Roy Kelley

MONTGOMERY 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.

Monday, December 7, 2009
Montgomery County

11:00 AM - 452 Girard St., Unit #361, Gaithersburg, 20877 Dep. $25,000. MHS

11:01 AM - 4402 Fernhill Rd., Silver Spring, 20906 Dep. $37,000. MHS

11:02 AM - 13204 Darnestown Rd., Gaithersburg, 20878 Dep. $25,000. MHS

11:03 AM - 13274 Musicmaster Dr. a/k/a 13274 Musicmaster Dr., Unit #166, Silver Spring, 20904 Dep. $30,000. MHS

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY CO.

Tuesday, December 8, 2009
Montgomery County

11:00 AM - 3127 Farnborough Court, Unit #259C, Silver Spring, 20906 Dep. $33,500. F&M

11:03 AM - 13 Gas Light Court, Gaithersburg, 20879 Dep. $26,500. F&M

11:04 AM - 72 State Court, Unit #103, Gaithersburg, 20877 Dep. $30,000. F&M

11:05 AM - 12902 Walnut View Court, Unit #14-2, Germantown, 20874 Dep. $28,000. F&M

11:06 AM - 620 Edmonston Drive, Rockville, 20851 Dep. $43,000. F&M

11:07 AM - 3019 Medway St., Silver Spring, 20902 Dep. $30,000. F&M

11:08 AM - 403 Calloway Court, Silver Spring, 20905 Dep. $74,000. F&M

11:09 AM - 3307 Castle Ridge Circle, Unit #33, Silver Spring, 20904 Dep. $36,000. F&M

11:10 AM - 112 Duvall Lane, Unit #204, Gaithersburg, 20877 Dep. $25,500. F&M

11:11 AM - 2819 Shepperton Terrace, Silver Spring, 20904 Dep. $30,500. F&M

11:20 AM - 10125 Watkins Mill Pl., Gaithersburg, 20886 Dep. $26,000. RA

11:22 AM - 12111 Dewey Rd., Wheaton, 20906 Dep. $36,000. RA

11:23 AM - 2600 Eccleston St., Silver Spring, 20902 Dep. $34,000. RA

11:24 AM - 12310 Middle Rd., Silver Spring, 20906 Dep. $31,000. RA

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY CO.

Wednesday, December 9, 2009
Montgomery County

9:54 AM - 14119 Armilla Ct., Burtonsville, 20866 Dep. $30,000. BU

9:58 AM - 6414 Camrose Terr., Bethesda, 20817 Dep. $53,000. BU

10:00 AM - 12702 Veirs Mill Rd, Unit #51-301, Rockville, 20853 Dep. $20,500. BU

10:01 AM - 10008 Sutherland Rd., Silver Spring, 20901 Dep. $38,000. BU

10:02 AM - 415 University Blvd, Unit #E, Silver Spring, 20901 Dep. $27,000. BU

10:03 AM - 9408 Rushmore Ct., Montgomery Village, 20886 Dep. $26,500. BU

10:04 AM - 20709 Shakespeare Dr., Germantown, 20876 Dep. $41,500. BU

10:06 AM - 8201 Whispering Oaks Way, Unit #101, Gaithersburg, 20879 Dep. $20,000. BU

