Fernando Herboso-Real Estate in Maryland

Short Sales And Foreclosures Maryland - Short Sale & Foreclosure Report for Montgomery (MOCO) and Frederick (FRECO) Counties

Sat, 21 Nov 2009 07:07:56 -0600

Foreclosures MD Maryland Region. . .

   Montgomery County - Frederick County
   WEEKLY MARKET REPORT for All:

   FORECLOSURES and SHORT SALES

FRECO (Frederick County) and MOCO(Montgomery County) in MD

Foreclosures Report for the month of NOVEMBER 2009 (as of Nov.21th, 2009)

Trulia, Inc. has announced that 25.6% of homes currently on the market in the United States as of November 1, 2009

have experienced at least one price cut during the past 12 months. More than 40% of the top 50 major metros across

the U.S. are experiencing price reduction levels above 30%, significantly higher than the national average.

Please call Fernando to help you strategize your particular mortgage problem. . 240-898-1848 xt #1

This is a complete weekly report for our neck of the woods. .
with the latest data taken for the MRIS for
all FORECLOSURES. . . including Bank Owned Properties,
REO'S and Auction Properties in Montgomery County and Frederick County
in Maryland


FORECLOSURES SOLD in MONTGOMERY COUNTY in 2009

FORECLOSURES SOLD so far in NOV. 2009 : 66
FORECLOSURES SOLD in OCTOBER 2009 : 152
FORECLOSURES SOLD in SEPTEMBER 2009 :  113
FORECLOSURES SOLD in AUGUST 2009 : 139
FORECLOSURES SOLD in JULY 2009 : 126
FORECLOSURES SOLD in JUNE 2009 : 194
  FORECLOSURES SOLD in MAY 2009 : 173
MOCO FORECLOSURES SOLD so far in 2009 : 1294

"For June 2009 over 30% of SOLD properties in the US
where DISTRESSED PROPERTIES"

FORECLOSURES SOLD in FREDERICK COUNTY in 2009
   FORECLOSURES SOLD so far in NOV. 2009 : 27
FORECLOSURES SOLD in OCTOBER 2009 : 40
FORECLOSURES SOLD in SEPTEMBER 2009 :  45
   FORECLOSURES SOLD in AUGUST 2009 : 51
   FORECLOSURES SOLD in JULY 2009 : 60
FORECLOSURES SOLD in JUNE 2009 : 72
  FORECLOSURES SOLD in MAY 2009 : 66
   FRECO  FORECLOSURES SOLD so far in 2009: 445

pssstt. . we have just completed a list of foreclosures for both these counties. ..want one?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-----------------------

Should I Keep On Paying For My Mortgage If I do a Short Sale?

This is a loaded question for a lot Realtors

Richard P. Zaretsky, Esq. an attorney shares with us his thoughts about homeowners contemplating a short sale "should I keep on paying my mortgage"

The homeowner is the only person that should make the decision. . .but if you are asking the bank to accept a short sale. .

WHERE IS THE HARDSHIP?? If you are UP TO DATE ON YOUR MORTGAGE? . .

In another words. . WHERE IS THE BEEF? See Rest Of The Article

Call me for a consultation
----------------------

SHORT SALES SOLD in MONTGOMERY COUNTY in 2009


  Short Sales SOLD so far in NOV. 2009 : 66
Short Sales SOLD in OCTOBER 2009 : 91
Short Sales SOLD in SEPTEMBER 2009 : 108
SHORT SALES SOLD in AUGUST 2009 : 105
   SHORT SALES SOLD in JULY 2009 : 111
   SHORT SALES SOLD in JUNE 2009 : 123
SHORT SALES SOLD in MAY 2009 : 92
MOCO SHORT SALES SOLD so far in 2009 : 789

FACT : You should try a loan modification first before a short sale. . .

SHORT SALES SOLD in FREDERICK COUNTY in 2009
   Short Sales SOLD so far in NOV. 2009 : 17
   Short Sales SOLD in OCTOBER 2009 : 34
   Short Sales SOLD in SEPTEMBER 2009 : 26
   SHORT SALES SOLD in AUGUST 2009 : 24
   SHORT SALES SOLD in JULY 2009 : 21
   SHORT SALES SOLD in JUNE 2009 : 32
   SHORT SALES SOLD in MAY 2009 : 31
FRECO SHORT SALES SOLD so far in 2009 2009 : 217

HELP HERE
>

Doing this report in a weekly basis, we keep the pulse of the market in the Maryland Region

and the massive supply of homes in the PRE-FORECLOSURE process will continue to grow for months to come . .

please email me if you have any questions
Fernando@Herboso.com

I want you to know that you may call me for any reason. And please let me know
if a friend, family member or neighbor needs a caring, competent real estate
professional to help in buying or selling. I truly appreciate your friendship and referrals. My direct number is 240-426-5754

CONTACT US :    By Phone 240-898-1848 xt #1 (short sales)
240-898-1848 xt #2 (foreclosures)
     By email Fernando@Herboso.com

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for Quince Orchard Neighborhoods in Gaithersburg MD in Montgomery County

Sat, 21 Nov 2009 06:41:36 -0600

Homes For Sale Gaithersburg MD 20878

Homes For Sale Gaithersburg MD 20878

  Quince Orchard Manor, Quince Orchard Knolls, Quince Orchard Park

Homes Townhouses and Condos For Sale

   Gaithersburg Maryland
Weekly Stats FOR ALL Homes for Sale in
   Quince Orchard Neighborhoods in
   Gaithersburg Maryland 20878

Market Report for all the market activity in:

Quince Orchard Manor

Quince Orchard Knolls

Quince Orchard Park

* All Single Family Homes for sale in Quince Orchard Manor
* All Single Family Homes for sale in Quince Orchard Knolls
* All Single Family Homes for sale in Quince Orchard Park
    Including:
* All Foreclosures in Gaithersburg
* All Short Sales in Gaithersburg
* All distressed properties included in this report
This market report below is for the month of November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.

