preforeclosures: Thinking of buying a short-sale home? - 11/04/11 01:30 AM
Thinking of buying a short-sale home?
Be prepared to be patient.
 
Guest Blog By Harvey S. Jacobs, from Washington Post 
 
We hear quite a bit today about homes selling in "short sales." But just what is a short sale, and how can a prospective home buyer buy a home that is subject to a short sale?
 
A short sale occurs when a homeowner agrees to sell his home to an independent, third-party buyer for less than the outstanding balance on his mortgage. In other words, the net sales proceeds from his sale still leave the homeowner "short" … (9 comments)

preforeclosures: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/29/11 - 08/29/11 05:33 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/29/11
96 (3%) of the 3,283 homes for sale in Montgomery County, MD are REO properties while 562 (17%) are short sale pre-foreclosures.
Home buyers are facing 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.
The Housing Opportunities Commission of Montgomery County (HOC) offers a low mortgage interest rate with zero points for a 30 year fixed rate FHA loan.  HOC also … (5 comments)

preforeclosures: Prince George's County, Maryland Foreclosures Update Rev. 8/23/11 - 08/23/11 06:12 AM
Prince George's County, Maryland Foreclosures Update  Rev. 8/23/11 
There are 4,368 active listings of homes for sale in Prince George's County MD.  513 (12%) of the homes for sale are lender owned foreclosures.  1,704 (39%) are short sale pre-foreclosures.  51% of the available properties are lender owned foreclosures or short sale pre-foreclosures.   Mortgage Financing:  Prospective purchasers need to be aware of the changes that have take place and understand the current requirements for obtaining mortgage financing.  All should anticipate fully documented mortgage applications that may be considered to be intrusive. Different mortgage products are offered by different lenders.  Do not … (6 comments)

preforeclosures: Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/23/11 - 08/23/11 04:51 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/23/11 
There are 1,273 active listings of homes for sale in Frederick County, MD.  43 (3%) of the properties are lender owned foreclosures and 262 (21%) are short sale pre-foreclosures.   Mortgage interest rates are very low and there is a good selection of properties at very attractive prices. Those that plan to buy a home within the next couple of years might find that this summer is be best time for the purchase.   Special Notice:  If you plan a 2011 purchase in Frederick County, please allow us to set … (3 comments)

preforeclosures: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/22/11 - 08/22/11 05:21 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/22/11
103 (3%) of the 3,337 homes for sale in Montgomery County, MD are REO properties while 568 (17%) are short sale pre-foreclosures.
Home buyers are facing 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.
The Housing Opportunities Commission of Montgomery County (HOC) offers a low mortgage interest rate with zero points for a 30 year fixed rate FHA loan.  HOC also … (1 comments)

preforeclosures: Washington County, MD Foreclosures & Short Sales Update Rev. 8/16/11 - 08/16/11 12:54 PM
Washington County, MD Foreclosures & Short Sales Update Rev. 8/16/11
There are 868 homes for sale in Washington County, MD.  36 (4%) of the active listings are lender owned foreclosures and 122 (14%) are short sale pre-foreclosure offerings.   Loan Limit Reduction:  The "temporary" mortgage loan limits that are now in place will expire on September 30, 2011.  All loans using the temporary limits must settle on or before September 30th.     RE/MAX Realty Group Preferred Lender:  Joe Salisbury at Presidential Bank Mortgage, joe@presidential.com, 301-590-8911 x 209 is the Preferred Lender for our office.   Lender Owned Homes:      … (3 comments)

preforeclosures: Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/16/11 - 08/16/11 03:19 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/16/11 
There are 1,259 active listings of homes for sale in Frederick County, MD.  41 (3%) of the properties are lender owned foreclosures and 250 (20%) are short sale pre-foreclosures.   Mortgage interest rates are very low and there is a good selection of properties at very attractive prices. Those that plan to buy a home within the next couple of years might find that this summer is be best time for the purchase.   Loan Limit Reduction:  The "temporary" mortgage loan limits that are now in place will expire on … (7 comments)

