Clarksburg, MD

WELLS FARGO REO PRICE REDUCTION - CLARKSBURG, MARYLAND - MONTGOMERY COUNTY

October home buyers should be watching for the deals on the list of lender owned foreclosures. The price on this home was just reduced to $482,900 for a quick sale. Please contact us if you would like to receive the details on this property or other lender owned homes in Montgomery County or Frederick County, MD.

Buyers need to be pre-qualified for financing. We will be happy to recommend a lender if you do not have one. We represent buyer clients as their exclusive agents. roykelley@mris.com

12836 GRAND ELM ST, CLARKSBURG, MD 20871
CLARKSBURG VILLAGE - 4 BEDROOMS/2.5 BATHS - $482,900

COUNTRYWIDE HOME LOANS REO BARGAIN - CLARKSBURG, MARYLAND - MONTGOMERY COUNTY

Fall home buyers need to watch the inventory of lender owned homes. The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season. Prices are reduced until the homes are under contract. It is a good time to make offers. Let us show you how to be the successful purchaser of a REO property.

Many families are using FHA financing for the low cash requirement and easier underwriting requirements. Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes. Buyers need to be pre-qualified for financing. Ask us for the name of a loan officer.

We represent buyers as their exclusive agents. Let us know if you would like to receive our client reports on lender owned homes in Frederick County and Montgomery County, MD. roykelley@mris.com

NOTICE: AVOID AUTOMATIC CONTRACT REJECTION. PROSPECTIVE BUYERS MUST SUBMIT A CONTRYWIDE PRE-QUALIFICATION LETTER WITH ANY OFFER.

22201 FAIR GARDEN LN, CLARKSBURG, MD 20871
CLARKSBURG HEIGHTS - 4 BEDROOMS/2.5 BATHS - $568,900

Living Area: 3,310 Square Feet

COUNTRYWIDE REO PRICE REDUCED - CLARKSBURG, MARYLAND - MONTGOMERY COUNTY

Fall home buyers need to watch the inventory of lender owned homes. The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season. Prices are reduced until the homes are under contract. It is a good time to make offers. Let us show you how to be the successful purchaser of a REO property.

Many families are using FHA financing for the low cash requirement and easier underwriting requirements. Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes. Buyers need to be pre-qualified for financing. Ask us for the name of a loan officer.

We represent buyers as their exclusive agents. Let us know if you would like to receive our client reports on lender owned homes in Frederick County and Montgomery County, MD. roykelley@mris.com

NOTICE: AVOID AUTOMATIC CONTRACT REJECTION. PROSPECTIVE BUYERS MUST SUBMIT A CONTRYWIDE PRE-QUALIFICATION LETTER WITH ANY OFFER.

12304 CYPRESS SPRING RD, CLARKSBURG, MD 20871
GREENWAY VILLAGE - 4 BEDROOMS.2.5 BATHS - $459,900

CLARKSBURG FORECLOSURE - MONTGOMERY COUNTY, MARYLAND

22212 FAIR GARDEN LN, CLARKSBURG, MD 20871-4025 IS SCHEDULED TO BE SOLD AT A TRUSTEE SALE BY HARVEY WEST AUCTIONEERS ON OCTOBER 3, 2008 AT 10:19 AM.

What does this mean? When a home owner defaults on the mortgage payments, the lender will instruct the trustee under the deed of trust to conduct a trustee sale at the court house entrance. Trustee sales are foreclosures. The sales are advertised for three weeks before the auctions take place. The advertisement for this home appeared in The Washington Post today. It will be advertised again on October 1, 2008. The sales are open to the public and any qualified bidder may submit bids. The required deposit for this sale is $50,000 in cash or certified funds.

Buyers should carefully read the advertisements that are published and fully understand the terms and conditions of the sales. Seek professional advice if you have limited real estate experience. Always check for cancellations before attending the sales. The sales will not take place when the owners reinstate the loans or file bankruptcy.

This home is not currently listed for sale on the multiple listing service so it is not available to be shown by agents. This is typical. Most of the time, you do not get to see the inside of properties advertised for trustee sales.

In the current market, most of the properties that are sold are actually purchased by the secured mortgage lenders. The lenders then offer he homes for sale when they become part of the REO inventory. Contact us for client reports on lender owned homes in Montgomery County. roykelley@mris.com

A hotel, a gas station, a convenience store, and two restaurants are being planned for the Cabin Branch neighborhood of Clarksburg on the west side of I-270.

The developers met with the Clarksburg Civic Association Planning Commitee last week and said they hoped to have several of the businesses under construction within the next year and a half.

A separate development of both residential and commercial properties is planned for the old Comsat property on the east side of I-270.

We'll keep you posted on these developments as news becomes available.