FINDING REAL ESTATE BARGAINS IN THE REO INVENTORY OF LENDER OWNERS
A Mill Crossing home is on the list of lender owned foreclosures in Frederick County, Maryland. If you are seeking a summertime home purchase opportunity, you should be watching the reports on the available foreclosures. The lenders are buying most of the homes purchased at the court house trustee sale auctions. Then, the lenders offer the properties for sale when they become part of the REO inventory.
Please contact us for assistance with you next real estate transaction. Many buyers are now using FHA financing for the low cash requirements. Also, recent action by the White House made FHA financing more attractive for use when purchasing lender owned homes. Buyers do need to be pre-approved for mortgage financing. Please ask us for a referral to a loan officer.
We provide client reports on REO homes in Frederick County and Montgomery County, Maryland. If you wish to have this information, please ask about being added to our email list.
Sample available property: The previous owner purchased this home in the spring of 2006 for $527,555. It is now being offered as a lender owned home at $374,900. Yes, you may ask for closing costs assistance from the seller.
| 1005 STORRINGTON DRIVE, FREDERICK, MD 21702 |
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MILL CROSSING - 4 BEDROOMS/3.5 BATHS - $374,900 |
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Tax Year 2007 PUBLIC RECORD DATA PROVIDED BY MRIS
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| TOTAL TAX BILL: $8,788 |
City Tax: 3189.67 |
Tax Levy Year: 2007 |
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| State/County Tax: $4,989 |
Refuse: |
Tax Rate: 1.05 |
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| Special Tax: $609 |
Homestd/Exempt Status: |
Exempt Class: 000 |
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| Front Foot Fee: |
Tax Class: |
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Mult Class: |
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| ASSESSMENT |
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Year Assessed
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Total Tax Value
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Land
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Improvement
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Land Use
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| 2008 |
$518,260 |
$110,000 |
$492,640 |
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Living Area: 3,189 square feet; Garage: 420 square feet; Finished Basement
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