preforeclosures: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/15/11 - 08/15/11 04:32 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/15/11
92 (3%) of the 3,356 homes for sale in Montgomery County, MD are REO properties while 566 (17%) are short sale pre-foreclosures.
Home buyers are facing 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.
The Housing Opportunities Commission of Montgomery County (HOC) offers a mortgage interest rate of 4.5% with zero points for a 30 year fixed rate FHA loan.  HOC … (3 comments)

preforeclosures: Prince George's County, Maryland Foreclosures Update Rev. 8/10/11 - 08/10/11 04:59 AM
Prince George's County, Maryland Foreclosures Update  Rev. 8/10/11 
There are 4,273 active listings of homes for sale in Prince George's County MD.  502 (12%) of the homes for sale are lender owned foreclosures.  1,652 (39%) are short sale pre-foreclosures.  51% of the available properties are lender owned foreclosures or short sale pre-foreclosures.   Mortgage Financing:  Prospective purchasers need to be aware of the changes that have take place and understand the current requirements for obtaining mortgage financing.  All should anticipate fully documented mortgage applications that may be considered to be intrusive. Different mortgage products are offered by different lenders.  Do not … (2 comments)

preforeclosures: Washington County, MD Foreclosures & Short Sales Update Rev. 8/9/11 - 08/09/11 03:07 AM
Washington County, MD Foreclosures & Short Sales Update Rev. 8/9/11
There are 881 homes for sale in Washington County, MD.  38 (4%) of the active listings are lender owned foreclosures and 124 (14%) are short sale pre-foreclosure offerings.   Lender Owned Homes:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146531246-853   Short Sale Pre-foreclosures:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146531262-600   Washington County, Maryland Real Estate Market Statistics:  During June, 2011, there were 134 closed sales and the average sold price was $152,279, down 13.04% from last year, with an average of 136 days on … (7 comments)

preforeclosures: Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/9/11 - 08/09/11 02:51 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/9/11
  There are 1,245 active listings of homes for sale in Frederick County, MD.  40 (3%) of the properties are lender owned foreclosures and 252 (20%) are short sale pre-foreclosures.   Mortgage interest rates are very low and there is a good selection of properties at very attractive prices. Those that plan to buy a home within the next couple of years might find that this summer is be best time for the purchase.   Lender Owned Homes:     Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146531196-482   The … (2 comments)

preforeclosures: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/8/11 - 08/08/11 03:35 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/8/11
99 (3%) of the 3,370 homes for sale in Montgomery County, MD are REO properties while 551 (16%) are short sale pre-foreclosures.
Home buyers are facing 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.
The Housing Opportunities Commission of Montgomery County (HOC) offers a mortgage interest rate of 4.5% with zero points for a 30 year fixed rate FHA loan.  HOC … (2 comments)

preforeclosures: Homes For Sale In Germantown, Maryland 8/4/11 - 08/04/11 08:20 AM
Homes For Sale In Germantown, Maryland  8/4/11
Today, there are 249 homes for sale in Germantown, Maryland.  84 (34%) of the active listings are short sale pre-foreclosures and 17 (7%) are lender owned foreclosures (REO).  148 (59%) are listings that are not designated as short sales or foreclosures.  In summary, 41% of the available homes are either short sales or foreclosures.
Active listings not designated as short sales or foreclosures:
41 homes are priced at $250,000 or less
Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146204200-37
108 homes are priced at $250,000 or more.
Click the following URL to see the … (7 comments)

preforeclosures: Washington County, MD Foreclosures & Short Sales Update 8/3/11 - 08/03/11 07:48 AM
Washington County, MD Foreclosures & Short Sales Update 8/3/11 
There are 893 homes for sale in Washington County, MD.  45 (5%) of the active listings are lender owned foreclosures and 122 (14%) are short sale pre-foreclosure offerings.   Lender Owned Homes:      Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146118716-171   Short Sale Pre-foreclosures:      Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146118900-895   Washington County, Maryland Real Estate Market Statistics:  During June, 2011, there were 134 closed sales and the average sold price was $152,279, down 13.04% from last year, with an average of 136 days on the … (4 comments)

