Roy Kelley

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ARCHIVED BLOG POSTS

2008 

How do you find the real estate bargains available in Potomac, Maryland?  Watch the inventory of lender owned foreclosures. The mortgage lenders are purchasing most of the homes that are sold at the trustee sale auctions at the court house door. The lenders then offer the homes for sale when they...
07/06/2008
THIS REPORT APPEARED IN THE RECENT KENTLANDS EXPRESS.  MANY HOME OWNERS ASSOCIATIONS ARE EXPERIENCING DELINQUENT ASSESSMENTS.  Mid-Year Budget Performance and Spending Report Written by: Peter Shiner, Treasurer   Fellow Citizens: There are three items that should be of interest to the citizens of...
07/06/2008
Harvey West Auctioneers has posted the following schedule of trustee sale auctions. Trustee sales are open to the public and all qualified bidders. The required deposits must be in the form of cash or certified funds. Always check for cancellations before attending the sales.  Prospective purchas...
07/06/2008
The Fisher Law Group has posted its schedule of trustee sales. These auctions are open to the public and all qualified bidders. Always check for cancellations before attending sales. And, do carefully read the advertisements for the sales for a clear understanding of the terms and conditions. Do ...
07/05/2008
Do you have your heart set on buying a home in Wormans Mill?  Watch for the bargains on the inventory of lender owned foreclosures. This home is being offered by Fannie Mae for a quick sale at $294,900. Lenders are highly motivated sellers because they need to reduce the number of homes in the RE...
07/05/2008
Market Conditions:  This report reflects the continuation of aggressive price reductions by lender owners in Montgomery County.  The reductions are leading to a much higher volume of sales. Lenders are doing what is necessary to reduce the excess inventory of REO properties. This is the most acti...
07/05/2008
Real estate bargain hunters should check the inventory of lender owned homes in Washington County, Maryland.  Fannie Mae is offering this REO home for sale in Boonsboro. The previous owner paid $450,000 for this home in early 2007.  The lender foreclosed on the defaulted mortgage loan and the pro...
07/05/2008
HUD just listed an FHA foreclosure for sale in Frederick County, Maryland. When HUD homes are first offered, they are available only to owner occupant purchasers and not available to investors. It is best to use FHA financing and this condo has a $505 repair escrow. The deadline for submitting yo...
07/05/2008
The following is a list of trustee sales scheduled by Alex Cooper Auctioneers for the coming week in Prince George's County, Maryland. Trustee sale auctions are open to the public and all qualified bidders. Always check for cancellations before attending the sales. The required deposits must be i...
07/04/2008
The following is a list of trustee sales scheduled by Alex Cooper Auctioneers for the coming week in Frederick County, Maryland. Trustee sale auctions are open to the public and all qualified bidders. Always check for cancellations before attending the sales. The required deposits must be in cash...
07/04/2008
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