Montgomery County Board Vacancies - 09/30/08 01:19 PM
Montgomery County Board Vacancies
County Executive Isiah Leggett is committed to representation on all of the County's boards, committees, and commissions that is reflective of, and responsive to, our County's residents. Public participation contributes to the work of County government and provides a valuable service to the community when a variety of issues, concerns, and viewpoints are presented. Currently, there is a valuable opportunity to serve on the following:
 · Forest Conservation Advisory Committee  
 The deadline for application is October 20. 
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PINEY GLEN VILLAGE FORECLOSURE - 3 MAPLECREST CT, POTOMAC, MD 20854 - 09/30/08 10:15 AM
 PINEY GLEN VILLAGE FORECLOSURE - POTOMAC, MARYLAND
Harvey West Auctioneers has scheduled this home for a trustee sale on October 17,2008 at 10:32 AM.  The required deposit is $25,000. The original loan was dated August 12,2005 and was in the amount of $999,223. Visit www.hwestauctions.com for details on their scheduled sales.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisement that appears in The Washington Post today, September 30, 2008.
The secured lenders are purchasing most of the homes that are sold at the trustee sale auctions. The lenders then … (0 comments)

Oktoberfest - Save the Date - 09/30/08 09:36 AM
Notice from the Kentland Express
Oktoberfest - Save the Date!
Mark Your Calendars for Oktoberfest! An autumn favorite everyone can enjoy is
the 17th Annual Kentlands Oktoberfest in partnership with The City of
Gaithersburg held on October 12th from Noon to 4 pm on the Village and
Mansion Greens! Thousands of people from the Kentlands, The City of
Gaithersburg, Montgomery County and surrounding areas come out to enjoy this
festival and you won't want to miss it. This year's festival will feature favorites
such as pumpkin-painting and horse-drawn carriage rides around the lakes
… (0 comments)

100% FINANCING FOR VETERANS - 09/30/08 09:30 AM
 100% FINANCING FOR VETERANS
The U.S. Department of Veterans Affairs, whose loans remain one of the few no-down-payment options in this tight market, have made more than 162,000 home loan guaranties this year, an increase of more than 31 percent over the same period last year. The VA has tried to streamline the loan process by allowing veterans to apply for a loan before they obtain a VA Certificate of Eligibility. Once the borrowers have demonstrated that they are otherwise eligible, lenders can access the program's Web portal to use VA's online Automated Certificate of Eligibility (ACE) system and obtain the … (0 comments)

MAKING OFFERS ON REO PROPERTIES - 09/30/08 09:19 AM
 MAKING OFFERS ON REO PROPERTIES
We received the following question from a prospective buyer:
Question:  We were wondering if the banks would consider an offer 25%-50% OF their original price. So 50% to 75% off.  
Response:   The short answer to your question is no.  I assume that you are talking about Montgomery County. However, there are many different levels of motivation to sell and sometimes there are major reductions from the original prices.   The lenders tend to reduce the prices one or two times a month and continue with the reductions until the homes are under contract. There are … (0 comments)

IJAMSVILLE, MARYLAND FORECLOSURE - THE RINE-SAUNDERS FARMSTEAD c.1830 - 4436A IJAMSVILLE RD, IJAMSVILLE, MD 21754 - 09/29/08 03:37 PM
 IJAMSVILLE, MARYLAND FORECLOSURE - THE RINE-SAUNDERS FARMSTEAD c.1830
Alex Cooper Auctioneers has scheduled a trustee sale on this property. The sale date is Tuesday October 7, 2008 12:51 PM -  The required deposit is $74,500.  Visit www.alexcooper.com for details on their trustee sale.
In the current market, most of the properties sold at trustee sale auctions are purchased by the secured mortgage lenders. The lenders then offer the properties for sale when they become part of the REO inventory. Contact us for client reports on lender owned homes in Frederick County and Montgomery County, Maryland. roykelley@mris.com

THIS PROPERTY IS NOT AVAILABLE FOR INSPECTION AND IS … (0 comments)

ARE YOU PLANNING TO RENT YOUR PRESENT HOME WHEN YOU BUY ANOTHER HOME? - 09/29/08 01:43 PM
ARE YOU PLANNING TO RENT YOUR PRESENT HOME WHEN YOU BUY ANOTHER HOME?
We have found that many home purchasers like to keep their present homes as rental properties when they purchase a larger homes for their family residence. In the past, this plan has been easy since mortgage financing posed no problems.
The market has changed and new underwriting guidelines must now be considered when a home buyer plans to convert the current home into a rental. Check with your lender to make sure you will qualify for financing.
FHA has issued new underwriting instructions which may be found at:
… (0 comments)

FHA MORTGAGE INSURANCE PREMIUMS CHANGE ON OCTOBER 1, 2008 - 09/29/08 01:14 PM
FHA MORTGAGE INSURANCE PREMIUMS CHANGE ON OCTOBER 1, 2008
Effective with new FHA case number assignments on or after that date, FHA will no longer base its mortgage insurance premiums on a combination of credit bureau score and loan-to-value ratio.  The new premiums (upfront and annual) to be implemented for all loans for which a case number is assigned on or after October 1, 2008, are set forth in the Mortgagee Letter which may be viewed at:
  http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/08-22ml.doc
Upfront premiums:  1.75%
Annual premiums:  .5 % for LTV less than 95% and .55% for LTV more than 95%.
Contact your lender if … (0 comments)

Converting Existing Homes to Rentals-Underwriting Instructions - 09/29/08 12:45 PM
September 19, 2008
MORTGAGEE LETTER 2008-25
TO:                 ALL APPROVED MORTGAGEES
SUBJECT:     Converting Existing Homes to Rentals-Underwriting Instructions
Through this Mortgagee Letter, the Federal Housing Administration (FHA) takes steps to immediately respond to an unscrupulous practice arising in the housing mortgage market that poses a risk to FHA, FHA-approved lenders, and consequently to FHA's ability to help new homeowners.
Recently, FHA and others in the mortgage industry have observed an increasing number of homeowners who have chosen to vacate their existing principal residence and purchase a new residence.  This has been occurring as some homeowners, given the rising price of fuel, are … (0 comments)

National Apple Harvest Festival - 09/29/08 07:42 AM
43rd Annual National Apple Harvest Festival
Saturday, October 04, 2008 toSunday, October 05, 2008
Time: 8:00 AM - 6:00 PM Rain or Shine
Festival Event:  Harvest time is celebrated in this old time festival held at the South Mountain Fairgrounds, 10 miles northwest of Gettysburg.
www.appleharvest.com  Email:  appleharvest@embarqmail.com
717-677-9413 or 717-334-6274
Jump in the car and head to the 42nd Annual National Apple Harvest Festival at the South Mountain Fairgrounds, just 10 miles northwest of historic Gettysburg. Join the fun during the first two full weekends of October from 8 am to 6 pm daily, rain or shine. Admission for … (0 comments)

COUNTRYWIDE REO BARGAIN - 20408 BARGENE WAY, GERMANTOWN, MD 20874 - 09/27/08 11:35 AM
 COUNTRYWIDE REO BARGAIN - GERMANTOWN, MARYLAND - MONTGOMERY COUNTY
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (1 comments)

CARRIAGE WALK REO BARGAIN - 18607 CARRIAGE WALK CIR, GAITHERSBURG, MD 20879 - 09/26/08 12:11 PM
 CARRIAGE WALK REO BARGAIN - GAITHERSBURG, MARYLAND - MONTGOMERY COUNTY
Are you keeping an eye on the bargains to be found on the list of lender owned foreclosures?  The lenders have a surplus inventory due to the surge in the number of foreclosures. Prices are being reduced until the properties are under contract. Select us as your exclusive buyer agents and we will show you how to be a successful purchaser. By the way, the lenders pay our commission.
Buyers need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for a referral … (0 comments)

KINGS CROSSING BARGAIN - 14600 BUBBLING SPRING RD, BOYDS, MD 20841 - 09/26/08 11:54 AM
KINGS CROSSING BARGAIN - BOYDS, MARYLAND
This is one of the featured listings in our office. And, if you are seeking a home in Boyds, you do not want to miss this one. The price is far below the cost and this is a great opportunity if this home will meet the needs of your family.  This is a short sale and we will explain the approval process that is necessary for a successful purchase. Contact us if you wish to receive the full listing by email or if you would like to make an appointment to view this property.
Buyers … (0 comments)

COUNTRYWIDE REO PRICE REDUCED - 11803 TOMMY CT, MONROVIA, MD 21770 - 09/25/08 02:43 PM
COUNTRYWIDE REO PRICE REDUCED - MONROVIA, MARYLAND - FREDERICK COUNTY
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned … (0 comments)

COUNTRYWIDE REO - URBANA HIGHLANDS - 9685 ROYAL CREST CIR, FREDERICK, MD 21704 - 09/25/08 02:17 PM
COUNTRYWIDE REO - URBANA HIGHLANDS, FREDERICK, MARYLAND - FREDERICK COUNTY
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