preforeclosures: Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/3/11 - 08/03/11 07:02 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 8/3/11  
There are 1,238 active listings of homes for sale in Frederick County, MD.  39 (3%) of the properties are lender owned foreclosures and 248 (20%) are short sale pre-foreclosures.   Mortgage interest rates are very low and there is a good selection of properties at very attractive prices. Those that plan to buy a home within the next couple of years might find that this summer is be best time for the purchase.   Lender Owned Homes:     Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-146113062-993   The mortgage … (2 comments)

preforeclosures: Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/1/11 - 08/01/11 04:19 AM
Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 8/1/11
101 (3%) of the 3,373 homes for sale in Montgomery County, MD are REO properties while 539 (16%) are short sale pre-foreclosures.
The residential real estate market is very active in Montgomery County, MD.  Home buyers are anxious to take advantage of the attractive prices and the very low mortgage interest rates.  Home buyers are facing 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 … (11 comments)

preforeclosures: Gaithersburg & Montgomery Village, MD Homes For Sale For $250,000 Or Less - 118 Properties - 07/29/11 04:09 AM
Gaithersburg & Montgomery Village, MD  Homes For Sale For $250,000 Or Less - 118 Properties
Active Listings, Short Sales, REO Listings Of Lender Owned Foreclosures   There are 118 homes for sale in Gaithersburg and Montgomery Village, MD.  60 (51%) are short sale pre-foreclosure listings and 12 (10%) are lender owned foreclosures (REO).  61% of the available homes are either foreclosures or pre-foreclosures.   Investor Alert - Please contact us if you need a report like this for another zip code.   What is available in homes for sale for $250,000 or less?   This is a question that is being … (10 comments)

preforeclosures: Frederick County, MD Foreclosures & Short Sales Update - Rev. 7/26/11 - 07/26/11 03:25 AM
Frederick County, MD Foreclosures & Short Sales Update - Rev. 7/26/11
  There are 1,278 active listings of homes for sale in Frederick County, MD.  41 (3%) of the properties are lender owned foreclosures and 251 (20%) are short sale pre-foreclosures.   Home buyers in Frederick County are anxious to take advantage of the attractive prices and the very low mortgage interest rates.  Real estate investors are building their rental portfolios and are frequently competing with first time home buyers.   Home buyers and home sellers need to be aware of the categories of properties they are considering.  The dynamics of … (3 comments)

preforeclosures: Prince George's County, Maryland Foreclosures Update, 7/21/11 - 07/21/11 05:09 AM
Prince George's County, Maryland Foreclosures Update 
There are 4,466 active listings of homes for sale in Prince George's County MD.  558 (12%) of the homes for sale are lender owned foreclosures.  1,699 (38%) are short sale pre-foreclosures.  50% of the available properties are lender owned foreclosures or short sale pre-foreclosures.   Mortgage Financing:  Prospective purchasers need to be aware of the changes that have take place and understand the current requirements for obtaining mortgage financing.  All should anticipate fully documented mortgage applications that may be considered to be intrusive. Different mortgage products are offered by different lenders.  Do not expect to find … (0 comments)

preforeclosures: Washington County, MD Foreclosures & Short Sales Update - 07/21/11 04:09 AM
Washington County, MD Foreclosures & Short Sales Update
There are 908 homes for sale in Washington County, MD.  52 (6%) of the active listings are lender owned foreclosures and 121 (13%) are short sale pre-foreclosure offerings.   Lender Owned Homes:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-145148062-366   Short Sale Pre-foreclosures:      Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-145148079-320   Washington County, Maryland Real Estate Market Statistics:  During June, 2011, there were 134 closed sales and the average sold price was $152,279, down 13.04% from last year, with an average of 136 days on the market. … (0 comments)

 


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