10:08 AM - 13771 Palmetto Cir., Germantown, 20874 Dep. $35,000. BU

10:10 AM - 9 Coachlamp Ct., Silver Spring, 20906 Dep. $50,000. BU

10:12 AM - 2124 Aventurine Way, Silver Spring, 20904 Dep. $40,000. BU

10:16 AM - 5314 Baltimore Ave., Chevy Chase, 20815 Dep. $60,000. BU

10:18 AM - 7828 Polara Pl., Derwood, 20855 Dep. $48,000. BU

10:20 AM - 22200 New Hampshire Ave., Brookeville, 20833 Dep. $42,000. BU

10:22 AM - 3433 N. High St., Olney, 20832 Dep. $45,500. BU

10:24 AM - 21023 Sojourn Ct., Unit #28, Germantown, 20876 Dep. $34,000. BU

10:26 AM - 20203 Spring Haven Ct., Montgomery Village, 20886 Dep. $27,000. BU

10:28 AM - 13022 Freeland Rd., Rockville, 20853 Dep. $35,500. BU

10:30 AM - 860 Bayridge Dr., Gaithersburg, 20878 Dep. $29,500. BU

10:32 AM - 19014 Capehart Dr., Montgomery Village, 20886 Dep. $30,500. BU

10:34 AM - 13420 Oriental St., Rockville, 20853 Dep. $36,000. BU

10:36 AM - 12216 Berry St., Silver Spring, 20902 Dep. $31,000. BU

10:38 AM - 11712 Doxdam Terr., Germantown, 20876 Dep. $27,000. BU

10:40 AM - 18929 Birdseye Dr., Germantown, 20874 Dep. $24,000. BU

10:42 AM - 6714 Kenwood Forest La., Unit #58, Chevy Chase, 20815 Dep. $41,500. BU

10:44 AM - 8674 Welbeck Way, Montgomery Village, 20886 Dep. $19,500. BU

10:50 AM - 12112 Milestone Manor La., Germantown, 20876 Dep. $46,000. BU

2:52 PM - 19705 Maycrest Way, Germantown, 20876 Dep. $56,000. MWC

2:53 PM - 215 Spring Ave., Rockville, 20850 Dep. $56,000. MWC

3:00 PM - 11941 Claridge Rd., Silver Spring, 20902 Dep. $29,000. BGW

3:01 PM - 13504 Derry Glen Ct., Unit #202, Germantown, 20874 Dep. $20,000. BGW

3:02 PM - 1201 East West Hwy., Unit #320, Silver Spring, 20910 Dep. $27,000. BGW

3:03 PM - 18048 Cactus Ct., Gaithersburg, 20877 Dep. $35,000. BGW

3:04 PM - 11242 Minstrel Tune Dr., Germantown, 20876 Dep. $55,000. BGW

3:05 PM - 10212 Georgia Ave., Silver Spring, 20902 Dep. $46,000. BGW

3:06 PM - 12415 Hickory Tree Way, Unit #312, Germantown, 20874 Dep. $18,000. BGW

3:07 PM - 13208 Turkey Branch Pkwy., Rockville, 20853 Dep. $38,000. BGW

3:08 PM - 23408 Winemiller Way, Clarksburg, 20871 Dep. $41,000. BGW

3:09 PM - 17 Water St., Unit #1, Gaithersburg, 20877 Dep. $15,000. BGW

3:10 PM - 10314 Pierce Dr., Silver Spring, 20901 Dep. $49,000. BGW

3:11 PM - 17639 Horizon Pl., Derwood, 20855 Dep. $27,000. BGW

3:12 PM - 7902 Garland Ave., Takoma Park, 20912 Dep. $43,000. BGW

3:13 PM - 8808 Woodland Dr., Silver Spring, 20910 Dep. $51,000. BGW

3:14 PM - 127 Pasture Side Way, Rockville, 20850 Dep. $59,000. BGW

3:15 PM - 12500 Park Potomac Ave., Unit #605S, Potomac, 20854 Dep. $43,000. BGW

3:16 PM - 22102 Havenworth La., Clarksburg, 20871 Dep. $46,000. BGW

3:17 PM - 19829 Wheelwright Dr., Gaithersburg a/r/t/a Montgomery Village, 20886 Dep. $22,000. BGW

3:18 PM - 1638 Martha Terr., Rockville, 20852 Dep. $38,000. BGW

3:19 PM - 10002 Greeley Ave., Silver Spring, 20902 Dep. $37,000. BGW

3:20 PM - 3308 Floral St., Silver Spring, 20902 Dep. $42,000. BGW

3:21 PM - 10 Maple Ave., Washington Grove, 20880 Dep. $53,000. BGW

3:22 PM - 3916 Tynewick Dr., Unit #10, Silver Spring, 20906 Dep. $30,000. BGW

3:23 PM - 3513 Anderson Rd., Kensington, 20895 Dep. $41,000. BGW

3:24 PM - 4859 Waltonshire Cir., Olney, 20832 Dep. $37,000. BGW

3:25 PM - 19156 Partridge Wood Dr., Germantown, 20874 Dep. $31,000. BGW

3:26 PM - 7120 Intrepid La., Gaithersburg, 20879 Dep. $78,000. BGW

3:27 PM - 6407 5th Ave., Takoma Park, 20912 Dep. $33,000. BGW

3:28 PM - 8830 Piney Branch Rd., Unit #305, Silver Spring, 20903 Dep. $25,000. BGW