LENDER OWNED FORECLOSURES, FREDERICK COUNTY, MD - 09/25/08 01:43 PM
Copyright 2008 - DO NOT REBLOG OR EMAIL THIS REPORT.
Market Notes:  The housing crisis, Wall Street's balance sheet issues, and our subpar economy are all linked together in a bizarre drama that seems to have no end.   What will end this cycle is hard to predict.  We need to see confidence restored and normal risk taking behavior on the part of banks to return to help stabilize housing.  But banks won't be able to take risk and make loans until their balance sheets improve, which depends on housing stabilizing.  The bottom line is that we don't feel that we are … (0 comments)

FREDERICK COUNTY, MARYLAND HUD HOMES - 09/25/08 10:47 AM
FREDERICK COUNTY, MARYLAND HUD HOMES
The following properties are currently available for purchase. Please note that homes reserved for owner occupants are not available to investors until the status changes to all bidders.  Most owner occupant purchasers find that FHA financing is the best for these properties. Buyers do need to be pre-approved for financing. We will be happy to refer you to a loan officer that provides FHA financing.
Contact us for information on how to purchase HUD homes or other lender owned homes in Frederick County. We assist buyer clients as their exclusive agents. roykelley@mris.com

… (0 comments)

WALNUT RIDGE REO BARGAIN - 1801 EAGLE ROCK LN, FREDERICK, MD 21702 - 09/24/08 11:10 AM
 WALNUT RIDGE REO BARGAIN - FREDERICK COUNTY, MARYLAND
Smart home buyers are watching the inventory of lender owned homes for the fall purchase bargains. The lenders have a surplus inventory of owned properties due to the high volume of foreclosures. It is a good time to buy with the lowest prices and best available selection in several years. 
Buyers need to have a pre-qualification letter in hand since that information needs to be submitted with any offer. Ask us for a referral to a loan officer. Select us as your exclusive buyer agents and we will show you how to successfully purchase … (0 comments)

MONTGOMERY COUNTY REO BARGAIN - 5000 TACKBROOKE DR, OLNEY, MD 20832 - 09/24/08 10:57 AM
 OLNEY REO BARGAIN - MONTGOMERY COUNTY, MARYLAND
Smart home buyers are watching the inventory of lender owned homes for the fall purchase bargains. The lenders have a surplus inventory of owned properties due to the high volume of foreclosures. It is a good time to buy with the lowest prices and best available selection in several years. 
Buyers need to have a pre-qualification letter in hand since that information needs to be submitted with any offer. Ask us for a referral to a loan officer. Select us as your exclusive buyer agents and we will show you how to successfully purchase a … (0 comments)

COUNTRYWIDE REO PRICE REDUCED - 12304 CYPRESS SPRING RD, CLARKSBURG, MD 20871 - 09/24/08 09:59 AM
COUNTRYWIDE REO PRICE REDUCED - CLARKSBURG, MARYLAND - MONTGOMERY COUNTY
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

COUNTRYWIDE REO PRICE REDUCED - 9912 COLORADO CT, DAMASCUS, MD 20872 - 09/24/08 09:37 AM
COUNTRYWIDE REO PRICE REDUCED - DAMASCUS, MARYLAND
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  Buyers … (0 comments)

BOYDS TRUSTEE SALE - 12703 BRIGHT SPRING WAY, BOYDS, MD 20841 - 09/24/08 08:57 AM
BOYDS, MARYLAND FORECLOSURE - MONTGOMERY COUNTY
12703 BRIGHT SPRING WAY, BOYDS, MD 20841 IS SCHEDULED TO BE SOLD AT A TRUSTEE SALE BY HARVEY WEST AUCTIONEERS ON OCTOBER 3, 2008 AT 10:15 AM.
What does this mean?  When a home owner defaults on the mortgage payments, the lender will instruct the trustee under the deed of trust to conduct a trustee sale at the court house entrance.  Trustee sales are foreclosures. The sales are advertised for three weeks before the auctions take place. The advertisement for this home appeared in The Washington Post today.  It will be advertised again on October 1, 2008.  … (0 comments)

CLARKSBURG FORECLOSURE - 22212 FAIR GARDEN LN, CLARKSBURG, MD 20871 - 09/24/08 08:45 AM
 CLARKSBURG FORECLOSURE - MONTGOMERY COUNTY, MARYLAND
22212 FAIR GARDEN LN, CLARKSBURG,  MD  20871-4025 IS SCHEDULED TO BE SOLD AT A TRUSTEE SALE BY HARVEY WEST AUCTIONEERS ON OCTOBER 3, 2008 AT 10:19 AM.
What does this mean?  When a home owner defaults on the mortgage payments, the lender will instruct the trustee under the deed of trust to conduct a trustee sale at the court house entrance.  Trustee sales are foreclosures. The sales are advertised for three weeks before the auctions take place. The advertisement for this home appeared in The Washington Post today.  It will be advertised again on October 1, … (0 comments)

Virginia Fall Foliage Festival Art Show - 09/23/08 07:12 PM
Virginia Fall Foliage Festival Art Show
… (0 comments)

Fall Wine Festival & Sunset Tour at Mount Vernon Estate & Gardens - 09/23/08 07:09 PM
Fall Wine Festival & Sunset Tour at Mount Vernon Estate & Gardens
… (0 comments)

State Fair of Virginia - 09/23/08 07:07 PM
State Fair of Virginia
… (0 comments)

Manassas Fall Jubilee - 09/23/08 07:06 PM
Manassas Fall Jubilee
… (0 comments)

The Virginia Wine Festival - 09/23/08 07:04 PM
The Virginia Wine Festival
… (0 comments)

Burke's Garden Fall Festival - 09/23/08 07:01 PM
Burke's Garden Fall Festival
… (0 comments)

TORPEDO FACTORY ART CENTER - 09/23/08 03:40 PM
 TORPEDO FACTORY ART CENTER
Have you visited the Torpedo Factory Art Center?  If not, you should add the center to your list of area attractions for a family visit. Dolores and I enjoy meeting the artists and selecting artwork for our home. You will enjoy it as well!
See their website and join the email list to be notified of special events. http://www.torpedofactory.org/
The following is one of the open house events:
October 9
Second Thursday Art Night
Dig It!
Studios and Galleries Open 6 - 9pm
Browse open studios, interact with the artists, and enjoy refreshments. The event is free … (0 comments)

BECOMING A REAL ESTATE ASSISTANT - 09/23/08 02:02 PM
 BECOMING A REAL ESTATE ASSISTANT
We received the following email from our associate agent Jane Taylor:
My client, Lois Inglessis, is looking for a part time position as an assistant.  Lois is retired (from real estate in NJ) and has settled here in Montgomery Village.  She's technologically savvy, smart, and ready to get started on her new chapter in life.   Anyone interested should contact her by email @ LLihn@aol.com.Jane Taylor, GRI, SRES
If you are thinking about working as an assistant for real estate agents, what are some of the basic considerations?
Many agents do not wish to hire any employees, … (0 comments)

FIRST TIME BUYER QUESTIONS - MONTGOMERY COUNTY, MARYLAND - 09/23/08 12:59 PM
 FIRST TIME BUYER QUESTIONS - MONTGOMERY COUNTY, MARYLAND
This morning, we received an email from a first time buyer and we thought that others might have the same questions.
Comment:  I have been looking at several websites where they charge you for the foreclosure listings, and didn't want to pay for them if it wasn't necessary.
Answer: Do not pay for any lists of available properties. The best information is free. Many agents have websites that include the ability to search MRIS which is our area multiple listing service. For example, if you go to Homes Prospector at www.roykelley.com, you will have access to all … (0 comments)

HOUSING OPPORTUNITIES COMMISSION - HOUSING CHOICE VOUCHER PROGRAM - 09/23/08 12:16 PM
HOUSING OPPORTUNITIES COMMISSION - HOUSING CHOICE VOUCHER PROGRAM 
An investor asked us about how to use the voucher program for rental properties in Montgomery County. The following website provides details on available assistance from the Housing Opportunities Commission.
http://www.hocmc.org/Housing/HCV/HCVLandlords.asp
The following is a noitce from HOC advising that they are seeking landlords to participate in their program:
Attention Landlords/Owners in Montgomery County!
HOC needs you!  Due to the shortage of affordable housing in Montgomery County, HOC needs your participation in helping deserving families in Montgomery County find safe and decent housing. You can be one of the landlords benefiting from the … (0 comments)

WEST VIRGINIA'S MOUNTAIN HERITAGE ARTS & CRAFTS FESTIVAL - 09/23/08 11:01 AM
 WEST VIRGINIA'S MOUNTAIN HERITAGE ARTS & CRAFTS FESTIVAL
If you are looking for a fall event to attend this weekend, you should consider this festival. See the website for full details. Dolores and I have attended previous festivals and have enjoyed them.
http://www.jeffersoncounty.com/festival/index.html
The sponsor: 
Jefferson County Chamber of Commerce, Inc.Box 426Charles Town, WV 25414 Telephone: 304.725.2055 or 800.624.0577Fax: 304.728.8307
You will see displays by about 200 craftpersons. You will find plenty of good food and entertainment. And the people in West Virginia are wonderful hosts.
 Entrance Fee:(includes parking and entertainment)Adults - $6.00Children 6-17 - $3.00Children under 6 are free
2008 Festival Dates … (2 comments)

