Roy Kelley Sells Maryland Homes : Frederick County MD Lender Owned Foreclosures & Short Sale Listings

Frederick County MD Lender Owned Foreclosures & Short Sale Listings

***Take action now if you need to purchase by the end of April to qualify for the tax credit of $8,000 for first time home buyers or $6,500 for current home owners that are purchasing another primary residence. FHA buyers can avoid the increase in mortgage insurance cost if under contract by the end of March.***

There are 91 active listings of lender owned foreclosures (REO) available for purchase in the county. Click on the listing number for full details on each property. Sort by column headings.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103817061-926

What are short sales? The answers are here: http://activerain.com/blogsview/1418385/what-are-short-sales- These are the transactions that require lender approval since the proceeds will not cover the mortgage balances. Short sales take longer and more frustrations should be anticipated. Bargains can be found for patient home buyers. These are pre-foreclosures listings and buyers need to be very selective since many of the properties are sold at the trustee sale auctions.

There are 181 active short sale listings in Frederick County.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103817088-583

All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. Please ask us for a referral if you do not have a relationship with a mortgage lender.

The Home Buyer Tax Credit now includes current home owners as well as first time buyers.  http://www.federalhousingtaxcredit.com/glance.php

Please contact us with your real estate questions. Your referrals of friends and family members will always be appreciated.