PRINCE GEORGE'S COUNTY, MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/30/09 07:31 PM
PRINCE GEORGE'S COUNTY, MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with … (0 comments)

HOWARD COUNTY MD FORECLOSURES - 04/30/09 03:06 PM
HOWARD COUNTY MD FORECLOSURES
The multiple listing service (MRIS) now has a search field to identify foreclosures. This is a new service and the list is not yet complete. This will give you an idea of what is available in the inventory of lender owned foreclosures that are available for purchase. This link shows 22 properties and is in order of lowest to highest prices.  
NOTE:  These links expire quickly. Send us an email with your price range if they expire before you check the listings.
http://matrixreports.mris.com/MatrixReportServer/Output/2327/Synopsis_-_Customer7748.PDF
Please contact us with your questions on the residential real estate market. We represent … (0 comments)

PRINCE GEORGE'S COUNTY MD - FORECLOSURES - 04/30/09 12:05 PM
PRINCE GEORGE'S COUNTY MD - FORECLOSURES
LENDER OWNED HOMES AVAILABLE FOR PURCHASE  
This information is provided by MRIS. 300 current foreclosure listings in order of price. Each group contains 100 properties.  
NOTE:  These links expire quickly. Send us an email with your price range if they expire before you check the listings.
http://matrixreports.mris.com/MatrixReportServer/Output/2327/Synopsis_-_Customer2775.PDF  
http://matrixreports2.mris.com/MatrixReportServer/Output/2327/Synopsis_-_Customer6279.PDF  
http://matrixreports.mris.com/MatrixReportServer/Output/2327/Synopsis_-_Customer8631.PDF  
Please contact us for custom searches in your price range.   We represent buyer clients as their exclusive agents. Please advise us if you are being assisted by another buyer agent.  
Roy Kelley  
Roy Kelley & Associates
Associate Broker, RE/MAX Realty … (0 comments)

BANK OF AMERICA HOME LOANS PRICE REDUCTION - OLNEY ACRES, ROCKVILLE, MD - 04/29/09 06:49 PM
BANK OF AMERICA HOME LOANS PRICE REDUCTION - OLNEY ACRES, ROCKVILLE, MD
Are you looking for a home to renovate or tear down?  This REO listing really needs a lot of work. The real value is in the hilltop setting of the 1.41 acre wooded site near the Rock Creek Regional Park. Price is $209,900 (the full price is below the assessment value of the lot).
Contact us for an appointment to see this property. 
If you want to renovate the home, we recommend FHA 203(k) financing. You will need to have a pre-qualification letter from Bank of America Home Loans. roykelley@mris.com 
… (2 comments)

FORECLOSURE LISTINGS - PRINCE GEORGE'S COUNTY, MD - 04/29/09 06:30 PM
FORECLOSURE LISTINGS - PRINCE GEORGE'S COUNTY, MD  
The regional multiple listing service, MRIS, now has a search field on Matrix for active listings of lender owned foreclosures (REO). They are still in the process of updating the data in the fields for the listings. This is the result of a search for Prince George's County REO properties that show as available listings today. Please note that the list is not complete and there may be some errors. However, all of these homes are active listings available for purchase.  
This is the first 100 REO listings.
http://matrixreports.mris.com/MatrixReportServer/Output/2327/Synopsis_-_Customer1666.PDF
 
Please contact us for all of … (0 comments)

FORECLOSURE LISTINGS - HOWARD COUNTY, MD - 04/29/09 06:20 PM
FORECLOSURE LISTINGS - HOWARD COUNTY, MD  
The regional multiple listing service, MRIS, now has a search field on Matrix for active listings of lender owned foreclosures (REO). They are still in the process of updating the data in the fields for the listings. This is the result of a search for Howard County REO properties that show as available listings today. Please note that the list is not complete and there may be some errors. However, all of these homes are active listings available for purchase.  
http://matrixreports.mris.com/MatrixReportServer/Output/2327/Synopsis_-_Customer7675.PDF
Please contact us for all of your residential real estate needs.  
Roy Kelley   
… (0 comments)

RELOCATE MARYLAND GUIDE - 04/29/09 06:10 PM
RELOCATE MARYLAND GUIDE
The 2009 official relocation guide of the Maryland Association of Realtors ® will be better than ever, with expanded BRAC coverage and distribution to military bases, economic development offices, visitor centers, relocation packets, and more.  Relocate: Maryland will be available in PRINT and DIGITAL (www.MarylandLife.com). 
Post provided by MAR.
… (0 comments)

FORECLOSURE LISTINGS - FREDERICK COUNTY, MD - 04/29/09 03:41 PM
FORECLOSURE LISTINGS - FREDERICK COUNTY, MD  
The regional multiple listing service, MRIS, now has a search field on Matrix for active listings of lender owned foreclosures (REO). They are still in the process of updating the data in the fields for the listings. This is the result of a search for Frederick County REO properties that show as available listings today. Please note that the list is not complete and there may be some errors. However, all of these homes are active listings available for purchase.  
NOTE:  These links expire quickly. Send us an email with your price range if they … (0 comments)

FORECLOSURE LISTINGS - MONTGOMERY COUNTY, MD - 04/29/09 03:34 PM

FORECLOSURE LISTINGS - MONTGOMERY COUNTY, MD  
The regional multiple listing service, MRIS, now has a search field on Matrix for active listings of lender owned foreclosures (REO). They are still in the process of updating the data in the fields for the listings. This is the result of a search for Montgomery County REO properties that show as available listings today. Please note that the list is not complete and there may be some errors. However, all of these homes are active listings available for purchase.  
NOTE:  These links expire quickly. Send us an email with your price … (0 comments)

IDOL ADAM LAMBERT, A GOOD MODEL FOR BUSINESS SUCCESS - 04/28/09 08:24 PM
IDOL ADAM LAMBERT,  A GOOD MODEL FOR BUSINESS SUCCESS
What do we like about Adam Lambert and his performances on American Idol?
He is consistent. Always on his game and focused on what he needs to do to be a winner.
He is different every time. Never boring. Always interesting.
He looks the part. He knows how to dress to please his audience. Always staged.
He has the desire to win. Always makes the strongest effort. He has the abilities of a winner.
If Adam applied his skills to real estate sales, he would be one of the best in the business. … (2 comments)

SPRING YARD MAINTENANCE IN KENTLANDS - 04/28/09 05:06 PM
SPRING YARD MAINTENANCE
When the weather turns warm, we start to think about the appearance of our lawns and gardens in Kentlands.
We found a landscaper at a home show in Frederick County. For the past two days, Bear Enterprises has been upgrading our yard and we are very happy with the results.
If you need assistance with your yard work, we recommend Barry Panik, Jr. at Bear Enterprises, 301-663-5938. He is a nice guy and will give you good advice. His firm services properties in Frederick County and Montgomery County, Maryland.
Community service post by roykelley@mris.com
 
… (0 comments)

FINANCING BANK OWNED PROPERTIES - 04/28/09 03:34 PM
FINANCING BANK OWNED PROPERTIES
We just received a letter from a loan officer in the Renovation Lending Group at Bank of America Home Loans (they were Countrywide Home Loans until yesterday). He wanted to remind us that they are anxious to provide financing for lender owned foreclosures including those that need repairs or renovation.
Frequently, lender owned homes are in poor condition and are not fixed up prior to sale. Many of these properties will not qualify for normal mortgage financing and the listing agents ask for cash contracts. And, the properties just languish on the market because of the relative … (0 comments)