We have a new prepared list of foreclosures for Montgomery County. . send me an email for a copy. . . Fernando@Herboso.com

If you are new to the area. . this neighborhood is very convenient because it's proximity
to Washington DC and The Kentlands at a lower price.
Shopping and Entertainment galore, The Kentlands and Rio are nearby.
All Quince Orchard neighborhoods offer the convenience of nearby community parks, acres of open space,
clubhouses with pools and tennis courts, hiking and biking trails and plenty schools.
Here’s what’s happening in Quince Orchard. The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 13 homes available to buy in all of Quince Orchard.
At the same time, only one home have sold this month so far.
There are 5 properties currently under contract.
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

Total Number Of SOLD FOR NOVEMBER SO FAR: 1
   Total Number Of SOLD FOR OCTOBER : 6

Number Of SOLD FOR SEPTEMBER :  5

       Total Number Of SOLD FOR AUGUST : 6
     Total Number Of SOLD FOR JULY : 4
    Total Number Of SOLD FOR JUNE : 9
    Total Number Of SOLD THIS YEAR SO FAR : 37



  For Homes in Quince Orchard Gaithersburg MD 21708



I want you to know that you may call me for any reason. And please let me know
if a friend, family member or neighbor needs a caring, competent real estate
professional to help in buying or selling. I truly appreciate your friendship and referrals. My direct number is 240-426-575

Homes For Sale Gaithersburg MD

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Montgomery Village Homes For Sale in Maryland 20886 - Real Estate Market Report

Sat, 21 Nov 2009 06:30:56 -0600

Homes and Condos For Sale in Montgomery Village Maryland 20886

Homes and Condos For Sale in
Montgomery Village Maryland

Weekly Stats FOR ALL Homes for Sale in Montgomery Village

Maryland 20886

Market Report for all the market activity for the following neighborhoods in:

Montgomery Village 20886

Apple Ridge,Charlene,Christopher Court,ClubsideFairidge, Fairway Island, Goshen Overlook, Holly Pointe
Kingspoint, McKendrie,McRory,Meadowgate,Mills Choice,Nathans Hill,Normandie On Lake,Overlea,Partridge Place
Prathertown,Ridgefield,Rosewood Estates,Salems Grant,Shadow Oak, Stedwick (a neighborhood under Montgomery Village)
Stewart Town,Suffolk Place,Thomas Choice West,Walkers Choice,Walkers Ridge,Watkins Mill and Whetstone

This market report is COMPLETE and includes :

        * All CONDOS for sale in Montgomery Village
    * All Foreclosures in Montgomery Village
    * All Short Sales in Montgomery Village
       * All distressed properties are included in this report

This market report below is for the first week of November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.

I'm including all of the homes that are under contract. This week we are working with Asset Maangers and we have an order of 50+ Foreclosures for MD and VA
This is to pave our way for obtaining REO properties to find and control the best bargains out there.. .you get front row seat by going to www.Herboso.com .. .or click on the Hummer below.

If you are new to the area. . this neighborhoods are very convenient because it's proximity
to the Metro (Shady Grove), plus
Shopping and Entertainment galore!! Lake Forest Mall is in the west side of MV.

HELP HERE

SHORT SALES
SHORT SALES
SHORT SALES

There are 109 properties under contract in Montgomery Village at this moment. .
MOST OF THEM ARE WAITING FOR BANKS APPROVALS.
SHORT SALES take a little more time. .. but the bargains are still there!
Here’s what’s happening in Montgomery Village

Total Number Of SOLD FOR NOVEMBER SO FAR: 14
Total Number Of SOLD FOR OCTOBER : 32

Number Of SOLD FOR SEPTEMBER : 31
Total Number Of SOLD FOR AUGUST SO FAR : 35

Total Number Of SOLD FOR JULY : 48
Total Number Of SOLD FOR JUNE: 33
Total Number Of SOLD THIS YEAR SO FAR : 295

For Homes in Montgomery Villge MD 20886

I want you to know that you may call me for any reason. And please let me know
if a friend, family member or neighbor needs a caring, competent real estate
professional to help in buying or selling. I truly appreciate your friendship and referrals. My direct number is 240-426-5754

Montgomery Village Homes For Sale

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Bank of America Short Sale in 7 days? Could it Be True?

Fri, 20 Nov 2009 08:22:14 -0600

Short Sales Maryland

Andy Tolbert reported in July 2009 that Bank Of America was rolling out a new program in August that will help them to approve a short sale in SEVEN DAYS???!!

Here it is. .NOVEMBER 2009 and Bank Of America still not able to handle short sales in a timely manner

Bank Of America put one of my clients unnecessarily into foreclosure. His whole family will pay dearly for the next 5 years. . read the whole story here

Just because one person did not make one SIMPLE PHONE CALL !

Via Foreclosure Specialist Andy Tolbert (HD Realty/Compass Real Estate Seminars):

I read a really interesting article today in the Washington Post. It has some very interesting stats on short sales.

Did you know that 60% of APPROVED short sales don't close?

Did you know you can't "bribe" a lender to work on your file faster?

would you believe Bank of America is supposedly rolling out a program next month to approve short sales in 7 days?!?

I'll just sit here (on hold with Bank of America) and hold my breath.

Here's a link to the article, it's a good read!

RESOURCES:

For Real Estate Agents: Subscribe to my weekly e-zine at www.AndyTolbert.com

For Homeowners: BeforeYouShortSale.com and SeminoleCountyForeclosureBlog.com

For Investors: IRCFlorida.com

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Condos For Sale in Bethesda Maryland 20814 - All Condos Near the Metro - Featuring The Promenade, The Chase at Bethesda, The Kenwood and The Christopher

Fri, 20 Nov 2009 08:01:49 -0600

Condos For Sale Bethesda MD 20814

Condos For Sale Bethesda MD 20814
Condos in Bethesda BEST LOCATIONS! Maryland
The Promenade, The Christopher, The Chase at Bethesda
and The Kentwood in BETHESDA Maryland
Weekly Stats
FOR ALL THESE CONDOS near the Metro in

BETHESDA Maryland 20814

Market Report for all the CONDOS For Sale in
BETHESDA Maryland
20814

    * The Promenade
    * The Christhoper
    * The Chase At Bethesda
    * The Kenwood
    * Including all FORECLOSURES AND SHORT SALES FOR BETHESDA

This market report below is for November 2009.(11/21/2009) This includes all Active Homes
including SHORT SALES and FORECLOSURES.

I'm including all of the CONDOS that are under contract.
If you are new to the area. . this neighborhood is very convenient because it's
proximity to the Beltway that circles Washington DC and the Metro.
There is an influx of first time home buyers looking for these condos
at a very reasonable prices.

Here’s what’s happening in your neighborhood.

The real estate market activity during this month around Bethesda seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 16 condos available to buy in all these Condos in Bethesda Maryland.
At the same time, 1 condo have sold this month so far in all of these four buildings. . Also there are only 8 properties under contract status .
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream condo by the metro

The Sugarloaf Crafts Festival in Gaithersburg

November 20, 21, 22, 2009

Montgomery Co. Fairgrounds

GAITHERSBURG, MARYLAND

Fri. & Sat. 10-6, Sun. 10-5 • Under 12 & Parking FREE • Open Rain or Shine

Lovers of fine crafts and art will find more than 350 top artisans displaying and selling their unique creations in pottery, sculpture, glass, jewelry, fashion, home décor, furniture and home accessories, items for the garden, and photography. In addition to top national artists, the Festival will also introduce new and emerging artists showcasing the latest trends in handmade fashion and accessories, statement jewelry and fine art.

