Brand new 3,600 Sq Ft custom 5 bed 4 bath home on 1.1 Acre lot in exclusive subdivision with no POA fees or hassles outside Snow Hill in Worcester County Maryland.
$535,000.00 Pre-construction appraisal June 2006
$485,000.00 loaned July 2006
$3,600.00 only payment made on home August 2006 before the seller lost his job
$347,000.00 BPO Pre-foreclosure Broker Price Opinion January 2007
$351,000.00 February 2007 Auction cash on the table 30-day AS IS close
$421,000.00 Amount Freemont Savings would accept for a short sale
$394,000.00 March 2007 Foreclosure buyback amount on Courthouse Steps
$331,500.00 September 2007 REO Sale Amount to buyer who discovered property through auction marketing & dealt direct with REO management company (not lender) and beat them down $20,000.00 AFTER $50k foreclosure expenses and property damages.
The lender had been contacted and prepared for a ‘short-sale' by the auctioneer who delivered a complete package. The lender Freemont Savings was given a ‘cease and desist' by the FDIC to stop 80% - 20% sub prime loans such as this during the marketing period and laid off thousands of employees.
The Village of Nassawango is a very desirable community with senior county officials and many business executives calling it home for the large lots, secluded atmosphere, and private community setting without the hassles of expenses of a home owners association.
As one of only 321 Accredited Auctioneers of Real Estate (A.A.R.E.) in the USA the level of service offered by my company simply higher than 99.0% of the real estate professionals in the marketplace are capable of offering.
Lenders still refuse to deal with reality
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