FINDING REAL ESTATE BARGAINS IN THE REO INVENTORY OF LENDER OWNERS

A River Crest 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 early 2007 for $473,000.  It is now owned by Countrywide Home Loans and is being offered at $309,900.  Please contact us for additional details on this home or others that may meet your needs.

 

805 AZTEC DRIVE, FREDERICK, MD 21701  

RIVER CREST - 3 BEDROOMS/3.5 BATHS - $309,900
 
Photo

Tax Year  2007 PUBLIC RECORDS DATA PROVIDED BY MRIS 

 
TOTAL TAX BILL:  $5,641  City Tax:  2047.39 Tax Levy Year:  2007  
State/County Tax:  $3,202  Refuse:  Tax Rate:  1.05  
Special Tax:  $391 Homestd/Exempt Status:    Exempt Class:  000  
Front Foot Fee:  Tax Class:    Mult Class:  




ASSESSMENT        

         
Year Assessed 
Total Tax Value 
Land 
Improvement 
Land Use 
 
2008 $322,170 $121,170 $234,180

 

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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.

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