roy kelley: Does the seller actually have ownership of the REO listing?
- 03/18/10 04:16 AM
Does the seller actually have ownership of the REO listing?
One of our associates was telling us a story about a new REO listing. The listing agent listed the property as instructed by the asset manager and immediately received an acceptable contract.
Notice then came that the court had not approved the trustee sale. In Maryland, the court must approve trustee sales. This is a process that takes a minimum of 30 days. After the court approval, the property is scheduled for settlement and the purchaser receives the title to the property.
In this case, the REO property was listed before … (2 comments)
|
roy kelley: HUD Approved Condo?
- 03/18/10 03:06 AM
HUD Approved Condo?
Check for HUD approval before submitting a FHA contract on a condo.
https://entp.hud.gov/idapp/html/condlook.cfm lets you know whether a condominium property is approved for FHA financing.
Search by city and state to find properties that are already "HRAP/DELRAP" approved.
If the condo of interest is not on this list, prospective home buyers and their buyer agent should talk with the home buyer's lender for suggested solutions.
… (0 comments)
|
roy kelley: Short Sale Fraud Warning Signs
- 03/18/10 02:31 AM
Short sale home sellers and their agents need to be very careful when considering offers from investors.
Thanks to Jonathan Osman for sharing this information on ActiveRain.
Short Sale Fraud Warning Signs
FRAUD: intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right b : an act of deceiving or misrepresenting. (Merriam-Webster Dictionary)
It's a scary word in the the real estate industry (and in any industry) and unfortunately the turn in the real estate market has sent the scam artists out in force with an army of desperate … (0 comments)
|
roy kelley: Charleston, SC - Firsts and Oldest of The Holy City
- 03/17/10 07:02 AM
Thanks for Joye for posting this interesting information on Charleston. A nice place for a long weekend, a vacation or a retirement home.
Charleston, South Carolina (The Holy City) First and Oldest
1700: America's first public library, located on St. Philips Street
1706: Oldest Surviving church, Old St. Andrew's Parish Church
1707: America's first woman artist, Henrietta Johnson, portrait artist
1735: First opera performed at the courtroom in Charles Town.
1736: First Fire insurance in America,
the "Friendly Society for Mutual Insurance of Houses against Fire"
1736: First building constructed solely for use … (0 comments)
|
roy kelley: New Market MD 21774 Real Estate
- 03/17/10 06:39 AM
New Market MD 21774 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 22 new listings and 7 went to pending new contracts. The sold dollar volume was up 64.37 % from last year. The number of homes sold was 6 from 4 last year. The average days on the market was 55 days from 281 days last year. The average sale price was 88.62% of the average list price. The … (0 comments)
|
roy kelley: Mount Airy MD 21771 Real Estate
- 03/17/10 06:24 AM
Mount Airy MD 21771 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 22 new listings and 16 went to pending new contracts. The sold dollar volume was down 10.11% from last year. The number of homes sold was 13 from 13 last year. The average days on the market was 132 days from 139 days last year. The average sale price was 87.10% of the average list price. The median … (0 comments)
|
roy kelley: Frederick MD 21701 Real Estate
- 03/17/10 06:11 AM
Frederick MD 21701 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 73 new listings and 49 went to pending new contracts. The sold dollar volume was up 143.52% from last year. The number of homes sold was 28 from 14 last year. The average days on the market was 54 days from 144 days last year. The average sale price was 93.96% of the average list price. The median sold … (1 comments)
|
roy kelley: Burtonsville MD 20866 Real Estate
- 03/17/10 05:46 AM
Burtonsville MD 20866 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 13 new listings and 15 went to pending new contracts. The sold dollar volume was down 31.75% from last year. The number of homes sold was 4 from 4 last year. The average days on the market was 89 days from 83 days last year. The average sale price was 98.81% of the average list price. The median sold … (0 comments)
|
roy kelley: Rockville MD 20852 Real Estate
- 03/17/10 05:16 AM
Rockville MD 20852 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 51 new listings and 32 went to pending new contracts. The sold dollar volume was up 77.73% from last year. The number of homes sold was 31 from 21 last year. The average days on the market was 67 days from 123 days last year. The average sale price was 94.33% of the average list price. The median sold … (0 comments)
|
roy kelley: Kensington MD 20895 Real Estate
- 03/17/10 03:43 AM
Kensington MD 20895 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 17 new listings and 11 went to pending new contracts. The sold dollar volume was down 11.31% from last year. The number of homes sold was 10 from 12 last year. The average days on the market was 63 days from 229 days last year. The average sale price was 92.10% of the average list price. The median sold … (0 comments)
|
roy kelley: Gaithersburg/Laytonsville MD 20882 Real Estate
- 03/17/10 03:10 AM
Gaithersburg/Laytonsville MD 20882 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 15 new listings and 10 went to pending new contracts. The sold dollar volume was up 91.42% from last year. The number of homes sold was 8 from 5 last year. The average days on the market was 242 days from 160 days last year. The average sale price was 88.71% of the average list price. The median sold … (0 comments)
|
roy kelley: Clocks? Check. Smoke alarms? Check. Carbon monoxide detectors? Check. Fire extinguishers? Oooops.