The Sugarloaf Crafts Festival in Gaithersburg

Tigre also has a brand new list JUST PREPARED of PRE-FORECLOSURES for this neighborhood.
All condos for sale in Bethesda MD
If you want a copy. .
Just request it here.

Total Number Of SOLD FOR NOVEMBER SO FAR : 1
Total Number Of SOLD FOR OCTOBER : 12
Total Number Of SOLD FOR SEPTEMBER: 2

Total Number Of SOLD FOR August : 5

Total Number Of SOLD FOR JULY : 7
Total Number Of SOLD FOR JUNE: 9
Total Number Of SOLD THIS YEAR SO FAR : 53

Selling Your Condo in Bethesda?
We know marketing. .
We know the local market. .
we know how to bring buyers to Bethesda!
Now you have our number. .
240-898-1848 xt 1

For Condos in Bethesda MD 208514

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Rockville MD Homes For Sale 20851 - Real Estate Market Report for Twinbrook neighborhoods in Rockville MD Montgomery County

Fri, 20 Nov 2009 07:42:54 -0600

Rockville MD Homes For Sale 20851

Rockville MD Homes For Sale 20851
Twinbrook and Twinbrook Forest in Rockville Maryland
All Homes for sale in Rockville MD Twinbrook
Plus Weekly Stats
Rockville Maryland 20851

Market Report for all Homes For Sale in Twinbrook and
Twinbrook Forest in Rockville Maryland 20851

All Homes For Sale in Twinbrook & Forest
All Foreclosures in Twinbrook & Forest
All Short Sales in Twinbrook & Forest
All Hud Homes in Twinbrook & Forest
All Rent With Option To Buy in Twinbrook & Forest

Also Search Below for

* All Foreclosures in Rockville
* All Short Sales in Rockville
* All distressed properties included in this report

This market report below is for November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.

I'm including all of the homes that are under contract.
Twinbrook Neigborhoods in Rockville Maryland was founded in the early 1950's
This neighborhood is surrounded by convenience in transportation, shopping
and it's proximity to downtown Washington DC .
The exact location is between Aspen Hill and Rockville Center.

________________

The Sugarloaf Crafts Festival in Gaithersburg

November 20, 21, 22, 2009

Montgomery Co. Fairgrounds

GAITHERSBURG, MARYLAND

Fri. & Sat. 10-6, Sun. 10-5 • Under 12 & Parking FREE • Open Rain or Shine

The Sugarloaf Crafts Festival in Gaithersburg

________________________________

Here’s what’s happening in your neighborhood.

The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 13 homes available to buy in all Twinbrooks neighborhood.
At the same time, 2 homes have sold this month so far. Also there are 12 properties under contract status .
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

Don't let this happen to you. .

Keep your 401K, don't spend it on a bad mortgage, there are other options www.Short-Sales-Expert.com

Total Number Of SOLD FOR NOV so far : 2
Total Number Of SOLD FOR OCTOBER : 9

Total Number Of SOLD FOR SEPTEMBER : 6

Total Number Of SOLD FOR AUGUST : 8

Total Number Of SOLD FOR JULY : 8
Total Number Of SOLD FOR JUNE: 6
Total Number Of SOLD THIS YEAR SO FAR : 60

For Homes in Twinbrook Rockville MD 20851

Homes for sale

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Sugarloaf Crafts Festival in Gaithersburg This Weekend

Fri, 20 Nov 2009 04:49:02 -0600

The SUGARLOAF Crafts Festival In Gaithersburg

November 20, 21, 22, 2009

Montgomery Co. Fairgrounds

GAITHERSBURG, MARYLAND

Fri. & Sat. 10-6, Sun. 10-5 • Under 12 & Parking FREE • Open Rain or Shine

The Sugarloaf Crafts Festival in Gaithersburg also features interactive demonstrations with master craftspeople. Many of the talented artists at the show will introduce visitors to how they create their art; demonstrations include wheel thrown pottery, wood turning and metal spinning.

The show features speed painting by Splash Animals. It's an award winning experience that combines art, music, choreography. You’ll also find live music by Ngu Mbandi, Bob Geresti, Don Thomas and Stan and LeeAnne. Middle Earth’s costume storytelling returns, providing popular children’s entertainment

FOOD- MUSIC -ARTS-FUN
Discount admissions coupons here

Directions here. .

More Info

We are the source for all Gaithersburg Active Homes
including SHORT SALES and FORECLOSURES.

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Rockville MD Homes For Sale 20853 - Real Estate Market Report for Aspen Hill neighborhood in Rockville MD Montgomery County 20853

Thu, 19 Nov 2009 05:56:58 -0600

Homes For Sale in Rockville Maryland 20853 Montgomery County

Homes For Sale in Rockville Maryland 20853
All Aspen Hill Park Homes for Sale and Market Report
"Just get on Veirs Mill Rd and sudddenly you are on the beltway. .
transportation convenience is the major attraction for Aspen Hill Park "
Rockville Maryland 20853

Market Report for all Homes For Sale in Aspen Hill Park
in Rockville Maryland 20853

All Homes For Sale in Aspen Hill Park

All Foreclosures in Aspen Hill Park

All Short Sales in Aspen Hill Park

All Hud Homes in Aspen Hill Park

All Rent With Option To Buy in Aspen Hill Park

Also Search Below for

* All Foreclosures in Rockville
* All Short Sales in  Rockville
* All distressed properties included in this report

This market report below is for the month of November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.

I'm including all of the homes that are under contract.
Note: Aspen Hill Park in Rockville MD has currently 6 Active Listings and 17 under contract
If you are new to the area. . this neighborhood is very convenient because it's proximity to
the Beltway that circles Washington DC

We have just finished preparing a list of pre-foreclosured properties in Rockville MD
including all condos for sale in rockville MD
Give me a call if you want a copy. . .240-898-1848 xt #1

Homes For Sale Rockville MD

~

Number of ACTIVES homes for sale

      in Rockville's Aspen Hill Park : 6

Number of Homes under Contract :   17

~

Total Number Of SOLD FOR NOV. so far :  1

  Total Number Of SOLD FOR October   :   7

Total Number Of SOLD FOR SEPTEMBER :   3
Total Number Of SOLD FOR AUGUST :   5
   Total Number Of SOLD FOR JULY :   8
Total Number Of SOLD FOR JUNE: 7
Total Number Of SOLD THIS YEAR SO FAR : 31



   For Homes in Aspen Hill Park Rockville MD 20853

I want you to know that you may call me for any reason. And please let me know
if a friend, family member or neighbor needs a caring, competent real estate
professional to help in buying or selling. I truly appreciate your friendship and referrals. My direct number is 240-426-5754


Homes for Sale Rockville MD

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for the LAKELANDS Neighborhood in Gaithersburg MD in Montgomery County

Thu, 19 Nov 2009 05:46:14 -0600

Homes For Sale Gaithersburg MD 20878 Montgomery County

Homes For Sale Gaithersburg MD 20878

Gaithersburg MD LAKELANDS Homes For Sale plus
Neighborhood Market Stats

"I love the Lakelands neighborhod for it's uniqueness and convenience. . .

