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foreclosures: TRUSTEE SALES - FREDERICK COUNTY, MARYLAND - ALEX COOPER AUCTIONEERS - 10/02/08 02:00 PM
The surge of foreclosures continues in Frederick County
TRUSTEE SALES - FREDERICK COUNTY, MARYLAND
The following trustee sales auctions are posted by Alex Cooper Auctioneers at their website:  www.alexcooper.com  This is one of the several auction companies that conduct trustee sales.
Trustee sales are open to the public and all qualified bidders. The … (0 comments)

foreclosures: 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 … (0 comments)

foreclosures: 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 … (0 comments)

foreclosures: 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 … (0 comments)

foreclosures: 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 … (0 comments)

foreclosures: 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 … (0 comments)

foreclosures: REO PRICE REDUCTION - 11944 BAMBI CT, GAITHERSBURG, MD 20878 - 08/31/08 02:34 PM
 REO PRICE REDUCTION - QUINCE ORCHARD MANOR, GAITHERSBURG, MARYLAND
September home buyers will find bargain prices on the list of lender owned homes in Montgomery County, MD. The lenders have an excess inventory of owned properties and are reducing the prices until they are sold.
Many families are using FHA financing for the low cash … (0 comments)

foreclosures: WOULD YOU INVITE YOUR LOAN OFFICER TO DINNER? - 08/31/08 02:00 PM
WOULD YOU INVITE YOUR LOAN OFFICER TO DINNER?  
Home buyers are finding that the changes in underwriting requirements have created a more limited selection of mortgage loan products. And, for many, it is much more difficult to finance a home purchase.  
However, we find that many buyers are not taking … (0 comments)

foreclosures: MONTGOMERY VILLAGE REAL ESTATE ACTIVITY - 08/31/08 01:20 PM
MONTGOMERY VILLAGE REAL ESTATE ACTIVITY  
The bad news about residential real estate in Montgomery Village is the large numbers of foreclosures and the resulting lender owned homes. The surge in foreclosures on mortgage loans originated in 2005, 2006 and 2007 has created this adverse situation.  
The good news is … (0 comments)

foreclosures: ASHTON VILLAGE REO - 5 ORION CLUB DR, ASHTON, MD 20861 - 08/30/08 11:52 AM
 ASHTON VILLAGE REO - ASHTON, MARYLAND Bargain hunters make note.  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD,  The result of the surge in foreclosures is that the lenders now own an excessive number of properties.  The lenders are highly motivated sellers and are reducing the prices … (0 comments)

foreclosures: NEW COUNTRYWIDE REO LISTING - 18419 HALLMARK CT, GAITHERSBURG, MD 20879 - 08/29/08 01:31 PM
NEW COUNTRYWIDE REO LISTING - GAITHERSBURG, MARYLAND September home buyers need to watch the inventory of lender owned homes in Montgomery County for home purchase bargains.  The lenders have a surplus supply of owned foreclosures and are very anxious to sell them quickly.  Talk with us about making offers on REO properties.  … (0 comments)

foreclosures: NEW COUNTRYWIDE REO LISTING - 13205 DUMBARTON DR, ROCKVILLE, MD 20853 - 08/29/08 01:25 PM
NEW COUNTRYWIDE REO LISTING - ROCKVILLE, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Montgomery County for home purchase bargains.  The lenders have a surplus supply of owned foreclosures and are very anxious to sell them quickly.  Talk with us about making offers on REO properties.  … (0 comments)

foreclosures: Maryland Foreclosures - Chevy Chase REO Bargain - 05/27/08 03:37 PM
In Chevy Chase, Maryland, you have found a bargain if you find a lot for under $540,000.  In this case, the lot comes with a home as well. The previous owner purchased this property in October, 2007 for $772,000. Now the home is offered as a lender owned foreclosure at $539,900. You may … (0 comments)

foreclosures: Montgomery Village Impacted by Foreclosures Surge- Montgomery County, Maryland - 04/11/08 01:16 PM
Montgomery Village is being impacted by the current surge of foreclosures and the resulting lender owned homes. Most of the foreclosures are on loans made in 2005, 2006 and 2007. This has created a buyers market.  It is a good time for investors and first time buyers to be looking for home … (1 comments)

foreclosures: New Maryland Foreclosure Process - 04/08/08 11:50 AM
New Maryland Foreclosure Process Governor O'Malley Signs Emergency Legislation to Protect HomeownershipForeclosure Law Summary                                                   SB 216/HB 365 - Foreclosure ProcessRequires a mortgage or other security instrument on residential property to contain the license number of a mortgage originator or mortgage lender.  This provision would allow regulators to track which mortgage providers have … (0 comments)

foreclosures: Home Savvy Magazine From Roy Kelley & Associates - 04/02/08 09:56 AM
We provide the Home Savvy Magazine to our clients each month. This is a copy of the link that we are emailing today.  Home Savvy Magazine is an excellent product and we recommend it to other real estate professionals.
April, 2008 Home Savvy Magazine From Roy Kelley & Associates  
This is … (0 comments)

foreclosures: MontgomeryCounty, MD Foreclosures Sales Volume Still Very High - 03/30/08 12:27 PM
 
The large numbers of trustees sales at the Montgomery County, MD court house steps is fueling the surge of lender owned foreclosures in the market. This conditon will continue to impact the real estate market for all buyers and sellers.  
Many of these homes have deferred maintenance due to the … (0 comments)

foreclosures: Montgomery County, Maryland Lender Owned Foreclosures - 03/30/08 11:46 AM
The continued surge in the number of foreclosures has created an unusually attractive window of opportunity for real estate purchasers in the Maryland suburbs of Washington, DC. This is the Lender Owned Foreclosures Report that we emailed to our clients.  
Lender Owned Foreclosures in Montgomery County, MD  (Rev. 3/24/08)
(Contact us for further … (3 comments)

foreclosures: Montgomery County, Maryland Lender Owned Foreclosures Auction Scheduled For April 26, 2008 - 03/30/08 11:28 AM
The REO auction scheduled by Hudson & Marshall for April 26,2008 at 1:00 PM  includes several lender owned homes that were acquired by foreclosures in Montgomery County, MD.  The auction will take place at the Sheraton National Hotel in Arlington, VA.     Roy Kelley & Associates at RE/MAX Realty Group will provide … (0 comments)

foreclosures: Wall Street Journal: U.S. Officials Warn of Scams Targeting Homeowners - 03/25/08 02:43 PM
 Today's Wall Street JournalFederal officials say a wave of opportunistic scams are targeting homeowners trying to avoid foreclosure in the current housing downturn. Monday, prosecutors in California unsealed twin cases against 19 people who, according to agents from the Federal Bureau of Investigation and the Internal Revenue Service, skimmed nearly $13 … (0 comments)

foreclosures: Wall Street Journal: Foreclosure Rate Outpaces Sales by Lenders - 03/25/08 02:29 PM
 From today's Wall Street Journal:Foreclosures are occurring at the highest rate in decades -- and as a result, lenders are acquiring homes faster than they can sell them off.As of the end of last year, about 2% of all home loans were in foreclosure, or double the average rate over the … (2 comments)

foreclosures: Wave of Foreclosures Drives Prices Lower - 03/25/08 01:51 PM
  Front Page of today's Wall Street JournalWave of Foreclosures Drives Prices Lower, Lures BuyersA glut of foreclosed homes of historic proportions is starting to drive down U.S. home prices faster as lenders put more properties on the market and buyers show signs of interest.URL for this article:http://online.wsj.com/article/SB120640573882561087.html … (1 comments)

foreclosures: Home Sales Still Lagging in Carroll County, MD - 03/25/08 10:06 AM
The Frederick News Post reports today that home sales are still lagging in Carroll County, MD.      The following report shows the average sales price as a percentage of the average list price as 88.63%.  The average days on the market was 148.  The total number of homes sold was … (0 comments)

 
Real Estate Agent: Roy Kelley (RE/MAX Realty Group)
Roy Kelley
Gaithersburg, MD
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RE/MAX Realty Group

Office Phone: (301) 921-4569
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Comments from an associate broker with over 40 years of experience in the residential real estate field. REO and foreclosures expert in Maryland.