HOME BUYERS AND SELLERS NEED TO WATCH CHANGES IN UNDERWRITING REQUIREMENTS - 09/23/08 10:19 AM
HOME BUYERS NEED TO WATCH CHANGES IN UNDERWRITING REQUIREMENTS 
Fannie Mae recently announced several new and revised policies in regards to eligibility requirements, refinance transactions and pending sales on primary residence. 
Fannie Mae has imposed a December 1st cutoff date for deliveries of loans originated under current guidelines. In order for lenders to meet this deadline, lenders are restricting that all loans must be closed and funded by October 2008 to be pooled for securities to meet that delivery date.
 Revised guidelines for Pending sales on Primary Residences
If the current principal residence is pending sale but the transaction will not … (0 comments)

SENECA VISTA ESTATES - REO BARGAIN - 7 SUMMER SWEET CT, GERMANTOWN, MD 20876 - 09/23/08 10:08 AM
REO BARGAIN - GERMANTOWN, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  … (0 comments)

MONTGOMERY COUNTY REO BARGAIN - 21918 MANOR CREST LN, BOYDS, MD 20841 - 09/23/08 10:00 AM
REO BARGAIN - BOYDS, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  … (0 comments)

MONTGOMERY COUNTY REO BARGAIN - 25624 RIDGE RD, DAMASCUS, MD 20872 - 09/23/08 09:48 AM
 DAMASCUS REO BARGAIN
This Sandy Spring Bank foreclosure may be your fall purchase opportunity. This home has large rooms and space for a studio or office as well as a finished lower level. And, lots of parking.  Contact us for more details on this home or other lender owned homes in Montgomery County and Frederick County, MD.
Buyers need to have a pre-qualification letter in hand since that information needs to be submitted with any offer. Ask us for a referral to a loan officer. Select us as your exclusive buyer agents and we will show you how to successfully purchase … (0 comments)

MONTGOMERY COUNTY REO BARGAIN - 9319 PENNYWISE LN, MONTGOMERY VILLAGE, MD 20886 - 09/22/08 03:47 PM
 REO BARGAIN - MONTGOMERY COUNTY, MARYLAND
Now is the time for home buyers to be alert. The inventory of lender owned homes is high due to the surge in foreclosures. Bargains are to be found by smart purchasers.
This home is a good example. The previous owner paid $700,000 in 2005. It can be purchased from the lender for $525,500.  Contact us for more details on this home or other lender owned homes in Montgomery County and Frederick County, MD. Select us as your exclusive buyer agents and we will show you how to be a successful purchaser.
Buyers do need … (0 comments)

LENDER OWNED FORECLOSURE - 222 SHADOW GLEN CT, GAITHERSBURG, MD 20878 - 09/22/08 03:25 PM
 SHADOW GLEN FORECLOSURE - GAITHERSBURG, MARYLAND
Fall buyers need to watch the inventory of lender owned homes when seeking the best available housing deals. The lenders have an excessive inventory of homes due to the serge in foreclosures. This is the time to be a purchaser.
Buyers need to be pre-qualified for financing since a lender letter must be submitted with any offer. Many families are using FHA financing for the low cash requirement. Contact us if you need a referral to a loan officer. We provide client reports on lender owned properties in Montgomery County and Frederick County, MD.  If … (0 comments)

LENDER OWNED FORECLOSURE - 3224 PARK VIEW RD, CHEVY CHASE, MD 20815 - 09/22/08 03:08 PM
 LENDER OWNED FORECLOSURE - CHEVY CHASE, MARYLAND
It is rare to find an affordable home in Chevy Chase. The surge in foreclosures and the large inventory of lender owned foreclosures has created a different market.  So, this is your chance to move to the neighborhood of your choice.
This home should qualify for FHA financing with a 3% cash requirement if you want attractive financing to go with the attractive price. Buyers need to have a pre-qualification letter to be submitted with any offer. Ask us for a referral if you have not selected a lender. We provide client reports on … (0 comments)

FORECLOSURE AT THE COLONNADE - KENTLANDS, 16 GRANITE PL #181, GAITHERSBURG, MD 20878 - 09/22/08 02:29 PM
FORECLOSURE AT THE COLONNADE, KENTLANDS, GAITHERSBURG, MARYLAND
If you have a friend or relative that would like to purchase a condo in Kentlands, this is your opportunity to suggest a lender owned foreclosure at a bargain price.  When new in 2005, this unit sold for $421,600.  It is available now at $299,900. 
Buyers will need to have a pre-approval letter in hand if financing is required. The lender letter must be submitted with any contract. Ask us for a referral to a loan officer. If you know Jim Beatty in Kentlands you may know that he is the manager at Countrywide Home Loans, 240-631-8318, and he is available to … (0 comments)

MONTGOMERY COUNTY, MARYLAND LENDER OWNED FORECLOSURES (Rev. 9/22/08) - 09/22/08 01:05 PM
Copyright 2008 - DO NOT REBLOG OR EMAIL THIS REPORT
Market Notes:  The housing crisis, Wall Street's balance sheet issues, and our subpar economy are all linked together in a bizarre drama that seems to have no end.   What will end this cycle is hard to predict.  We need to see confidence restored and normal risk taking behavior on the part of banks to return to help stabilize housing.  But banks won't be able to take risk and make loans until their balance sheets improve, which depends on housing stabilizing.  The bottom line is that we don't feel that we are … (0 comments)

61st Annual Craft Fair of the Southern Highlands - 09/21/08 03:35 PM
… (0 comments)

TRUSTEE SALES - MONTGOMERY COUNTY - HARVEY WEST AUCTIONEERS - 09/21/08 02:14 PM
TRUSTEE SALES - MONTGOMERY COUNTY
HARVEY WEST AUCTIONEERS HAS POSTED ITS SCHEDULE OF TRUSTEE SALES IN MONTGOMERY COUNTY. See  http://www.hwestauctions.com  for details as well as other sales
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements for the sales and fully understand the terms and conditions as well as the risks before submitting bids. The required deposits need to be in cash or certified funds.
In the current market, most of the properties are purchased by the secured mortgage lenders. The lenders then offer the properties for sale when they become part … (0 comments)

TRUSTEE SALES - MONTGOMERY COUNTY - THE FISHER LAW GROUP - 09/21/08 01:52 PM
TRUSTEE SALES - MONTGOMERY COUNTY
THE FISHER LAW GROUP, PLLC  HAS POSTED ITS SCHEDULE OF TRUSTEE SALES IN MONTGOMERY COUNTY. See http://www.first-legal.com  for details as well as other sales
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements for the sales and fully understand the terms and conditions as well as the risks before submitting bids. The required deposits need to be in cash or certified funds.
In the current market, most of the properties are purchased by the secured mortgage lenders. The lenders then offer the properties for sale when they … (0 comments)

TRUSTEE SALES - FREDERICK COUNTY, MARYLAND - ALEX COOPER AUCTIONEERS - 09/21/08 01:35 PM
TRUSTEE SALES - FREDERICK COUNTY, MARYLAND
Alex Cooper Auctioneers www.alexcooper.com has posted their list of Frederick County trustee sales.   Visit their website for additional information.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements for the sales and fully understand the terms and conditions of the sales before offering bids. Seek professional advice if you are not comfortable with the procedures and risks.
With the current surge in foreclosures, the lenders are buying most of the homes at the trustee sale auctions. The lenders then offer the properties for sale when they become part … (0 comments)

TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND - ALEX COOPER AUCTIONEERS - 09/21/08 01:28 PM
TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND
Alex Cooper Auctioneers www.alexcooper.com has posted their list of Montgomery County trustee sales.   Visit their website for additional information.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements for the sales and fully understand the terms and conditions of the sales before offering bids. Seek professional advice if you are not comfortable with the procedures and risks.
With the current surge in foreclosures, the lenders are buying most of the homes at the trustee sale auctions. The lenders then offer the properties for sale when they … (0 comments)

FANNIE REO PRICE REDUCTION - 20538 STAFFORDSHIRE DR, GERMANTOWN, MD 20874 - 09/19/08 01:16 PM
FANNIE REO PRICE REDUCTION- GERMANTOWN, MARYLAND
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  Buyers need … (0 comments)

COUNTRYWIDE REO PRICE REDUCTION- SENECA CROSSING, GERMANTOWN, MARYLAND - 09/19/08 01:05 PM
COUNTRYWIDE REO PRICE REDUCTION- SENECA CROSSING, GERMANTOWN, MARYLAND
Fall home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned … (0 comments)

FANNIE MAE REO PRICE REDUCED - 3 PARSON GROVE CT, OLNEY, MD 20832 - 09/19/08 12:07 PM
FANNIE MAE REO PRICE REDUCED - OLNEY, MARYLAND
Fall home buyers should be watching the inventory of lender owned foreclosures for bargain prices. The surge in foreclosures has resulted in a large number of lender owned properties. The lenders are highly motivated to sell them as quickly as possible and prices are reduced until the homes are under contract.
Buyers do need to have a pre-qualification letter in hand since that information must be submitted with any offer. Contact us if you need a referral to a loan officer. We provide client reports on lender owned homes and represent buyers as their exclusive agents. roykelley@mris.com … (0 comments)

