Roy Kelley

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/

428835	711 W Church Street Hagerstown, MD 21740	Washington County, MD	$23,500	12/2/2009	1:15 pm
427553	844 Monet Drive Hagerstown, MD 21740	Washington County, MD	$24,000	12/2/2009	1:15 pm
428325	12406 Fallen Timber Circle Hagerstown, MD 21740	Washington County, MD		12/9/2009		Cancelled
428038	18 Appomattox Court Keedysville, MD 21756	Washington County, MD	$35,000	12/9/2009	1:15 pm
429987	126 Colton Court Smithsburg, MD 21783	Washington County, MD	$19,500	12/9/2009	1:15 pm	*
427930	6806 King Road Boonsboro, MD 21713	Washington County, MD	$26,500	12/9/2009	1:15 pm
418937	533-535 North Mulberry Street Hagerstown, MD 21740	Washington County, MD	$28,500	12/9/2009	1:15 pm
426518	13254 Woodmont Road Hancock, MD 21750	Washington County, MD	$25,000	12/16/2009
429108	9810 Ripple Drive Williamsport, MD 21795	Washington County, MD	$54,500	12/16/2009	1:15 pm

FREDERICK 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/

425571	25 Woodmere Circle Middletown, MD 21769	Frederick County, MD		12/2/2009		Cancelled
428362	6133 Cornwall Terrace Frederick, MD 21701	Frederick County, MD		12/2/2009		Cancelled
422361	2148 Collingwood Lane Frederick, MD 21702	Frederick County, MD		12/2/2009		Cancelled
424472	8726 Indian Springs Road Frederick, MD 21702	Frederick County, MD	$26,000	12/2/2009	12:15 pm
427662	1334 David Lane Frederick, MD 21703	Frederick County, MD	$22,500	12/2/2009	12:15 pm
419762	104 Apple Creek Road Frederick, MD 21702	Frederick County, MD	$29,000	12/2/2009	12:15 pm
428500	2679 Cameron Way Frederick, MD 21701	Frederick County, MD	$20,500	12/2/2009	12:15 pm	*
423822	11838 Vineyard Path New Market, MD 21774	Frederick County, MD	$38,000	12/2/2009	12:15 pm
427126	214 3rd Avenue Brunswick, MD 21716	Frederick County, MD	$24,500	12/2/2009	12:15 pm
428571	427 W Patrick Street Frederick, MD 21701	Frederick County, MD		12/9/2009		Cancelled
428699	1484 Key Pkwy Frederick, MD 21702	Frederick County, MD		12/9/2009		Cancelled
427657	13820 Motter Station Road Rocky Ridge, MD 21778	Frederick County, MD	$25,000	12/9/2009	12:15 pm
427715	2815 Wildwood Court Walkersville, MD 21793	Frederick County, MD	$26,500	12/9/2009	12:15 pm
427905	1129 Frontline Drive Frederick, MD 21703	Frederick County, MD	$33,500	12/9/2009	12:15 pm
429100	242 Carroll Parkway Frederick, MD 21701	Frederick County, MD	$34,000	12/9/2009	12:15 pm
428058	6128 Pine Crest Lane Frederick, MD 21701	Frederick County, MD	$29,500	12/9/2009	12:15 pm
428706	213 Old Oak Place Thurmont, MD 21788	Frederick County, MD	$21,000	12/9/2009	12:15 pm
429039	12 Donovan Court Brunswick, MD 21758	Frederick County, MD	$36,000	12/9/2009	12:15 pm
429940	135 Mountain Creek Circle Frederick, MD 21702	Frederick County, MD	$31,500	12/9/2009	12:15 pm
420043	404 N. Bentz Street Frederick, MD 21701	Frederick County, MD	$18,000	12/16/2009		*
422383	207 Monroe Avenue Frederick, MD 21701	Frederick County, MD	$25,500	12/16/2009
428495	423 W Patrick Street Frederick, MD 21701	Frederick County, MD	$12,000	12/16/2009	12:15 pm
427977	1829 Free Terrace Frederick, MD 21702	Frederick County, MD	$23,000	12/16/2009	12:15 pm
425964	8019 Old Receiver Road Frederick, MD 21702	Frederick County, MD	$34,500	12/16/2009	12:15 pm
428507	8808 Eureka Lane Walkersville, MD 21793	Frederick County, MD	$22,500	12/16/2009	12:15 pm
428624	7912 Witmere Court Frederick, MD 21702	Frederick County, MD	$32,500	12/23/2009
425511	7 Victor Lane Thurmont, MD 21788	Frederick County, MD	$25,000	12/23/2009

MONTGOMERY 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/

429245	19436 Saint Johnsbury Lane Germantown, MD 20876	Montgomery County, MD		12/2/2009		Cancelled
427477	2009 Sandstone Court Silver Spring, MD 20904	Montgomery County, MD		12/2/2009		Cancelled
424095	13762 Palmetto Circle Germantown, MD 20874	Montgomery County, MD		12/2/2009		Cancelled
428310	4970 Battery Lane, Unit # 505 Bethesda, MD 20814	Montgomery County, MD		12/2/2009		Cancelled
428467	9630 Cottrell Terrace Silver Spring, MD 20903	Montgomery County, MD		12/2/2009		Cancelled
427406	1321 Chilton Drive Silver Spring, MD 20904	Montgomery County, MD		12/2/2009		Cancelled
428623	26012 Brigadier Place Unit #G Damascus, MD 20872	Montgomery County, MD		12/2/2009		Cancelled
428283	8744 Ravenglass Way Montgomery Village, MD 20886	Montgomery County, MD	$17,500	12/2/2009	11:00 am	*
420879	13805 Lewisdale Rd Clarksburg, MD 20871	Montgomery County, MD	$39,000	12/2/2009	11:00 am
428324	20317 Pleasant Ridge Drive Gaitherburg, MD 20886	Montgomery County, MD	$43,000	12/2/2009	11:00 am
419523	3210 Medway Street Silver Spring, MD 20902	Montgomery County, MD	$32,000	12/2/2009	11:00 am
428549	1601 Carriage House Terrace, Unit I Silver Spring, MD 20904	Montgomery County, MD	$14,500	12/2/2009	11:00 am
416701	23313 Robin Song Drive Clarksburg, MD 20871	Montgomery County, MD	$76,500	12/2/2009	11:00 am
420310	10612 Eastwood Avenue Silver Spring, MD 20901	Montgomery County, MD	$36,000	12/2/2009	11:00 am
429501	19409 Thomas Farm Road Gaithersburg, MD 20886	Montgomery County, MD	$28,500	12/2/2009	11:00 am
428786	19543 Caravan Drive Germantown, MD 20874	Montgomery County, MD	$31,000	12/2/2009	11:00 am
428650	890 Windbrooke Drive Gaithersburg, MD 20879	Montgomery County, MD	$23,500	12/2/2009	11:00 am
428027	18711 Pikeview Drive Germantown, MD 20874	Montgomery County, MD	$29,000	12/2/2009	11:00 am
425365	4826 Aspen Hill Road Rockville, MD 20853	Montgomery County, MD	$36,500	12/2/2009	11:00 am
428997	600 Olney Sandy Spring Road Sandy Spring, MD 20860	Montgomery County, MD	$81,500	12/2/2009	11:00 am
426955	13317 Keating Street Rockville, MD 20853	Montgomery County, MD	$40,000	12/2/2009	11:00 am
427675	11402 Cherry Hill Road, Unit # 301 Silver Spring, MD 20904	Montgomery County, MD		12/9/2009		Cancelled
428289	38 Cottage Field Court Germantown, MD 20874	Montgomery County, MD		12/9/2009		Cancelled
428963	702 Edmonston Drive Rockville, MD 20851	Montgomery County, MD		12/9/2009		Cancelled
428895	1021 Cresthaven Drive Silver Spring, MD 20903	Montgomery County, MD	$38,500	12/9/2009	11:00 am
427527	14328 Rosetree Court Silver Spring, MD 20906	Montgomery County, MD	$27,000	12/9/2009	11:00 am
428142	14901 McKisson Court, Unit #7 CF Silver Spring, MD 20906	Montgomery County, MD	$22,500	12/9/2009	11:00 am
428127	14200 Valleyfield Drive, Unit # 537 Silver Spring, MD 20906	Montgomery County, MD	$22,000	12/9/2009	11:00 am
427491	46 Pennydog Court, Unit # 104 Silver Spring, MD 20902	Montgomery County, MD	$33,000	12/9/2009	11:00 am
422299	307 Leafcup Road Gaithersburg, MD 20878	Montgomery County, MD	$40,500	12/9/2009	11:00 am
422217	2043 Seattle Avenue Silver Spring, MD 20905	Montgomery County, MD	$43,000	12/9/2009	11:00 am
428742	20805 Gaelic Court, Unit 503 Germantown, MD 20874	Montgomery County, MD	$36,500	12/9/2009	11:00 am
424594	988 W Side Drive, Unit 22-F Gaithersburg, MD 20878	Montgomery County, MD	$32,500	12/9/2009	11:00 am
428011	18857 Mcfarlin Drive Germantown, MD 20874	Montgomery County, MD	$29,000	12/9/2009	11:00 am
430404	15400 Holly Grove Road Silver Spring, MD 20905	Montgomery County, MD	$77,000	12/9/2009	11:00 am
428047	18 Suncroft Court Silver Spring, MD 20906	Montgomery County, MD	$34,500	12/9/2009	11:00 am
425526	14302 Autumn Gold Road Boyds, MD 20841	Montgomery County, MD	$62,000	12/9/2009	11:00 am
428535	19 Tynewick Court #37 Silver Spring, MD 20906	Montgomery County, MD	$36,000	12/9/2009	11:00 am
422587	18535 Boysenberry Drive, Unit #317 Gaithersburg, MD 20879	Montgomery County, MD	$30,000	12/9/2009	11:00 am
421634	10001 Vanderbilt Circle #2-2 Rockville, MD 20850	Montgomery County, MD	$33,500	12/9/2009	11:00 am
428091	20200 Spring Haven Court Gaithersburg, MD 20886	Montgomery County, MD	$35,000	12/9/2009	11:00 am
420014	18821 Poppy Seed Lane Germantown, MD 20874	Montgomery County, MD	$12,200	12/9/2009	11:00 am
428083	14435 Astrodome Drive, Unit 35 Silver Spring, MD 20906	Montgomery County, MD	$20,500	12/9/2009	11:00 am
426032	10819 Hampton Mill Terrace Unit #603 Rockville, MD 20852	Montgomery County, MD	$32,500	12/9/2009	11:00 am
429155	13804 Eastland Street Rockville, MD 20853	Montgomery County, MD	$32,500	12/9/2009	11:00 am
429132	29 Dunsinane Court, Unit 60 Silver Spring, MD 20906	Montgomery County, MD	$33,500	12/9/2009	11:00 am
428057	4311 Sangamore Road, Unit 6 Bethesda, MD 20816	Montgomery County, MD	$32,000	12/9/2009	11:00 am
429009	10190 Shelldrake Circle Damascus, MD 20872	Montgomery County, MD	$23,500	12/16/2009
427502	2 Purchase Street Gaithersburg, MD 20878	Montgomery County, MD		12/16/2009		Cancelled
423213	13307 Bregman Road Silver Spring, MD 20904	Montgomery County, MD	$78,500	12/16/2009
423327	13310 Midway Avenue Rockville, MD 20851	Montgomery County, MD	$33,000	12/16/2009
413393	14627 Claude Lane Silver Spring, MD 20905	Montgomery County, MD	$61,000	12/16/2009
428330	12432 Dancrest Drive Clarksburg, MD 20871	Montgomery County, MD	$35,500	12/16/2009
424261	51 Orchard Drive Gaithersburg, MD 20878	Montgomery County, MD	$37,800	12/16/2009
428825	28 Brassie Court Montgomery Village, MD 20886	Montgomery County, MD	$26,000	12/16/2009
429239	4404 Gridley Road Silver Spring, MD 20906	Montgomery County, MD	$20,500	12/16/2009		*
417903	2945 Schoolhouse Circle Silver Spring, MD 20902	Montgomery County, MD	$32,000	12/16/2009	11:00 am
426767	13211 Chalet Place, Unit # 4-102 Germantown, MD 20874	Montgomery County, MD	$14,000	12/16/2009	11:00 am
424389	2 Denham Court Rockville, MD 20851	Montgomery County, MD	$30,000	12/16/2009	11:00 am
428126	1766 Featherwood Street Silver Spring, MD 20904	Montgomery County, MD	$25,000	12/16/2009	11:00 am
427346	8830 Piney Branch Road Apt #1007 Silver Spring, MD 20903	Montgomery County, MD	$17,000	12/16/2009	11:00 am
428743	18 Maxim Lane Rockville, MD 20852	Montgomery County, MD	$43,500	12/16/2009	11:00 am
427073	21314 Village Green Circle Germantown, MD 20876	Montgomery County, MD	$56,500	12/16/2009	11:00 am
428150	723 Lowander Lane Silver Spring, MD 20901	Montgomery County, MD	$41,500	12/16/2009	11:00 am
428263	12718 Ginger Wood Lane Clarksburg, MD 20871	Montgomery County, MD	$40,000	12/16/2009	11:00 am	*
427776	18319 Ivy Oak Terrace Gaithersburg, MD 20877	Montgomery County, MD	$21,000	12/16/2009	11:00 am
426713	14201 Chelmsford Road Rockville, MD 20853	Montgomery County, MD	$41,000	12/16/2009	11:00 am
427837	3054 Shepperton Terrrace Silver Spring, MD 20904	Montgomery County, MD	$25,500	12/18/2009
427390	9912 Bentcross Drive Potomac, MD 20854	Montgomery County, MD	$362,500	12/18/2009
424152	19006 Canadian Court Montgomery Village, MD 20886	Montgomery County, MD	$35,000	12/18/2009
423430	12507 Pine Needle Drive Boyds, MD 20841	Montgomery County, MD	$49,000	12/18/2009
424985	22257 Trentworth Way Clarksburg, MD 20871	Montgomery County, MD	$51,000	12/18/2009
423106	19525 Ridge Heights Drive Gaithersburg, MD 20879	Montgomery County, MD	$35,000	12/18/2009
427140	14547 Almanac Drive Burtonsville, MD 20866	Montgomery County, MD	$29,000	12/23/2009
427152	6405 Allegheny Avenue Takoma Park, MD 20912	Montgomery County, MD	$34,500	12/23/2009
429267	19621 Gunners Branch Road, Unit H Germantown, MD 20876	Montgomery County, MD	$17,000	12/23/2009
414843	19624 Wootton Avenue Poolesville, MD 20837	Montgomery County, MD		12/30/2009		Cancelled

