FREDERICK COUNTY, MARYLAND - LENDER OWNED FORECLOSURES   

REO REPORT FROM ROY KELLEY & ASSOCIATES    

(Rev. 3/12/2009  Contact us for further price reductions.)  

REO properties are foreclosed homes that are now owned by lenders.  We represent purchaser clients as their exclusive  agents. The disclosures that are required for home buyers in Maryland will be provided when you meet with us.  Buyers must have pre-approval letters for mortgage financing.    

The following are available REO homes. Prices are reduced until they are sold.  All of this information is subject to change or error.  HOA and Condo fees have not been verified.  We will update the details on the properties before showing them to you. Full details on each property and pictures are available by email.    

Countrywide:  120 5th St., Frederick 21701 3 BR/1.5 BA $182,900 Duplex  

REO:  1654 Andover Ln., Stonegate, Frederick 21702 6 BR/2 BA $159,900 SF REDUCED FROM $174,900  

Wells Fargo Bank:  1901 Belford Dr., Clover Ridge, Frederick 21702 4 BR/2.5 BA $359,877 SF HOA Fee: $440/yr.

Countrywide:  6424 Bellevue Pl., Spring Ridge, Frederick 21701 5 BR/3.5 BA $409,000 SF REDUCED FROM $429,900

REO:  574 Binford Ct. E, Hillcrest Orchards, Frederick 21703 4 BR/2.5 BA $275,000 SF REDUCED FROM $305,395

Countrywide:  6705 Black Duck Ct., Robin Meadows, Frederick 21703 3 BR/1.5 BA $160,900 TH HOA Fee: $56/mo. REDUCED FROM $209,900

REO:  3321 Brockton Dr., Copperfield, Jefferson 21755 4 BR/2.5 BA $304,900 SF REDUCED FROM $379,900  

REO:  2035 Buell Dr. E, Willowbrook, Frederick 21702 4 BR/3.5 BA $215,000 TH HOA Fee:  $55/mo. REDUCED FROM $227.500

Fannie Mae:  2020 Burnside Dr., Willow Brook, Frederick 21702 4 BR/2.5 BA $279,900 SF REDUCED FROM $369,900

REO:  2012 Butterfield Overlook, Tuscarora Creek Pond, Frederick 21702 4 BR/3.5 BA $352,833 SF REDUCED FROM $382.848

U.S. Bank:  5712 Butterfly Ln., Frederick 21703 2 BR/1 BA $125,500 SF REDUCED FROM $138,900

Fannie Mae:  11007 Carriage Ln., Frederick 21701 4 BR/2 BA $299,900 SF REDUCED FROM $322,000  

REO:  2595 Carrington Way, Whittier Pond, Frederick 21702 3 BR/3.5 BA $219,900 Gar TH HOA Fee: $445/yr.

REO:  454 Carrollton Dr.,Frederick City, Frederick 21701 3 BR/1 BA $144,900 SF REDUCED FROM $149,000

Fremont Investment:  6539 Carston Ct., Wellington Trace, Frederick 21703 4 BR/3.5 BA $229,900 TH HOA Fee:  $45/mo. REDUCED FROM $289,900

Fannie Mae:  5709 Charstone Ct., Farmbrook, Frederick 21703 3 BR/1 FB/2 HB $161,000 TH HOA Fee: $57/mo.

REO:  3008 Cloister Way, Park Place at Mill Island, Worman's Mill, Frederick 21701 3 BR/3.5 BA $309,900 Villa HOA Fee:  $70/mo.

REO:  2506 Coach House Way E #2D, Echo Glen, Frederick 21702 2 BR/1 BA $164,900 TH Condo HOA Fee:  $100/qtr.

Beneficial Mortgage:  7117 Collinsworth Pl., Stonebridge, Frederick 21703 3 BR/3.5 BA $242,900 Gar TH HOA Fee:  $83/mo. REDUCED FROM $259,900

Fannie Mae:  12 Contour Rd., Mt. Airy Village, Mount Airy 21771 3 BR/3 BA $282,000 SF

Deutsche Bank:  6100 Cool Spring Ter. S, Spring Ridge, Frederick 21701 4 BR/2.5 BA $305,900 SF REDUCED FROM $315,000

REO:  1640 Coopers Way, Monocacy Landing I, Frederick 21701 4 BR/2 FB/2 HB $165,000 Gar TH HOA Fee:  $62/mo.

REO:  9417 Cornwell Meadow St., Villages of Urbana, Frederick 21704 4 BR/3.5 BA $394,900 SF HOA Fee: $47/mo.