SPRING FLOWERS TO FOLLOW APRIL SHOWERS IN MARYLAND - 04/28/09 03:11 PM
SPRING FLOWERS TO FOLLOW APRIL SHOWERS IN MARYLAND
My wife Dolores and I attended the recent Home Show in Westminster, Maryland. One of the very attractive displays was by the Mason-Dixon Chapter of the American Rhododendron Society.
They told us about the Rhododendron and Azalea Show that is scheduled for Saturday, May 9 and Sunday, May 10, 2009 at the Rabbit Barn at the Carroll County Ag Center in Westminster. If you enjoy beautiful plants, you should visit the show. See the website at www.mdrhododendron.org or call 410-848-9587 for information. Or, you can email questions to mdrhodies@hotmail.com. These volunteers are serious … (0 comments)

MONTGOMERY COUNTY MARYLAND BOARD VACANCIES - 04/28/09 02:42 PM
MONTGOMERY COUNTY MARYLAND BOARD VACANCIES
Get Involved In Your CommunityCounty 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:
Community Action Board Community Development Advisory Committee Commission on Health Mid-County Citizens Advisory Board Revenue Authority Western Montgomery County Citizens Advisory Board   The deadline for application is … (0 comments)

MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES - 04/28/09 11:01 AM
MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES
REO REPORT FROM ROY KELLEY & ASSOCIATES  (Rev. 4/28/09 - Contact us for further daily price reductions.)  
Roy Kelley, RE/MAX Realty Group, Gaithersburg, MD 301-921-4569 roykelley@mris.com  
REO homes are foreclosures owned by lenders and other entities. We represent clients as exclusive buyer agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.  Email us for a referral to a lender.  
The following are available REO homes. Prices are reduced until they are sold. Complete information … (0 comments)

MARYLAND SEX OFFENDER COMPLIANCE AND ENFORCEMENT - 04/26/09 08:14 PM
MARYLAND SEX OFFENDER COMPLIANCE AND ENFORCEMENT
Identify sex offenders in you community by using the Maryland Sex Offender website:
http://www.dpscs.state.md.us/onlineservs/socem/default.shtml
On this site you will be able to find sex offenders living near you, track sex offenders' movements, provide law enforcement with tips to help find offenders, get assistance if your child is the victim of sexual abuse, and help find abducted children through the use of an enhanced cell phone AMBER Alert system.
By calling Maryland's toll-free Sex Offender Alert Line at 1-866-559-8017, you can sign up for telephone notification any time a registered sex offender moves in your area. … (0 comments)

Renovation Financing for REO Homes - 04/26/09 08:09 PM
Renovation Financing for REO Homes  
As REO agents, we see hundreds of homes that need repairs or improvements. When homes go through the foreclosure process, most of the owners do not have the funds to cover normal maintenance needs or carpet and appliance replacements.  These properties can present wonderful purchase opportunities.
Rather than purchase a home that has been fixed up by the seller with different tastes in paint color, carpet and appliance selection, why not purchase a REO home that needs some work and fix it up just the way you want it for your own comfort and … (0 comments)

THOMAS JEFFERSON VISITOR CENTER OPEN AT MONTICELLO - 04/26/09 06:26 PM
THOMAS JEFFERSON VISITOR CENTER OPEN AT MONTICELLO
Be sure to plan a vacation trip to Charlottesville, Virginia and include Monticello as one of the places you want to visit. The new visitor center is open and you will enjoy the experience.
http://www.monticello.org/featured/new_vc.html
While you are in Charlottesville, include a tour of the University of Virginia in your plans. You will be impressed with this outstanding educational institution.
http://www.virginia.edu/
 
 
… (1 comments)

GOODBYE TO COUNTRYWIDE, WELCOME TO BANK OF AMERICA HOME LOANS - 04/26/09 05:58 PM
GOODBYE TO COUNTRYWIDE, WELCOME TO BANK OF AMERICA HOME LOANS
For many years, the loan officers, the support staff and the managers at the Countrywide Homes Loans offices in Montgomery County and Frederick County, Maryland have been good friends and advisors and have provided a high level of professional service to agents of RE/MAX Realty Group and our buyer and seller clients.
Tomorrow, Monday April 27, is a date of great importance since that is the date that Countrywide Home Loans becomes Bank of America Home Loans. We wish our friends the greatest success with their new company and new identity. They will continue to … (0 comments)

BUYING AT TRUSTEE SALES IN MARYLAND - 04/26/09 05:28 PM
BUYING AT TRUSTEE SALES IN MARYLAND
A prospective investor called about purchasing properties in her community in Montgomery County, Maryland at a trustee sale auction. She thought this would be an easy way to buy a house for investment.
Is this a safe method for the small investor to purchase properties?  For most the answer is no.
The level of risk is not the same in all states. In Maryland, trustee sales are held at the courthouse steps. Any qualified bidder can participate in the foreclosure auctions. The deposits are substantial and that is one of the risks. It is not unusual … (0 comments)

FREDERICK COUNTY, MD TRUSTEE SALES - HARVEY WEST - 04/26/09 08:14 AM
FREDERICK COUNTY, MD TRUSTEE SALES -  HARVEY WEST
Harvey West Auctioneers has scheduled a number of trustee sales.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased in 'as-is" condition.
The lenders are … (2 comments)

MONTGOMERY COUNTY, MD TRUSTEE SALES - HARVEY WEST - 04/26/09 08:05 AM
MONTGOMERY COUNTY, MD TRUSTEE SALES - HARVEY WEST
Harvey West Auctioneers has scheduled a number of trustee sales in Montgomery County, Maryland.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased in 'as-is" … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS - 04/26/09 07:53 AM
MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS
Trustee sales auctions are open to the public and all qualified bidders. Prospective buyers should carefully read the newspaper advertisements for the terms and conditions of the sales. The deposits must be in cash or certified funds. Those without experience or knowledge of the risks should seek professional advice.
Most of the homes that are sold at trustee sales are acquired 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 available lender owned foreclosures. We represent … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/26/09 06:54 AM
FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or reinstatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of the … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/26/09 06:49 AM
MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or restatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP - 04/26/09 06:38 AM
MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP
The Fisher Law Group is advertising several trustee sales in Montgomery County.
http://www.first-legal.com/salelist/sales.html
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/26/09 06:31 AM
FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure … (0 comments)

Cleaning An Egged Car - 04/25/09 06:48 AM
Cleaning An Egged Car
Ted Blitgen provided these tips for his Kentlands neighbors
A solution for removing the egg:If you've ever been victimized by neighborhood pranksters or vandalism, you've likely had your car egged. While discovering an egged car is nerve racking, trying to remove the egg and yolk creates further irritation. The key is to remove the egg stain shortly after the incident. However, if the egging occurred overnight, or while you were out of town, the yolk will crust, making removal twice and hard. Here are a few tips for removing egg from cars, without ruining the paint. Step … (2 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/24/09 02:57 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/24/09 10:27 AM
FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or reinstatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of the … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/23/09 08:05 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or restatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of … (0 comments)

INVESTORLOFT FOR REAL ESTATE INVESTORS - 04/23/09 07:46 PM
INVESTORLOFT FOR REAL ESTATE INVESTORS  
RE/MAX International and RE/MAX Realty Group agents are inviting you to sign-up for InvestorLoft, a powerful new online tool. Searching for properties that meet your needs just got a whole lot easier! 
Register for your complimentary account here: http://www.investorloft.com/signup.php?R=ROYKELLEY or type in my referral code (ROYKELLEY) on the signup page.  
Once you are registered, you'll be able to use all of their powerful real estate search and analysis tools such as:  
PropScout:  Property search engine technology allows you to search listings by estimated equity, cash flow or cap rate - based on your down payment amount and mortgage … (0 comments)

FREDERICK COUNTY MARYLAND LENDER OWNED FORECLOSURES - 04/23/09 07:01 PM
FREDERICK COUNTY MARYLAND LENDER OWNED FORECLOSURES   
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/24/2009  Contact us for further price reductions.)  
REO properties are foreclosed homes that are now owned by lenders.  We represent purchaser clients as their exclusive  agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.    
The following are available REO homes. Prices are reduced until they are sold.  All of this information is subject to change or error.  HOA and Condo fees have not … (0 comments)

