foreclosure: Where will I live if I have to let my home go? - 09/28/11 07:28 AM
Recently I have had several inquiries regarding what happens after foreclosure? First I always attempt to encourage working with an HUD approved housing counselor. Secondly I do everything I can to assist in not letting the home go to foreclosure for the individuals sake and as my part in trying to stop the bleeding of these homes sitting on the market. If possible even a Short Sale of the home is easier on the individuals credit as well as the general neighborhood.
However if in the end foreclosure is inevitable....
Housing will become difficult, Owners and Landlords are most frightened of … (0 comments)

foreclosure: SKYLIGHTS IN THE MASTER BEDROOM, LITERALLY!!!!! - 06/28/10 07:34 AM
Skylights in the Master Bedroom....Literally
I have showed this foreclosure in Frederick MD twice, to 2 separate clients. The first showing was in April and the second in June. The first showing the upstairs carpet was stained and ceiling stained and it was apparent that there was an issue with a leaking roof. The second showing the damage had spread. You could see it the minute you walked into the kitchen the ceiling had collapsed, due to water damage. The second floor in the master bedroom is destroyed and the ceiling in the master bedroom had also collapsed. When I … (3 comments)

foreclosure: Whats on the Horizon ??? - 03/22/10 06:42 AM
Whats on the Horizon ??? There is a growing divide between delinquencies and foreclosures, which suggests that foreclosure data understate the mortgage distress and delinquencies now building in the U.S. Residential Housing Market.  There could be a coming wave of defaults, borrowers whose homes are significantly underwater with predication's of more than 5 years before an increase in property values. These borrowers may have high credit scores opting to strategically default. Government programs to support housing have been "Murky" and if the modifications caused by them comes to an end, or doesn't address the perfect credit underwater homeowner, a lot of … (0 comments)

foreclosure: Foreclosed vs. Short Sale - 08/07/09 02:57 AM
Bank Owned Properties:
all negotiations are basically made between a Buyer and an employee of the bank/servicer (as opposed to an owner/seller).
Standard purchase and sale agreements are used as well as the banks' own addendums and disclosures. Offers must be complete and filled out in accordance with the banks' rules. 
Most of the time the Bank is pricing near market and is expecting to transact the property close to the asking price. Your Realtor should verify the value before the offer.  If the value has changed a solid argument can be made.
The Bank typically will not to make repairs so an "as-is" sale is best. … (0 comments)

Kay D. Riddle, Broker (New Solutions Realty  )

Kay D. Riddle


New Market, MD

More about me…

New Solutions Realty

Address: 810 E. South St. , Frederick , MD, 21701

Office: (877) 872-5224

Mobile: (301) 455-7591

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