Friday, September 30, 2011

KING FARM Foreclosures JUST LISTED on 09/30/2011


King Farm FORECLOSURE ZERO DAYS IN THE MARKET!!!    as of 09/30/2011
A rare event indeed. . but this is a great chance to get a huge discount now!
If you are too late for this one. . .call us and make sure you will not be for the next one. .
we monitor all the foreclosures . . so you don't have to. . 

503 KING FARM BLVD #405, ROCKVILLE, MD  20850              
ML#:  MC7699721LP:  $375,000
Status:  ACTIVEDOMM/DOMP:   0/0
Adv Sub:  KING FARM FOU R CODM
Ownership:  CondoTOT EST CHRGS: $4,528
Date Avail:  Ground Rent:
Type:  Garden 1-4 FloorsArea: 
Style:  OtherADC Map Coord:  19K13
BR/FB/HB:  3/2/0Yr Blt:  2004
Lot AC/SF:  /HOA/CC Fee: .00/405.0
SQFT-Tot Fin: 1,729Tax Living Area: 1,729
Lvls/Fpl:  1/0Vacation Y/N:  No
Construction:   Brick and Siding
Basement:  No,
Parking:  Garage, Surface
# Gar/Cpt/Assgn:  1//
Heat/Cool:  Central, Electric, Natural Gas/Forced Air, Heat Pump(s)/Electric/Central A/C
Water/Swr:  Public/Public Sewer
List Date:  29-Sep-2011Update Date:  29-Sep-2011
Company:  Re/Max Premiere Selections

Remarks:  Property sold in "As-is" condition but unit is in MOVE-IN condition. Seller will make no repairs. Offers will not be considered for first 7 days,8-12 from buyers using fed funs under NSP, 13+days all buyers. See instructions filed online. Deposit to be held by listing broker. Preapproval letter from direct lender.Great 3 bedroom, 2 bath room in elevator building.

Directions:  North on Rt 355, (l) on King Farm Blvd to 503



OUR FRESH foreclosure list for Montgomery County is the only place where you will find 
 every single foreclosure that comes in the market as it happens!.. not the same day. .THE SAME HOUR!
Check This Site Often
We are bank owned experts in Montgomery and Frederick County Maryland ... Click on the banner  below to see the very LATEST Foreclosures Listed in Montgomery and Frederick Counties 
Fernando Herboso| Carlos Herboso
     (Short Sales )                           (Foreclosures)
 
"Your Montgomery County Foreclosure Connection" 
Our real estate knowledge is always up-to-date. For expertise you can depend on, call us when you have questions about the market or are ready to make a significant move. . .
"Quality representation is not expensive, its priceless! "
We are THE EQUALIZERS for regular buyers out there competing with professional investors
We are specialists in Foreclosures & Short Sales
  Herboso & Associates llc 
Office 240.898.1848
Fernando's Cell    240.426.5754
Carlos's Cell    240.671.5542
Fax    888.913.3535
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=99112069-1228767937-50



 





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Thursday, September 29, 2011

Foreclosures in Montgomery County 09/29/2011

Foreclosures in Montgomery County are slowly going down. .
When we first started reporting daily Foreclosures at the beginning of this year, there was an inventory of nearly 130 foreclosures to choose from . . .I just checked this morning and that number is 92 Active Foreclosures in Montgomery County as of today 09/29/2011

Send me an email Fernando@Herboso.com and I will put this complete list on your email box

Does the drop in foreclosures means we are back into a normal market?
Not hardly. .

We are facing different challenges now. During an office meeting with my associates it was revealed that there are many condominium associations with possible thousands of condo homeowners that aren't aware that their condos CAN NOT BE SOLD under normal circumstances because financing is NOT POSSIBLE!

Lenders will not touch a loan when there is not an FHA APPROVAL 
To give you an example, I went and did a search for a list of APPROVED CONDOS in zipcode 20871 Clarksburg MD
I was floored.. in Montgomery County alone hundreds of condo associations have already expired approvals. . 

