Renovation Financing for REO Homes  
As REO agents, we see hundreds of homes that need repairs or improvements. When homes go through the foreclosure process, most of the owners do not have the funds to cover normal maintenance needs or carpet and appliance replacements.  These properties can present wonderful purchase opportunities.  Rather than purchase a home that has been fixed up by the seller with different tastes in paint color, carpet and appliance selection, why not purchase a REO home that needs some work and fix it up just the way you want it for your own comfort and  pleasure. … (0 comments)

Bank Of America Details Community Development, Foreclosure Relief Goals - 05/01/08 10:00 AM
Bank Of America Details Community Development, Foreclosure Relief Goals … (0 comments)

Carpe Diem - Seize Your Day - Tips From Dirk Zeller - 05/01/08 09:44 AM
Carpe Diem - Seize Your Day Dirk ZellerCEOReal Estate Champions
One of the most identifiable characteristics of high performers is that they're action-oriented. They don't wait around to see what will happen or how things will turn out. They seize each day, wringing all the possibilities, performance, and profit possible out of every encounter.  They treat each moment as a gift. As the saying goes, that's why we call today the present!
Stop wasting time To quote Napoleon Hill: "Do not wait; the time will never be ‘just right.'  Start where you stand and work with whatever tools you may have at your … (2 comments)

Home Inspections Tips - Roofs - 05/01/08 09:14 AM
Marquís Home Inspections Tip of the Week  
Roofs  
By Derrek Hicks  
The function of the roof of a house is to protect the interior of the structure from external elements. In some cases the roof provides support for mechanical equipment such as satellite dishes, solar heating systems, and the like. The material used to cover the roof has a major effect on the amount of maintenance required to keep the roof in good condition. Roofs made of slate, for example, can last as long as 100 years! Depending on the part of the country in which a house … (0 comments)

 
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Roy Kelley, Montgomery County, MD Homes For Sale

Gaithersburg, MD

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Roy Kelley and RE/MAX Realty Group

Address: Roy Kelley, RE/MAX Realty Group, 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

Office Phone: (301) 921-4569

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Roy Kelley advises home buyers, sellers and REO asset managers, in the Maryland suburbs of Washington DC and nearby counties. REO and foreclosures sales. Market area includes Montgomery County, Frederick County, Washington County and Prince George's County. Real Estate blogs


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