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Montgomery County, MD Trustee Sales, Foreclosure Auctions, Homes For Sale - Alex Cooper Auctioneers

By
Industry Observer with Retired

Montgomery County, MD Trustee Sales, Foreclosure Auctions, Homes For Sale - Alex Cooper Auctioneers 

Trustee sale auctions are held at the county court houses in Maryland.  They are open to the public and all qualified bidders. These auctions of homes for sale are ordered by the secured mortgage lenders when borrowers default on their payment obligations. The indicated deposits must be in cash or certified funds. Most of the bidders use cashier's checks payable to themselves. Prospective bidders should carefully read the newspaper advertisements that appear for three weeks before the sales dates. If you do have experience and know the risks, seek professional advice before placing any bids on homes for sale at these real estate auctions.

Always check for cancellations since bankruptcy filings or reinstatements may stop sales.  Normally, these properties are not offered for inspection. Purchasers that plan to use mortgage financing should obtain a pre-approval letter from their mortgage lender. The lender needs to know that the property is being purchased in "as-is"condition and repairs may be required. Appraisers may not be able to access the interiors.

In the current market, the secured lenders are purchasing most of the homes that are sold. The lenders then offer the properties for sale when they become part of the REO inventory. We provide client reports on available REO properties. We represent home buyer clients as their exclusive agents.  All of the regular listings of homes for sale in the area may be viewed on Homes Prospector at roykelley@mris.com 

Visit www.alexcooper.com for a full schedule of the auctions scheduled by Alex Cooper Auctioneers.

  Life is good in Montgomery County, Maryland!

Homes For Sale, Trustee Sales, Foreclosure Auctions 

Blank spaces are cancelled sales.

Tuesday, April 5, 2011

Montgomery County

11:00 AM - 18328 Streamside Drive, Unit #203, Gaithersburg, 20879 Dep. $22,000. F&M

11:01 AM - 11437 Herefordshire Way, Germantown, 20876 Dep. $31,000. F&M

11:02 AM - 7611 Maple Avenue, Unit #702, Takoma Park, 20912 Dep. $15,000. F&M

11:03 AM - 10362 Castlehedge Terrace, Silver Spring, 20902 Dep. $3,500. F&M

11:04 AM - 2503 McVeary Court, Unit #D, Silver Spring, 20906 Dep. $22,000. F&M

11:05 AM

11:25 AM - 768 Princeton Pl., Unit #1, Rockville, 20850 Dep. $37,000. RA

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY CO.

Wednesday, April 6, 2011

Montgomery County

12:04 PM

12:06 PM

12:08 PM

12:10 PM - 602 E. Wayne Ave., Silver Spring, 20901 Dep. $45,000. BU

12:12 PM - 9304 Falls Bridge La., Potomac, 20854 Dep. $50,500. BU

12:14 PM - 13268 Meander Cove Dr., Unit #13, Germantown, 20874 Dep. $23,000. BU

12:30 PM - 9126 Bramble Bush Ct., Gaithersburg, 20879 Dep. $25,000. BGW

12:31 PM - 67 Midline Ct., Gaithersburg, 20878 Dep. $31,000. BGW

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY CO.

Wednesday, April 13, 2011

Montgomery County

11:00 AM - 11004 Bradbury Manor Ct., Silver Spring, 20901 Dep. $50,000. BU

11:02 AM - 1024 Cresthaven Dr., Silver Spring, 20903 Dep. $42,000. BU

11:20 AM - 9622 Horizon Run Rd., Gaithersburg, 20886 Dep. $20,000. BGW

11:21 AM - 20813 Ireland Ct., Unit #307, Germantown, 20874 Dep. $27,000. BGW

11:22 AM - 22117 Creekview Dr. a/r/t/a 22117 Creekview Ct., Gaithersburg, 20882 Dep. $65,000. BGW

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY CO.

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Larry Atkins
State Wide Realty Co. - Farmville, VA
Veteran Owned & Operated

Roy, these lists are great! It's amazing the deal one can get at these sales because so few people know about them. I'm sure local appreciate you keeping them informed!

Apr 05, 2011 06:20 AM
Roy Kelley
Retired - Gaithersburg, MD

Hi Larry:  The lenders are buying in most of the homes that are sold at trustee sales in Montgomery County, MD. Many investors see the trustee sales as a preview of what will later become available on the REO lists.

 Blooming for home buyers this spring!

 

Apr 05, 2011 06:42 AM