You must consider buying a home in Lakelands if you want an elite location"

Gaithersburg Maryland 20878

Market Report for all Homes For Sale in the LAKELANDS
located in Gaithersburg Maryland 20878

LAKELANDS Single Family Homes

LAKELANDS Foreclosures

LAKELANDS Townhouses and Condos

* All Foreclosures in Gaithersburg's Lakelands
* All Short Sales in Gaithersburg's Lakelands
* All distressed properties included in this report

This market report below is for the second week of November 2009. This includes all Active Homes for sale
including SHORT SALES and FORECLOSURES.
Also I'm including all of the homes that are under contract.

Here’s what’s happening in the Lakelands today. .

Gaithersburg Winter Lights Festival Back for its 14th Season

For thirteen years the City of Gaithersburg’s Winter Lights Festival has dazzled audiences throughout the Washington metropolitan area. It’s back for its fourteenth season, ready to welcome thousands to enjoy the traditional 3.5 mile drive through a magically transformed Seneca Creek State Park.

But first, enjoy a sneak preview of the lights when you drive through the park on Saturday or Sunday, November 28 or 29. During the two-day premiere the festival will be open from 6 to 10 p.m. Admission is $14 per car.

Ok, back to the Real Estate Market: The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 16 homes available to buy in Lakelands
and 3 homes were sold so far this month.
A total of 9 homes are under contract.
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

Homes For Sale Gaithersburg MD

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Number of ACTIVES homes for sale

in Gaithersburg's LAKELANDS : 16

Number of Homes under Contract : 9

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Total Number Of SOLD FOR NOV. so far : 3

Total Number Of SOLD FOR OCTOBER : 6
Total Number Of SOLD FOR SEPTEMBER : 8

Total Number Of SOLD FOR AUGUST : 9

Total Number Of SOLD FOR JULY : 15
Total Number Of SOLD FOR JUNE: 5
Total Number Of SOLD THIS YEAR SO FAR : 67

For Homes in Lakelands Gaithersburg MD 21708

Homes for Sale Lakelands Gaithersburg MD

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

SHOULD I PAY MY MORTGAGE? WHEN SHOULD I STOP PAYING MY MORTGAGE?

Wed, 18 Nov 2009 08:41:27 -0600

Short Sales In Maryland

Richard P. Zaretsky, Esq. an attorney shares with us his thoughts about homeowners contemplating a short sale "should I keep on paying my mortgage"

This is a loaded question for a lot Realtors . . I'm glad to share the same opinion that Richard has in his article. .

The homeowner is the only person that should make the decision. . .but if you are asking the bank to accept a short sale. . WHERE IS THE HARDSHIP?? If you are UP TO DATE ON YOUR MORTGAGE? . .

In another words. . WHERE IS THE BEEF?

Via Richard Zaretsky, Florida Real Estate Attorney (Richard P. Zaretsky P.A. ):

This seems to be THE NUMBER ONE question I get. Unfortunately there are several answers and which is correct for you depends on the Circumstances. I will address the common scenarios in this article.

Policy in my office is to never "tell" - as in "instruct" - our borrower client to pay or not to pay their mortgage. Paying or not paying has a lot of collateral effects and the borrower needs to know what they are before making the decision. We don't make the decision for the borrower (our client) because the effects of paying or not paying are not going to affect me - but they will affect the client, so it is the client that must make the final decision.

Let me make one issue clear - when we are hired to help facilitate a short sale or loan modification it is far easier for us to negotiate with the lender if the payments are late, but it is almost never a requirement. The exceptions to which will be discussed later in this article. Additionally, internal rules change at the banks constantly. A new client came in totally frustrated. They called their bank to help with a modification and the bank said they could not address their situation until they were at least 60 days late. So the near perfect (800+) credit score couple stopped paying for 60 days and then called the bank back. Now the bank says that because they are 60 days late they cannot speak to them about a modification! The point is, if you don't have to be late then why voluntarily create a late payment credit history that will adversely affect your credit-dependent life almost immediately and for years to come?

SO LET'S GET INTO IT - Danger - this is a long article and it covers a lot of ground!

Short Sale:

A borrower that is current and contemplating a short sale wonders if they should stop paying their (first) mortgage. They are upside down and until now they have been current. However they are paying the mortgage at a cost of not paying other bills. (Other or different facts may be that they are paying all their bills but taking the money from savings or a pension fund to make those payments, or they are borrowing money from another equity loan).

Generally, it is not a good idea to get into debt to pay your mortgage, unless you have a solid plan to both (i) keep the mortgage current and (ii) repay the additional indebtedness you are creating. It is not like taking from one pocket to put into another - it is more like taking from someone else's pocket to pay your bills. This would include credit card loans as the source of funds. It all has to be paid back, so if you don't have a plan to pay it back, don't borrow it in the first place! You are only digging a bigger hole for yourself and making it harder to get out of the hole.

If you are taking from your pension or savings money, again you better have a rock solid plan to get that money back into those accounts, or there is no sense in giving up that hard earned and usually irreplaceable retirement money, especially considering these are monies that are usually protected from creditors' judgments including those your mortgage lender could obtain (deficiency judgment)..

Of course the "amount" of money you have "in reserve" comes into consideration. If you have 2 million dollars in reserve and you decide to spend 10% of it to keep the loans current until you can short sale the property, that plan has a basis that the 10% is not going to make a difference in the way you run your life over the remaining time you have left as a mere mortal.

Sometimes, but rarely, we run into a lender that says they won't approve a short sale or modification because the borrower is current with his payments. When we have encountered this it is in most cases associated with a government backed loan, (but later on we will show you why this may be motivated by plain greed on the part of a loan servicer). A properly compiled financial snapshot of the borrower should show why they are current and what will happen if the short sale or modification is not approved.

Your decision on how to proceed should be based on what goal you are trying to accomplish and how you plan to get to that goal (see how to determine your goal).

Mortgage Modification:

Apart for some voluntary government programs regarding (Fannie Mae or Freddie Mac) government involved mortgages, I know of no lender that absolutely will not deal with a borrower who is current with their mortgage payments. Lenders deal with all sorts of situations and "absolutely not" is just not in the vocabulary. A typical borrower calling a lender may hear that they must be late, but that is more of a "vetting" statement than an absolute policy.