The Nation's Housing

The moral dimensions of ditching a mortgage

Kenneth R. Harney THE WASHINGTON POST

"Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth. And most important: Don't feel guilty about it. Don't think you're doing something morally wrong."

That's the incendiary core message of a new academic paper by Brent T. White, a University of Arizona law school professor, titled "Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis."

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/25/AR2009112504186.html

"White argues that far more of the estimated 15 million American homeowners who are underwater on their mortgages should stiff their lenders and take a hike.

Doing so, he suggests, could save some of them hundreds of thousands of dollars that they "have no reasonable prospect of recouping" in the years ahead. Plus the penalties are nowhere near as painful or long-lasting as they might assume.

"Homeowners should be walking away in droves," according to White. "But they aren't. And it's not because the financial costs of foreclosure outweigh the benefits." Sure, credit scores get whacked when you walk away, he acknowledges. But as long as you stay current with other creditors, "one can have a good credit rating again -- meaning above 660 -- within two years after a foreclosure."

Better yet, you can default "strategically." Buy all the major items you'll need for the next couple of years -- a new car, even a new house -- just before you pull the plug on your current mortgage lender.

"Most individuals should be able to plan in advance for a few years of limited credit," White said, with minimal disruptions to their lifestyles.

What kind of law school professorial advice is this? Aren't mortgages legal contracts? In an interview, White said that in anti-deficiency states such as Arizona and California, mortgage lenders have limited or no legal rights to pursue defaulting homeowners' assets beyond the house itself. In other states, lenders may decide it is not worth the legal expense to pursue walkaways, or consumers may be able to find flaws in the mortgage documents, disclosures or underwriting to challenge the original contract."

"The main point, he says, is that too often people's emotions get in the way of clear financial thinking about mortgages, turning them into what he calls "woodheads" -- "individuals who choose not to act in their own self-interest." Most owners are too worried about feelings of shame and embarrassment following a foreclosure, and ignore the powerful financial reasons for going through with it, he said."

WHAT IS YOUR OPINION? SHOULD HOME OWNERS JUST WALK AWAY FROM THEIR OBLIGATIONS?

Lenders to get push to help home owners

Administration wants more detail on who is and is not getting aid

By Renae Merle Washington Post Staff Writer
Sunday, November 29, 2009

"The Obama administration plans to announce on Monday efforts to step up pressure on lenders participating in its massive foreclosure prevention program in a push for transparency that should provide new details about the industry's performance.

The $75 billion federal program, known as Making Home Affordable, got off to a slow and frustrating start, but the administration has recently noted that more than 650,000 borrowers had signed up for it. Now the program, which lowers mortgage payments to 31 percent of a person's income, is facing questions about how many of the enrolled borrowers are actually qualified to receive its assistance."

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/28/AR2009112802436.html

"A recent report by the Congressional Oversight Panel, which is monitoring the government's Troubled Assets Relief Program, found that fewer than 1 percent of borrowers in the program had moved from an initial trial modification into a permanent one. Borrowers must make three payments and provide extensive documentation to convert into a permanent loan modification.

Homeowners and consumer advocates have complained that even after submitting and resubmitting information, some borrowers have been told, with little or no explanation, that they do not qualify for the program after all."