FORECLOSURES ATTRACTING MULTIPLE CONTRACTS - 04/23/09 10:28 AM
FORECLOSURES ATTRACTING MULTIPLE CONTRACTS
James R. Hagerty of The Wall Street Journal reports that housing markets in some areas including the Washington DC area are experiencing bidding wars as home buyers and investors compete for the bargains in the inventory of lender owned foreclosures. Real estate agents have found that multiple contracts have become a common occurrence in REO transactions.
A year or so back, the typical price reductions were in increments of $5,000 to $10,000. The lenders have gained more experience with property disposition and the reductions have become much larger. A home can go from fully priced to an under … (0 comments)

SUCCESS STORY - GERMANTOWN, MARYLAND - 04/22/09 07:36 PM
SUCCESS STORY - GERMANTOWN, MARYLAND
On February 23, we received a call from a prospective home buyer in response to a blog on ActiveRain. They said they were in the market for a townhouse and hoped to take advantage of one of the foreclosures opportunities.
We assisted them with the needed pre-approval for mortgage financing and showed them three properties that would best meet their needs on March 1. They submitted a successful contract on the home they liked best and it is scheduled for settlement in the first week of May.
Prospective home buyers really appreciate the information included in … (3 comments)

SUCCESS STORY IN MONTGOMERY COUNTY, MARYLAND - 04/22/09 07:19 PM
SUCCESS STORY IN MONTGOMERY COUNTY, MARYLAND
Earlier today, we received a call from a first time buyer asking about a foreclosure property near the home of his sister. He thought it would be nice to be in that area near family. We suggested that he should try to purchase and have a settlement before the end of November to take advantage of the currently available federal tax credit in the amount of $8,000.
He confided that he did not think he would be able to save the 3.5% FHA minimum cash requirement in time to take advantage of the tax credit. … (0 comments)

SUCCESS STORY - SILVER SPRING, MARYLAND - 04/22/09 07:01 PM
SUCCESS STORY - SILVER SPRING, MARYLAND
On January 20, we received a call from a prospective buyer in response to a blog on ActiveRain. Their previous agent has not met their expectations and they were seeking professional assistance. They had already sold their previous home and had a substantial amount of available equity to use for a down payment.
We found the perfect home for them and they are scheduled to go to settlement during the first week in May.
Home buyers really appreciate the information provided in Localisms. And, the love to have quality advice from their agents.
We represent buyer clients … (0 comments)

ASSISTANCE URGENTLY NEEDED BY FIRST TIME BUYERS - 04/22/09 06:46 PM
ASSISTANCE URGENTLY NEEDED BY FIRST TIME BUYERS
We are receiving calls from first time home buyers that really want to take advantage of the currently available $8,000 tax credit. Some do not have the minimum 3.5% cash required for FHA financing and some need an non-occupant co-borrower to qualify.
Now is the time for parents and other family members to step up and offer assistance so these prospective buyers can select a home and get to settlement before the end of November.
For a young buyer, the $8,000 tax credit is really a major benefit. If your kids are responsible young … (0 comments)

SUCCESS STORY - FREDERICK COUNTY, MARYLAND - 04/22/09 06:16 PM
SUCCESS STORY - FREDERICK COUNTY, MARYLAND
On April 13, we received a message via ActiveRain in response to one of our blogs. The prospective buyer commented that she was surprised to find so much information readily available on lender owned homes in Frederick County. It seemed that they were very unhappy with a previous agent that had not met their expectations.
We helped them with the necessary pre-approval, showed the homes that would best meet their needs and they were under contract at the end of March. They will become happy home owners at the end of this month and will … (0 comments)

SUCCESS STORY - GAITHERSBURG, MD - 04/22/09 05:49 PM
SUCCESS STORY - GAITHERSBURG, MD
The father of a prospective home buyer called us in response to an ActiveRain blog and referred his son as a prospective purchaser. This was in the first week of February.
We referred the prospects to a loan office at Countrywide Home Loans and they were pre-approved to purchase a Countrywide REO. In the first week of this month, they went to settlement and are now proud home owners with a very attractive interest rate and a $8,000 tax credit that will be of great assistance to them.
Prospective home buyers love the information posted in Localisms and … (0 comments)

COUNTRYWIDE OFFERS 3% COMMISSION PLUS $1,000 BONUS TO SELLING AGENT - OLNEY ACRES, ROCKVILLE, MD - 04/22/09 05:31 PM
COUNTRYWIDE OFFERS 3% COMMISSION PLUS $1,000 BONUS TO SELLING AGENT - OLNEY ACRES, ROCKVILLE, MD
Are you looking for a home to renovate or tear down?  This REO listing really needs a lot of work. The real value is in the hilltop setting of the 1.41 acre wooded site near the Rock Creek Regional Park. Price is $241,900 (the full price is below the assessment value of the lot).
Contact us for an appointment to see this property. The locksmith is coming this afternoon to change the locks.
If you want to renovate the home, we recommend FHA 203(k) financing. You … (0 comments)

MONTGOMERY COUNTY MD BOARD VACANCIES - 04/21/09 10:14 AM
MONTGOMERY COUNTY MD BOARD VACANCIES
Get Involved In Your Community
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:
Community Action Board Community Development Advisory Committee Commission on Health Mid-County Citizens Advisory Board Revenue Authority Western Montgomery County Citizens Advisory Board   The deadline for … (0 comments)

MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES - 04/20/09 06:13 PM
MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/20/09 - Contact us for further daily price reductions.)  
Roy Kelley, RE/MAX Realty Group, Gaithersburg, MD 301-921-4569 roykelley@mris.com  
REO homes are foreclosures owned by lenders and other entities. We represent clients as exclusive buyer agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.  Email us for a referral to a lender.  The following are available REO homes. Prices are reduced until they are sold. … (2 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP - 04/19/09 02:07 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP
The Fisher Law Group is advertising several trustee sales in Montgomery County.
http://www.first-legal.com/salelist/sales.html
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS - 04/19/09 01:42 PM
MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS
Trustee sales auctions are open to the public and all qualified bidders. Prospective buyers should carefully read the newspaper advertisements for the terms and conditions of the sales. The deposits must be in cash or certified funds. Those without experience or knowledge of the risks should seek professional advice.
Most of the homes that are sold at trustee sales are acquired 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 available lender owned foreclosures. We represent … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/19/09 12:35 PM
FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/19/09 12:16 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with … (0 comments)

INCREASE IN NUMBER OF HOMES UNDER CONTRACT IN UPPER MONTGOMERY COUNTY - 04/19/09 12:01 PM
 
INCREASE IN NUMBER OF HOMES UNDER CONTRACT IN UPPER MONTGOMERY COUNTY
In March of last year, there were 2,800 homes for sale in the Upper Montgomery County Maryland area. 239, or 9%, of the homes were under contract. This March shows a different story for the 2009 market. There were 2,151 homes for sale and 404, or 19%, were under contract. These statistics verify a significant increase in the sales activity this spring. A disproportionate number of the active listings are short sales and lender owned homes. Many of the short sales listings will end up as foreclosures. The lenders are selling … (0 comments)

UPPER MONTGOMERY COUNTY MD HOME PRICES DOWN - 04/19/09 11:44 AM
UPPER MONTGOMERY COUNTY MD HOME PRICES DOWN
This chart shows the median prices on homes sold in Upper Montgomery County Maryland from March 2008 through March of this year. The overall trend has been down and March median prices are 20% below the prices last year. The good news is that median prices during March were up from January and February. The agents in our office at RE/MAX Realty Group are experiencing a significant increase home purchase activity. Much of the activity relates to short sales listings of financially distressed home owners and major activity in the inventory of lender owned … (0 comments)

