trustee sales: Buying a home at a Montgomery County, Maryland Trustee Sale - 08/01/13 08:47 PM
Buying a home at a Montgomery County, Maryland Trustee Sale
 
Home buyers are faced with a housing inventory shortage in Montgomery County, Maryland.  Multiple contract competition is very common.  Some prospective home buyers are asking if they should consider purchasing at Trustee Sales.  Trustee Sales are foreclosures auctions conducted at the courthouse entrance. Secured mortgage lenders direct the trustees to hold these sales after mortgage borrowers default on their debt obligations.  There are over 40 Montgomery County Trustee Sales advertised in today’s issue of The Washington Post.
Yes, there are definitely purchase opportunities at Trustee Sales but the risks … (9 comments)

trustee sales: Trustee Sales in Montgomery County, Maryland - 07/02/12 11:56 PM
Trustee Sales in Montgomery County, Maryland
Information for real estate investors   We receive many calls asking about trustee sales. These are the foreclosure auctions that take place at the court house entrance in each of the Maryland counties. Most of the real estate investors that track trustee sales use the following websites that provide information on the majority of the sales in the Maryland suburbs of Washington DC. Some trustees handle their own sales or use different auction companies.   Alex Cooper Auctioneers http://www.alexcooper.com/   Cohn, Goldberg, Deutsch http://www.cgd-law.com/   The Fisher Law Group http://www.first-legal.com/   Harvey West Auctioneers http://www.hwestauctions.com/ … (15 comments)

trustee sales: FAQ: Where are the lists of Maryland trustee sales? - 06/03/12 10:43 PM
Where are the lists of Maryland trustee sales?
Information for real estate investors. We receive many calls asking about trustee sales. These are the foreclosure auctions that take place at the court house entrance in each of the Maryland counties. Most of the real estate investors that track trustee sales use the following websites that provide information on the majority of the sales in the Maryland suburbs of Washington DC. Some trustees handle their own sales or use different auction companies. Alex Cooper Auctioneers http://www.alexcooper.com/ Cohn, Goldberg, Deutsch http://www.cgd-law.com/ The Fisher Law Group http://www.first-legal.com/ Harvey West Auctioneers http://www.hwestauctions.com/ Tidewater Auctions http://www.tidewaterauctions.com/ All of the trustee sales are also advertised … (15 comments)

trustee sales: FAQ: Do I need a pre-approval letter to bid on a trustee sale? - 06/03/12 08:17 PM
Do I need a pre-approval letter to bid on a trustee sale?
As the real estate market firms up in the Maryland suburbs of Washington, DC, we are receiving more questions on trustee sales that take place at the county court house in each Maryland county.
No, prospective buyers do not need to have a pre-approval letter from their mortgage lender in order to place bids at trustee sale auctions.  The auctioneer or trustee will probably ask to verify the funds that will cover the required deposit.
From the perspective of the seller, trustee sales are cash transactions.  They do not care … (25 comments)

trustee sales: FAQ: Are Maryland trustee sale properties available for viewing? - 06/03/12 06:39 AM
Are Maryland trustee sale properties available for viewing?
Prospective home buyers like to look at properties before submitting their offer.  When considering trustee sales, viewing the properties in not an available option.  The homes are still owned by the defaulting mortgage borrower and prospects do not have permission to visit the properties.
Many of the homes that are offered at trustee sales are still occupied.  When home owners are facing foreclosure, they are under great stress and do not always use good judgment in their actions.  So, we advise prospective buyers to drive by to take a look at the exterior but … (16 comments)

trustee sales: FAQ: How will the appraiser gain access to a Maryland trustee sale property? - 05/31/12 06:25 AM
How will the appraiser gain access to a Maryland trustee sale property?
In normal real estate transactions, appraisers make appointments to view the exterior and the interior of the property so their report can be submitted to the mortgage lender.
When the buyer is purchasing a trustee sale property, access is not available to the appraiser until after the buyer takes title and gains possession of the property.
Purchasers that plan to use mortgage financing to fund the purchase at settlement should be certain that their lender will not have a problem when the appraiser is not allowed on the property.  … (15 comments)