MONTGOMERY KNOLLS - REO PRICE REDUCED - 912 MALCOLM DR, SILVER SPRING, MD 20901 - 09/19/08 09:36 AM
 MONTGOMERY KNOLLS - REO PRICE REDUCED
Fall home buyers should be watching the inventory of lender owned foreclosures for bargain prices. The surge in foreclosures has resulted in a large number of lender owned properties. The lenders are highly motivated to sell them as quickly as possible and prices are reduced until the homes are under contract.
Buyers do need to have a pre-qualification letter in hand since that information must be submitted with any offer. Contact us if you need a referral to a loan officer. We provide client reports on lender owned homes and represent buyers as their exclusive agents. roykelley@mris.com  

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SENECA WHETSTONE - REO PRICE REDUCTION - 09/18/08 03:24 PM
 
 SENECA WHETSTONE - REO PRICE REDUCTION
September home buyers should be watching for the deals on the list of lender owned foreclosures.  The price on this home was just reduced to $444,000 for a quick sale. Please contact us if you would like to receive the details on this home.
Buyers need to be pre-qualified for financing.  We will be happy to recommend a lender if you do not have one. We represent buyer clients as their exclusive agents. roykelley@mris.com

 
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DAMASCUS REO PRICE REDUCED - 09/18/08 02:22 PM
 DAMASCUS REO PRICE REDUCED
September home purchasers need to watch the inventory of lender owned foreclosures for bargain prices. The lenders have a large inventory of properties and are reducing the prices until they are sold.
Buyers need to be pre-qualified for financing since a lender letter must be submitted with any offer. Ask us for a referral to a loan officer if you have not selected a lender. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. roykelley@mris.com

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CHEVY CHASE REO PRICE REDUCED - 09/18/08 01:51 PM
 CHEVY CHASE REO PRICE REDUCED
We mentioned this lender owned foreclosure in a previous blog.  The lender has reduced the price to $499,000.  It is a good time to submit a contract.
Buyers do need to be pre-qualified for financing since a lender letter must be submitted with any offer. Check with us if you need a referral to a loan officer. We provide client reports on lender owned homes in Montgomery County and Frederick County, Maryland. roykelley@mris.com  

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TRUSTEE SALES INFORMATION - FREDERICK COUNTY, MARYLAND - 09/18/08 10:38 AM
TRUSTEE SALES INFORMATION - FREDERICK COUNTY, MARYLAND
Since are well known agents in the foreclosures sector of the residential real estate market, we receive many questions from prospective purchasers.
Question:  Where do you find information on trustee sales in Frederick County, MD?
Answer:  Watch the area newspapers for the required advertisements. Normally, the trustee sales are advertised for three weeks before the sales take place at the court house entrance. The publications to watch:  The Frederick News Post, The Washington Post, The Washington Times and the Friday issue of the Gazette.
The advertisements provide the address and the basic terms of the … (0 comments)

GRANBY WOODS REO PRICE REDUCED - DERWOOD, MARYLAND - 09/18/08 08:34 AM
 GRANBY WOODS REO PRICE REDUCED - DERWOOD, MARYLAND
If you previously called on this home and were told it was under contract, please call us again.  Settlement did not take place and the lender owner has returned the home to the market at a reduced price. It is a good time to submit a contract.
Buyers need to have a pre-qualification letter in hand since it must be submitted with any offer.  Ask us for a referral to a loan officer if you do not have a relationship with a lender. We provide client reports on lender owned homes in Montgomery … (0 comments)

Maryland Wine Festival - 09/18/08 07:53 AM
 Maryland Wine Festival
If you are looking for a place to go this weekend, you may wish to consider The Maryland Wine Festival.

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REO PRICE REDUCED - 20409 FOXWOOD TER, GERMANTOWN, MD 20876 - 09/17/08 03:45 PM
 REO PRICE REDUCED - GERMANTOWN, MARYLAND
If you called on this home and were told that it was under contract, please call us again. Settlement did not take place and the property is back on the market with a price reduction. We will be happy to email the full listing to you if you would like to see more details.
Prospective buyers need to have a pre-qualification letter in hand since it must be submitted with your offer.  Check with us if you need a referral to a loan officer. We provide client reports on lender owned homes in Montgomery … (0 comments)

COHN, GOLDBERG & DEUTSCH TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND - 09/17/08 02:54 PM
 COHN, GOLDBERG & DEUTSCH TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND
Cohn, Goldberg & Deutsch has scheduled the following trustee sales in Montgomery County.  Visit their website for additional details:  http://www.cgd-law.com  
Trustee sales auctions are open to the public and all qualified bidders. The required deposits must be in cash or certified funds.
In the current market, most of the homes that are sold are purchased by the secured mortgage lenders. The lenders then offer the homes for sale through real estate agents when the properties become part of the REO inventory. Contact us at roykelley@mris.com for client reports on lender owned homes … (0 comments)

TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND BY HARVEY WEST AUCTIONEERS - 09/17/08 02:39 PM
 TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND
Harvey West Auctioneers has scheduled the following trustee sale auctions for September 24, 2008.  See their website for additional details:  www.hwestauctions.com
Trustee sales are held at the court house entrance and are open to the public and all qualified bidders.  The indicated deposits must be in cash or certified funds.
In the current market, most of the homes that are sold are purchased by the secured mortgage lenders. The lenders then offer the homes for sale through real estate agents when the properties become part of the REO inventory. Contact us at roykelley@mris.com … (0 comments)

BEL PRE WOODS REO PRICE REDUCED - 14300 BRAD DR, ROCKVILLE, MD 20853 - 09/17/08 08:59 AM
 BEL PRE WOODS REO PRICE REDUCED - ROCKVILLE, MARYLAND
September home buyers are finding bargain prices on the lender owned homes in Montgomery County. Due to the surge in foreclosures, lenders now own an excessive number of homes and they are anxious to sell them as quickly as possible.
The lender had made a major price reduction on this home and you can now purchase it at $329,900.  Buyers do need to have a pre-qualification letter to be submitted with any offer.  Check with us if you need a referral to a lender.  roykelley@mris.com  

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ADAMSTOWN COMMONS RE0 PRICE REDUCED - 2601 MAE WADE AVE, ADAMSTOWN, MD 21710 - 09/16/08 02:18 PM
 ADAMSTOWN COMMONS RE0 PRICE REDUCED - ADAMSTOWN, MARYLAND
We suggested this home in a previous blog when it was offered at a higher price. This is a good example of the opportunities in the inventory of lender owned foreclosures in Frederick County, MD.  The lender has reduced the price on this lovely home to $484,900 for a quick sale. It is a good time to submit a contract. Contact us for more information on this home or other lender owned homes in the area.
Buyers do need to be pre-qualified for financing since a lender letter must be submitted with any … (0 comments)

LENDER OWNED FORECLOSURES, FREDERICK COUNTY, MARYLAND - 09/16/08 01:02 PM
Market Notes:  The housing crisis, Wall Street's balance sheet issues, and our subpar economy are all linked together in a bizarre drama that seems to have no end.   What will end this cycle is hard to predict.  We need to see confidence restored and normal risk taking behavior on the part of banks to return to help stabilize housing.  But banks won't be able to take risk and make loans until their balance sheets improve, which depends on housing stabilizing.  The bottom line is that we don't feel that we are at the end of this crisis but we do feel … (0 comments)

GOLDMINE REO PRICE REDUCED - 6655 CLIFTON RD, FREDERICK, MD 21703 - 09/15/08 03:31 PM
 GOLDMINE REO PRICE REDUCED - FREDERICK COUNTY, MARYLAND
We discussed this home in a previous blog. The lender has reduced the price again and the home can now be purchased for only $544,900. It is a good time to submit a contract and take advantage of the low price and low interest rates.
Buyers do need to have a pre-qualification letter in hand since that is required to go in with any contract. Check with us if you need a referral to a lender. We provide client reports on lender owned homes in Frederick County and Montgomery County. roykelley@mris.com

Living Area:  … (0 comments)

FANNIE MAE REO PRICE REDUCTION - 245 BISHOPS GLEN DR, FREDERICK, MD 21702 - 09/15/08 02:51 PM
 FANNIE MAE REO PRICE REDUCTION - FREDERICK COUNTY, MD
Fannie Mae has reduced the price on this home for a quick sale. September buyers are taking advantage of the lender owned foreclosures bargains.  Please contact us for client reports on lender owned properties in Frederick County and Montgomery County, Maryland.
Buyers need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for a referral to a loan officer.  roykelley@mris.com  

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WASHINGTON COUNTY, MARYLAND - HUD HOMES FOR SALE - 09/15/08 02:29 PM
 
WASHINGTON COUNTY, MARYLAND - HUD HOMES FOR SALE
These are the available HUD properties. Please contact us for assistance with the purchase of HUD homes or lender owned foreclosures in Washington County or Frederick County, MD. roykelley@mris.com

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FREDERICK COUNTY, MARYLAND - AVAILABLE HUD OWNED HOMES - 09/15/08 02:25 PM
 
FREDERICK COUNTY, MARYLAND - AVAILABLE HUD OWNED HOMES
These are the currently available properties. Please contact us for information on all lender owned homes in Frederick County. Note that the homes reserved for owner occupants are not currently available to investors.  roykelley@mris.com

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URBANA REO PRICE REDUCTION - 9705 ROYAL CREST CIR, FREDERICK, MD 21704 - 09/15/08 01:22 PM
 URBANA REO PRICE REDUCTION - FREDERICK COUNTY, MARYLAND
We suggested this lender owned home in a previous blog when it had a higher price. Now, the lender has reduced the price to $544,900.  Please contact us for details on this home and other lender owned foreclosures in Frederick County and Montgomery County, MD.

