About Washington County, MD

WASHINGTON COUNTY MD TRUSTEE SALES - COHN, GOLDBERG, DEUTSCH

Maryland foreclosures are conducted at the county court houses when the secured mortgage lenders instruct the the trustees under the deeds of trust to conduct trustee sales due to the defaults by mortgage borrowers. Interested buyers should be watching the advertisements for trustee sales in the coming weeks. The list below has been posted by Cohn, Goldberg, Deutsch.

Trustee sales are open to the public and all qualified bidders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure to the lender that the property is being purchased in 'as-is" condition.

The lenders are buying in most of the properties that are sold at the court house auctions. The lenders then offer the homes for sale to the public when they become part of the REO inventory. Contact us for client reports on lender owned homes that are available for purchase. We represent home buyers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties. roykelley@mris.com

Visit their website for full details on the scheduled trustee sales: http://www.cgd-law.com/

427344	13038 Resh Road Hagerstown, MD 21740	Washington County, MD	$22,000	10/14/2009	1:15 pm
425053	12405 Beachley Drive Hagerstown, MD 21740	Washington County, MD	$30,000	10/14/2009	1:15 pm
426802	13824 Village Mill Drive Maugansville, MD 21767	Washington County, MD	$20,000	10/14/2009	1:15 pm
426220	17937 Lyles Drive Hagerstown, MD 21740	Washington County, MD		10/21/2009		Cancelled
414149	13003 Clopper Road Hagerstown, MD 21742	Washington County, MD		10/28/2009		Cancelled
420846	6 Belview Avenue Hagerstown, MD 21742	Washington County, MD	$16,500	10/28/2009	1:15 pm
427348	17706 Lappans Road Fair Play, MD 21733	Washington County, MD	$25,500	10/28/2009	1:15 pm
427450	843 Dewey Avenue Hagerstown, MD 21742	Washington County, MD	$16,500	10/28/2009	1:15 pm	*
421663	18125 Garnette Avenue Hagerstown, MD 21767	Washington County, MD	$33,000	10/28/2009	1:15 pm
427516	1321 Hamilton Boulevard Hagerstown, MD 21742	Washington County, MD	$19,500	11/4/2009
425009	13520 Little Antietam Road Hagerstown, MD 21742	Washington County, MD	$28,500	11/4/2009

WASHINGTON COUNTY MD TRUSTEE SALES - HARVEY WEST AUCTIONEERS

Harvey West Auctioneers has scheduled Maryland trustee sales.

Trustee sales auctions are open to the public and all qualified bidders. These sales are foreclosures by the secured mortgage lenders. Buyers should carefully read the newspaper advertisements that appear for three weeks before the sale date. The required deposits must be in the form of cash or certified funds. Most of the bidders use cashier's checks that are payable to themselves and endorse the checks when they are successful. Always check for cancellations before attending trustee sales. Seek professional advice if you do not have full knowledge of the risks. Since these transactions are not conditioned on the availability of mortgage financing, buyers should always have written pre-approval for financing with disclosure to the lender that the property is being purchased in 'as-is" condition. Normally, the properties are not offered for inspection.

The secured mortgage lenders are buying in most of the properties that are sold at the court house auctions. The lenders then offer the homes for sale to the public when they become part of the REO inventory. Contact us for client reports on lender owned homes that are available for purchase. We represent home buyers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties. roykelley@mris.com

Visit this website for their full schedule of trustee sales: http://www.hwestauctions.com

WASHINGTON COUNTY MD TRUSTEE SALES - ALEX COOPER AUCTIONEERS

This has been a busy year for foreclosure sales. Home buyers are looking for bargain prices. Trustee sales are open to the public and all qualified bidders. These auctions 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 at these 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 in the Maryland suburbs of Washington DC and nearby counties. roykelley@mris.com

Visit www.alexcooper.com for a full schedule of their auctions.

Tuesday, October 20, 2009
Washington County

1:46 PM- 113 East North Avenue, Hagerstown, 21740 Dep. $15,500. F&M

1:47 PM- 1937 Winston Drive, Hagerstown, 21740 Dep. $46,000. F&M

1:48 PM- 118 West Salisbury Street, Williamsport, 21795 Dep. $5,500. F&M

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 95 W. WASHINGTON ST., HAGERSTOWN, WASHINGTON CO.

Wednesday, October 21, 2009
Washington County

11:30 AM- 1946 Dual Hwy., a/k/a 1938 Dual Hwy. (See Web site for featured properies.), Hagerstown, 21740 Dep. $35,000.

THE ABOVE AUCTION(S) TO BE HELD ON THE PREMISES.

12:34 PM- 13723 Orchard Ridge Rd., Hancock, 21750 Dep. $30,000. BGW

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 95 W. WASHINGTON ST., HAGERSTOWN, WASHINGTON CO.

WASHINGTON COUNTY MD LENDER OWNED FORECLOSURES

There are 54 lender owned foreclosures (REO) available for purchase in Washington County MD

Click the following URL to see the report. Click on the listing number for full details on each property. Sort by headings.

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-91704646-329

When you are searching for homes in Maryland, you will want to use Homes Prospector at www.roykelley.com This is a service of MRIS, the regional multiple listing service, and you will find the most accurate up to date information on properties that are available for purchase. Foreclosures will be included in the results of your searches.

Most of the homes that are sold at trustee sale auctions at the court house entrance are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory. All of the lender owned homes are listed with area agents and are available on MRIS.

Why are buyers focusing on the REO inventory? The simple reason is that is where the purchase bargains are being found. Lenders are highly motivated sellers and they reduce the prices until the properties are under contract.

All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. First time home buyers need to move quickly to qualify for the currently available $8,000 tax credit. The settlement deadline to qualify for this incentive is November 30, 2009.

WASHINGTON COUNTY MD REAL ESTATE TREND INDICATOR

This report is important if you are planning to purchase or sell a home in Washington County. The following information is for the past month and the statistics are compared with the same month last year. There were 1,207 active listings of homes for sale in the county during the month. There were 207 new listings and 146 new pending contracts. The sold dollar volume was down 18.26% from last year. The number of homes sold was 99 from 97 last year. The average days on the market was 120 days as compared to 150 days last year. Many home sellers are not prepared for the long period that the typical home is on the market. The average sale price was 88.02% of the average list price. The median sold price was $153,900. The market is still soft which means that it favors buyers. Foreclosures and short sales listings still influence the area market. Buyers are finding it more difficult to qualify for mortgage financing and the trend is to use FHA financing which has a minimum cash requirement of 3.5% of the purchase price. FHA Streamlined 203(k) financing allows the inclusion of up to $35,000 in home improvements in the mortgage amount. First time buyers have the benefit of the currently available $8,000 federal tax credit for settlements that take place before the end of November, 2009.

Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$100K to >$5M Format

Washington County, MD From: 09/01/2009 to 09/30/2009 Statistics generated on: 10/07/2009

Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2009 - Information deemed reliable, but is not guaranteed.

MORTGAGE FINANCING: It is an ideal time to obtain funds to purchase a residence or investment property. Pre-approval for financing is the first step in the home purchase process. Buyers need to have a lender letter in hand when they submit an offer on a property. Buyers should be prepared to fully document their income and obligations. Ask us for a referral if you do not have an existing relationship with a mortgage lender.

FHA LOAN LIMIT FOR WASHINGTON COUNTY, MD: $377,500. Note that this is much lower than the $729,750 limit for Frederick County and Montgomery County. The minimum cash requirement for FHA financing is 3.5%. Home buyers that plan to use mortgage financing should always seek pre-approval since a they will need to have a lender letter in hand when they make an offer on a home.

Please contact us with your questions on the residential real estate market.