foreclosures: TRUSTEE SALES - FREDERICK COUNTY, MARYLAND - ALEX COOPER AUCTIONEERS - 10/02/08 07:00 AM
The surge of foreclosures continues in Frederick County
TRUSTEE SALES - FREDERICK COUNTY, MARYLAND
The following trustee sales auctions are posted by Alex Cooper Auctioneers at their website:  www.alexcooper.com  This is one of the several auction companies that conduct trustee sales.
Trustee sales are open to the public and all qualified bidders. The required deposits must be in cash or certified funds. Bidders should carefully read the newspaper advertisements for the terms and conditions. Seek professional advice if you lack knowledge or experience.
In the current market, most of the properties that are sold at trustee sales are purchased by the secured mortgage … (7 comments)

foreclosures: REO BARGAIN - TUSCARORA CREEK POND - 2050 WILCOX VALLEY RD, FREDERICK, MD 21702 - 09/02/08 06:15 AM
REO BARGAIN - TUSCARORA CREEK POND, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Frederick County, MD.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for … (5 comments)

foreclosures: RIDGEVILLE HEIGHTS REO BARGAIN - 1508 RISING RIDGE RD, MOUNT AIRY, MD 21771 - 09/02/08 05:41 AM
RIDGEVILLE HEIGHTS REO BARGAIN - MOUNT AIRY, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (6 comments)

foreclosures: MIDDLETOWN REO BARGAIN - 519 MAIN ST, MIDDLETOWN, MD 21769 - 09/02/08 04:40 AM
 REO BARGAIN - MIDDLETOWN, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes.  … (6 comments)

foreclosures: GALYN MANOR REO BARGAIN - 10 JEFFREY LN, BRUNSWICK, MD 21758 - 09/02/08 04:18 AM
WELLS FARGO REO BARGAIN - GALYN MANOR, BRUNSWICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing … (7 comments)

foreclosures: REO BARGAIN - CLOVER RIDGE - 101 ELLINGWOOD LN, FREDERICK, MD 21702 - 09/02/08 03:55 AM
REO BARGAIN - CLOVER RIDGE, FREDERICK, MARYLAND
September home buyers need to watch the inventory of lender owned homes.  The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season.  Prices are reduced until the homes are under contract.  It is a good time to make offers.  Let us show you how to be the successful purchaser of a REO property.
Many families are using FHA financing for the low cash requirement and easier underwriting requirements.  Recent changes by the White House made FHA even more attractive for use when purchasing lender … (7 comments)

foreclosures: REO PRICE REDUCTION - 11944 BAMBI CT, GAITHERSBURG, MD 20878 - 08/31/08 07:34 AM
 REO PRICE REDUCTION - QUINCE ORCHARD MANOR, GAITHERSBURG, MARYLAND
September home buyers will find bargain prices on the list of lender owned homes in Montgomery County, MD. The lenders have an excess inventory of owned properties and are reducing the prices until they are sold.
Many families are using FHA financing for the low cash requirement and the ability to have lender paid closing costs assistance. FHA also has renovation financing if you wish to make improvements.  Ask us for a referral to a loan officer. 
We represent buyer clients as their exclusive agents. We will show you how to be successful with the purchase of REO homes. Let … (18 comments)

foreclosures: WOULD YOU INVITE YOUR LOAN OFFICER TO DINNER? - 08/31/08 07:00 AM
WOULD YOU INVITE YOUR LOAN OFFICER TO DINNER?  
Home buyers are finding that the changes in underwriting requirements have created a more limited selection of mortgage loan products. And, for many, it is much more difficult to finance a home purchase.  
However, we find that many buyers are not taking the needed time to select the best lender and the best loan officer to advise them and to provide the financing that will best meet the needs of that  family. We hear too often that the prospect has called an 800 number for a lender and is hoping that what … (19 comments)

foreclosures: MONTGOMERY VILLAGE REAL ESTATE ACTIVITY - 08/31/08 06:20 AM
MONTGOMERY VILLAGE REAL ESTATE ACTIVITY  
The bad news about residential real estate in Montgomery Village is the large numbers of foreclosures and the resulting lender owned homes. The surge in foreclosures on mortgage loans originated in 2005, 2006 and 2007 has created this adverse situation.  
The good news is that the volume of sales is strong and the lender owned inventory will be quickly reduced.  What is happening?  Investors are back and purchasing properties for rentals. One of our long term investor clients bought a townhouse in Montgomery Village a couple of weeks ago and advised that he will … (18 comments)

foreclosures: ASHTON VILLAGE REO - 5 ORION CLUB DR, ASHTON, MD 20861 - 08/30/08 04:52 AM
 ASHTON VILLAGE REO - ASHTON, MARYLAND
Bargain hunters make note.  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD,  The result of the surge in foreclosures is that the lenders now own an excessive number of properties.  The lenders are highly motivated sellers and are reducing the prices until the homes are under contract.  Allow us to show you how to successfully purchase a lender owned foreclosure.
Many families are using FHA financing for the low cash requirement and the ability to have the seller assist with closing costs. FHA also offers renovation financing if you wish to … (21 comments)

foreclosures: NEW COUNTRYWIDE REO LISTING - 18419 HALLMARK CT, GAITHERSBURG, MD 20879 - 08/29/08 06:31 AM
NEW COUNTRYWIDE REO LISTING - GAITHERSBURG, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Montgomery County for home purchase bargains.  The lenders have a surplus supply of owned foreclosures and are very anxious to sell them quickly.  Talk with us about making offers on REO properties.  We will show you how to make a successful purchase.  
Many families are using FHA financing for the low cash requirement. Ask us for the name of a loan officer for pre-approval.  You will need a lender letter from Countywide when you submit your contract. Check with us for … (16 comments)

foreclosures: NEW COUNTRYWIDE REO LISTING - 13205 DUMBARTON DR, ROCKVILLE, MD 20853 - 08/29/08 06:25 AM
NEW COUNTRYWIDE REO LISTING - ROCKVILLE, MARYLAND
September home buyers need to watch the inventory of lender owned homes in Montgomery County for home purchase bargains.  The lenders have a surplus supply of owned foreclosures and are very anxious to sell them quickly.  Talk with us about making offers on REO properties.  We will show you how to make a successful purchase.  
Many families are using FHA financing for the low cash requirement. Ask us for the name of a loan officer for pre-approval.  You will need a lender letter from Countywide when you submit your contract. Check with us for … (14 comments)

foreclosures: Montgomery Village Impacted by Foreclosures Surge- Montgomery County, Maryland - 04/11/08 06:16 AM
Montgomery Village is being impacted by the current surge of foreclosures and the resulting lender owned homes. Most of the foreclosures are on loans made in 2005, 2006 and 2007. This has created a buyers market.  
It is a good time for investors and first time buyers to be looking for home bargains. Roy Kelley & Associates provides a free list of lender owned homes for buyer clients.  
Metropolitan Regional Information Systems, Inc.   ZIP Code Statistics - <$100K to >$5M Format
ZIP Code: 20886 Montgomery Village, MD From: 03/01/2008 to 03/31/2008   
Roy Kelley, Associate Broker, RE/MAX Realty Group, roykelley@mris.com
Client Assistance: … (1 comments)

foreclosures: New Maryland Foreclosure Process - 04/08/08 04:50 AM
New Maryland Foreclosure Process Governor O'Malley Signs Emergency Legislation to Protect Homeownership
Foreclosure Law Summary
                                                   
SB 216/HB 365 - Foreclosure Process
Requires a mortgage or other security instrument on residential property to contain the license number of a mortgage originator or mortgage lender.  This provision would allow regulators to track which mortgage providers have the highest foreclosure and default rates. Prohibits filing an action to foreclose on residential property until the later of: 90 days after default 45 days after the "Notice of Intent to Foreclose" (Notice) is sent Prohibits the foreclosure sale from taking place sooner than 45 days after the service … (2 comments)

foreclosures: Home Savvy Magazine From Roy Kelley & Associates - 04/02/08 02:56 AM
We provide the Home Savvy Magazine to our clients each month. This is a copy of the link that we are emailing today.  Home Savvy Magazine is an excellent product and we recommend it to other real estate professionals.
April, 2008 Home Savvy Magazine From Roy Kelley & Associates  
This is the link to your current Home Savvy Magazine:   http://richardson.homesavvymagazine.com/02_roykelley/
This magazine is provided by Kevin Richardson at Richardson Home Inspections, LLC, 301-942-4610  
Market Conditions:  It is a real estate buyer's market in suburban Maryland and in most of the rest of the country. The inventory offers the largest … (2 comments)

foreclosures: Wave of Foreclosures Drives Prices Lower - 03/25/08 06:51 AM
 
 Front Page of today's Wall Street Journal
Wave of Foreclosures Drives
Prices Lower, Lures Buyers
A glut of foreclosed homes of historic proportions is starting to drive down U.S. home prices faster as lenders put more properties on the market and buyers show signs of interest.
URL for this article:
http://online.wsj.com/article/SB120640573882561087.html

(5 comments)

 


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