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GERMANTOWN, MARYLAND 20876 REAL ESTATE TREND INDICATOR - 09/15/08 10:20 AM
GERMANTOWN, MARYLAND 20876 REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20876, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 51 new listings in the zip code and 29 listings went to contract. There were 26 actual settlements as compared to 22 homes sold last August. The total sold dollar volume was down 8.65%. The average number of days on the market was 87 which as compared to 92 days last August.  The average … (0 comments)

GERMANTOWN, MARYLAND 20874 REAL ESTATE TREND INDICATOR - 09/15/08 09:52 AM
GERMANTOWN, MARYLAND 20874 REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20874, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 100 new listings in the zip code and 76 listings went to contract. There were 56 actual settlements as compared to 82 homes sold last August. The total sold dollar volume was down 43.5%. The average number of days on the market was 78 which was the same as last August.  The average sale … (0 comments)

POOLESVILLE, MARYLAND REAL ESTATE TREND INDICATOR - 09/15/08 09:28 AM
POOLESVILLE, MARYLAND REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20837, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 4 new listings in the area and 5 listings went to contract. There were 8 actual settlements as compared to 8 homes sold last August. The total sold dollar volume was down 4.54%. The average number of days on the market was down to 95 from 153 days last August.  The average days on the … (0 comments)

DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR - 09/15/08 08:49 AM
DAMASCUS, MARYLAND REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20872, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 28 new listings in the area and 13 listings went to contract. There were 9 actual settlements as compared to 7 homes sold last August. The total sold dollar volume was up 36.67%. The average number of days on the market was up to 150 from 109 days last August.  The average days on the … (0 comments)

TRUSTEE SALES - FREDERICK COUNTY, MARYLAND - ALEX COOPER, AUCTIONEERS - 09/14/08 03:51 PM
TRUSTEE SALES - FREDERICK COUNTY, MARYLAND
Alex Cooper Auctioneers www.alexcooper.com has posted their list of Frederick County trustee sales for the week of September 21,2008.  Visit their website for additional information.
Trustee sales are open to the public and all qualified bidders.
Monday, September 22, 2008 Frederick County
12:50 PM - 6601 Mountain Dale Rd., Thurmont, 21788 Dep. $27,000. MHS
THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 100 W. PATRICK ST., FREDERICK, FREDERICK CO.
Tuesday, September 23, 2008 Frederick County
12:40 PM - 701 Heather Ridge Dr., #C, Frederick, 21702 Dep. $10,000.
12:50 PM - 1510 South Rambling Way, Frederick, … (0 comments)

TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND - ALEX COOPER, AUCTIONEERS - 09/14/08 03:46 PM
 TRUSTEE SALES - MONTGOMERY COUNTY, MARYLAND
Alex Cooper Auctioneers www.alexcooper.com has posted their list of Montgomery County trustee sales for the week of September 21,2008.  Visit their website for additional information.
Trustee sales are open to the public and all qualified bidders.
Monday, September 22, 2008 Montgomery County
11:25 AM - 32 Hibiscus Ct., Unit #14-6, Gaithersburg, 20886 Dep. $28,000. MHS
11:27 AM - 18647 Pier Point Pl., Montgomery Village, 20886 Dep. $17,000. MHS
11:29 AM - 4000 Wood Swallow Ct., Burtonsville, 20866 Dep. $34,000. MHS
THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY … (0 comments)

LENDER OWNED FORECLOSURE -12729 GRAND ELM ST, CLARKSBURG, MD 20871 - 09/14/08 03:18 PM
 LENDER OWNED FORECLOSURE - CLARKSBURG, MARYLAND

If you are planning to purchase in Clarksburg, you need to watch the inventory of lender owned homes. Lenders are holding a large number of owned properties and they are highly motivated to sell them as quickly as possible.
The previous owner paid $835,000 for his fine home that was built by Winchester Homes. You can purchase it from the lender for $574,900.  Buyers do need to have a pre-approval letter in hand to be included with any offer. We will be happy to recommend a loan officer. Ask us about our client reports … (0 comments)

ARE YOU READY TO OWN? - 09/14/08 02:56 PM
 ARE YOU READY TO OWN?
CNNmoney.com offers many tips for home buyers. http://money.cnn.com/magazines/moneymag/money101/lesson8/index2.htm
The following is a good question for first time buyers:
 "Are you ready to own?
TIP: High costs mean you should be prepared to say put. Except in a roaring real estate market, it usually doesn't make sense to buy a home you'll own for less than three or four years. Reason: the high transaction cost of buying and selling property means you could lose money on the deal. If you do make money, you'll pay capital gains taxes if you're in the house less than two years."
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GET PRE-APPROVED BEFORE HOUSE HUNTING - 09/14/08 02:25 PM
 GET PRE-APPROVED BEFORE HOUSE HUNTING
CNNMoney.com has posted the Top Things to know when buying a home:  http://money.cnn.com/magazines/moneymag/money101/lesson8/
Recommendation number eight on the CNN list is the following:
"Before house hunting, get pre-approved. Getting pre-approved will you save yourself the grief of looking at houses you can't afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history."
As buyer agents, we … (0 comments)

GREENSPAN COMMENTS ON ECONOMY - 09/14/08 01:40 PM
GREENSPAN COMMENTS ON ECONOMY
Former Federal Reserve chairman Alan Greenspan predicted today that more financial firms will fail and that housing prices in the United States will not stabilize until early 2009.
If his time frame is correct, home buyers have the next few months to take advantage of the lowest prices and the best selection that has been available in several years. And, the mortgage interest rates have gone down even more since the Federal take over of Fannie Mae and Freddie Mac. Indeed, it is a good time to purchase a home or refinance a home.
The economy in … (0 comments)

WOODBURN REO - 6011 GOLDSBORO RD, BETHESDA, MD 20817 - 09/14/08 01:16 PM
 
 
WOODBURN REO - BETHESDA, MARYLAND
September home buyers should by watching the inventory of lender owned homes for bargain prices. The lenders have a large inventory of homes and are highly motivated to sell them as quickly as possible.
Please contact us if you wish to receive our client reports on lender owned foreclosures in Montgomery County or Frederick County, MD. We represent buyers as their exclusive agents. Buyers that need financing will have to submit a pre-qualification letter with any offer.  Ask us for a referral to a loan officer.  roykelley@mris.com
 
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GEORGETOWN VILLAGE REO - 6403 WINNEPEG RD, BETHESDA, MD 20817 - 09/14/08 01:07 PM
 GEORGETOWN VILLAGE REO - BETHESDA, MARYLAND
September home buyers should by watching the inventory of lender owned homes for bargain prices. The lenders have a large inventory of homes and are highly motivated to sell them as quickly as possible.
Please contact us if you wish to receive our client reports on lender owned foreclosures in Montgomery County or Frederick County, MD. We represent buyers as their exclusive agents. Buyers that need financing will have to submit a pre-qualification letter with any offer.  Ask us for a referral to a loan officer.  roykelley@mris.com 
 

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QUESTIONS ON TRUSTEE SALE PURCHASES - 09/14/08 12:36 PM
QUESTIONS ON TRUSTEE SALE PURCHASES
For many years, we have been active as agents in the foreclosures sector.  Every week, we receive questions from prospective buyers in regard to trustee sales. These are the auction sales that take place at the court house entrance. Trustees under the deeds of trust conduct the sales when lenders are compelled to take action due to the defaults on mortgage loans.
If you are not familiar with the process, some of the following questions and answers may be of interest.
Question:  Do I have an opportunity to view the property before attending the trustee … (0 comments)

COUNTRYWIDE REO UNDER CONTRACT - 8625 WELBECK WAY, MONTGOMERY VILLAGE, MD 20886 - 09/14/08 12:00 PM
 COUNTRYWIDE REO UNDER CONTRACT - MONTGOMERY VILLAGE, MD
Countrywide Home Loans has accepted one of the multiple contracts submitted on this home.  Our thanks to all that expressed interest and submitted offers.  September home purchasers are finding bargains on the list of lender owned foreclosures. 
Please contact us for information on other homes owned by Countrywide and other lenders in Montgomery County and Frederick County, Maryland.  roykelley@mris.com


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CHURCHILL TOWN SECTOR - 13655 SPINNING WHEEL DR , GERMANTOWN, MD 20874 - 09/14/08 11:45 AM
 CHURCHILL TOWN SECTOR - GERMANTOWN, MARYLAND
September home buyers should include this home for consideration.  Our associate Jane Taylor asked us to include this exceptional home in this blog to bring it to the attention of families that need to find a large home at a  reasonable price. Please call Jane at 240-447-2194 to schedule an appointment.  You will need to have a pre-qualification letter in hand when you submit a contract.  Check with us if you need a referral to a loan officer.
Beautifully Renovated Classic Colonial Located In Quiet Cul-De-Sac Surrounded By Trees and Nearby Lake. Soft Designer Colors … (0 comments)

RENOVATION FINANCING - 09/13/08 03:15 PM
We received the following from a Maryland loan officer.
Thought the follow might be of interest to you.  
"Recent buyers are traditionally the group that spends the most on improvement projects, particularly if they can adjust their financing to included any remodeling costs and then coordinate the work with their move.  By completing the changes at the time of purchase, new owners are also able to enjoy the improvements for the entire time they occupy the home
Recent buyers often focus on updating their kitchens and baths, as well as adding rooms or making other structural alterations."
 From page 15 in … (0 comments)

Kentlands, Maryland - Individual Property Inspection Process to Begin Sept. 22 - 09/12/08 02:34 PM
Individual Property Inspection Process to Begin Sept. 22

The Board of Trustees approved an individual property inspection process that will
commence this fall. Community Inspection Services will be inspecting each home in
the Kentlands from community property for maintenance issues with respect to the
following building elements:
Roof & Roof Trim Concrete Stoops Shed
Gutter & Downspouts Exterior Lighting Fence
Window Trim & Shutters Door & Door Trim Deck
Kentlands Express Notice

Tree & Shrub Pruning Debris & Litter Patio Storm or Screen Doors Window Muntins Siding
Grass Height (Repair / Seed) Play Equipment
The inspectors will be outfitted … (0 comments)

CLARKSBURG, MARYLAND REAL ESTATE TREND INDICATOR - 09/12/08 11:55 AM
CLARKSBURG, MARYLAND REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20871, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 26 new listings in the area and 20 listings went to contract. There were 17 actual settlements as compared to 13 homes sold last August. The total sold dollar volume was up 20.05%. The average number of days on the market was down to 135 from 147 days last August.  The average days on the … (0 comments)

FREE SETTLEMENTS ON BANK OWNED/REO PROPERTIES - 09/12/08 10:33 AM
FREE SETTLEMENTS ON BANK OWNED/REO PROPERTIES  
When you purchase a lender owned property, the lender owners frequently ask that you use their title company for the settlement.  And, sometimes, incentives are offered to use the preferred title company. What should you do?  It is always a good idea to compare costs before you submit a contract.     We received notice of an offer by Village Settlements to provide free settlements on REO properties.  So, their services and charges may be a good for comparison with other companies that are recommended by the lenders.     The following link will … (0 comments)

BETHESDA FORECLOSURE - 09/12/08 08:49 AM
BETHESDA FORECLOSURE
Harvey West Auctioneers has advertised this home for a trustee sale on 9/24/08 at 10:48 AM at the court house entrance at 50 Maryland Avenue in Rockville. The required deposit is $25,000.  Always check for cancellations before attending trustee sale auctions.
Trustee sales are open to the public and all qualified bidders. Most of the homes that are sold are purchased by the secured lenders. The lenders then offer the homes for sale when they become part of the REO inventory. Contact us for client reports on lender owned homes in Montgomery County and Frederick County, Maryland.  roykelley@mris.com
THIS … (0 comments)

BETHESDA FORECLOSURE - 09/12/08 08:41 AM
 BETHESDA FORECLOSURE
Harvey West Auctioneers has advertised this home for a trustee sale on 9/29/08 at 1 PM at the court house entrance at 50 Maryland Avenue in Rockville. The required deposit is $150,000.  Always check for cancellations before attending trustee sale auctions.
Trustee sales are open to the public and all qualified bidders. Most of the homes that are sold are purchased by the secured lenders. The lenders then offer the homes for sale when they become part of the REO inventory. Contact us for client reports on lender owned homes in Montgomery County and Frederick County, Maryland.  roykelley@mris.com
THIS … (0 comments)

POTOMAC, MARYLAND REAL ESTATE TREND INDICATOR - 09/11/08 04:02 PM
POTOMAC, MARYLAND REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20854, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 53 new listings in the area and 39 listings went to contract. There were 37 actual settlements as compared to 57 homes sold last August. The total sold dollar volume was down 36.67%. The average number of days on the market was down to 63 from 97 days last August.  The average sale price was … (0 comments)

GAITHERSBURG/KENTLANDS/LAKELANDS, MD REAL ESTATE TREND INDICATOR - 09/11/08 03:01 PM
GAITHERSBURG/KENTLANDS/LAKELANDS, MD REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20878, you should take a close look at the following report that compares the statistics for August with the same month last year. There were 85 new listings in the area and 75 listings went to contract. There were 50 actual settlements as compared to 83 homes sold last August. The total sold dollar volume was down 45.96%. The average number of days on the market was up to 96.  The average sale price was 92.34% of the average list … (0 comments)

PRINCE GEORGE'S, MD REAL ESTATE TREND INDICATOR - 09/11/08 01:56 PM
PRINCE GEORGE'S, MD REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Prince George's County, you will want to know what is going on in the market. The following report is for August and the statistics are compared with the same month last year. During the month, there were 1,503 new listings and 610 pending contracts. The sold dollar volume was down 35.44% from last year. The number of homes sold was down to 430 from 611 last year. The average days on the market was up to 132 days as compared to 83 … (0 comments)

WASHINGTON COUNTY, MD REAL ESTATE TREND INDICATOR - 09/11/08 01:31 PM
WASHINGTON COUNTY, MD REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Washington County, you will want to know what is going on in the market. The following report is for August and the statistics are compared with the same month last year. During the month, there were 253 new listings and 116 pending contracts. The sold dollar volume was down 25.06% from last year. The number of homes sold was down to 89 from 106 last year. The average days on the market was up to 161 days as compared to 144 days … (0 comments)

COUNTRYWIDE PRICE REDUCTION - 3638 WHEAT MILLER DR, MOUNT AIRY, MD 21771 - 09/11/08 01:04 PM
 COUNTRYWIDE PRICE REDUCTION - REO IN MOUNT AIRY, MARYLAND
If you have considerd this neighborhood before, you may now wish to take another look.  Countrywide Home Loans just reduced the price on this home to $564,900 for a quick sale.  This is an extremely attractive price for this large home. roykelley@mris.com
Please contact us for more information on this home or other lender owned homes in the area.

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FREDERICK COUNTY, MD REAL ESTATE TREND INDICATOR - 09/11/08 12:42 PM
FREDERICK COUNTY, MD REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Frederick County, you will want to know what is going on in the market. The following report is for August and the statistics are compared with the same month last year. During the month, there were 443 new listings and 241 pending contracts. The sold dollar volume was down 24.8% from last year. The number of homes sold was down to 201 from 222 last year. The average days on the market was up to 144 days as compared to 99 days … (0 comments)

MONTGOMERY VILLAGE, MD REAL ESTATE TREND INDICATOR - 09/11/08 11:55 AM

If you are planning to purchase or sell a home in Montgomery Village, you will want to know what is going on in the market. The following report is for August and the statistics are compared with the same month last year. During the month, there were 66 new listings and 49 pending contracts. The sold dollar volume was down 41.88% from last year. The number of homes sold was down to 39 from 49 last year. The average days on the market was up to 97 days which is close to the figure for the county.  The average sale … (0 comments)

MONTGOMERY COUNTY, MARYLAND REAL ESTATE TREND INDICATOR - 09/10/08 04:16 PM
If you are planning to purchase or sell real residential real estate in Montgomery County, you will want to know what is happening in the market.  This report compares August statistics with the same month last year. The total dollar volume sold was down 27.4%. The number of housing units sold was down 18.28%.  The average days on the market increased to 99 days.  The average sales price was 91.22% of the average list price.  What does this mean?  The market is still soft which means that it favors purchasers.     
Metropolitan Regional Information Systems, Inc.  Real Estate Trend Indicator … (0 comments)

MONTGOMERY COUNTY, MARYLAND LENDER OWNED FORECLOSURES (Rev. 9/10/08) - 09/10/08 03:30 PM
Market Conditions:   We have a surplus number of homes for sale in Montgomery County, MD. So, the buyer's market will continue for the coming months.  The residential market is very active and sales are brisk, as buyers take advantage of the available bargains in the inventory of lender owned homes. Buyers have been waiting for low prices and now they are able to purchase at the lowest prices that we have seen in several years. Lenders are reducing prices on the REO homes and the sales volume has increased.  Interest rates are very attractive but the mortgage financing options are fewer … (0 comments)

FHA - Revised Downpayment and Maximum Mortgage Requirements - 09/10/08 12:13 PM
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER September 5, 2008
MORTGAGEE LETTER 2008 -23
TO: ALL APPROVED MORTGAGEES
SUBJECT: Revised Downpayment and Maximum Mortgage Requirements
The Housing and Economic Recovery Act of 2008 (HERA) revised the National Housing Act to:
 
• Require that the mortgagor "shall have paid, in cash or its equivalent...an amount equal to not less than 3.5 percent of the appraised value of the property....";
 
• Eliminate the variable loan-to-value limits that were based on the combination of the property value and the average closing costs of … (2 comments)