trustee sales: FAQ: Do I need a buyer agent to purchase at a Maryland trustee sale? - 05/29/12 11:49 PM
Do I need a buyer agent to purchase at a Maryland trustee sale?
Trustee sales are the foreclosure auctions that take place at the county court house in each Maryland county.  They are conducted by an auctioneer at the direction of the trustee under the terms of the deed of trust of the defaulted mortgage borrower.  There is no provision for a real estate commission to an agent that participates in the transaction.
Each prospective bidder will have to make their own decision as to whether they need to partner with a buyer agent.  Most of the successful purchasers at trustee … (13 comments)

trustee sales: Montgomery County, Maryland Foreclosure Sales (Rev. 8/8/11) - 08/08/11 05:11 AM
Montgomery County, Maryland Foreclosure Sales (Rev. 8/8/11)
In Maryland, foreclosure auctions are called trustee sales.  These sales are held at the county court house entrance and are open to the public and all qualified bidders.  In Montgomery County, a few major real estate auction companies conduct the majority of the sales.  Some trustees handle the sales theselves.  All of the sales are advertised for one time a week for three weeks before the scheduled auction.  The terms are set forth in the advertisements and trustees will answer any questions on the date of the sale.
These properties are not available for … (2 comments)

trustee sales: Montgomery County, Maryland Foreclosure Sales (Rev. 8/1/11) - 08/01/11 06:58 AM
Montgomery County, Maryland Foreclosure Sales (Rev. 8/1/11)
In Maryland, foreclosure auctions are called trustee sales.  These sales are held at the county court house entrance and are open to the public and all qualified bidders.  In Montgomery County, a few major real estate auction companies conduct the majority of the sales.  Some trustees handle the sales theselves.  All of the sales are advertised for one time a week for three weeks before the scheduled auction.  The terms are set forth in the advertisements and trustees will answer any questions on the date of the sale.
These properties are not available for … (7 comments)

trustee sales: Frederick County, Maryland Foreclosure Sales (Rev. 7/27/11) - 07/27/11 04:49 AM
Frederick County, Maryland Foreclosure Sales (Rev. 7/27/11)
In Maryland, foreclosure auctions are called trustee sales.  These sales are held at the county court house entrance and are open to the public and all qualified bidders.  In Frederick County, a few major real estate auction companies conduct the majority of the sales.  Some trustees handle the sales theselves.  All of the sales are advertised for one time a week for three weeks before the scheduled auction.  The terms are set forth in the advertisements and trustees will answer any questions on the date of the sale.
These properties are not available for inspection and … (4 comments)

trustee sales: Montgomery County, Maryland Foreclosure Sales (Rev. 7/26/11) - 07/26/11 02:58 AM
Montgomery County, Maryland Foreclosure Sales (Rev. 7/26/11)
In Maryland, foreclosure auctions are called trustee sales.  These sales are held at the county court house entrance and are open to the public and all qualified bidders.  In Montgomery County, a few major real estate auction companies conduct the majority of the sales.  Some trustees handle the sales theselves.  All of the sales are advertised for one time a week for three weeks before the scheduled auction.  The terms are set forth in the advertisements and trustees will answer any questions on the date of the sale.
These properties are not available for … (6 comments)

trustee sales: Frederick County, Maryland Foreclosure Auctions - 07/20/11 08:34 AM
Frederick County, Maryland Foreclosure Auctions
Maryland foreclosure auctions are called trustee sales.  They are open to the public and all qualified bidders and are held at the county court house entrance.   Prospective bidders that are not familiar with the process and the risks should seek professional assistance.  The required deposits must be in the form of cash or certified funds.  Personal checks are not accepted by the trustees or auctioneers.
Alex Cooper Auctioneers
Monday, July 25, 2011
Frederick County
11:15 AM - 6 Groff Ct., Middletown, 21769 Dep. $51,000. MHS
11:20 AM - 2108 Whitehall Rd., Unit #2C, Frederick, 21702 Dep. … (2 comments)

trustee sales: Montgomery County, Maryland Foreclosure Auctions - 07/20/11 06:42 AM
Montgomery County, Maryland Foreclosure Auctions
Maryland foreclosure auctions are called Trustee Sales and are held at the county court house.  Trustee Sales are open to the public and all qualified bidders.  Newspaper notices are published one time a week for three weeks before the sale date.  Prospective bidders should take time to fully understand the terms of the sales and the risks that are involved. 
Normally, interior inspections are not available for buyers, inspectors or appraisers.  Each advertisement indicates the required deposit which must be in the form of cash or certified funds.  The properties are sold in "as-is" condition and … (2 comments)

