ARCHIVED BLOG POSTS

2008 

Deleted  
08/31/2008
WOULD YOU INVITE YOUR LOAN OFFICER TO DINNER?   Home buyers are finding that the changes in underwriting requirements have created a more limited selection of mortgage loan products. And, for many, it is much more difficult to finance a home purchase.   However, we find that many buyers are not t...
08/31/2008
MONTGOMERY VILLAGE REAL ESTATE ACTIVITY   The bad news about residential real estate in Montgomery Village is the large numbers of foreclosures and the resulting lender owned homes. The surge in foreclosures on mortgage loans originated in 2005, 2006 and 2007 has created this adverse situation.  ...
08/31/2008
MARYLAND RENAISSANCE FESTIVAL   Dolores and I searched for the best activities in Maryland for a Labor Day day trip.  We decided to attend the Maryland Renaissance Festival when it was recommended by a co-worker that attends every year.  My friend reported that he goes to eat and his wife goes to...
08/31/2008
HOW TO FINANCE NEEDED RENOVATION WHEN YOU PURCHASE A FORECLOSURE Renovation Financing for REO Homes   As REO agents, we see hundreds of homes that need repairs or improvements. When homes go through the foreclosure process, most of the owners do not have the funds to cover normal maintenance need...
08/31/2008
NOTICE:  If you asked about this home last week and were advised that it was under contract, we want you to know that it is back on the market.  This is a really nice home with great curb appeal.  Contact us if you would like to see it.   MAJOR PRICE REDUCTION ON REO - PEACH TREE ROAD, MONTGOMERY...
08/31/2008
PRE-CONTRACT INSPECTIONS OF REO LISTINGS  We received a call from a prospective buyer of one of our Countrywide Home Loans REO properties.  He asked if he could have a pre-contract home inspection to advise him of the condition of the home before he submitted a contract. This was a reasonable req...
08/31/2008
Market Conditions:   We have a surplus inventory of homes for sale in Montgomery County, MD. So, the buyer's market will continue for the coming months.  The residential market is very active and sales are brisk, as buyers take advantage of the available bargains in the inventory of lender owned ...
08/31/2008
KENSINGTON ORCHIDS REO PRICE REDUCTION - KENSINGTON, MARYLAND Bargain hunters make note.  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD,  The result of the surge in foreclosures is that the lenders now own an excessive number of properties.  The ...
08/30/2008
SUMMERFIELD CROSSING REO PRICE REDUCTION - BOYDS, MARYLAND Bargain hunters make note.  September home buyers need to watch the inventory of lender owned homes in Montgomery County, MD,  The result of the surge in foreclosures is that the lenders now own an excessive number of properties.  The len...
08/30/2008