Fannie Mae:  10172 Crestview Dr., Crestview Estates, Frederick 21702 3 BR/1.5 BA $239,900 SF REDUCED FROM $259,900

REO:  1137 Daffodil Dr., Frederick Heights, Frederick 21703 2 BR/1.5 BA $145,000 TH HOA Fee:  $90/qtr.

REO:  1255 Dahlia Ln., Frederick Heights, Frederick 21703 3 BR/2 FB/2 HB $147,400 Gar TH HOA Fee: $55/qtr. REDUCED FROM $154,900

HUD:  1302 Danberry Dr., Hillcrest Orchards, Frederick 21703 3 BR/2 BA $166,250 SF

REO:  1718 Dearbought Dr. E, Monocacy Landing, Frederick 21701 4 BR/2.5 BA $319,000 SF HOA Fee: $45/mo. REDUCED FROM $339,900

HUD:  12 Delaware Ave., Brunswick 21716 4 BR/1 BA $111,150 SF Built in 1910

U.S. Bank:  5645 Denfield Pl., Green Hill Manor, Adamstown 21710 5 BR/3.5 BA $360,990 SF REDUCED FROM $442,900  

REO:  8800 Discovery Blvd., Beacon Circle, Walkersville 21793 3 BR/2.5 BA $101,500 TH HOA Fee:  $542/yr.

REO:  1461 Dockside Ct., Fredericktowne Village, Frederick 21701 2 BR/2 BA $159,900 TH HOA Fee: $45/mo. REDUCED FROM $199,900

REO:  6922 Doublebrand Ct., Farmbrook, Frederick 21703 3 BR/1.5 BA $152,900 TH HOA Fee:  $57/mo.

REO:  5593 Dover Ct., Windsor Estates, Frederick 21703 3 BR/1.5 BA $232,000 SF REDUCED FROM $242,000

REO:  5223 Earles Ct., Kingsbrook, Frederick 21703 3 BR/2 FB/2 HB $192,375 TH HOA Fee:  $53/mo. REDUCED FROM $202,500

REO:  5267 Earles Ct., Kingsbrook, Frederick 21703 3 BR/2 FB/2.5 BA $187,500 TH HOA Fee:  $62/mo. REDUCED FROM $207,400

Select Portfolio Servicing:  6908 Edgemont Rd., Edgemont Overlook, Frederick 21702 4 BR/1 BA $149,900 SF REDUCED FROM $246,000

U.S. Bank:  572 Eisenhower Dr., Overlook, Frederick 21703 3 BR/2.5 BA $189,900 TH HOA Fee:  $33/mo. REDUCED FROM $206,900

MidFirst Bank:  8842 Eureka Ln., Discovery, Walkersville 21793 3 BR/1.5 BA $127,500 TH HOA Fee: $29/mo. REDUCED FROM $150,000

REO:  1913 Fieldstone Way, North Crossing, Frederick 21702 3 BR/2.5 BA $189,900 Gar TH HOA Fee: $29/mo.

Freddie Mac:  8419 Foresight Ln., Discovery, Walkersville 21793 3 BR/1.5 BA $105,000 TH HOA Fee: $35/qtr. REDUCED FROM $132,000

SunTrust Bank:  3598 Fremont Ct., Fremont Hill, Ijamsville 21754 4 BR/3.5 BA $365,000 SF

Fannie Mae:  77 George Thomas Dr., Willow Brook, Frederick 21702 4 BR/3.5 BA $331,500 SF REDUCED FROM $392,900

Fannie Mae:  7195 Glenmeadow Ct., Farmbook, Frederick 21703 4 BR/2.5 BA $156,500 TH HOA Fee:  $52/mo.

REO:  94 Harrison Ct. E, Willow Brook, Frederick 21702 4 BR/3.5 BA $269,900 SF REDUCED FROM $290,975

Hagerstown Trust Co.:  14017 Harrisville Rd., Williams Beginning, Mount Airy 21771 3 BR/2 BA $386,650 SF REDUCED FROM $407,000

Fannie Mae:  413 Heather Ridge Dr., Antietam Village, Frederick 21702 3 BR/1.5 BA $104,900 TH

Fannie Mae:  159 Heathfield Dr., Mill Crossing, Frederick 21702 3 BR/3 BA $167,500 TH HOA Fee: $55/mo.