trustee sales: Montgomery County, Maryland Foreclosure Auctions - 07/11/11 03:05 AM
Montgomery County, Maryland Foreclosure Auctions
Maryland foreclosure auctions are called Trustee Sales and are held at the county court house.  Trustee Sales are open to the public and all qualified bidders.  Newspaper notices are published one time a week for three weeks before the sale date.  Prospective bidders should take time to fully understand the terms of the sales and the risks that are involved. 
Normally, interior inspections are not available for buyers, inspectors or appraisers.  Each advertisement indicates the required deposit which must be in the form of cash or certified funds.  The properties are sold in "as-is" condition and … (4 comments)

trustee sales: Prince George's County, Maryland Foreclosure Auctions - 07/06/11 06:31 AM
Prince George's County, Maryland Foreclosure Auctions
Maryland Foreclosure Auctions are called Trustee Sales.  When a mortgage borrower is in default, the lender will instruct the trustee under the deed of trust to conduct a trustee sale at the county court house steps. These auctions are open to the public and all qualified bidders.
The required deposits must be in the form of cash or certified funds.  Personal checks are not accepted. 
Alex Cooper Auctioneers
Blank spaces indicate cancelled sales.
Wednesday, July 6, 2011
Prince George's County
11:12 AM- 807 Postwick Pl., Bowie, 20716 Dep. $24,000. BGW
11:13 AM- 10400 46th Ave., … (5 comments)

trustee sales: Montgomery County, Maryland Trustee Sales - 07/06/11 04:24 AM
Montgomery County, Maryland Trustee Sales
When mortgage borrowers default on their payment obligations, the secured lenders take collection actions.  In Maryland, the trustee sales are part of the foreclosure process.  The sales are held at the county court house and are open to the public and all qualified bidders.
Alex Cooper Auctioneers
The required deposits must be in the form of cash or certified funds.  Personal checks are not accepted.  Blank spaces are cancelled sales.
Friday, July 8, 2011
Montgomery County
11:30 AM- 17705 Larchmont Terr., Gaithersburg, 20877 Dep. $32,000. BGW
11:31 AM- 25109 Woodfield Rd., Damascus, 20872 Dep. $54,000. BGW
… (3 comments)

trustee sales: Prince George's County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Cohn, Goldberg, Deutsch - 06/30/11 07:18 AM
Prince George's County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Cohn, Goldberg, Deutsch
Maryland foreclosure auctions are conducted at the county court houses when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. 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 homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks … (8 comments)

trustee sales: Prince George's County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Harvey West Auctioneers - 06/30/11 07:13 AM
Prince George's County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Harvey West Auctioneers
Harvey West Auctions, Auctioneers conducts trustee sales at the county court house entrance.
Trustee sales auctions are open to the public and all qualified bidders. These sales are foreclosures by the secured mortgage lenders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. The required deposits must be in the form of cash or certified funds. Most of the bidders use cashier's checks that are payable to themselves and endorse the checks when they are successful. Always check for cancellations … (7 comments)

trustee sales: Prince George's County, MD Trustee Sales, Foreclosure Auctions, Homes For Sale - Alex Cooper Auctioneers - 06/30/11 07:07 AM
Prince George's County, MD Trustee Sales, Foreclosure Auctions, Homes For Sale - Alex Cooper Auctioneers
Trustee sale auctions are held at the front of the county court houses in Maryland. Trustee sales are open to the public and all qualified bidders. These auctions of homes for sale are ordered by the secured mortgage lenders when borrowers default on their payment obligations. The indicated deposits must be in cash or certified funds. Most of the bidders use cashier's checks payable to themselves. Prospective bidders should carefully read the newspaper advertisements that appear for three weeks before the sales dates. If you … (8 comments)

trustee sales: Montgomery County, MD Foreclosure Auctions By Alex Cooper Auctioneers & Kentlands Flower Photographs - 06/27/11 08:25 AM
Montgomery County, MD Foreclosure Auctions By Alex Cooper Auctioneers & Kentlands Flower Photographs 
Trustee sale foreclosure auctions are conducted at the county court house. These sales are ordered by the secured mortgage lenders when borrowers default on their payment obligations. The required deposits must be in cash or certified funds. Prospective bidders should carefully read the newspaper advertisements that appear for three weeks before the sales dates. Seek professional advice before placing any bids on homes for sale at these real estate auctions.
Always check for cancellations since bankruptcy filings or reinstatements may stop sales. Normally, these properties are not offered for inspection. Purchasers … (1 comments)

 


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