Meaning that there are no loans for this condos unless they get approved again. . 
What are the requirements? 
In a nutshell . .  
The initial approval requirements regarding investor ownership, percentage of owners in arrears for condominium association fees, pre-sale ratio, owner-occupancy ratio, FHA loan concentration ratio. . . 

The most important thing I learned by calling one of the experts in this field Eric Boucher "The Condo Approval Guy"
Is that if 15% or more of the current residents in a condominium are 30 days or more in arrears on their condo fees. . the FHA will not make a loans and a conventional loan most likely follow suit or charge a higher mortgage interest. . 
Either way, the condo owners are screwed.

Who is at fault?
Not Obama, 
Not the FHA 
and certainly not your Realtor. .

Is the management company that takes care of all the finances for these condominiums.. its their  fault because they are not being pro-active if their approval has been expired and. . because they are allowing more than 15% of its residents be behind on their payments. . . they need to take earlier action if they want to preserve the value of their units.

 
Fernando Herboso
Broker - Solutions Finder
"Don't Pray For A Miracle. . .expect it!" 
 Herboso & Associates llc 
www.ReallyNiceHomes.com
www.Short-Sales-Expert.com
Office 240.898.1848
Cell    240.426.5754
Fax    888.913.3535
My real estate knowledge is always up-to-date. For expertise you can depend on, call me when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!
 
     Herboso&Associates
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Wednesday, September 28, 2011

Re: Foreclosures JUST LISTED on 06/03/2011


An 85,000 foreclosure in Gaithersburg Maryland. .at around 4% interest rates now. . what are your monthly payments?. around $400 per month?  That is the daily rate of a hotel in Cancun!
Why are you still renting?  CALL US and GET A PIECE OF THIS!

840 QUINCE ORCHARD BLVD #101, GAITHERSBURG, MD  20878              
ML#:  MC7698001LP:  $85,000
Status:  ACTIVEDOMM/DOMP:   1/1
Adv Sub:  DIAMOND FARM
Ownership:  CondoTOT EST CHRGS: $1,611
Date Avail:  Ground Rent:
Type:  Garden 1-4 FloorsArea: 
Style:  ContemporaryADC Map Coord:  9K33
BR/FB/HB:  2/1/0Yr Blt:  1982
Lot AC/SF:  /HOA/CC Fee: /521.0
SQFT-Tot Fin: 1,021Tax Living Area: 1,021
Lvls/Fpl:  1/0Vacation Y/N:  No
Construction:   Brick
Basement:  No,
Parking:  Assigned
# Gar/Cpt/Assgn:  //1
Heat/Cool:  Electric/Heat Pump(s)/Electric/Central A/C
Water/Swr:  Public/Public Sewer
List Date:  27-Sep-2011Update Date:  27-Sep-2011

Company:  Re/Max 2000, Realtors

Remarks:  2br 1 ba condo on first floor with balcony, large living room, sep dining room, w/w carpet, condo fee covers all utilities, buyers to be pre approved, sign as is addendum and use sellers title company. Buyers to verify condo fee and responsible for having property dewint/rewint for all inspections and payment due upon services.

Directions:  270 north to exit 10 clopper rd, l on first field, r on Quince Orchard, right into complex to 840


OUR FRESH foreclosure list for Montgomery County is the only place where you will find 
 every single foreclosure that comes in the market as it happens!.. not the same day. .THE SAME HOUR!
Check This Site Often
We are bank owned experts in Montgomery and Frederick County Maryland ... Click on the banner  below to see the very LATEST Foreclosures Listed in Montgomery and Frederick Counties 
Fernando Herboso| Carlos Herboso
     (Short Sales )                           (Foreclosures)
 
"Your Montgomery County Foreclosure Connection" 
Our real estate knowledge is always up-to-date. For expertise you can depend on, call us when you have questions about the market or are ready to make a significant move. . .
"Quality representation is not expensive, its priceless! "
We are THE EQUALIZERS for regular buyers out there competing with professional investors
We are specialists in Foreclosures & Short Sales
  Herboso & Associates llc 
Office 240.898.1848
Fernando's Cell    240.426.5754
Carlos's Cell    240.671.5542
Fax    888.913.3535




 





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