REO:  10601 High Beach Ct., Pinehurst, New Market 21774 3 BR/2 BA $199,500 SF REDUCED FROM $244,900

REO:  3918 Highland Ave. E, Turkey Hill Estates, Myersville 21773 4 BR/2.5 BA $289,900 SF REDUCED FROM $323,200

Fremont Investments & Loan:  552 Hollyberry Way, Overlook, Frederick 21703 3 BR/2.5 BA  $159,900 TH HOA Fee:  $35/mo.

REO:  15 Horizon Dr. E, Hill Crest Orchards, Frederick 21703 4 BR/3.5 BA $135,900 TH HOA Fee: $110/qtr. REDUCED FROM $172,500

REO:  8485 Inspiration Ave., Discovery, Walkersville 21793 4 BR/3 BA $224,500 SF REDUCED FROM $275,000

Moreequity, Inc.:  7205 Jasper Ct., Fountaindale South, Middletown 21769 3 BR/2.5 BA $195,000 SF REDUCED FROM $270,000  

Central Mortgage:  127 Jefferson St., Frederick 21701 2 BR/2 BA $94,900 Duplex REDUCED FROM $149,900

Fannie Mae:  4017 Jefferson Pike, Spring Ridge, Jefferson 21755 2 BR/1 BA $200,000 SF  

LaSalle Bank:  1610 Jennings Ct., Carroll Park Manor, Frederick 21702 4 BR/2 BA $136,500 TH HOA Fee: $48/mo. REDUCED FROM $149,900  

Wells Fargo Bank:  1 Knoll Side Ln., Brookridge South, Middletown 21769 4 BR/3.5 BA $367,000 SF REDUCED FROM $367,481  

REO:  6605 Ladoga Ln., Coldstream, New Market 21774 3 BR/3 BA $269,900 SF HOA Fee:  $1,346/yr.  

REO:  10812 Lake Square Ct., Courts of Pinehurst, New Market 21774 3 BR/2 BA $229,900 SF HOA Fee: $20/mo.  

REO:  1806 Latigo Ct., Walnut Ridge, Frederick 21702 5 BR/4.5 BA $439,900 SF HOA Fee:  $47/qtr.  

Sandy Spring Bank:  1402 Leaswing Ct., Monarch Ridge, Frederick 21703 3 BR/2.5 BA $300,000 SF HOA Fee:  $5/mo  

REO:  307 Loganberry Ct., Frederick 21701 3 BR/1 BA $199,900 SF

Fannie Mae:  114 Long Acre Ct., Taskers Chance, Frederick 21702 3 BR/2.5 BA $234,900 Gar TH HOA Fee:  $52/mo. REDUCED FROM $276,000

REO:  210 Main St., Myersville 21773 3 BR/1 BA $109,900 SF Built in 1900

Countrywide/VA:  6231 Manor Woods Rd., Frederick 21703 3 BR/1.5 BA $104,900 SF

REO:  7937 McKaig Rd., Frederick 21701 4 BR/3 BA $279,000 SF REDUCED FROM $310,000

REO:  5825 Mercantile Dr. W, Hannover, Frederick 21703 4 BR/2 FB/2 HB $230,900 TH HOA Fee:  $48/mo. REDUCED FROM $244,900

REO:  6212 Mountaindale Rd. E, Frederick 21702 2 BR/1.5 BA $154,900 SF Log Home REDUCED FROM $186,900

Homecomings Financial:  8110 Old Kiln Rd., Thurmont 21788 5 BR/3.5 BA $335,000 SF Farm with two rental units, stream, pond. REDUCED FROM $450,000

REO:  8037 Old Receiver Rd., Bateman, Frederick 21702 4 BR/2.5 BA $350,000 SF REDUCED FROM $379,900

Washington Mutual:  6701 Old Stonehouse Ln., Coldstream, New Market 21774 4 BR/3.5 BA $449,900 SF

REO:  4640 Old Swimming Pool Rd., Braddock Heights Estates, Frederick 21703 3 BR/2.5 BA $349,900 SF REDUCED FROM $359,900

Fannie Mae:  12189 Overlook Dr., Sugar Loaf Overlook, Monrovia 21770 3 BR/2 BA $259,900 SF REDUCED FROM $270,000

REO:  1006 Peach Orchard Ln., Brunswick Heights, Brunswick 21716 3 BR/1.5 BA $121,000 TH REDUCED FROM $137,900

REO:  23 Pendleton Ct., Frederick Heights, Frederick 21703 3 BR/1 BA $108,300 TH HOA Fee:  $40/mo. REDUCED FROM $155,000

REO:  3671 Petersville Rd., Rosemont, Knoxville 21758 2 BR/1.5 BA $129,900 SF Built in 1930

