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FLOWER HILL REO - 8005 CLOVERWOOD CT, GAITHERSBURG, MD 20879

By
Industry Observer with Retired

NEWLY AVAILABLE REO - FLOWER HILL, GAITHERSBURG, MARYLAND

September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.

Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  Buyers need to be pre-qualified for financing. Ask us for the name of a loan officer. 

We represent buyers as their exclusive agents.  Let us know if you would like to receive our client reports on lender owned homes in Frederick County and Montgomery County, MD.  roykelley@mris.com

8005 CLOVERWOOD CT, GAITHERSBURG, MD 20879  

FLOWER HILL - 4 BEDROOMS/3.5 BATHS - $289,900
 
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Tax Fiscal Year  2008  Estimated property tax and non-tax charges in first full fiscal year of ownership.

 
TOTAL EST. CHARGES:  $4,411  City Tax:  Tax Year:  2008  
State/County Tax:  $2,664  Refuse:  Base Tax Rate:  0.74  
Special Tax:  $1,251 Homestd/Exempt Status:    Exempt Class:  000  
Front Foot Fee:  $297 Tax Class:  42   Mult Class:  




ASSESSMENT        

         
Year Assessed 
Phase-in Value 
Land 
Improvement 
Land Use 
 
2008 $360,480 $175,000 $185,480

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland