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Short Sales MD and Foreclosures MD
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 last day of the month of NOVEMBER 2009 
Are Loan Modifications the Answer to the Foreclosures Crisis?
One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year.
But nearly 40 percent of homeowners across the nation who had their monthly payments cut by 20 percent or more last year were delinquent again within a year, according to a report released this past week from the federal Office of the Comptroller of the Currency and the Office of Thrift Supervision.
I would say that when you remove the incentive of equity cushion in a house, the homeowner will not make the sacrifice to make a payment any longer. . thus creating the numbers of failing modifications above.
Foreclosures are here to stay for a little while longer. . .
Please call Fernando to help you strategize your particular mortgage problem. .
if you are facing a difficult time making your own mortgage payments. . 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 in DECEMBER 2009 : 81
FORECLOSURES SOLD in NOVEMBER. 2009 : 142
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 : 1451
"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 DEC. 2009 : 31
FORECLOSURES SOLD in NOVEMBER: 55
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: 521
 pssstt. . we have just completed a list of foreclosures for both these counties. ..want one?
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Should I Keep On Paying For My Mortgage If I do a Short Sale?
Are you considering a short sale?. . For these answers and more: I am part of the solution for your current problems and am here to help you or anyone you may know that is facing a distressed property situation. There are solutions, and I care! Please make the call 240-426-5754 or Fernando@Herboso.com
+++++++++++++
Just a few years ago, most people in real estate had never even heard of short sales. And that is the problem. There is very little accurate information about short sales ou there and therefore, most people are being misled and ill advised and putting their whole future in the hands of inexperience.
How I am so sure?
My group in Maryland has negotiated short sales in a daily basis in 2008 and we have seen the results when we get involved with short sales that were botched by a previous agent that had good intentions to begin with . . .
Whether you are a homeowner who needs to do a short sale on your own property, you are an investor looking to make big money with short sales or you are a real estate agent trying to figure out how to make short sales a profitable part of your business.
EXPERIENCE COUNTS. . .over 90% of our business was short sales in 2008.
I'm CDPE Certified ( Certified Distressed Property Expert) and a Gold Member of CDRS ( Certified Default Resolution Specialist )
In another words. .
We breathe short sales everyday inside my office!
+++++++++++++++++++
Call me for a FREE consultation
240-426-5754
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SHORT SALES SOLD in MONTGOMERY COUNTY in 2009
Short Sales SOLD in DEC so far : 78
Short Sales SOLD in NOVEMBER 2009 : 98
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 : 845
FACT : In a short sale. .YOU SELL YOUR HOUSE. .
in a foreclosure YOU LOSE YOUR HOUSE
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SHORT SALES SOLD in FREDERICK COUNTY in 2009
Short Sales SOLD in DEC so far : 21
Short Sales SOLD SOLD in NOVEMEBER 2009 : 36
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 : 257
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
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CONTACT US : By Phone 240-898-1848 xt #1 (short sales)
240-898-1848 xt #2 (foreclosures)
By email Fernando@Herboso.com
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