REO:  1004 Petworth Way, Mill Crossing, Frederick 21702 3 BR/2.5 BA $149,900 TH HOA Fee:  $55/mo. REDUCED FROM $169,900

REO:  4993 Pintail Ct., Robin Meadows Cluster, Frederick 21703 3 BR/2.5 BA $225,000 TH HOA Fee:  $95/mo. REDUCED FROM $229,900

Countrywide:  92 Pleasanton Ct., Willow Brook, Frederick 21702 5 BR/3.5 BA $309,900 SF REDUCED FROM $324,900  

National City Bank:  12101 Pleasant Walk Rd., Myersville 21703 2 BR/1 BA $134,900 SF 2 Acres REDUCED FROM $161,000  

Deutsche Bank:  10825 Powell Rd., Thurmont 21788 4 BR/3 BA $278,900 SF REDUCED FROM $560,000  

Countrywide:  509 Primus Ct., Prospect View, Frederick 21703 3 BR/2 FB/2 HB $175,900 Gar TH HOA Fee:  $87/qtr.  

REO:  527 Primus Ct. E, Prospect View, Frederick 21703 3 BR/3 BA $169,900 Gar TH HOA Fee:  $29/mo. REDUCED FROM $243,500  

REO:  10314 Putman Rd., Frederick 21702 4 BR/2.5 BA $249,900 SF REDUCED FROM $280,000  

REO:  104 Quail's Nest Way, Taskers Chance, Frederick 21702 3 BR/2.5 BA $169,900 TH HOA Fee: $55/mo. REDUCED FROM $219,900  

Fannie Mae:  1531 Rambling Way, Main, Frederick 21701 4 BR/2 FB/2 HB $232,000 TH HOA Fee: $44/mo.

REO:  6244 Ranier Dr., Stuart Mechanic, Frederick 21703 5 BR/2 BA $224,900 SF REDUCED FROM $259,900

U.S. Bank:  9310 Reichs Ford Rd., Glass Works Farm, Ijamsville 21754 4 BR/3.5 BA $402,900 SF REDUCED FROM $493,350

Select Portfolio Servicing:  11849 Renner Rd., Keymar 21757 3 BR/2 BA $144,900 SF REDUCED FROM $174,900  

Deutsche Bank:  111 Sandalwood Ct., Glade Towne, Walkersville 21793 3 BR/1.5 BA $133,900 TH  

REO:  2500 Shelley Cir. #1-1D, Ridgeview, Whittier, Frederick 21702 2 BR/2 BA $179,900 Condo Fee: $226/mo. REDUCED FROM $199,900  

Fannie Mae:  7100 Silver Cir., Fountaindale South, Middletown 21769 6 BR/3.5 BA $314,900 SF REDUCED FROM $385,900  

REO:  5666 Singletree Dr., Farmbrook, Frederick 21703 4 BR/2 BA $220,500 SF  

REO:  6601 Spokeshave Ct., Farmbrook, Frederick 21703 3 BR/2.5 BA $149,900 TH HOA Fee:  $48/mo. REDUCED FROM $202,900

Option One:  3719 Sprigg St. N, Villages of Urbana, Frederick 21704 4 BR/2 FB/2 HB $429,900 SF REDUCED FROM $509,900

REO:  1795 Stonehaven Ln., Amber Meadows, Frederick 21702 3 BR/2.5 BA $314,900 SF

U.S. Bank:  3933 Sugarloaf Dr., Sugar Loaf Overlook, Monrovia 21770 3 BR/2 BA $212,500 SF REDUCED FROM $309,900  

REO:  114 Sunlight Dr., Clover Ridge, Frederick 21702 4 BR/3.5 BA $374,900 SF REDUCED FROM $441,000

Wells Fargo Bank:  2173 Swains Lock Ct., Canal Run, Point of Rocks 21777 3 BR/2 FB/2 HB $169,998 TH HOA Fee:  $35/mo. REDUCED FROM $204,881

HSBC Bank:  3920 Sweetbriar Ln., Villages of Urbana, Frederick 21704 4 BR/3.5 BA $461,900 SF REDUCED FROM $485,000

REO:  519 Sylvan Ct., Overlook, Frederick 21703 3 BR/2.5 BA $195,000 Gar TH HOA Fee:  $45/mo.

REO:  507 Teal Ct., Golf View, Frederick 21703 5 BR/3.5 BA $269,900 SF

Assetlink:  5513 Upper Mill Ter. N, Westview Office Court, Frederick 21703 3 BR/2.5 BA $264,900 Gar TH HOA Fee:  $60/qtr.

