reo: 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)
reo: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/22/11
- 12/22/11 07:17 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/22/11 Happy Holidays! As we celebrate Chanukah and Christmas, I would like to wish you a safe and happy holiday season. 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/. 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 benefit from my services, please call or email me their information and I will promptly follow up with them. Your … (2 comments)
reo: 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)
reo: 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)
reo: 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)
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)
reo: 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)
reo: 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)
reo: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/27/11
- 10/27/11 04:54 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/27/11 One question I am often asked by clients is about structuring an offer on foreclosed properties. Whether an investor or first-time buyer, the bottom line net to the seller is the key figure. If closing cost assistance is required, buyers may offer over asking price to compensate for the needed cash. In terms of the offer price, banks are not usually willing to negotiate on newly listed properties. They may allow for closing help provided there are no competitive offers. After the first two weeks, banks become more flexible before offering … (0 comments)
reo: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/20/11
- 10/20/11 09:16 AM
<!--StartFragment--> Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 10/20/11 Of the 3391 homes currently available for sale in Montgomery County, 89(2.6%) are REO or foreclosures while 602(17.8%) are potential short sales. The number of foreclosures available is low and in response, lenders are receiving multiple offers on many and selling for above list price. Short sales continue to be an active segment for buyers looking potential deals, especially for those who can allow the lender(s) sufficient time to complete the process. Our market is opportunistic for both buyers and sellers. Investors looking to expand their portfolios … (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)
reo: Bully Banks?
- 05/25/11 03:40 AM
Last week, I wrote an offer on Wells Fargo REO for a first-time homebuyer. Friday, the bank countered stating that "Buyer will not ask or a price reduction based upon the home inspection" but left the price and other terms as presented. We quickly accepted. Yesterday, four days after we accepted the bank's counter, the listing agent emails me that he needs our highest and best as has now received two additional offers in which he presented to the seller. While the contract had not been formally ratified because of the snails pace in which many banks move, we did have … (2 comments)
reo: Show me the Homeowners Docs...PLEASE!!
- 10/18/10 04:33 AM
In Maryland, state law provides that the sellers must provide the buyers with either condo or homeowner association documents with a right of review. With the ever increasing number of short sales and REO's, I am noticing an increasing number of listing agents stipulating in the remarks section that the buyers and or buyer's agents will be responsible for obtaining said documents. First of all, no! Your words don't rewrite the Maryland law. Failure to provide them allows the buyer the opportunity to walk away from settlement up to the signing of the last doc. If you, as a listing agent, are to … (4 comments)
reo: Renovation Financing for REO Homes
- 05/02/08 06:57 AM
As REO agents, we see hundreds of homes that need repairs or improvements. When homes go through the foreclosure process, most of the owners do not have the funds to cover normal maintenance needs or carpet and appliance replacements. These properties can present wonderful purchase opportunities. Rather than purchase a home that has been fixed up by the seller with different tastes in paint color, carpet and appliance selection, why not purchase a REO home that needs some work and fix it up just the way you want it for your own comfort and pleasure. Financing lender owned home with … (0 comments)
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.
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