The exceptions are some government program guides for modification. The first step to seeing if your loan comes within this exception is to see if it is a Fannie Mae or Freddie Mac loan. You can do this online at the Making Home Affordable site. Many servicers and lenders whose loans are not "government backed" are now choosing to follow this government plan (known as the Home Affordable Modification plan or more affectionately called the "Obama Plan" - see below) for the simple reason that they are being compensated by the government for each successful modification they execute within its guidelines, and either the servicer or lender receive a residual bonus for the loan staying current under the modification. In these cases we have seen non-government backed loans insist on the borrower being late to qualify for modification as well. What is confusing on this point is that when the plan was introduced it included modifications (and compensation for such) for current loans as well. However, we are told time and time again from the lenders directly that they must be late to qualify. There is no such rule in the guidelines.

While this is contrary to what has been published by the government about the plan, keep mind that following the plan and any of its various aspects is entirely voluntary and up to the Lender or servicer. They can pick and chose from this plan as they see fit for their own internal reasons. Here is a more interesting twist - a servicer that modifies a delinquent loan is paid more under this incentive plan than if the borrower were to modify while the loan is current! If the borrower is current, the servicer can receive up to $3,500 in incentive fees from the government. If the borrower is delinquent, the servicer can receive up to $4,000 in incentive fees from the government. Thus it seems that it pays ($500 to)the servicer to encourage a borrower to be delinquent!

We often see a client that fits the profile for modification under this government plan. Some of these plans are said to require that to be qualified the borrower must be late 60 days (see Guidelines page 5 at bottom). But in fact, being late is not a requirement, but only one factor of many (see Guidelines page 16 at the top - "However, a NPV (net present value) positive result is not necessary to qualify a loan for a Home Affordable Modification"). If the goal is to qualify under such a plan as put in place by the lender at that time, then to accomplish that qualification the borrower may need to make themselves late, but that cannot be determined in a 2 minute telephone call with a lender representative. I cringe when we go this route because just like these "plans" came into existence, I can see them change the plan thus leaving the now 60 day late borrower with ruined credit scores that occurred needlessly.

Generally about a quarter of our modification clients never go late and still get a modification offer from the lender. However, keep in mind that nearly all lenders put up as their first line of defense the policy that going late is a necessity to qualify. We can only speculate this is done to deter the enormous inflow of loan modification requests from borrowers that would come in if this was NOT said to be a requirement. It also helps address those in the most dire amount of need first.

The Pro's and the Con's:

The general rule of thumb we use is if you can pay your mortgage and maintain your life's necessities, you may consider keeping the loan current, taking the points in this article into account. However, if you need to choose between buying food or medications and paying the mortgage, the decision that should be made is clear: your life necessities take precedent.

Here are the pro's to consider when in the short sale or modification process. Keeping the loan CURRENT has the following benefits:

a) Your credit score is not dinged until the short sale transaction occurs (and not at all in most loan modifications) and your overall credit score reduction will be minimized, and b) You will remain in good standing with your lender without worry of penalties, fines, or a foreclosure.

The "con's" of keeping the loan current are that:

(a) You will be out of pocket for the monthly mortgage payment (monies which you may or may not need to survive), and

(b) Your lender may question the sincerity of your claimed hardship, and you may be spending funds that would otherwise be potentially (but rarely) forgiven by the lender. In addition, occasionally the lenders in a short sale may require a lump sum payment above the sale amount from the borrower to forgive the debt. Coming up with that money is sometimes the difference between a deal or no-deal. If you can put your mortgage payments aside and stockpile them, it will help you cover that potential lump sum.

A similar pro/con approach applies to GOING DELINQUENT with your mortgage. In favor of going late is being able to keep the unspent mortgage payments in your pocket (or applied towards other necessities as the case may be) in which event your hardship may appear more sincere to the lender. On the other hand, there are very real consequences to going late with your mortgage payment:

a) You WILL incur late fees and other penalties on the late interest. Usually this is not a large issue as it is part of the forgiven debt in a short sale and usually forgiven in a modification, but it is something to consider,

b) Your credit score downgrade will be harder as you will compound the short sale hit with a 30 day late, 60 day late, etc, (and if this is a modification you will make a non-negative credit score event turn into a negative credit score event), and

c) You will eventually cross a threshold (typical industry standard of 90 days late) where the lender will initiate a foreclosure action in State court.

Going Late on Your Second Mortgage:

Often a borrower comes to us and says that they are late on the first mortgage but current on the second mortgage. The second mortgage is almost always totally upside down with no equity left in the property to secure that financial obligation. The borrower says they paid the second mortgage because they had the money for the smaller payment (second) mortgage but not the larger amount first mortgage. Our answer - if you don't pay the first mortgage they are going to foreclose it and then paying the second mortgage is not going to save your house.

Lately we have seensecond mortgage lenders with 90 day late mortgages skipping the foreclosure process (since if they cause a sale of the house it is sold subject to the first mortgage, and thus any buyer still has to pay the first mortgage, which usually makes no economic sense). Instead the second mortgage lender sues the borrower on the promissory note only and gets a money judgment that they can keep for a long time (20 years in Florida).

So if a client says they are paying the second mortgage but not the first mortgage, we usually suggest they look at the common sense approach and what are they likely to gain or lose by doing so.

Effect of Non-Payment / Late Payment on Credit Score:

This is a big question and nowhere is the answer clear cut. Definitely if you get a report on your credit that you were "late" (in mortgages that means 30 days or more late) then your credit has been "dinged" and your credit score is adversely affected.

Credit scores are used for many purposes, including the amount of credit you can get on a credit card, the interest rate you get on credit cards, car loans and mortgages, your ability and price of life and disability insurance and even car or house liability insurance, your ability to get a certain type of job, or to establish business relationships, and your ability to rent a place to live, to name a few. So credit scores are important. If you want to better understand credit scoring you can see the Federal Reserve Board's Report to Congress from April 2008.

How much your credit score is affected by a 30, 60 or 90 day late report depends on a lot of other factors about your financial well being, your past credit history and myriad other issues. Generally though we have our clients reporting drops of as little as 50 points for a no late payment short sale or up to 150 points for a short sale with multiple late payment reports. We have seen an 800 go to 720 and we have seen a 740 go to 500. It all depends on too many uncontrollable credit issues to be able to give a formula that works for everyone. For a discussion on credit scores this our past article.

Confused?

Rightfully so. The fact of the matter is that we are in uncharted waters and there is no industry standard for Short Sales or Loan Modifications, which makes pinning down exactly what the Lenders may do near impossible. Pile on the fact that there are a large number of lenders out there and each have their own internal policies which change as readily as the tides. The best anyone can hope to do is make an educated decision, set a plan, and be ready for anything.

Copyright 2009 Richard P. Zaretsky, Esq.

Be sure to contact your own attorney for your state laws, and always consult your own attorney on any legal decision you need to make. This article is for information purposes and is not specific advice to any one reader.

Richard Zaretsky, Esq., RICHARD P. ZARETSKY P.A. ATTORNEYS AT LAW, 1655 PALM BEACH LAKES BLVD, SUITE 900, WEST PALM BEACH, FLORIDA 33401, PHONE 561 689 6660 RPZ99@Florida-Counsel.com - FLORIDA BAR BOARD CERTIFIED IN REAL ESTATE LAW - We assist Brokers and Sellers with Short Sales and Modifications and Consult with Brokers and Sellers Nationwide! Shortsales@Florida-Counsel.com New Website www.Florida-Counsel.com. See our easy to find articles at SHORT SALE AND LOAN MODIFICATION TABLE OF CONTENTS

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North Potomac Homes For Sale Here

Wed, 18 Nov 2009 08:20:45 -0600

Search For Properties in Nort Potomac Maryland Here

(testing new IDX)

Click in Picture

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Germantown Maryland Homes For Sale 20874 - Real Estate Market Report for Kingsview Neighborhoods in Germantown MD Montgomery County

Wed, 18 Nov 2009 07:57:18 -0600

Homes For Sale Germantown MD 20874

KINGSVIEW Germantown Homes For Sale 20874
Neighborhoods Real Estate Market Stats and All Homes For Sale
Germantown Maryland 20874

Market Report for all Homes For Sale in
KINGSVIEW SUBDIVISIONS Germantown MD 20874

Including:

Kingsview Village

Kingsview Knolls

Kingsview Ridge

This market report below was created on the third week of November. 2009
This includes all Active Homes
including SHORT SALES and FORECLOSURES.

>Here’s what’s happening in Kingsview neighborhoods.

The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 4 homes available to buy in all the Kingsview
At the same time, only 1 home has sold this month so far. Also there are 11 properties under contract status.
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

HELP HERE

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Total Number Of SOLD FOR NOV. SO FAR : 1

Total Number Of SOLD FOR OCTOBER : 4
Total Number Of SOLD FOR SEPTEMBER : 6

Total Number Of SOLD FOR AUGUST : 4

Total Number Of SOLD FOR JULY : 6
Total Number Of SOLD FOR JUNE: 5
Total Number Of SOLD THIS YEAR SO FAR : 34

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

in Germantown Maryland

Homes For Sale Germantown MD

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Germantown MD Homes For Sale 20874 - Real Estate and Market Report for Germantown Maryland 20874 Germantown Estates and Germantown Park Neighborhoods

Wed, 18 Nov 2009 07:51:25 -0600

Homes For Sale in Germantown MD 20874
Germantown Estates and Germantown Park
Neighborhoods PLUS Market Stats - All Homes For Sale in:
Germantown Maryland 20874

Market Report for all Homes For Sale in
Germantown Estates
Germantown Park
in Germantown MD 20874

Including:
all SHORT SALES
all FORECLOSURES
all HUD PROPERTIES

This market report below is for the month of November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.
Also I'm including all of the homes that are under contract.

Note: Germantown Estates and Germantown Park neighborhoods inGermantown MD 20874
zip code has currently 24 Active Listings and 53 under contract
Germantown Estates and Germantown Park is located at the intersection of Clopper Rd,
Great Seneca Hwy and Germantown Rd in the West side of I-270 exit #13 or #11

The high number of properties under contract (53) reflect severalshort sales homes
that are waiting for bank approval.
1 properties was sold this month so far. .

Tigre has a brand new list JUST PREPARED of PRE-FORECLOSURES for this neighborhood.
Just give us a call or sign in here.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Total Number Of SOLD FOR NOV. SO FAR : 1

Total Number Of SOLD FOR OCTOBER : 8
Total Number Of SOLD FOR SEPTEMBER : 16

Total Number Of SOLD FOR AUGUST : 12

Total Number Of SOLD FOR JULY : 17
Total Number Of SOLD FOR JUNE: 8
Total Number Of SOLD THIS YEAR SO FAR : 116

in Germantown Estates 20874 Maryland

Germantown Homes For Sale

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Renting an Upside Down Home . . Is The Home You Are Renting Being Foreclosed?

Wed, 18 Nov 2009 03:48:50 -0600

Hey Landlord. . Are You Paying The Mortgage On Your House?

While this mortgage mess forces many homeowners into foreclosures, tenants are also taking on new risks being in these rental properties.

Plenty of homes and condos are made available for renting because owners can not sell their properties.

Renting them is an attempt to raise some cash to help them pay. . .but the pressure is so much that they eventually stop paying and you are living in a soon to be foreclosed home.

Many times when I get called by landlords to do a short sale on their investment property, they want to keep quiet and keep collecting these rents . . .like they are entitled to them

If you aren’t paying for your mortgage.. . why are you profiting from your tenants?

I ask them to do the FAIR THING be honest and give them the news. . You can’t pay and they should be preparing to move out.

Some of them have children in school and this could be a major disruption.

Doing the fair thing . . .works both ways.

I had seen where tenants want to take advantage of the situation and want to live there rent-free for as long as possible.

If you want me to short sale your home. . . tenant-free would be very helpful

I can help you get them out depending on your situation. .

Being honest with them is a good start and always brings good results

HELP HERE

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First Time Home Buyers Help. Find a Home Fast In Montgomery County Maryland

Wed, 18 Nov 2009 03:25:47 -0600

Are you a first-time home buyer eager to get into the market? Here are just 3 steps to help you find the right home. .

1. Make a decision on the location. .what areas serve your purpose

2. Get your finances in order and determine how much can you afford to pay every month as mortgage payment

3. Check available homes in your area by registering with www.Herboso.com (click on picture below )

Then we'll take over . . . and guide you to the end

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Condos for Sale in Roclville MD 20852 - Real Estate Market Report for Grosvenor Condos Near the Grosvenor Metro Stop Montgomery County

Tue, 17 Nov 2009 07:03:29 -0600

Condos for Sale Rockville MD 20852
Grosvenor Condos For Sale in Rockville Maryland

Condos for Sale Rockville MD 20852
Grosvenor Condos For Sale in Rockville Maryland
All Grosvenor Condos for Sale in Rockville MD
also Weekly Stats
WALK TO THE METRO- SELL YOUR CAR
Rockville Maryland 20852

Market Report for all CONDOS For Sale in Grosvenor in
Rockville Maryland 20852

Condos Near the Metro in Montgomery County

Grosvenor Park
Grosvenor Park I
Grosvenor Park II
Grosvenor Park III
Grosvenor Park IV

This market report below was created on 11/17/2009.
This includes all Active Homes
including SHORT SALES and FORECLOSURES.
Here’s what’s happening in the Grosvenor Condos

The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 21 condos available to buy in all the Grosvenor Condo Buildings
At the same time, 3 condos were sold this month so far. Also there are 13 properties under contract status.
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

If you are new to the area. . you can't get CLOSER TO THE METRO. . practically
the Metro is NEXT TO GROSVENOR PARK CONDOS
There is a demand in the last few months for Condos next to the Metro because of
high gas prices.