3:29 PM - 12845 Gorman Cir., Boyds, 20841 Dep. $66,000. BGW

3:30 PM - 10820 Antigua Terr., Unit #150, Rockville, 20852 Dep. $36,000. BGW

3:31 PM - 4818 Eades St., Rockville, 20853 Dep. $38,000. BGW

3:32 PM - 349 Howard Ave., Rockville, 20850 Dep. $50,000. BGW

3:33 PM - 11400 Norris Dr., Silver Spring, 20902 Dep. $43,000. BGW

3:34 PM - 11710 Old Georgetown Rd., Unit #1618, North Bethesda a/r/t/a Rockville, 20852 Dep. $48,000. BGW

3:35 PM - 3744 Bel Pre Rd., Unit #14, Silver Spring, 20906 Dep. $16,000. BGW

3:36 PM - 4507 Grenoble Ct., Rockville, 20853 Dep. $42,000. BGW

3:37 PM - 3701 Leland St., Chevy Chase, 20815 Dep. $60,000. BGW

3:38 PM - 415 Silver Rock Rd., Rockville, 20851 Dep. $42,000. BGW

3:39 PM - 822 Still Creek La., Gaithersburg, 20878 Dep. $70,000. BGW

3:40 PM - 112 Duvall La., Unit #T3, Gaithersburg, 20877 Dep. $17,000. BGW

3:41 PM - 18616 Turmeric Ct., Germantown, 20874 Dep. $32,000. BGW

3:42 PM - 4355 Regalwood Terr., Burtonsville, 20866 Dep. $29,000. BGW

3:43 PM - 136 Duvall La., Unit #204, Gaithersburg, 20877 Dep. $17,000. BGW

3:44 PM - 4210 Federal St., Rockville, 20853 Dep. $40,000. BGW

3:45 PM - 9209 Bulls Run Pkwy., Bethesda, 20817 Dep. $43,000. BGW

3:46 PM - 19310 Keymar Way, Montgomery Village, 20886 Dep. $24,000. BGW

3:47 PM - 9900 Georgia Ave., Unit #516 a/r/t/a Unit #27-516, Silver Spring, 20902 Dep. $6,000. BGW

3:48 PM - 7128 Carroll Ave., Takoma Park, 20912 Dep. $46,000. BGW

3:49 PM - 7000 Wilson La., Bethesda, 20817 Dep. $95,000. BGW

THE ABOVE SALE(S) TO BE HELD AT THE COURTHOUSE DOOR, 50 MARYLAND AVE., ROCKVILLE, MONTGOMERY CO.

TRUSTEE SALE PURCHASERS ARE RESPONSIBLE FOR ANY NEEDED EVICTIONS. SEEK LEGAL ADVICE ON THE EVICTION PROCESS IF YOU DO NOT KNOW THE REQUIREMENTS IN MONTGOMERY COUNTY.

Fannie Mae to tighten lending rules

By Dina ElBoghdady Washington Post Staff Writer

"Fannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans next month to raise minimum credit score requirements and limit the amount of overall debt borrowers can carry relative to their incomes.

The changes are the latest in a series of crackdowns by the mortgage industry and could some surprise some prospective home buyers. The industry is rolling back loose lending standards that led to the mortgage meltdown and the subsequent economic crisis. But the fear is that if the industry becomes too restrictive, it will freeze out too many borrowers and impede an economic recovery.

Already, lending by U.S. banks plunged by 2.8 percent in the third quarter, the largest drop since at least 1984, according to federal data released this week. Some of that retrenchment is fostered by District-based Fannie Mae and McLean-based Freddie Mac, which refuse to buy loans that do not meet their rules, meaning lenders have to abide by their guidelines or else lose a key source of financing."

http://www.washingtonpost.com/wp-dyn/content/article/2009/11/25/AR2009112503415.html?hpid=topnews

"Starting Dec. 12, the automated system that Fannie Mae uses to approve loans will reject borrowers who have at least a 20 percent down payment but whose credit scores fall below 620 out of 850. Previously, the cut-off was 580."