FREDERICK COUNTY, MD TRUSTEE SALES - HARVEY WEST - 04/19/09 11:19 AM
FREDERICK COUNTY, MD TRUSTEE SALES -  HARVEY WEST
Harvey West Auctioneers has scheduled a number of trustee sales.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased in 'as-is" condition.
The lenders are … (0 comments)

MONTGOMERY COUNTY, MD TRUSTEE SALES - HARVEY WEST - 04/19/09 11:05 AM
MONTGOMERY COUNTY, MD TRUSTEE SALES - HARVEY WEST
Harvey West Auctioneers has scheduled a number of trustee sales in Montgomery County, Maryland.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased in 'as-is" … (0 comments)

SUCCESS STORY - 203(k) - 04/19/09 10:29 AM
SUCCESS STORY - 203(k)
What makes a successful ActiveRain blog for a real estate agent?  The answer is easy, one that brings results.
On April 2, we received a call from a prospective home buyer. He was responding to one of my previous blogs on the use of FHA 203(k) financing. His goal was to purchase a lender owned foreclosure that needed renovation and he wanted an agent that knows how to use 203(k) financing. He made it easy because he had already identified an REO property of interest from another of my ActiveRain blogs that included a list of the … (1 comments)

FREDERICK COUNTY MD REAL ESTATE TAX SALE - 04/18/09 10:14 AM
FREDERICK COUNTY MD REAL ESTATE TAX SALE
May 11, 2009 is the date for the real estate tax sale auction at Winchester Hall in Frederick MD. A 14 page list of 1,790 properties will be published in the Sunday edition of The Frederick News-Post. The properties on the list will change as some of the owners pay the taxes that are due. An official for Frederick County was quoted as saying that there are 500-700 properties more than on the list last year.
Once the properties are scheduled for the sale, the only way to keep the properties out of the sale … (0 comments)

INVENTORY OF HOMES FOR SALE DOWN IN UPPER MONTGOMERY COUNTY MD - 04/17/09 02:23 PM
INVENTORY OF HOMES FOR SALE DOWN IN UPPER MONTGOMERY COUNTY MD
With all of the national news about the poor housing market, some to not know that the local situation has changed and looks very good. In March, 2008, there was a 9.5 month inventory of homes for sale in the Upper Montgomery County area. The figures for March, 2009 showed a 3.8 month inventory. And, the inventory figures include many short sale listings that will never be sold because of the unrealistic expectations of the owners and their agents.
Buyers that want to purchase this year need to be actively … (0 comments)

REO HOMES BACK ON THE MARKET - MONTGOMERY COUNTY, MD - 04/17/09 01:41 PM
REO HOMES BACK ON THE MARKET - MONTGOMERY COUNTY, MD
If you previously called on any of the following properties and were told that they were under contract, please call us again. The contracts did not go to settlement and these homes are again on the market and available for purchase. The lenders have a surplus inventory of owned foreclosures. They are highly motivated sellers and prices are reduced until the properties are under contract.
Buyers do need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for a referral if you do … (0 comments)

POWER OF REAL ESTATE IRAS - INVESTORLOFT - 04/17/09 10:24 AM
POWER OF REAL ESTATE IRAS - INVESTORLOFT
RE/MAX Realty Group agents are introducing their clients to a tax-advantaged way to purchase real estate for investment. The top producing agents from the office are scheduled to attend a Monday morning seminar with Jennifer Dizmang as the featured speaker. Jennifer is a nationally known speaker and InvestorLoft.com's real estate IRA specialist.
Real estate investors are back in the market to take advantage of the large number of purchase opportunities available in the inventory of lender owned foreclosures. The on line tools offered by InvestorLoft will assist many with their purchase decisions. Our associate agents are … (4 comments)

FREDERICK COUNTY MD - LENDER OWNED FORECLOSURES - 04/16/09 04:02 PM
FREDERICK COUNTY MD - LENDER OWNED FORECLOSURES   
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/16/2009  Contact us for further price reductions.)  
REO properties are foreclosed homes that are now owned by lenders.  We represent purchaser clients as their exclusive agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.    
The following are available REO homes. Prices are reduced until they are sold.  All of this information is subject to change or error.  HOA and Condo fees have … (2 comments)

COUNTRYWIDE REO PRICE REDUCED - OLNEY ACRES, ROCKVILLE, MD - 04/16/09 12:33 PM
 COUNTRYWIDE REO PRICE REDUCED - OLNEY ACRES, ROCKVILLE, MD
Are you looking for a home to renovate or tear down?  This REO listing really needs a lot of work. The real value is in the hilltop setting of the 1.41 acre wooded site near the Rock Creek Regional Park. Price is $241,900 (the full price is below the assessment value of the lot).
Contact us for an appointment to see this property. The locksmith is coming this afternoon to change the locks.
If you want to renovate the home, we recommend FHA 203(k) financing. You will need to have a pre-qualification letter … (0 comments)

INVITATION TO REAL ESTATE INVESTORS - 04/16/09 09:50 AM
INVITATION TO REAL ESTATE INVESTORS  
We're inviting you to sign-up for InvestorLoft, a powerful new online tool I am excited to share. Searching for properties that meet your needs just got a whole lot easier! This is a new offering from RE/MAX Realty Group.  
Register for your complimentary account here: http://www.investorloft.com/signup.php?R=ROYKELLEY or type in my referral code (ROYKELLEY) on the signup page.  
Once you are registered, you'll be able to use all of their powerful real estate search and analysis tools such as:   PropScout: InvestorLoft's property search engine technology allows you to search listings by estimated equity, … (0 comments)

REO HOMES BACK ON THE MARKET - FREDERICK COUNTY, MD - 04/15/09 03:02 PM
REO HOMES BACK ON THE MARKET - FREDERICK COUNTY, MD
If you previously called on any of the following properties and were told that they were under contract, please call us again. The contracts did not go to settlement and these homes are again on the market and available for purchase. The lenders have a surplus inventory of owned foreclosures. They are highly motivated sellers and prices are reduced until the properties are under contract.
Buyers do need to be pre-qualified for mortgage financing since a lender letter must be submitted with any offer. Ask us for a referral if you do … (0 comments)

LENDERS STEPPING UP FORECLOSURES - 04/15/09 01:25 PM
LENDERS STEPPING UP FORECLOSURES
Ruth Simon reported today, in The Wall Street Journal, that major lenders are ramping up the volume of foreclosures as they end the moratoriums which had temporarily slowed the foreclosures process. These lenders include J.P Morgan & Co., Fannie Mae, Freddie Mac and Wells Fargo & Co. Previously, Bank of America announced that their moratorium would run until the end of this month.
Some mortgage lenders halted foreclosures while waiting for the details on the Obama administration's rescue plan for home owners. Others slowed foreclosures until programs could be developed in compliance with recently enacted state laws. These … (2 comments)

FREDERICK MD 21704 REAL ESTATE TREND INDICATOR - 04/15/09 10:13 AM
FREDERICK MD 21704 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Frederick in zip code 21704, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 20 new listings and 21 went to pending new contracts. The sold dollar volume was down 31.99% from last year. There were 91 active listings of homes for sale during the month. The number of homes sold was 10 from 10 last year. The average … (0 comments)

FREDERICK MD 21701 REAL ESTATE TREND INDICATOR - 04/15/09 09:05 AM
FREDERICK MD 21701 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Frederick in zip code 21701, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 83 new listings and 57 went to pending new contracts. The sold dollar volume was down 22.39% from last year. There were 334 active listings of homes for sale during the month. The number of homes sold was 40 from 36 last year. The average … (0 comments)

