ARCHIVED BLOG POSTS
2008
INVESTOR ALERT Lender owned home offered for sale as a fixer-upper. This home sold for $555,000 in November, 2005 and is now offered at $384,900. It has water damage in the basement and may not qualify for normal financing. This is a good opportunity for a contractor or an owner occupant planni...
05/27/2008
Yes, low prices are attracting buyers to REO listings in Montgomery Village, Maryland 20886. This home is a good example. The previous owner purchased the property in March, 2006 at $345,000 and the lender is now offering it for sale at $249,900. This is a home owned by Countrywide Home Loans. ...
05/27/2008
Mortgage financing and REO homes. This is a new lender owned foreclosure available for sale in Clarksburg, Maryland. The lender is anxious to sell and is offering $20,000 in closing costs assistance to the buyer. The first step in the purchase is consideration of mortgage financing. Buyers sho...
05/27/2008
Buyers of REO homes should be prepared to use renovation financing if they wish to purchase properties with deferred maintenance and repair requirements. This home is a good example. It is a lender owned property offered for sale by Countrywide Home Loans. It was built in 1936 and has great pote...
05/27/2008
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Coaching advice from our friend Dirk Zeller at Real Estate Champions The 20-50-30 Rule Dirk ZellerCEOReal Estate Champions We have all been exposed to the 80/20 rule. This rule states that 80% of our results come from 20% of our labor, or 80% of our income will come from 20% of our clients. Whe...
05/27/2008
Note on the market for lender owned homes: The REO homes are selling at an increased pace. Buyers are now taking advantage of the low prices that can be negotiated along with the low interest rates. Many new buyers are using FHA financing for the low cash requirements. It is now easier to make t...
05/27/2008
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Business Booster tips from one of our favorite loan officers in Maryland. Paul McCauslandMortgage Consultant1st Mariner Mortgage Phone: 800-474-0387Fax: 301-948-3883pmc1960@yahoo.com Marketing 101 How to Stand Out from the Crowd The purpose of marketing is to obtain mental real estate. Comp...
05/26/2008
Most buyers do not think of looking at the foreclosures lists to find their dream home in the country. This lender owned farm house dating to 1900 may be just what you need for your horse loving family. Email us at roykelley@mris.com if you would like to have more information on this property or...
05/22/2008
Lenders are reducing the prices on REO homes until they are sold. This home in Urbana Highlands was just reduced $70,000. Please contact us for reports on lender owned foreclosures in Frederick County and Montgomery County. It is really a great market for buyers. The selection is large and the i...
05/22/2008
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Advice from Dirk Zeller at Real Estate Champions. What Real Estate Agents Are and Are Not Dirk ZellerCEOReal Estate Champions Real estate agents join doctors, dentists, attorneys, accountants and financial planners in the ranks of licensed professionals that provide guidance and counsel to clien...
05/22/2008
