distressed properties: A New Way to Invest in Real Estate! - 06/11/12 12:56 AM
<!--StartFragment--> With real estate prices down, many homeowners wish they could take advantage of the low prices to diversify their retirement portfolios but don't have the liquid assets to do so.  Great news if you have money in your 401K or other retirement plans.  Equity Trust Company, A leader in Self-Directed IRA's put on a seminar in our office last week about acquiring investment properties through a self-directed IRA. There are significant IRS restrictions but this could be an excellent opportunity to invest in Real Estate.
  Here's the deal. Once you have opened a Self-Directed IRA, you will identify the … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 05/20/12 - 05/20/12 03:42 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 05/20/12  
The Montgomery County Distressed Market  
With roughly only 12% of the active listings in Montgomery County listed as distressed, perspective home buyers should concentrate on motivated sellers. Some regular resale properties may be better opportunities than a distressed property.
 
Of the 2780 homes currently available for sale in Montgomery County, 29(1.04%) are foreclosures while 304 (10.9%) are potential short sales.  You may view all available homes at www.craigrosenfeld.com
 
 
Foreclosures:
 
There are currently only 29 lender owned properties (REO) for sale in MoCo.
 
Click the … (1 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 05/11/12 - 05/11/12 03:45 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 05/11/12  
The Montgomery County Distressed Market  
With roughly only 12% of the active listings in Montgomery County listed as distressed, perspective home buyers should concentrate on motivated sellers. Some regular resale properties may be better opportunities than a distressed property.

Coming soon- I have a listing at 11209 Blackhorse Court in Potomac. This is a home with opportunity needing a complete update but will be available for only 625K and it’s an estate sale. Situated on a quiet cul-de-sac with a great lot.  An estate sale will be conducted … (0 comments)

distressed properties: Should Distressed Property Training be Mandatory? - 05/09/12 03:26 AM
I recently listed a ahort sale and neither of the two offers received were properly written. Whether the agent thought I could receive lender approval in ten days (lol) or not understanding that distressed properties generally convey in as-is condition, I see rampant issues by both buyer's agents and listing agents who put sellers under contract to multiple buyers because they don't understand basic contract law or that lender approval is simply a contingency to a contract.
I am CDPE certified but have issues with the designation as an agent that has never closed a single distressed property can deem themselves … (2 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/15/12 - 03/15/12 02:42 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/15/12  
The Montgomery County Distressed Market  
The Montgomery County market is looking healthier but the potential shadow inventory continues to loom over the market.  As of today, there are only 380 active distressed properties in Montgomery County as compared to the 1342 currently available in Prince George’s County. The market is opportunistic and provides opportunities build an investment portfolio of real estate and/or acquire a new primary residence. Second trust loans are available on primary residences affording 95% financing and allowing buyers to avoid the pending increase in the FHA … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/16/12 - 02/16/12 08:09 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/16/12  
The Montgomery County Distressed Market  
If you or someone you know are planning on buying using a FHA loan, please note that the new budget calls for an increase in the upfront FHA funding fee. This increase will range between .25- .50% depending upon the purchase price. We don’t have an effective date yet but it’s likely these changes will take affect in the Spring. On a 200K purchase, this would mean an additional $500 in closing expenses. Now is the time to buy before the increased rates take … (0 comments)

distressed properties: Short Sales- Pursue or Run? - 02/13/12 02:47 PM
One of the questions I am most often asked is about the short sale process and whether  my buyer clients should pursue them .  Short sales continue to possess a very negative connotation but they remain very opportunistic.  Here are a few points to consider when consider a short sale:
·         Can you wait the 3-6 months for lender(s) approval?  What will happen if you’re at square one if the deal doesn’t go through?  
·         Is the seller motivated or just trying to delay the foreclosure to have a place to live for free? An unmotivated seller will spell doom for … (1 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/26/12 - 01/26/12 02:56 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/26/12  
The Montgomery County Distressed Market  
According to 2011 MRIS statistics, 9473 listings were sold in Montgomery County, MD. Of these, 974 (10.3%) were REO’s and 1377 (14.1%) were potential short sales. The REO properties had an average sold price of $234,345 with an average of 68 days on market. Short sale listings had an average sold price of $265,007 with an average of 94 days on market. What is interesting is that the REO market represented 10.3% of the sales while representing around 4-5% of the available properties. Short … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/12/12 - 01/12/12 02:35 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/12/12  
The Montgomery County Distressed Market  
Of the 2370 homes currently available for sale in Montgomery County, 79(3.33%) are REO or foreclosures while 478 (20.2%) are potential short sales.  The number of foreclosures available remains low.  Short sales continue to be an active segment for buyers, especially for those who can allow the lender(s) sufficient time to complete the process, usually 3-6 months.   To search all available listings, please click here.
 