Total Number Of SOLD FOR NOV. SO FAR : 3
Total Number Of SOLD FOR OCTOBER : 5
Total Number Of SOLD FOR AUGUST : 4

Total Number Of SOLD FOR JULY : 5
Total Number Of SOLD FOR JUNE: 9
Total Number Of SOLD THIS YEAR SO FAR : 53

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

For Grosvenor Park Condos in Rockville MD 20852

Condos For Sale Rockville MD

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Rockville MD Homes For Sale 20850 - Real Estate Market Report for King Farm in Rockville MD Montgomery County

Tue, 17 Nov 2009 06:58:21 -0600

Homes and Condos For Sale in Rockville MD 20850
Rockville's KING FARM Homes For Sale

Homes and Condos For Sale in Rockville MD 20850
Rockville's KING FARM Homes For Sale

Featured Neighborhood (s) Market Stats
All Homes For Sale available in King Farm Neighborhoods
Rockville Maryland 20850

Market Report for all Homes For Sale in KING FARM in
Rockville Maryland

20850

King Farm
King Farm Bailey
King Farm Village
King Farm Watkins Pond
King Farm Irvington
King Farm ALL FORECLOSURES
King Farm ALL SHORT SALE
King Farm ALL REO's

This market report below was created as of 11/17/2009
This includes all Active Homes
including SHORT SALES and FORECLOSURES.

I'm including all of the homes, townhouses and condos that are under contract.

King Farm is an award-winning community founded in 1997. With space for living, working,
shopping, and recreation, King Farm is approximately 430 acres of conveniently located in
the heart of Montgomery County, Maryland.

King Farm is located just north of Washington, D.C. The community is bordered by
Interstate 270 to the west and the Shady Grove Metro transit station to the east, making
King Farm an ideally located neighborhood for the pickiest buyer. King Farm is an
exemplary community that features modern living at it’s best !

Here’s what’s happening in King Farm neighborhood.

The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 18 homes available to buy in all the King Farm
At the same time, 1 home was sold this month (NOV, 2009) so far. Also there are 12 properties under contract status.
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Total Number Of SOLD FOR NOV. SO FAR : 1
Total Number Of SOLD FOR OCTOBER : 8
Total Number Of SOLD FOR SEPTEMBER : 10

   Total Number Of SOLD FOR JULY :  13
   Total Number Of SOLD FOR JUNE: 5
   Total Number Of SOLD THIS YEAR SO FAR : 70

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Have you missed more than three mortgage payments due the current uncertain economic climate? Have you lost your job? Are you having trouble finding the money for your next due payment? The chances are your lender may be considering filing a foreclosure notice.

You must act fast. The longer you wait to ask for help the harder could be for you.

Get Help Here

For KING FARM NEIGHBORHOOD in Rockville MD

Condos For Sale Rockville MD

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Short Sales: 8 Common Questions

Mon, 16 Nov 2009 20:16:15 -0600

Short Sales Maryland

Knolly Williams points out some of the most common questions about short sales.

A lot of homeowners aren't even aware how can they benefit from a short sale.

An experienced and knowledgeable Realtor is your best ally to a successful short sale. .

Via Knolly Williams (7 Day Systems - Short Sale Training):

I have successfully processed short sales on behalf of my clients for many years. Here are some of the top questions my clients have asked about short sales.

What is a Short Sale?
In the world of Real Estate, a short sale refers to the sale of real property for an amount less than the amount owed on the property. In the short sale scenario, the bank agrees to accept less than the full balance due on the debt, and usually ‘forgives' all or a large portion of the difference.

Who benefits from the Short Sale?
Short sales are a win-win situation. Lenders, Homeowners and real estate agents all benefit from the successful short sale. Mortgagors get the majority of their money back, Homeowners get the relief they need and are able to sell their property and avoid foreclosure, and REALTORS can facilitate the transaction and receive compensation (commission) from the sale of the property.

Why would banks forgive the difference?
To mitigate their losses, banks can accept a settlement of less than what is owed on the property. When faced with the option of getting the property ‘back' through foreclosure, a short sale often makes a much wiser business decision for the bank.

This sounds too good to be true!?
Not really. Things that are ‘too good to be true' usually don't make good economic sense. The short sale makes good common and financial sense for the banks who grant them. The fact of the matter is, mortgage companies and banks are NOT in the real estate business. They are in the LENDING business. The last thing they want is that property back.

Can FHA, Conventional or VA loans receive a short sale?
Yes. I have successfully negotiated short sales for each of these loan types.

What is Negative Equity?
Also known as being "upside down" negative equity is the difference between the value of an asset and the outstanding portion of the loan taken out to pay for the asset, when the latter exceeds the former. For example, if your car is worth $10,000 and you owe $15,000 on it, you would have a negative equity of $5,000. Negative equity can result from a decline in the value of an asset after it is purchased.

Even if a person owes exactly what their home is worth they would still be considered ‘upside down' since there are no resulting proceeds to pay the fees associated with selling the property (agent fees, taxes, title, and other seller closing costs).

Why does my property have negative equity? Here are a few common reasons:

Person bought at the height of the market and the market has now declined or they paid more than the property was worth.

The area has become less desirable for any number of reasons, so property values have declined.

Person purchased the home with little or no money down and wants to sell within a few years of purchase... and the property value has not increased during that time. Therefore, costs associated with selling the property may create a balance due at closing.

Person refinanced the home (with a high appraisal value) and now has little or no equity.

Person bought in a brand new subdivision or recently developed area that has not been fully developed or has not appreciated (or has depreciated) in value.

The market is soft because there is too much builder inventory (new homes) or too many existing homes on the market (resulting in a buyer's market).

How long does a short sale take?
Short sale approval can take 45-60 days, with many lenders now taking 90 days or more. During that time, all foreclosure activity, if any is typically placed on hold.

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Villages Of Urbana Homes For Sale MD - Real Estate Market Report for The Villages Of Urbana 21704 in Frederick County

Mon, 16 Nov 2009 07:01:46 -0600

Homes For Sale in the Villages of Urbana MD
Weekly Stats For

The Villages of Urbana Maryland

Frederick Maryland 21704

Market Report for all the market activity
The Villages Of Urbana 21704

        * All CONDOS for sale in Villages of Urbana
* All Townhouses for sale in Villages of Urbana
* All Single Family Homes for sale in Villages of Urbana
    * All Foreclosures in Villages of Urbana
       * All Short Sales in Villages Of Urbana
       * All distressed properties included in this report

HELP HEREThis market report below is for the first week of November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.

This report includes all of the homes that are under contract.
If you are new to the area. . this neighborhood is very convenient because it's proximity
to Washington DC and still holds a country flavor that reminds you of small town USA
Shopping and Entertainment galore!

What has started in 1999, it has now grown to 3000 Housing units. It has two elementary, one middle and one high schools within a mile. A Giant Grocery Store, Public Library, J&P Pizza,ChopStix Chinese Food, Subway, and a variety of other stores in the shopping village. Residents enjoy a private pool,community center, tennis courts, walking trails and basketball court

Here’s what’s happening in the Villages of Urbana.

The real estate market activity during this month seems to be leaps and bounds ahead of last year for buyers.
According to the Washington/Maryland Multiple Listing Service, there are 24 homes available to buy in all the "Villages"
At the same time, 3 homes sold this month so far.
A total of 24 homes are under contract.
Potential buyers shouldn’t wait. With a strong buyers market, combined with low mortgage rates, now’s the time to get a great deal on your dream home.

Total Number Of SOLD FOR NOVEMBER SO FAR : 3

Total Number Of SOLD FOR OCTOBER : 7

Number Of SOLD FOR SEPTEMBER : 12

Total Number Of SOLD FOR AUGUST : 9

   Total Number Of SOLD FOR JULY :   12
   Total Number Of SOLD FOR JUNE: 12
   Total Number Of SOLD THIS YEAR SO FAR : 95

For Homes in Villages Of Urbana MD 21704

Villages of Urbana MD Homes For Sale

Clarksburg MD Homes For Sale Germantown MD Homes For Sale Gaithersburg MD Homes For Sale

Montgomery Village Homes For Sale in Maryland 20886 - Real Estate Market Report

Mon, 16 Nov 2009 06:51:22 -0600

Homes and Condos For Sale in
Montgomery Village Maryland

Weekly Stats FOR ALL Homes for Sale in Montgomery Village

Maryland 20886

Market Report for all the market activity for the following neighborhoods in:

Montgomery Village 20886

This market report is COMPLETE and includes :

        * All CONDOS for sale in Montgomery Village
    * All Foreclosures in Montgomery Village
    * All Short Sales in Montgomery Village
       * All distressed properties are included in this report

This market report below is for the first week of November 2009. This includes all Active Homes
including SHORT SALES and FORECLOSURES.

I'm including all of the homes that are under contract. This week we are working with Asset Maangers and we have an order of 50+ Foreclosures for MD and VA
This is to pave our way for obtaining REO properties to find and control the best bargains out there.. .you get front row seat by going to www.Herboso.com .. .or click on the Hummer below.

If you are new to the area. . this neighborhoods are very convenient because it's proximity
to the Metro (Shady Grove), plus
Shopping and Entertainment galore!! Lake Forest Mall is in the west side of MV.

HELP HERE

SHORT SALES
SHORT SALES
SHORT SALES

There are 111 properties under contract in Montgomery Village at this moment. .
MOST OF THEM ARE WAITING FOR BANKS APPROVALS.
SHORT SALES take a little more time. .. but the bargains are still there!Here’s what’s happening in Montgomery Village

Total Number Of SOLD FOR NOVEMBER SO FAR : 8
Total Number Of SOLD FOR OCTOBER : 42

Number Of SOLD FOR SEPTEMBER : 31
Total Number Of SOLD FOR AUGUST SO FAR : 35

Total Number Of SOLD FOR JULY : 48
Total Number Of SOLD FOR JUNE: 33
Total Number Of SOLD THIS YEAR SO FAR : 289

For Homes in Montgomery Villge MD 20886

Montgomery Village Homes For Sale

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Fernando Herboso-Real Estate in Maryland

Short Sales And Foreclosures Maryland - Short Sale & Foreclosure Report for Montgomery (MOCO) and Frederick (FRECO) Counties

Trulia, Inc. has announced that 25.6% of homes currently on the market in the United States as of November 1, 2009

have experienced at least one price cut during the past 12 months. More than 40% of the top 50 major metros across

the U.S. are experiencing price reduction levels above 30%, significantly higher than the national average.

Please call Fernando to help you strategize your particular mortgage problem. . 240-898-1848 xt #1

Doing this report in a weekly basis, we keep the pulse of the market in the Maryland Region

and the massive supply of homes in the PRE-FORECLOSURE process will continue to grow for months to come . .

please email me if you have any questions

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for Quince Orchard Neighborhoods in Gaithersburg MD in Montgomery County

Montgomery Village Homes For Sale in Maryland 20886 - Real Estate Market Report

Bank of America Short Sale in 7 days? Could it Be True?

Condos For Sale in Bethesda Maryland 20814 - All Condos Near the Metro - Featuring The Promenade, The Chase at Bethesda, The Kenwood and The Christopher

Rockville MD Homes For Sale 20851 - Real Estate Market Report for Twinbrook neighborhoods in Rockville MD Montgomery County

Sugarloaf Crafts Festival in Gaithersburg This Weekend

Rockville MD Homes For Sale 20853 - Real Estate Market Report for Aspen Hill neighborhood in Rockville MD Montgomery County 20853

Homes For Sale in Rockville Maryland 20853 Montgomery County

Gaithersburg MD Homes For Sale 20878 - Real Estate Market Report for the LAKELANDS Neighborhood in Gaithersburg MD in Montgomery County

Homes For Sale Gaithersburg MD 20878 Montgomery County

SHOULD I PAY MY MORTGAGE? WHEN SHOULD I STOP PAYING MY MORTGAGE?

North Potomac Homes For Sale Here

Germantown Maryland Homes For Sale 20874 - Real Estate Market Report for Kingsview Neighborhoods in Germantown MD Montgomery County

Germantown MD Homes For Sale 20874 - Real Estate and Market Report for Germantown Maryland 20874 Germantown Estates and Germantown Park Neighborhoods

Renting an Upside Down Home . . Is The Home You Are Renting Being Foreclosed?

First Time Home Buyers Help. Find a Home Fast In Montgomery County Maryland

Condos for Sale in Roclville MD 20852 - Real Estate Market Report for Grosvenor Condos Near the Grosvenor Metro Stop Montgomery County

Condos for Sale Rockville MD 20852 Grosvenor Condos For Sale in Rockville Maryland

Rockville MD Homes For Sale 20850 - Real Estate Market Report for King Farm in Rockville MD Montgomery County

Homes and Condos For Sale in Rockville MD 20850 Rockville's KING FARM Homes For Sale

Short Sales: 8 Common Questions

Villages Of Urbana Homes For Sale MD - Real Estate Market Report for The Villages Of Urbana 21704 in Frederick County

Montgomery Village Homes For Sale in Maryland 20886 - Real Estate Market Report

Condos for Sale Rockville MD 20852
Grosvenor Condos For Sale in Rockville Maryland

Homes and Condos For Sale in Rockville MD 20850
Rockville's KING FARM Homes For Sale