SEPTEMBER, 2008 HOME SAVVY MAGAZINE FROM ROY KELLEY & ASSOCIATES - 09/09/08 04:03 PM
SEPTEMBER, 2008 HOME SAVVY MAGAZINE FROM ROY KELLEY & ASSOCIATES  
This is the link to your Home Savvy Magazine:   http://richardson.homesavvymagazine.com/02_roykelley/ This magazine is provided by Kevin Richardson at Richardson Home Inspections, LLC, 301-942-4610  
Please contact us for all of your residential real estate needs in the Maryland suburbs of Washington, DC. We represent clients as their exclusive agents.  
Your Real Estate Advisor,  
Roy Kelley  
Roy Kelley & Associates
Associate Broker, RE/MAX Realty Group
6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879 USA  
Direct:  301-921-4569   Client Assistance:  301-670-8996
Email: roykelley@mris.com    Fax:  301-921-4586  Main Office: … (0 comments)

RENOVATION FINANCING FOR PURCHASING REO HOMES - 09/09/08 11:24 AM
RENOVATION FINANCING FOR PURCHASING REO HOMES
WE RECEIVED THIS EMAIL FROM AN AREA LOAN OFFICER.
M Point Mortgage Services is now offering a conventional acquisition and rehabilitation loan product similar to the FHA 203k and FHA 203k streamline.
♦ The potential uses of this product are:
· To buy and renovate a property
· To maximizing the sale price of an existing property
· To refinance and renovate an existing property
• Investors will be considered on a case-by-case basis
♦ This does not need to be a major work. The minimum amount for renovation is $25,000; carpet/flooring, paint, landscaping, repairs etc, but can go … (0 comments)

COUNTRYWIDE REO UNDER CONTRACT - 12919 CREAMERY HILL DR, GERMANTOWN, MD 20874 - 09/08/08 05:04 PM
COUNTRYWIDE REO UNDER CONTRACT - GERMANTOWN
Thanks to everyone for all of the activity on this property.  Countrywide has accepted a contract and the home is not available.
Please contact us for information on other homes owned by Countrywide Home Loans and other lenders in Montgomery County and Frederick County, Maryland. roykelley@mris.com
… (0 comments)

Help for Homeowners Facing the Loss of Their Home - 09/08/08 09:12 AM
 
Help for Homeowners Facing the Loss of Their Home
For most families, a home is not only a significant financial investment but also a source of pride. The loss of a home, due to unexpected events such as unemployment, can be financially and personally devastating.
If you have been laid off or are facing unemployment, you can keep your home - - if you know the right steps to take. The Department of Housing and Urban Development/Federal Housing Administration, the Department of Veterans Affairs, the Department of Labor and the mortgage industry have worked together to produce important basic information … (0 comments)

FREDERICK COUNTY, MARYLAND TRUSTEE SALES - COHN, GOLDBERG & DEUTSCH - 09/08/08 09:01 AM
FREDERICK COUNTY, MARYLAND TRUSTEE SALES - COHN, GOLDBERG & DEUTSCH 
  http://www.cgd-law.com/sales.asp?sort=%22Jurisdiction%22,%22SaleDate%22,%22TimeSort%22
Trustee Sales are open to the public and all qualified bidders. The required deposits must be in cash or certified funds. Seek professional advice if you are not fully familiar with the risks involved in purchasing at these auctions.
Most of the homes that are sold are actually purchased by the mortgage lenders.  The lenders then offer the homes for sale when they become part of the REO inventory.  Contact us for reports on lender owned foreclosures in Montgomery County and Frederick County, Maryland. We represent clients as their exclusive … (0 comments)

MONTGOMERY COUNTY, MARYLAND TRUSTEE SALES - COHN, GOLDBERG & DEUTSCH - 09/08/08 08:58 AM
MONTGOMERY COUNTY, MARYLAND TRUSTEE SALES - COHN, GOLDBERG & DEUTSCH 
  http://www.cgd-law.com/sales.asp?sort=%22Jurisdiction%22,%22SaleDate%22,%22TimeSort%22
Trustee Sales are open to the public and all qualified bidders. The required deposits must be in cash or certified funds. Seek professional advice if you are not fully familiar with the risks involved in purchasing at these auctions.
Most of the homes that are sold are actually purchased by the mortgage lenders.  The lenders then offer the homes for sale when they become part of the REO inventory.  Contact us for reports on lender owned foreclosures in Montgomery County and Frederick County, Maryland. We represent clients as their … (0 comments)

MONTGOMERY COUNTY, MARYLAND TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 09/08/08 08:52 AM
MONTGOMERY COUNTY, MARYLAND TRUSTEE SALES - ALEX COOPER AUCTIONEERS
WEEK OF SEPTEMBER 15, 2008
See http://realestate.alexcooper.com/featured/#foreclosures|2008-09-07|%|15 for details.
Trustee sales are open the public and all qualified bidders.  The required deposits must be in cash or certified funds. Seek professional advice if you do not fully understand the risks of purchasing at trustee sales.
Most of the properties that are sold are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory.  Contact us if you are interested in our client reports on lender owned foreclosures in Montgomery County or … (0 comments)

AUGUST, 2008 RESIDENTIAL MARKET REPORT - MONTGOMERY COUNTY, MARYLAND - 09/07/08 01:11 PM
AUGUST, 2008 RESIDENTIAL MARKET REPORT - 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 … (0 comments)

FLOWER HILL REO - 8005 CLOVERWOOD CT, GAITHERSBURG, MD 20879 - 09/06/08 03:13 PM
NEWLY AVAILABLE REO - FLOWER HILL, GAITHERSBURG, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned … (0 comments)

COUNTRYWIDE REO BARGAIN - 12208 KENDALL CT, SILVER SPRING, MD 20902 - 09/06/08 12:32 PM
COUNTRYWIDE REO BARGAIN - SILVER SPRING, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

COUNTRYWIDE REO BARGAIN - 14204 PICCADILLY RD, SILVER SPRING, MD 20906 - 09/06/08 12:23 PM
COUNTRYWIDE REO BARGAIN - SILVER SPRING, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

COUNTRYWIDE REO PRICE REDUCTION - 9787 CHESTNUT OAK CT , FREDERICK, MD 21701 - 09/06/08 10:03 AM
 COUNTRYWIDE REO PRICE REDUCTION- OAK ACRES, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

COUNTRYWIDE REO BARGAIN - 2103 BEAR CREEK CT, FREDERICK, MD 21702 - 09/04/08 07:06 PM
COUNTRYWIDE REO BARGAIN - WALNUT RIDGE, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (0 comments)

REO PRICE REDUCTION - 1701 ALDIN CT, FREDERICK, MD 21701 - 09/04/08 06:54 PM
REO PRICE REDUCTION - FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  Buyers … (0 comments)

LENDER OWNED FORECLOSURES, FREDERICK COUNTY, MD (Rev. 9/04/2008) - 09/04/08 03:34 PM
This report on the lender owned foreclosures in Frederick County, Maryland was emailed to our clients. Please contact us if you wish to be added to our client list.  We do need your full contact information for our database.  Please provide your full name, home address, phone number and tell us about your real estate needs. It will be our pleasure to assist you.  roykelley@mris.com  Client Assistance:  301-670-8996
Notes on the Frederick, Maryland market:  Mortgage lenders are still purchasing most of the homes that are sold at the trustee sale auctions at the court house.  The lenders then offer the homes … (0 comments)

ARGYLE CLUB ESTATES FORECLOSURE - 10020 TENBROOK DR, SILVER SPRING, MD 20901 - 09/03/08 02:49 PM
COUNTRYWIDE REO PRICE REDUCTION -  SILVER SPRING, MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA … (0 comments)

COUNTRYWIDE REO PRICE REDUCTION - 7911 FENTON ST, SILVER SPRING, MD 20910 - 09/03/08 02:36 PM
COUNTRYWIDE REO PRICE REDUCTION -  SILVER SPRING, MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA … (0 comments)

TIME FOR YOUR HEATING SYSTEM TO HAVE A FALL INSPECTION - 09/03/08 02:12 PM
TIME FOR YOUR HEATING SYSTEM TO HAVE A FALL INSPECTION
Fall is coming and chilly weather will be here soon.  Is your heating system ready for the winter?  Since all of us are facing the higher fuel costs, you will want to be sure your system is not only ready but will also operate as efficiently as possible. If your equipment is old and unreliable, this may be the time to purchase a new and much more efficient system.
You should use professionals for this service. And, if you do not have an annual maintenance agreement, we would highly recommend that … (0 comments)

COUNTRYWIDE REO UNDER CONTRACT - 26727 RIDGE RD, DAMASCUS, MD 20872 - 09/03/08 01:37 PM
COUNTRYWIDE REO UNDER CONTRACT DAMASCUS, MARYLAND
Thanks to all that looked at this home.  It is now under contract.  Please contact us for information on other foreclosures owned by Countrywide Home Loans and other lenders in Montgomery County and Frederick County, MD roykelley@mris.com
 
 
… (0 comments)

GREEN VALLEY REO BARGAIN - 11803 TOMMY CT, MONROVIA, MD 21770 - 09/03/08 01:19 PM
COUNTRYWIDE REO BARGAIN - GREEN VALLEY, MONROVIA, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (0 comments)