JEFFERSON MD 21755 REAL ESTATE TREND INDICATOR - 04/14/09 03:25 PM
JEFFERSON MD 21755 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Jefferson, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 11 new listings and 3 went to pending new contracts. The sold dollar volume was up 30.08% from last year. There were 29 active listings of homes for sale during the month. The number of homes sold was 3  from 2 last year. The average days on the market … (0 comments)

MIDDLETOWN MD 21769 REAL ESTATE TREND INDICATOR - 04/14/09 03:11 PM
MIDDLETOWN MD 21769 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Middletown, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 22 new listings and 14 went to pending new contracts. The sold dollar volume was up 100.74% from last year. There were 84 active listings of homes for sale during the month. The number of homes sold was 9 from 4 last year. The average days on the market was … (1 comments)

MONROVIA MD 21770 REAL ESTATE TREND INDICATOR - 04/14/09 02:58 PM
MONROVIA MD 21770 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Monrovia, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 5 new listings and 5 went to pending new contracts. The sold dollar volume was up 166.52% from last year. There were 26 active listings of homes for sale during the month. The number of homes sold was 5 from 1 last year. The average days on the market … (0 comments)

IJAMSVILLE MD 21754 REAL ESTATE TREND INDICATOR - 04/14/09 02:46 PM
IJAMSVILLE MD 21754 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in ZIP CODE 21754, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 10 new listings and 3 went to pending new contracts. The sold dollar volume was up 20.66% from last year. There were 35 active listings of homes for sale in the zip code during the month. The number of homes sold was 5 from 4 last year. … (0 comments)

OLNEY ACRES TEAR DOWN OPPORTUNITY, ROCKVILLE, MD - 04/14/09 02:29 PM
OLNEY ACRES TEAR DOWN OPPORTUNITY, ROCKVILLE, MD
This lender owned foreclosure is sited on a 1.41 acre wooded hill top lot. If you have been looking for a beautiful location for your new home, drive by and walk this lot. Near Rock Creek Regional Park and Norbeck Country Club.
The price has been reduced to $249,900!
Contact us right away if this location will meet your needs. roykelley@mris.com
Listing and public record:
http://matrixreports2.mris.com/MatrixReportServer/Output/2327/Report9764Apr14.pdf
… (0 comments)

BANK OF AMERICA EXTENDS FORECLOSURES MORATORIUM - 04/14/09 01:39 PM
BANK OF AMERICA EXTENDS FORECLOSURES MORATORIUM
Bank of America disclosed that they have been contacted by over 200,000 mortgage borrowers to determine their eligibility for refinancing under the U.S. Treasury Department's Making Home Affordable program. The bank expects to begin offering trial modifications within the next two weeks. The company has extended its voluntary moratorium of foreclosure of loans that may be eligible for the program until April 30.  
The first borrowers to be assisted will be the ones that have mortgage loans serviced by Bank of America or Countrywide Home Loans. Additional borrows will be included as the systems become operational. … (2 comments)

FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/14/09 10:55 AM
FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or reinstatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of the … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/14/09 10:46 AM
MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or restatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of … (0 comments)

KENTLANDS HAPPY HOUR TO FEATURE TWO STEP DANCING - 04/13/09 04:12 PM
KENTLANDS HAPPY HOUR TO FEATURE TWO STEP DANCING
The Kentlands Citizens Assembly will sponsor a Happy Hour featuring two step dancing on Friday, April 17, 2009 from 5 PM to 8 PM at the clubhouse. This event is for all residents, 21 years and older. Come to the clubhouse for drinks and conversation with your neighbors. You do need to RSVP 301-948-2071
Visit www.kentlandsusa.com
Community service blog by roykelley@mris.com
… (0 comments)

HUD GOOD NEIGHBOR NEXT DOOR PROGRAMS - 04/13/09 10:43 AM
HUD GOOD NEIGHBOR NEXT DOOR PROGRAMS
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
We were contacted this morning by school teacher that will be taking a new position in our area. He was attracted to this program by the information on the HUD … (0 comments)

REVERSE MORTGAGE GUIDELINES - 04/13/09 09:50 AM
REVERSE MORTGAGE GUIDELINES
Home buyers at age 62 or older can use The Home Equity Conversion Mortgage (HECM) also known a Reverse Mortgage to refinance their present home or purchase another primary residence as their retirement home.
Some of the basic benefits of this program include the following:
1. Refinance or purchase without a monthly mortgage payment.
2. Purchase a primary residence that is more suitable for their needs. Some need handicap features or one level living.
3. Purchase a home in a senior housing community.
4. Move to a home that has better access and more modern amenities.
5. Downsize … (0 comments)

GAITHERSBURG MD 20877 REAL ESTATE TREND INDICATOR - 04/12/09 11:58 AM
GAITHERSBURG MD 20877 REAL ESTATE TREND INDICATOR
If you are planning to purchase or sell a home in ZIP CODE 20877, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 48 new listings and 45 went to pending new contracts. The sold dollar volume was up 23.65% from last year. There were 194 active listings of homes for sale in the zip code during the month. The number of homes sold was 22 from 14 last year. The … (0 comments)

WASHINGTON COUNTY, MARYLAND HUD HOMES AVAILABLE FOR PURCHASE - 04/12/09 11:35 AM
WASHINGTON COUNTY, MARYLAND HUD HOMES AVAILABLE FOR PURCHASE
The following properties are included in the current inventory of FHA foreclosures that are being offered for sale by HUD.  Note that the priority "Owner Occupant" means that the purchasers must occupy the homes. All of the HUD properties are first offered to owner occupant purchasers before being offered to investors.
If you are planning to use financing, FHA is usually the best program. Prospective buyers need to be pre-approved for mortgage financing. Check with us if you need a referral to a loan officer. We also provide client reports on lender owned … (0 comments)

MONTGOMERY COUNTY, MARYLAND HUD HOMES AVAILABLE FOR PURCHASE - 04/12/09 11:32 AM

MONTGOMERY COUNTY, MARYLAND HUD HOMES AVAILABLE FOR PURCHASE
The following properties are included in the current inventory of FHA foreclosures that are being offered for sale by HUD.  Note that the priority "Owner Occupant" means that the purchasers must occupy the homes. All of the HUD properties are first offered to owner occupant purchasers before being offered to investors.
If you are planning to use financing, FHA is usually the best program. Prospective buyers need to be pre-approved for mortgage financing. Check with us if you need a referral to a loan officer. We also provide client reports on lender … (0 comments)

FREDERICK COUNTY, MARYLAND HUD HOMES AVAILABLE FOR PURCHASE - 04/12/09 11:28 AM
FREDERICK COUNTY, MARYLAND HUD HOMES AVAILABLE FOR PURCHASE
The following properties are included in the current inventory of FHA foreclosures that are being offered for sale by HUD.  Note that the priority "Owner Occupant" means that the purchasers must occupy the homes. All of the HUD properties are first offered to owner occupant purchasers before being offered to investors.
If you are planning to use financing, FHA is usually the best program. Prospective buyers need to be pre-approved for mortgage financing. Check with us if you need a referral to a loan officer. We also provide client reports on lender owned … (0 comments)

CHEVY CHASE, MARYLAND 20815 - REAL ESTATE TREND INDICATOR - 04/12/09 10:59 AM
CHEVY CHASE, MARYLAND 20815 - REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20815, you should take a close look at the following report that compares the statistics for March with the same month last year. There were 47 new listings in the area and 26 properties went to pending new contracts. During the month, there were 162 active listings of homes for sale in 20815. There were 19 settlements as compared to 17 homes sold last year. The median sales price was $557,000.  The average sales price was 86.61% … (0 comments)

BETHESDA, MARYLAND 20814 - REAL ESTATE TREND INDICATOR - 04/12/09 10:21 AM
BETHESDA, MARYLAND 20814 - REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20814, you should take a close look at the following report that compares the statistics for March with the same month last year. There were 54 new listings in the area and 33 properties went to pending new contracts. During the month, there were 157 active listings of homes for sale in 20814. There were 12 settlements as compared to 22 homes sold last year. The median sales price was $678,500.  The average sales price was 94.3% of the … (0 comments)

DERWOOD, MARYLAND 20855 - REAL ESTATE TREND INDICATOR - 04/12/09 10:15 AM
DERWOOD, MARYLAND 20855 - REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20855, you should take a close look at the following report that compares the statistics for March with the same month last year. There were 27 new listings in the area and 13 properties went to pending new contracts. During the month, there were 74 active listings of homes for sale in Derwood. There were 10 settlements as compared to 8 homes sold last year. There were 74 homes on the market. The median sales price was $379,650, … (0 comments)

OLNEY, MARYLAND 20832 - REAL ESTATE TREND INDICATOR - 04/12/09 10:07 AM
OLNEY, MARYLAND 20832 - REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20832, you should take a close look at the following report that compares the statistics for March with the same month last year. There were 37 new listings in the area and 19 properties went to pending new contracts. During the month, there were 95 active listings of homes for sale in Olney. There were 18 settlements as compared to 10 homes sold last year.  The median sales price was $349,500.  The average sales price was 91.29% of … (0 comments)

MOUNT AIRY, MARYLAND 21771 - REAL ESTATE TREND INDICATOR - 04/12/09 09:59 AM
MOUNT AIRY, MARYLAND 21771 - REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 21771, you should take a close look at the following report that compares the statistics for March with the same month last year. There were 44 new listings in the area and 24 listings went to pending new contracts. During the month, there were 171 active listings of homes for sale in 21771. There were 15 actual settlements as compared to 11 homes sold last year. The total sold dollar volume was up 24.19%. The average number … (0 comments)

POOLESVILLE, MARYLAND 20837 REAL ESTATE TREND INDICATOR - 04/12/09 09:53 AM
POOLESVILLE, MARYLAND 20837 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 March with the same month last year. There were 5 new listings in the area and 8 went to pending new contracts.  During the month, there were 38 active listings of homes for sale in Poolesville.  There was 1 actual settlements as compared to 3 homes sold last year.   What does this mean?  It is still a soft market which favors buyers.  Buyers … (0 comments)

DAMASCUS, MARYLAND 20872 REAL ESTATE TREND INDICATOR - 04/12/09 09:45 AM
DAMASCUS, MARYLAND 20872 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 March with the same month last year. There were 21 new listings in the area and 19 listings went to pending new contracts. During the month, there were 67 active listings of homes for sale in 20872. There were 9 actual settlements as compared to 6 homes sold last year. The total sold dollar volume was down 15.98%. The average number of days … (0 comments)

CLARKSBURG, MARYLAND 20871 REAL ESTATE TREND INDICATOR - 04/12/09 09:40 AM
CLARKSBURG, MARYLAND 20871 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 March with the same month last year. There were 35 new listings in the area and 24 listings went to new pending contracts. During the month, there were 129 active listings of homes for sale in 20871. There were 16 actual settlements as compared to 7 homes sold last year. The total sold dollar volume was up 142.34%. The average number of days … (0 comments)

GERMANTOWN, MARYLAND 20876 REAL ESTATE TREND INDICATOR - 04/12/09 09:33 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 March with the same month last year. There were 39 new listings in the zip code and 31 listings went to pending new contracts. During the month, there were 149 active listings of homes for sale in 20876. There were 29 actual settlements as compared to 14 homes sold last year. The average sold price was $242,906 and the median sold price was … (0 comments)

GERMANTOWN, MARYLAND 20874 REAL ESTATE TREND INDICATOR - 04/12/09 09:27 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 March with the same month last year. There were 98 new listings in the zip code and 100 listings went to pending new contracts. During the month, there were 396 active listings of homes for sale in 20874. There were 55 actual settlements as compared to 54 homes sold last year. The total sold dollar volume was down 28.81%.  The average sold price … (0 comments)

ROCKVILLE MD 20850 - REAL ESTATE TREND INDICATOR - 04/12/09 09:14 AM
ROCKVILLE MD 20850 -  REAL ESTATE TREND INDICATOR    
If you are thinking about buying or selling a home in zip code 20850, you should take a close look at the following report that compares the statistics for March with the same month last year. There were 69 new listings in the area and 45 listings went to pending new contracts. During the month, there were 162 listings of homes for sale in 20850. There were 35 actual settlements as compared to 35 homes sold last year. The total sold dollar volume was down  18.76%.  The average number of days … (0 comments)

BOYDS MD 20841 REAL ESTATE TREND INDICATOR - 04/12/09 09:07 AM
BOYDS MD 20841 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Boyds, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 14 new listings and 10 went to pending new contracts. The sold dollar volume was down 63.56% from last year. There were 44 active listings of homes for sale in Boyds during the month. The number of homes sold was 3 from 6 last year. The average days on … (0 comments)

MONTGOMERY VILLAGE MD 20886 REAL ESTATE TREND INDICATOR - 04/12/09 08:53 AM
MONTGOMERY VILLAGE MD 20886 REAL ESTATE TREND INDICATOR  
If you are planning to purchase or sell a home in Montgomery Village, you will want to know the trends of the market. The following report is for March and the statistics are compared with the same month last year. During the month, there were 79 new listings and 57 went to pending new contracts. The sold dollar volume was up 3.26% from last year. There were 269 active listings of homes for sale in Montgomery Village during the month. The number of homes sold was 34 from 29 last year. The … (0 comments)

GAITHERSBURG,KENTLANDS,LAKELANDS, NORTH POTOMAC, MARYLAND 20878 REAL ESTATE TREND INDICATOR - 04/12/09 08:47 AM
GAITHERSBURG,KENTLANDS,LAKELANDS, NORTH POTOMAC, MARYLAND 20878 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 March with the same month last year. There were 85 new listings in the area and 66 listings went to pending new contracts. There were 261 active listings of homes for sale in 20878 during the month. There were 41 actual settlements as compared to 45 homes sold last year. The total sold dollar volume was down 22.09%. The median sold … (0 comments)

WASHINGTON COUNTY, MARYLAND REAL ESTATE TREND INDICATOR - 04/12/09 08:44 AM
WASHINGTON COUNTY, MARYLAND REAL ESTATE TREND INDICATOR  
This report is important if you are planning to purchase or sell a home in Washington County.  The following information is for March and the statistics are compared with the same month last year.  During the month, there were 232 new listings and 110 new pending contracts. The sold dollar volume was down 8.95% from last year. There were 1,183 active listings of homes for sale in the county during the month. The number of homes sold was up to 82 from 79 last year. The average days on the market was 152 … (0 comments)

PRINCE GEORGE'S COUNTY MARYLAND REAL ESTATE TREND INDICATOR - 04/12/09 08:38 AM
PRINCE GEORGE'S COUNTY MARYLAND 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 March and the statistics are compared with the same month last year.  During the month, there were 1,405 new listings and 774 new pending contracts. The sold dollar volume was down 10.89% from last year. The median sold price was $234,900. There were 6,986 active listings of homes for sale during the month. The number of homes sold was 380 as … (0 comments)

FREDERICK COUNTY MARYLAND REAL ESTATE TREND INDICATOR - 04/12/09 07:50 AM
FREDERICK COUNTY MARYLAND REAL ESTATE TREND INDICATOR  
This information is important if you are planning to purchase or sell a home in Frederick County.  The following report is for March and the statistics are compared with the same month last year.  During the month, there were 430 new listings and 319 new pending contracts. The sold dollar volume was down 9.44% from last year. There were 1,812 active listings on the market. The number of homes sold was up to 171 from 153 last year. The average days on the market was 158 days as compared to 177 days last … (0 comments)

