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Short Sales And Foreclosures Maryland - Short Sale & Foreclosure Report for Montgomery (MOCO) and Frederick (FRECO) Counties

By Fernando Herboso - Associate Broker MD, & VA

Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

November 29, 2009 11:02 PM

Short Sales MD and Foreclosures MD

   Montgomery County - Frederick County
   WEEKLY MARKET REPORT for All:

   FORECLOSURES and SHORT SALES

FRECO (Frederick County) and MOCO(Montgomery County) in MD
Foreclosures Report for the month of NOVEMBER 2009 (as of Nov.30th, 2009)

This month’s Standard & Poor’s report noted the fact that so many option-ARM borrowers
owe more than when they first bought their homes due to accumulating unpaid interest
and a large number of loans bought in the 2004 boom are coming due for their five-year
reset when they become standard amortizing loans, throwing many loan-to-value ratios
out of whack and monthly mortgage payments more than doubling in some cases.

Foreclosures are here to stay for a little while longer. . .

Please call Fernando to help you strategize your particular mortgage problem. .

if you are facing a difficult time making your own mortgage payments. . 240-898-1848 xt #1

This is a complete weekly report for our neck of the woods. .
with the latest data taken for the MRIS for
all FORECLOSURES. . . including Bank Owned Properties,
REO'S and Auction Properties in Montgomery County and Frederick County
in Maryland

FORECLOSURES SOLD in MONTGOMERY COUNTY in 2009

FORECLOSURES SOLD so far in NOV. 2009 : 102
FORECLOSURES SOLD in OCTOBER 2009 : 152
FORECLOSURES SOLD in SEPTEMBER 2009 :  113
FORECLOSURES SOLD in AUGUST 2009 : 139
FORECLOSURES SOLD in JULY 2009 : 126
FORECLOSURES SOLD in JUNE 2009 : 194
  FORECLOSURES SOLD in MAY 2009 : 173
MOCO FORECLOSURES SOLD so far in 2009 : 1330

"For June 2009 over 30% of SOLD properties in the US
where DISTRESSED PROPERTIES"

FORECLOSURES SOLD in FREDERICK COUNTY in 2009
   FORECLOSURES SOLD so far in NOV. 2009 :  27
FORECLOSURES SOLD in OCTOBER 2009 : 40
FORECLOSURES SOLD in SEPTEMBER 2009 :  45
   FORECLOSURES SOLD in AUGUST 2009 : 51
      FORECLOSURES SOLD in JULY 2009 : 60
FORECLOSURES SOLD in JUNE 2009 : 72
  FORECLOSURES SOLD in MAY 2009 : 66
   FRECO  FORECLOSURES SOLD so far in 2009: 462

pssstt. . we have just completed a list of foreclosures for both these counties. ..want one?

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Should I Keep On Paying For My Mortgage If I do a Short Sale?

This is a loaded question for a lot Realtors

Richard P. Zaretsky, Esq. an attorney shares with us his thoughts about homeowners contemplating a short sale "should I keep on paying my mortgage"

The homeowner is the only person that should make the decision. . .but if you are asking the bank to accept a short sale. .

WHERE IS THE HARDSHIP?? If you are UP TO DATE ON YOUR MORTGAGE? . .

In another words. . WHERE IS THE BEEF? See Rest Of The Article

Short sales aren't as difficult as some people make them sound, but they can require patience; Not everyone is going to qualify for a short sale; And you need to be aware of the costs and benefits of a foreclosure versus a short sale.

Call me for a consultation
240-426-5754

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SHORT SALES SOLD in MONTGOMERY COUNTY in 2009


  Short Sales SOLD so far in NOV. 2009 : 74
Short Sales SOLD in OCTOBER 2009 :  91
Short Sales SOLD in SEPTEMBER 2009 :  108
SHORT SALES SOLD in AUGUST 2009 : 105
   SHORT SALES SOLD in JULY 2009 : 111
   SHORT SALES SOLD in JUNE 2009 : 123
SHORT SALES SOLD in MAY 2009 : 92
MOCO  SHORT SALES SOLD so far in 2009 : 797

FACT : You should try a loan modification first before a short sale. . .

SHORT SALES SOLD in FREDERICK COUNTY in 2009
     Short Sales SOLD so far in NOV. 2009 : 29
   Short Sales SOLD in OCTOBER 2009 :  34
   Short Sales SOLD in SEPTEMBER 2009 :  26
   SHORT SALES SOLD in AUGUST 2009 : 24
   SHORT SALES SOLD in JULY 2009 : 21
   SHORT SALES SOLD in JUNE 2009 : 32
   SHORT SALES SOLD in MAY 2009 : 31
FRECO SHORT SALES SOLD so far in 2009 2009 : 229

HELP HERE
>

Doing this report in a weekly basis, we keep the pulse of the market in the Maryland Region

and the massive supply of homes in the PRE-FORECLOSURE process will continue to grow for months to come . .

please email me if you have any questions

Fernando@Herboso.com

I want you to know that you may call me for any reason. And please let me know
if a friend, family member or neighbor needs a caring, competent real estate
professional to help in buying or selling. I truly appreciate your friendship and referrals. My direct number is 240-426-5754