md: Montgomery County, Maryland Foreclosures & Short Sales Rev. 07/12/12
- 07/12/12 05:21 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 07/12/12 The Montgomery County Distressed Market The Montgomery County Market continues to see a decline in available inventory. Year over year, the number of active properties in June was down 25.38% while the overall total “Sold Dollar Volume” was up 4.16% as was the average sold price, up 3.47%.
Year to date, the number of homes sold remains up over the first half of 2011 as does the average sales price, up 2.44% with 4,891 properties sold in Montgomery County over the first half of 2012. These positive indicators … (0 comments)
md: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 06/21/12
- 06/21/12 02:32 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 06/21/12 The Montgomery County Distressed Market Of the 2657 homes currently available for sale in Montgomery County, 28(1%) are foreclosures while 284 (10.7%) are potential short sales. You may view all available homes at www.craigrosenfeld.com Do you money sitting in your IRA’s and wish you could use it to buy real estate? You may be able to through a self-directed IRA. If you’re interested, please let me know and I will put you in contact with John Bowens at Equity Trust Company for more information. Investors loans are still available for … (0 comments)
md: 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)
The Montgomery County Distressed Market Of the 2797 homes currently available for sale in Montgomery County, 33(1.2%) are foreclosures while 306 (10.9%) are potential short sales. The number of available foreclosures now available in Montgomery County is the lowest in some time. 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. We are seeing multiple offers on many properties, including regular resale properties that are in good condition and priced right. To … (0 comments)
md: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/22/12
- 03/22/12 01:33 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/22/12 The Montgomery County Distressed Market The market is opportunistic and provides opportunities build an investment portfolio of real estate and/or acquire a new primary residence. Investor financing is available in the mid 4% range with a 20% DP. Additionally, investors can seek construction rehab loans based on the rehab properties future value. Second trust loans are available on primary residences affording 95% financing and allowing buyers to avoid the pending increase in the FHA rates. Ready to make the move, just let me know.
Of the 2508 homes … (0 comments)
md: 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)
md: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/09/12
- 03/09/12 01:14 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/09/12 The Montgomery County Distressed Market Just a reminder to spring forward an hour this Sunday morning at 2am. I had a great week of education at the RE/MAX convention and look forward to sharing with you.
Do you have money under performing in your 401K? Did you know that you might be able to buy a property through your 401K? While at the convention, I met with representatives at Equity Trust Company. While I have known about this opportunity, I have now forged a relationship to provide my … (0 comments)
The Montgomery County Distressed Market MARYLAND HOMEOWNERS- The Governor is looking to reduce our Mortgage Interest Deduction that we all hold vital. Take five minutes out of your day to read about this very important issue, PLEASE! More tax burdens on real estate and homeowners will only further hurt Maryland's economic recovery. Please visit http://www.savemdmid.com/. Successful short sales require a fair and reasonable offer. Lowball offers only stand to be rejected by the seller or the countered by the lender. Seller’s understand that failure to close mean they are … (0 comments)
md: 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)
md: 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)
The Montgomery County Distressed Market Please Note: Under the Governor’s proposed Budget Reconciliation and Financing Act of 2012 (BRFA, HB 87/SB 152), Maryland would be the first state to scale back the most important tax benefit that homeowners receive, the mortgage interest deduction – this is NOT an honor MARYLANDERS want! URGE your legislators to OPPOSE the Governor’s BRFA Bill. Of the 2328 homes currently available for sale in Montgomery County, 52(2.2%) are foreclosures while 441 (18.9%) are potential short sales. The number of available foreclosures now available in Montgomery … (0 comments)
md: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/19/12
- 01/19/12 03:02 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 01/19/12 The Montgomery County Distressed Market Despite media coverage that financing is scarce and difficult to obtain, the reality is that lenders are willing and able to lend. One caveat is that the buyer must actually have the resources for a down payment and demonstrate they can make the mortgage payments. In the residential market, financing for owner occupied homes is available without mortgage insurance with as little as 5% down. FHA is still lending with 3.5% down but buyers must pay the upfront and monthly mortgage premiums. In rural areas, … (0 comments)
md: 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)
md: RE/MAX Realty Group Helps the Hungry
- 11/04/11 08:35 AM
Each year, RE/MAX Realty Group and I work to collect food for folks in our community who are less fortunate. Over the years, we have collected a great deal of food. This year, however, the food banks tell us the need is especially great. Our goal is to collect one ton of food. Can you help? We will be collecting donations through Wednesday, November 16th. Please call or email me and leave any non-perishable food on your front step in a paper bag (Montgomery Co). Or, if you prefer, you can drop off food at either of our two local offices. Thanks! … (0 comments)
95 (2.8%) of the 3,438 homes for sale in Montgomery County, MD are REO properties while 598 (17.4%) are short sale pre-foreclosures.
Home buyers continue to face multiple contract competition on some of the well price homes in preferred locations. Real estate investors are competing with first time home buyers as they build their rental portfolios while lender owned foreclosures are available at attractive prices.
Interest rates remain historically low and now is a great time for buyers to get off the fence. Investor financing is now available … (0 comments)
md: Great Efficiency Condo
- 05/05/08 02:25 AM
Seller wants an offer now! No down payment with FHA financing and Nehemiah for qualified buyers. Great 12th floor efficiency with built-in bookcases and views of courtyard & Greenbelt Park. Secure building offers 24-hour desk attendant Condo fee includes water, gas & electricity. Pool, sauna, exercise room and party room available. Convenience store on premises as well as Metro & UMCP shuttle bus. Potentially a great investment property and rental. PG6558516. Only 147K. … (0 comments)
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 07/12/12 
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