POTOMAC LENDER OWNED FORECLOSURE - PRICE REDUCED - 6 TRAVILAH TERRACE, POTOMAC, MD 20854 - 09/03/08 10:00 AM
 SUNTRUST REDUCES PRICE ON REO - POTOMAC, MARYLAND
Sometimes, foreclosures take place in the finest neighborhoods.  Fall purchasers need to watch the inventory of lender owned homes in Montgomery County.  The lenders have acquired an excess inventory of properties and are highly motivated to sell them as quickly as possible.  It is a good time to make an offer on this home.
Please contact us for more details on this home or ask about our client reports on lender owned homes in Montgomery County and Frederick County, MD. We represent buyer clients as their exclusive agents. roykelley@mris.com  

… (0 comments)

How To Use Social Networking To Promote Your Business This Fall - 09/03/08 09:40 AM
How To Use Social Networking To Promote Your Business This Fall
 By Biana Babinsky biana@avocadoconsulting.com  
Social networking is one of my favorite marketing strategies to build my list and get clients. I say this for a few reasons:  
- Social networking is fun - when you participate in social networking, you get to meet and have conversations with many different people.  
- Social networking is very effective - you can get many clients and newsletter subscribers when you use social networking effectively.  
- Social networking can start working for you almost immediately - once you start using … (0 comments)

COUNTRYWIDE REO PRICE REDUCTION - 9912 COLORADO CT, DAMASCUS, MD 20872 - 09/03/08 09:32 AM
COUNTRYWIDE REO PRICE REDUCTION -  DAMASCUS, MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even … (0 comments)

FLOWER HILL REO PRICE REDUCTION - 18406 CHERRY LAUREL LN, GAITHERSBURG, MD 20879 - 09/02/08 03:15 PM
FLOWER HILL REO PRICE REDUCTION -  GAITHERSBURG, MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA … (0 comments)

FANNIE MAE REO PRICE REDUCTION - 14206 CATAMOUNT CT, SILVER SPRING, MD 20906 - 09/02/08 03:03 PM
FANNIE MAE REO PRICE REDUCTION -  SILVER SPRING, MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made … (0 comments)

COUNTRYWIDE REO PRICE REDUCTION - SENECA CROSSING - 21109 SILVER BIRCH LN, GERMANTOWN, MD 20876 - 09/02/08 02:45 PM
COUNTRYWIDE REO PRICE REDUCTION -  GERMANTOWN, MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even … (0 comments)

COUNTRYWIDE REO PRICE REDUCTION - 13104 SCARLET OAK DR, DARNESTOWN , MD 20878 - 09/02/08 02:20 PM
COUNTRYWIDE REO PRICE REDUCTION -  DARNESTOWN,  MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made … (0 comments)

REO PRICE REDUCTION - 12836 GRAND ELM ST, CLARKSBURG, MD 20871 - 09/02/08 02:04 PM
REO PRICE REDUCTION - CLARKSBURG,  MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even … (0 comments)

REO PRICE REDUCTION - 23203 FREDERICK RD, CLARKSBURG, MD 20871 - 09/02/08 01:55 PM
REO PRICE REDUCTION - CLARKSBURG,  MARYLAND
Are you looking for real estate bargains?  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even … (0 comments)

MYERSVILLE REO BARGAIN - 10104B CHURCH HILL RD, MYERSVILLE, MD 21773 - 09/02/08 01:42 PM
 CANADA HILL REO BARGAIN - MYERSVILLE, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Frederick County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use … (0 comments)

TASKERS CHANCE REO BARGAIN - 111 ROSE GARDEN WAY, FREDERICK, MD 21702 - 09/02/08 01:25 PM
TASKERS CHANCE REO BARGAIN - FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Frederick County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use … (0 comments)

REO BARGAIN - TUSCARORA CREEK POND - 2050 WILCOX VALLEY RD, FREDERICK, MD 21702 - 09/02/08 01:15 PM
REO BARGAIN - TUSCARORA CREEK POND, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Frederick County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for … (0 comments)

RIDGEVILLE HEIGHTS REO BARGAIN - 1508 RISING RIDGE RD, MOUNT AIRY, MD 21771 - 09/02/08 12:41 PM
RIDGEVILLE HEIGHTS REO BARGAIN - MOUNT AIRY, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (0 comments)

MIDDLETOWN REO BARGAIN - 519 MAIN ST, MIDDLETOWN, MD 21769 - 09/02/08 11:40 AM
 REO BARGAIN - MIDDLETOWN, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  … (0 comments)

GALYN MANOR REO BARGAIN - 10 JEFFREY LN, BRUNSWICK, MD 21758 - 09/02/08 11:18 AM
WELLS FARGO REO BARGAIN - GALYN MANOR, BRUNSWICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (0 comments)

COUNTRYWIDE REO BARGAIN - EMERALD FARM - 617 HUNTING RIDGE DR, FREDERICK, MD 21703 - 09/02/08 11:05 AM
COUNTRYWIDE REO BARGAIN - EMERALD FARM, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (0 comments)

REO BARGAIN - CLOVER RIDGE - 101 ELLINGWOOD LN, FREDERICK, MD 21702 - 09/02/08 10:55 AM
REO BARGAIN - CLOVER RIDGE, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

FREDERICK COUNTY REO BARGAIN - 1738 CONRADS FERRY RD, POINT OF ROCKS, MD 21777 - 09/02/08 10:44 AM
REO BARGAIN - POINT OF ROCKS, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (0 comments)

FREDERICK COUNTY, MARYLAND REO BARGAIN - 407A PROSPECT RD, MOUNT AIRY, MD 21771 - 09/02/08 10:26 AM
 REO BARGAIN - MOUNT AIRY, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned … (0 comments)

MRIS Trends in Housing - 2Q 2008 Report - Now Available - 09/02/08 09:43 AM
… (0 comments)

KENTLANDS FILM SOCIETY - 09/02/08 09:23 AM
KENTLANDS FILM SOCIETY
GALA OPENING NIGHT
EARLY START TIME 6 PM
SEPTEMBER 21, 2008
AT THE GAITHERSBURG ARTS BARN

*Complimentary champagne and punch *Hors d'oeuvres provided by O'Donnell's
*Hollywood-style ambience including red carpet and photographer
Followed at 7 PM by the MANHATTAN SHORT FILM FESTIVAL

*12 Festival finalists are being shown around the world that same week *Viewers will vote for Best Film
*Automatic admission for subscribers *Some subscriptions still available
*Limited number of walk-in tickets $8.00 *Walk-in reservations available after September 12 by contacting Maureen
Green at greencwmp@aol.com or 301-947-8882
Applications for subscriptions ($35.00 for five-film series) available … (0 comments)

Spanish Club forming for Kentlands Residents - 09/02/08 09:19 AM
Spanish Club forming for Kentlands Residents
If you are interested in studying the Spanish Language or engaging in a discussion
group - this could be the club for you! The Kentlands Spanish Club is currently
forming in response to the residents who participated in Spanish classes in the spring
and would like to continue their education. This club will also be open to any other
residents interested in Spanish who have not previously participated in Spanish
classes. Meeting dates and times have not been set and this group is in its early
forming stages. If you are interested, please send an … (0 comments)

Rental Property Update - Lead Poisoning Prevention Act of 2008 - Effective October 1, 2008 - 09/02/08 09:12 AM
REMINDER NOTICE TO MARYLAND LANDLORDS
Rental Property Update - Lead Poisoning Prevention Act of 2008 - Effective October 1, 2008
A new Maryland law will allow a tenant to terminate a lease when a property owner has not complied with Maryland's Lead Poisoning Prevention Program (LPPP). The law requires home contractors seeking a license to provide proof of lead paint abatement accreditation if the contractors provide such services. The bill allows a tenant to recover reasonable attorney fees and $2,500 in moving expenses. The Maryland Lead Poisoning Prevention Program requires owners of older residential rental properties (pre-1978) to meet specified risk reduction standards. … (0 comments)

Montgomery County Board Vacancies - 09/02/08 08:54 AM
Montgomery County Board Vacancies
County Executive Isiah Leggett is committed to representation on all of the County's boards, committees, and commissions that is reflective of, and responsive to, our County's residents. Public participation contributes to the work of County government and provides a valuable service to the community when a variety of issues, concerns, and viewpoints are presented. Currently, there are valuable opportunities to serve on the following: 
· Cable and Communications Advisory Committee· Criminal Justice Coordinating Commission· Board of Electrical Examiners· Forest Conservation Advisory Committee· Human Rights Commission· Library Board· Mental Health Advisory Committee· Department of Permitting Services Advisory Committee· … (0 comments)

Gaithersburg Announces 2008 Citizen Police Academy - 09/01/08 04:11 PM

If you live in Kentlands and are not a member of the Kentlands Neighborhood Watch, you may wish to receive the notices on what is happening in the community.  The contact person if you have questions is Brett Cosor brettcosor@hotmail.com
KentlandsNeighborhoodWatch@yahoogroups.com
Gaithersburg Announces 2008 Citizen Police Academy
The Gaithersburg Police Department is now accepting applications for its Citizen Police Academy which begins Thursday, September 11, 2008. Weekly sessions will be held at the Bohrer Activity Center, located at 506 S. Frederick Avenue, from 7 to 9:30 p.m. every Thursday night through November 6. Class size is limited to 16 … (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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