- 03/16/10 11:44 PM
Clocks? Check. Smoke alarms? Check. Carbon monoxide detectors? Check. Fire extinguishers? Oooops.
I'm hoping that by now everyone has set their clocks forward one hour to begin Daylight Savings Time.
Well, except for our friends in Arizona who continue to be stubborn, obstinate, mulish, obdurate.... Heck, even Tijuana finally came around to Daylight Savings Time and they aren't even in the United States! ☺☻☻☺
I'm also hoping that everyone, whether or not on Daylight Savings Time, replaced the batteries in their smoke alarms and carbon monoxide detectors, or took this opportunity to install carbon monoxide detectors if they didn't have them.
… (3 comments)
|
roy kelley: Bethesda MD 20817 Real Estate
- 03/16/10 08:36 AM
Bethesda MD 20817 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 28 new listings and 25 went to pending new contracts. The sold dollar volume was up 36.78% from last year. The number of homes sold was 21 from 18 last year. The average days on the market was 55 days from 113 days last year. The average sale price was 92.96% of the average list price. The median sold … (0 comments)
|
roy kelley: Olney MD 20832 Real Estate
- 03/16/10 08:14 AM
Olney MD 20832 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 22 new listings and 19 went to pending new contracts. The sold dollar volume was up 77.72% from last year. The number of homes sold was 14 from 8 last year. The average days on the market was 78 days from 65 days last year. The average sale price was 93.98% of the average list price. The median sold … (0 comments)
|
roy kelley: Boyds MD 20841 Real Estate
- 03/16/10 07:49 AM
Boyds MD 20841 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 9 new listings and 7 went to pending new contracts. The sold dollar volume was down 71.88% from last year. The number of homes sold was 1 from 5 last year. The 25 active listings include 1 short sale property and 2 lender owned foreclosures.
Take action now if you need to be under contract by April 30 … (0 comments)
|
roy kelley: Poolesville MD 20837 Real Estate
- 03/16/10 07:20 AM
Poolesville MD 20837 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 7 new listings and 4 went to pending new contracts. The number of homes sold was 4 from 0 last year. The 24 active listings include 1 short sale properties and 2 lender owned foreclosures.
Take action now if you need to be under contract by April 30 to qualify for the tax credit. This is for first … (0 comments)
|
roy kelley: Gaithersburg MD 20877 Real Estate
- 03/16/10 03:46 AM
Gaithersburg MD 20877 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 29 new listings and 37 went to pending new contracts. The sold dollar volume was down 29.34% from last year. The number of homes sold was 21 from 24 last year. The average days on the market was 67 days from 100 days last year. The average sale price was 91.90% of the average list price. The median sold … (0 comments)
|
roy kelley: Gaithersburg MD 20879 Real Estate
- 03/16/10 03:25 AM
Gaithersburg MD 20879 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 35 new listings and 22 went to pending new contracts. The sold dollar volume was up 42.49% from last year. The number of homes sold was 18 from 12 last year. The average days on the market was 104 days from 127 days last year. The average sale price was 97.70% of the average list price. The median sold … (0 comments)
|
roy kelley: Damascus MD 20872 Real Estate
- 03/16/10 03:05 AM
Damascus MD 20872 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 14 new listings and 13 went to pending new contracts. The sold dollar volume was up 22.68% from last year. The number of homes sold was 11from 7 last year. The average days on the market was 113 days from 129 days last year. The average sale price was 94.43% of the average list price. The median sold price … (0 comments)
|
roy kelley: Derwood MD 20855 Real Estate
- 03/16/10 02:36 AM
Derwood MD 20855 Real Estate
Home owners and prospective purchasers want to know the trends of the local real estate market. The following statistics are for the past month and are compared with the same month last year. There were 12 new listings and 8 went to pending new contracts. The sold dollar volume was up 36.04% from last year. The number of homes sold was 5 from 5 last year. The average days on the market was 43 days from 61 days last year. The average sale price was 98.59% of the average list price. The median sold … (0 comments)
|
Does the seller actually have ownership of the REO listing?
;)
;)
;)