Foreclosures:
 
There are 37 lender owned foreclosures (REO) for sale at or BELOW $250,000.  Click on the … (0 comments)

distressed properties: Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Tidewater Auctions - 01/10/12 04:01 AM
 
Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Tidewater Auctions Maryland foreclosure auctions are conducted at the county court houses when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Tidewater Auctions.
Trustee sales are open to the public and homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check for … (0 comments)

distressed properties: Montgomery County Maryland Foreclosure Auctions, Trustee Sales, Homes For Sale, Alex Cooper Auctioneers - 01/10/12 03:35 AM
Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Alex Cooper Auctioneers Maryland foreclosure auctions are conducted at the county court houses when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Alex Cooper Auctioneers.
Trustee sales are open to the public and homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always check … (0 comments)

distressed properties: MOntgomery County Maryland Trustee Sales- Jan 2012- Cohn, Goldberg, Deutsch - 01/10/12 03:23 AM
Montgomery County, MD Foreclosure Auctions, Trustee Sales, Homes For Sale, Cohn Goldberg, Deutsch Montgomery County foreclosure auctions are conducted at the county court house when the secured mortgage lenders instruct the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.
Trustee sales are open to the public and homes for sale are available to all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date.  Always … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/05/12 - 01/05/12 06:39 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/05/12
Have you visited my real estate page on Facebook?  Designed to provide with you valuable information on home ownership, occasional money saving deals I come across and more. Please click here today and show me your support by “Liking” the page and feel free to share it with your friends and family. Always happy to help you or someone you know. My business is referral based and I like it that way!
The Case-Shiller housing price numbers for October show only two metropolitan areas, Detroit and Washington, DC, with positive … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/29/11 - 12/29/11 12:45 PM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/29/11
The Washington Regional Alcohol Program will again be offering its Sober Ride Program at 1-800-200-TAXI from now through Jan 01, 2012. For more information, visit http://www.wrap.org/soberride/.
Beginning January 01, 2012, the Montgomery County Bag tax takes effect. All retailers will be required to collect five cents per bag. If you have recyclable bags or plastic grocery bags,  leave a few in the trunk of your  car.
Licensed in Maryland and Virginia, I represent buyers and sellers in residential transactions, whether a regular resale or distressed property.  If you know anyone who would … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/15/11 - 12/16/11 03:16 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/15/11  
With low home prices and interest rates at historic lows, today’s market might just present your best opportunity to “move up” to a new home, buy your first home or investment property. A “move up” may represent a lifestyle change to a larger home, different neighborhood, or even a downsize.  Whether considering an REO or short sale, buyers should use an agent experienced in these transactions to ensure proper representation and to have a full understanding of the various processes.
 
I represent buyers and sellers in residential transactions, … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/08/11 - 12/08/11 03:14 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/08/11  
Low home prices and strong demand for rental housing continue to drive investors into the market. Investors continue to find that purchasing distressed units, rehabbing and than collecting rents to be an attractive aspect of their overall financial plan.  Whether considering an REO or short sale, buyers should use an agent experienced in these transactions to ensure proper representation and to have a full understanding of the various processes. For more information, read this article at http://rismedia.com/2011-11-27/investor-sales-surge/
 
The Montgomery County Distressed Market  
Of the 2769 homes currently available … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/01/11 - 12/01/11 02:49 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/01/11
**Due to server outage last week, many clients did not receive last week’s update and I will repeat some of that information accordingly.  I apologize for any inconvenience.

With the holidays upon us, there’s no better time to say Thank You to those who have helped me grow my business over the years. Without your trust, referrals and support, I would not be as successful as I am. For that, I thank you all.

Whether it has been assisting with first-time home-buyers, avid investors, or simply providing advice, … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/22/11 - 11/22/11 02:45 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/22/11 (Early due to Thanksgiving holiday)
 
With the Thanksgiving holiday upon us, there’s no better time to say Thank You to those who have helped me grow my business over the years. Without your trust, referrals and support, I would not be as successful as I am. For that, I thank you all.
 
Whether it has been assisting with first-time home-buyers, avid investors, or simply providing advice, it has been my privilege to get to know you and your families.  If there’s anything you, your family or friends are … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/18/11 - 11/18/11 02:35 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/18/11
Trustee Sales- Trustee sales are auctions held at the courthouse steps and represent the final step in the foreclosure process. The sale is open to the general public but buyers should be cautious. The first trust lender will generally bid as well up to the current loan balance including legal fees making the price too high for most buyers. While there are exceptions, buyers should bid with caution.  Trustee sales are purchased site unseen and no inspections are permitted as a condition of the purchase. Financing is generally non-existent as … (0 comments)

distressed properties: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 1/10/11 - 11/10/11 03:59 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/10/11
81 (2.6%) of the 3,148 active homes for sale in Montgomery County, MD are REO properties while 558 (17.7%) are short sale pre-foreclosures.   Fannie Mae- Freddie Mac- HUD-  If you are considering making an offer on a Fannie/Freddie/HUD owned property, it is important to understand that these sellers have restrictions on new listings. For Fannie and Freddie properties, investor offers will not be considered until the property has been on the market for 15 days. HUD ususally restricts their properties for 30 days.  Additionally, it's impotant to note that … (0 comments)

 
Craig Rosenfeld (RE/MAX Realty Group)

Craig Rosenfeld

Gaithersburg, MD

More about me…

RE/MAX Realty Group

Address: 6 Montgomery Village Avenue, Suite 200, Gaithersburg, MD, 20879

Office: 301(258) 775-7519

Mobile: (301) 529-0053

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