Countrywide:  2121 Wainwright Ct. #1C, Old Farm Station, Frederick 21702 2 BR/2 BA $150,900 Condo Fee:  $110/mo. REDUCED FROM $164,900

REO:  2520 Waterside Dr. E. #104, Park Place at Mill Island, Frederick 21701 2 BR/2 BA $168,900 Condo Fee:? HOA Fee:  $35 REDUCED FROM $233,000  

REO:  2030 Weitzel Ct., Willow Brook, Frederick 21702 4 BR/3.5 BA $234,325 TH HOA Fee:  $27/mo.

Assetlink:  1512 Wheyfield Dr., Main, Frederick 21701 4 BR/2.5 BA $209,900 TH HOA Fee:  $44/mo.

REO:  1801 A Wheyfield Dr., Monocacy Landing, Frederick 21701 3 BR/2.5 BA $209,900 TH Condo REDUCED FROM $234,900

Keystone:  1807 B Wheyfield Dr., Monocacy Landing, Frederick 21701 3 BR/2.5 BA $189,900 TH HOA Fee: $140/mo.

REO:  2051 Wilcox Valley Rd., Tuscarora Creek Pond, Frederick 21702 4 BR/3.5 BA $316,800 SF REDUCED FROM $330,000

REO:  605 Wild Hunt Rd., Ballenger Creek, Frederick 21703 3 BR/2 BA $207,900 TH REDUCED FROM $225,000

Residential Funding:  6509 B Wiltshire Ct., Crossing, Frederick 21703 3 BR/2 BA $171,900 TH Condo Fee: $120/mo. REDUCED FROM $189,900

REO:  6509 M Wiltshire Ct., Crossing, Frederick 21703 3 BR/2.5 BA $178,500 TH HOA Fee:  $120/mo.

Assetlink:  11 Wyn Ct., Wyngate, Frederick 21701 3 BR/2 BA $219,900 SF REDUCED FROM $243,900

Copyright 2008 by Roy Kelley - Information deemed reliable, but is subject to changes. We must always confirm availability and current prices. Any reproduction, distribution or other use is prohibited. Do not email this report to others without written authorization from Roy Kelley.

Please contact us if you have questions about the foreclosure process in Maryland. If you are searching for a property, please tell us about your specific needs.  

We have a very simple request if you wish to receive our information and advice.  We ask you to agree to use us as your exclusive buyer agents for your next real estate purchase. Please advise us if you are represented by another real estate agent.

Please refer your friends that may wish to purchase a residence or investment property.

Your Real Estate Professional,

Roy Kelley  

Roy Kelley & Associates

Associate Broker, RE/MAX Realty Group

6 Montgomery Village Avenue, Suite 200 Gaithersburg, MD 20879  

Direct:  301-921-4569   

Client Assistance:  301-670-8996

Email: roykelley@mris.com    Fax:  301-921-4586  Main Office:  301-258-7757 x 569  

Home Search Website: www.roykelley.com  (All available listings may by viewed on Homes Prospector)  

MONTGOMERY COUNTY REO:  Please contact us if you wish to receive our Montgomery County report on lender owned foreclosures.

COUNTRYWIDE REO REQUIREMENTS:  Countrywide Home Loans requires a Countrywide pre-qualification letter with all contracts on their owned properties. For assistance with this requirement, contact Jim Beatty at the Countrywide office in Gaithersburg:  Direct:  240-631-8318 or Cell:  301-728-3286. Countrywide also offers renovation financing for homes that need major improvements.

INTEREST RATES:  Interest rates are the lowest in many years. So, it is easier to qualify for financing. When you combine the low rates with the large selection of homes, it makes a perfect situation for prospective home buyers. Many buyers are now using FHA financing which has a low cash requirement (3.5%).

TITLE COMPANIES:  Most of the REO lender owners recommend title companies for buyers of the homes. If you wish to use your preferred title company, you should include your requirement with your offer. It is always a good idea to compare the costs. Your preferred title company will help you with the comparisons.

HOME INSPECTIONS:  We always recommend home inspections to make sure that buyers are aware of the physical condition of the property under contract. One of the frequent issues during the winter is water leaks due to frozen pipes in vacant homes.

BUYER AGENTS FOR REO PURCHASES:  Always use an exclusive buyer agent to represent your interests when you purchase a home. The time to discuss this relationship with us is at your first scheduled appointment. It is very important to have a good business relationship with your buyer agent. If you are not comfortable with an agent, you should request a release from your agency agreement and move on to another agent.

FIRST TIME HOME BUYER TAX CREDIT:   www.federalhousingtaxcredit.com