MONTGOMERY COUNTY, MD TRUSTEE SALES - HARVEY WEST - 04/11/09 08:24 PM
MONTGOMERY COUNTY, MD TRUSTEE SALES - HARVEY WEST
Harvey West Auctioneers has scheduled a number of trustee sales in Montgomery County, Maryland.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased in 'as-is" … (2 comments)

Grand Opening of Monticello's new visitor center set for Wednesday, April 15 - 04/11/09 04:15 PM
… (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS - 04/11/09 03:22 PM
MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS
Trustee sales auctions are open to the public and all qualified bidders. Prospective buyers should carefully read the newspaper advertisements for the terms and conditions of the sales. The deposits must be in cash or certified funds. Those without experience or knowledge of the risks should seek professional advice.
Most of the homes that are sold at trustee sales are acquired 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 available lender owned foreclosures. We represent … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP - 04/11/09 03:17 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP
The Fisher Law Group is advertising several trustee sales in Montgomery County.
http://www.first-legal.com/salelist/sales.html
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/11/09 03:12 PM
FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or reinstatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of the … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/11/09 03:07 PM
FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/11/09 03:04 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with … (0 comments)

100% HOC FINANCING FOR FIRST TIME HOME BUYERS - 04/11/09 11:37 AM
100% HOC FINANCING FOR FIRST TIME HOME BUYERS
The Housing Opportunities Commission (HOC) in Montgomery County, Maryland has special financing available for first time home buyers. Currently, this may be the best available financing for the families that qualify.
$14,000,000 of 30 year fixed rate funding is available for mortgage loans at 4.86% with one point or 5.0% with no points.
Buyers need to contact lenders that participate in the HOC programs. Many lenders avoid these programs because of the low lender fees.
One of the loan officers we recommend is Paul McCausland, 800-474-0387, at 1stMariner Mortgage in Rockville, MD. paul@thehomeloancenter.net
… (1 comments)

POTOMAC, MARYLAND 20854 REAL ESTATE TREND INDICATOR - 04/11/09 10:37 AM
POTOMAC, MARYLAND 20854 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 March with the same month last year. There were 91 new listings in the area and 35 listings went to new pending contracts. During the month, there were 305 active listings of homes for sale in 20854. There were 25 actual settlements as compared to 24 homes sold last year. The total sold dollar volume was down 15.57%.  The average number of days … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/11/09 09:19 AM
MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or restatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of … (0 comments)

TWO YEAR RULE IN MORTGAGE FINANCING - 04/10/09 10:52 AM
TWO YEAR RULE IN MORTGAGE FINANCING
We received an email this morning from Brian Farasyat National City (Now part of PNC) advising that loan officers are very busy with the high volume of mortgage loan applications with the surge in real estate sales. Brian recommends that we remind home purchasers that they should be fully pre-approved for financing before submitting a contract to purchase a property. Real estate contracts need to be written to exactly conform with the financing that is going to be used.
The old days of verbal pre-qualification are long gone. Everything relating to mortgage underwriting relates to … (1 comments)

MONTGOMERY COUNTY MARYLAND REAL ESTATE TREND INDICATOR - 04/10/09 09:41 AM
MONTGOMERY COUNTY MARYLAND REAL ESTATE TREND INDICATOR    
Prospective home buyers and sellers should be aware of the real estate trends in Montgomery County, Maryland.   This report compares the March statistics with the same month last year.  There were 1,533 new listings taken in the month and the total of pending contracts was 1,091 for the month. The total dollar volume sold was down 6.86%. 5,338 homes were active listings for sale during the month. The number of housing units sold was up to 649 from 562 last year, an increase of 15.48%.  The average days on the market was … (1 comments)

MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES - 04/10/09 08:43 AM
MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/10/09 - Contact us for further daily price reductions.)  
Roy Kelley, RE/MAX Realty Group, Gaithersburg, MD 301-921-4569 roykelley@mris.com  
REO homes are foreclosures owned by lenders and other entities. We represent clients as exclusive buyer agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.  Email us for a referral to a lender.  
The following are available REO homes. Prices are reduced until they are … (0 comments)

MARCH, 2009 RESIDENTIAL MARKET REPORT - MONTGOMERY COUNTY MD - 04/08/09 06:45 PM
MARCH, 2009 RESIDENTIAL MARKET REPORT - MONTGOMERY COUNTY MD
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://gcaarrocks.com/ which is the home page for GCAAR.  On the lower right side of the … (0 comments)

REPORTING VACANT PROPERTIES IN MONTGOMERY COUNTY MD - 04/08/09 09:02 AM
REPORTING VACANT PROPERTIES IN MONTGOMERY COUNTY MD 
The following is a notice from the Montgomery County Government
Montgomery County residents can now report vacant properties through an on-line reporting system. Vacant properties can pose a number of potential problems for neighborhoods. In an attempt to maintain the health, safety and quality of Montgomery County neighborhoods, the County's Department of Housing and Community Affairs is seeking help in identifying properties that present a blighting influence on neighborhoods, particularly those vacant and abandoned properties in the foreclosure process. 
Residents who suspect that a neighborhood property is vacant and not being maintained properly by the … (0 comments)

FORFEIT YOUR DEPOSIT WHEN YOU CANCEL AN AUCTION PURCHASE - 04/08/09 08:44 AM
FORFEIT YOUR DEPOSIT WHEN YOU CANCEL AN AUCTION PURCHASE
We received the following email asking for advice.
"Subject: REDCDesperately need help!I'll avoid the REDC like the plague in the future, but I recently 'won' a bid on a property.The typical 20 day phone call upping the price: Is the buyer under contract to pay a higher amount at REDC's request? Or can I insist I get my earnest $ back if they try to up the price?To make matters worse, I 'inspected' the property before the auction but didn't get an official inspection done - didn't realize REDC would try to … (1 comments)

FREDERICK COUNTY MARYLAND - LENDER OWNED FORECLOSURES - 04/07/09 03:31 PM
FREDERICK COUNTY MARYLAND - LENDER OWNED FORECLOSURES   
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/07/2009  Contact us for further price reductions.)  
REO properties are foreclosed homes that are now owned by lenders.  We represent purchaser clients as their exclusive agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.    
The following are available REO homes. Prices are reduced until they are sold.  All of this information is subject to change or error.  HOA and Condo fees have … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP - 04/07/09 09:40 AM
MONTGOMERY COUNTY MD TRUSTEE SALES - THE FISHER LAW GROUP
The Fisher Law Group is advertising several trustee sales in Montgomery County.
http://www.first-legal.com/salelist/sales.html
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased … (0 comments)

CHECK FOR CANCELLATIONS BEFORE ATTENDING TRUSTEE SALES - 04/07/09 09:07 AM
CHECK FOR CANCELLATIONS BEFORE ATTENDING TRUSTEE SALES
It is always a good idea to check for cancellations before attending trustee sale auctions at the court house entrance. The following example schedule for Montgomery County MD is from www.alexcooper.com and shows the list of trustee sales by Alex Cooper Auctioneers for today and Wednesday. As you can see, many of the sales have already been canceled and others could be canceled before the time for the auctions. Why are sales canceled? These are foreclosures and home owners in distress do not want to lose their homes. Some are able to reinstate the mortgage loans and … (0 comments)

MONTGOMERY COUNTY MD BOARD VACANCIES - 04/06/09 04:20 PM
MONTGOMERY COUNTY MD BOARD VACANCIES
This post was provided by the Greater Capitol Area Association of Realtors as a community service.
Get Involved In Your Community 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.
The application deadline for the following is April 10:
Committee for Ethnic Affairs … (0 comments)

NEW COUNTRYWIDE REO - OLNEY ACRES, ROCKVILLE, MD - 04/06/09 02:44 PM
NEW COUNTRYWIDE REO - OLNEY ACRES, ROCKVILLE, MD
Are you looking for a home to renovate or tear down?  This REO listing really needs a lot of work. The real value is in the hilltop setting of the 1.41 acre wooded site near the Rock Creek Regional Park. Price is $249,900 (the full price is below the assessment value of the lot).
Contact us for an appointment to see this property. The locksmith is coming this afternoon to change the locks.
If you want to renovate the home, we recommend FHA 203(k) financing. You will need to have a pre-qualification letter … (0 comments)

REO PROPERTIES IMPACT COMMUNITIES - 04/06/09 01:56 PM
REO PROPERTIES IMPACT COMMUNITIES
Robert Klein, in his cover story for Servicing Management magazine, reports that "REO properties, accompanied by blight and crime, have afflicted nearly every U.S. community.  But with prudence and creativity, servicers can help resolve the problem."
We are reminded by constant new reports that the mortgage crisis continues and that it may be some time before the end of the current cycle. Millions of foreclosures have adversely impacted the residential market as well as the communities in which the foreclosures are located. It may take years before the lenders rid themselves of the ownership of REO properties … (0 comments)

MONTGOMERY COUNTY MD REO BACK ON MARKET AT REDUCED PRICE - 04/06/09 09:35 AM
MONTGOMERY COUNTY MD REO BACK ON MARKET AT REDUCED PRICE - LARGE HOME IN DICKERSON
If you previously contacted us when this home was offered at $749,000, you will be happy to know that it is back on the market at $497,000. It was under contract but did not go to settlement.
Prospective buyers must be pre-approved for mortgage financing.  Ask us for a referral to a loan officer.  We represent buyers as their exclusive agents.  Also, please contact us if you would like to receive reports on lender owned foreclosures in Montgomery County or Frederick County, Maryland. roykelley@mris.com
 
 
… (0 comments)

FUNDING UPGRADE OF NEWLY PURCHASED HOME - FHA STREAMLINED 203(k) IS THE SOLUTION - 04/05/09 03:01 PM
FUNDING UPGRADE OF NEWLY PURCHASED HOME - FHA STREAMLINED 203(k) IS THE SOLUTION
Home buyers are discovering that many of the properties in the current market need repairs, improvements and upgrades. Many of the home owners that are compelled to sell are experiencing financial difficulties and have not been able to do the normal maintenance work that is needed. Much of the housing inventory is composed of lender owned foreclosure (REO) with deferred maintenance or repair needs. As a result of these circumstances, a disproportionate number of the available homes need renovation and repairs. Home buyers are attracted to this inventory … (4 comments)

FREDERICK COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS - 04/05/09 01:05 PM
FREDERICK COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS
Trustee sales auctions are open to the public and all qualified bidders. Prospective buyers should carefully read the newspaper advertisements for the terms and conditions of the sales. The deposits must be in cash or certified funds. Those without experience or knowledge of the risks should seek professional advice.
Most of the homes that are sold at trustee sales are acquired 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 available lender owned foreclosures. We represent … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS - 04/05/09 01:00 PM
MONTGOMERY COUNTY MD TRUSTEE SALES, TIDEWATER AUCTIONS
Trustee sales auctions are open to the public and all qualified bidders. Prospective buyers should carefully read the newspaper advertisements for the terms and conditions of the sales. The deposits must be in cash or certified funds. Those without experience or knowledge of the risks should seek professional advice.
Most of the homes that are sold at trustee sales are acquired 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 available lender owned foreclosures. We represent … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/05/09 12:50 PM
FREDERICK COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure … (0 comments)

FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/05/09 12:40 PM
FREDERICK COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or reinstatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of the … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH - 04/03/09 01:09 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH
Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS - 04/03/09 12:31 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS
This is a busy period for foreclosure sales. Investors are looking for bargain prices.  Trustee sales are open to the public and all qualified bidders. The deposits must be in cash or certified funds. If you do have experience and know the risks, seek professional advice before placing any bids at these auctions. Always check for cancellations since bankruptcy filings or restatements may stop sales.
In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of … (0 comments)

MONTGOMERY COUNTY MD TRUSTEE SALES - HARVEY WEST - 04/02/09 02:44 PM
MONTGOMERY COUNTY MD TRUSTEE SALES - HARVEY WEST
Harvey West Auctioneers has scheduled a number of trustee sales in Montgomery County, Maryland.
Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure the the lender that the property is being purchased in 'as-is" … (0 comments)

REVERSE MORTGAGE FOR HOME PURCHASE - 04/02/09 01:28 PM
REVERSE MORTGAGE FOR HOME PURCHASE
Some senior home owners (age 62+) and most of their real estate agents know that Reverse Mortgages can be used to fund retirement expenses of any kind without the obligation of monthly payments that would be required with normal mortgage loans. The typical transaction is refinancing the current primary residence.
The new twist is to use a Reverse Mortgage to purchase another residence. Many mortgage lenders are now offering this option that will assist many seniors in their retirement years or times of reduced income. The new purchase must be for a primary residence. The current … (1 comments)

HOME OWNERS UNDER STRESS MAKING POOR FINANCIAL DECISIONS - 04/02/09 12:33 PM
HOME OWNERS UNDER STRESS MAKING POOR FINANCIAL DECISIONS
Many families are troubled by the current financial crisis. Thousands of home owners are distressed by their inability to cover the mortgage payments on their homes. Even in good times, home owners face the issues of job loss, divorce, medical expenses or death of the breadwinnner that can lead to financial difficulties. Currently, all are pounded with news reports of doom and gloom and that create even more pressure. It can be very difficult when you need to tell a child that you can no longer afford their private school or that the planned summer … (0 comments)

REO MARKETING OBSTACLES - 04/02/09 09:36 AM
REO MARKETING OBSTACLES
Mortgage Orb has Shelley Kaye of REOMAC as the person of the week in a discussion relating to lender owned foreclosures (REO). She identified the major marketing obstacles as those that occur when property repairs are needed or recommended and the lender owners do not want to make the needed improvements. The properties do not show well and that leads to price reductions and delays in the sales. Fixing up the properties will create a better first impression for the prospective purchasers.
Kaye's remarks reflect the issues we have experienced in selling REO homes. A high percentage of foreclosures … (0 comments)

FREDERICK COUNTY MD - LENDER OWNED FORECLOSURES - 04/01/09 04:48 PM
FREDERICK COUNTY MD - LENDER OWNED FORECLOSURES   
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/01/2009  Contact us for further price reductions.)  
REO properties are foreclosed homes that are now owned by lenders.  We represent purchaser clients as their exclusive  agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.    
The following are available REO homes. Prices are reduced until they are sold.  All of this information is subject to change or error.  HOA and Condo fees have … (0 comments)

MONTGOMERY COUNTY MD - LENDER OWNED FORECLOSURES - 04/01/09 11:36 AM
MONTGOMERY COUNTY, MD - LENDER OWNED FORECLOSURES
REO REPORT FROM ROY KELLEY & ASSOCIATES    
(Rev. 4/01/09 - Contact us for further daily price reductions.)  
Roy Kelley, RE/MAX Realty Group, Gaithersburg, MD 301-921-4569 roykelley@mris.com  
REO homes are foreclosures owned by lenders and other entities.
We represent clients as exclusive buyer agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.  Email us for a referral to a lender.  
The following are available REO homes. Prices are reduced until they are … (1 comments)

 
Img_2076 Rainmaker_large

Roy Kelley, Montgomery County, MD Homes For Sale

Gaithersburg, MD

More about me…

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

Email Me

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


Listings

Links

Archives

RSS 2.0 Feed for this blog