Also, for borrowers with a 20 percent down payment, no more than 45 percent of a their gross monthly income can go toward paying debts. Fannie declined to disclose the previous threshold, except to say that it was higher. The company will raise the level to 50 percent in cases with "strong compensating factors."

CONCERNED HOME BUYERS SHOULD BE TAKING ADVANTAGE OF THE OPPORTUNITY TO PURCHASE BEFORE THESE NEW GUIDELINES ARE IMPLEMENTED.

THANKSGIVING MESSAGE FROM THE PRESIDENT

Tomorrow, Thanksgiving Day, Americans across the country will sit down together, count our blessings, and give thanks for our families and our loved ones.

American families reflect the diversity of this great nation. No two are exactly alike, but there is a common thread they each share.

Our families are bound together through times of joy and times of grief. They shape us, support us, instill the values that guide us as individuals, and make possible all that we achieve.

So tomorrow, I'll be giving thanks for my family -- for all the wisdom, support, and love they have brought into my life.

But tomorrow is also a day to remember those who cannot sit down to break bread with those they love.

The soldier overseas holding down a lonely post and missing his kids. The sailor who left her home to serve a higher calling. The folks who must spend tomorrow apart from their families to work a second job, so they can keep food on the table or send a child to school.

We are grateful beyond words for the service and hard work of so many Americans who make our country great through their sacrifice. And this year, we know that far too many face a daily struggle that puts the comfort and security we all deserve painfully out of reach.

So when we gather tomorrow, let us also use the occasion to renew our commitment to building a more peaceful and prosperous future that every American family can enjoy.

It seems like a lifetime ago that a crowd met on a frigid February morning in Springfield, Illinois to set out on an improbable course to change our nation.

In the years since, Michelle and I have been blessed with the support and friendship of the millions of Americans who have come together to form this ongoing movement for change.

You have been there through victories and setbacks. You have given of yourselves beyond measure. You have enabled all that we have accomplished -- and you have had the courage to dream yet bigger dreams for what we can still achieve.

So in this season of thanks giving, I want to take a moment to express my gratitude to you, and my anticipation of the brighter future we are creating together.

With warmest wishes for a happy holiday season from my family to yours,

President Barack Obama

CHARACTER COUNTS IN GAITHERSBURG, MARYLAND.

ROCKVILLE HOMES FOR SALE - MONTGOMERY COUNTY, MARYLAND

Home owners and prospective home owners are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale.

The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers.

The first report shows the 253 active listings excluding the lender owned (REO) homes and the short sale listings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95550412-746

The second report shows the 41 short sale listings that are available. Short sales are transactions where the proceeds of the sale will not cover the outstanding mortgages. These are sometimes called pre-foreclosures.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95550468-305

The third report shows the 22 lender owned foreclosures (REO) properties that are for sale. The lender owned properties are vacant and prices are reduced until they are sold by the highly motivated sellers.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95550554-637

Do you qualify for the new tax credit? The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php

New Home Buyer Tax Credit Video: http://www.youtube.com/watch?v=1leN8E8BKTo

Real Estate Investors Zero In on Short Sale Homes Video:

http://www.youtube.com/watch?v=ZMUZSPSrtuI&feature=related

Please contact us with your questions. We always appreciate your referrals.

BETHESDA HOMES FOR SALE - MONTGOMERY COUNTY, MARYLAND

Home owners and prospective home owners are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale.

The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers.

The first report shows the 244 active listings excluding the lender owned (REO) homes and the short sale listings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95550587-692

The second report shows the 14 short sale listings that are available. Short sales are transactions where the proceeds of the sale will not cover the outstanding mortgages. These are sometimes called pre-foreclosures.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95550600-625

The third report shows the 4 lender owned foreclosures (REO) properties that are for sale. The lender owned properties are vacant and prices are reduced until they are sold by the highly motivated sellers.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95550606-987

Do you qualify for the new tax credit? The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program: http://www.federalhousingtaxcredit.com/glance.php

New Home Buyer Tax Credit Video: http://www.youtube.com/watch?v=1leN8E8BKTo

Real Estate Investors Zero In on Short Sale Homes Video:

http://www.youtube.com/watch?v=ZMUZSPSrtuI&feature=related

Please contact us with your questions. We always appreciate your referrals.

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties.