Foreclosures and Short Sales will determine how much homes will be SOLD for in 2009! Fernando, what about all these vacant foreclosures in my neighborhood, aren't they dropping home values around me? If you live close to a vacant foreclosure, first of all you may want to watch out for unusual activity around the home. Call the Realtor listed on the sign, call his office or just call the police if you suspect something is not right. Vacant homes are magnets to crime and unruled teenagers doing thousands of dollars worth of damage to homes around the nation. Now, when it comes to your equity. . you are losing control, actually you never had any. . A vacant property on your neighborhood is sucking the equity of everyone’s homes.  This is the time you need to get involved making sure that ... 01/14/2009

Montgomery County REALTORS have just been handed a new addendum to the Contract of Sale. It's the Utility Cost and Usage History Disclosure Form and sellers now have to disclose, by law, in writing what their utility bills were for each of the last 12 months. That includes kwh's used, gallons of water, and amount of heating oil. It's a pretty interesting concept that you now have to disclose how much energy you use. And, the amount of energy you use could affect the value of your home, assuming that you leave lights on and keep the heat or A/C going. This addendum serves to inform the buyer of how much they are really going to need to budget for utility bills, also it lets the buyer know if the home is energy efficient. If it's not, that will definitely affect it's value. A good rule of... 01/14/2009

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I often get asked by my buyer clients, "What about short sales"? I just left the manager's office at a nationally recognizable mortgage company. While I was talking to him about a personal refinance another agent knocked on the door. She was there to check on the status of a short sale offer that her clients had made on another agent's listing. Because his bank held the first trust on the short sale property, she asked him to pull some strings and see if he could expedite the process. The offer had been accepted six weeks ago and the seller never disclosed that they had been in default for over five months. Just a week before, the buyer's title company discovered there were not one, not two, not three, but four recorded notes on the property that well exceeded the value of the contract ... 01/12/2009

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I will continue to post valuable links and information on Maryland Foreclosure information and short sales. There is help available every step of the way! You are not alone and you can get past this. Don't be afraid to ask. I have personally reviewed each of the following sites. If they are here, they are useful! Maryland REALTOR just published and excellent article regarding the stages of mortgage default and who to contact if you are looking for help. Fast Facts A Homeowners Guide to Preventing Foreclosure from DHCD is a very informative Powerpoint presentation that explains the entire process and what is happening behind the scenes if you are facing foreclosure or are late on your mortgage. It provides even more links and phone numbers to the resources and people you will need to con... 01/10/2009

I represent My Buyer clients as their exclusive agent. We are in the midst of an unprecedented buyers market. Banks are burdened with large inventories of homes that must be sold. Contact me to help you take advantage of these opportunities. rick.boothe@longandfoster.com    301-793-6796 374 HART RD, GAITHERSBURG, MD 20878 List Price: $599,000 4 Bedroom , 4 ½ Bath Luxury Colonial Kentlands Midtown Townhouse Desirable Kentlands Parkwood TH, 4 bedroom. 4.5 bath, Hrdwd floors,10ft ceilings, Gourmet Kitchen with island,3rd floor owners suite with deck+awning, deck off kitchen + patio1 frplc in LL. den.detached 2 car garage Listing courtesy of Rosselle Realty Services 108 LAKE ST, GAITHERSBURG, MD 20878 List Price: $860,000 4 Bedroom , 4 ½ Bath Kentlands Gatehouse BANK OWNED*** BEST PRICE IN... 01/10/2009

I have been trying to gather as much information about Fannie Mae's new approach to the pre-foreclosure market.   A lot of the 3 and 5 year ARM's that were so popular that many years back are poised to convert and it's going to be the straw that breaks the camel's back for even more homeowners. Fannie Mae, Freddie Mac and Countrywide launched a beta program in Orlando, Florida and Phoenix, Arizona actually setting short sale prices, pro-actively and allowing eligible sellers the opportunity to avoid foreclosure. I haven't heard how they will set the prices, but an appraisal and a BPO would probably be a good place to start. If the program extends the time the defaulters are able to stay in their homes until it sells, there could be a huge advantage to everyone. The properties may suffer... 01/10/2009

Foreclosures in Gaithersburg Maryland Fernando, I need to find a cheap home in Gaithersburg Maryland Can you help me? Ms Future Client:It was very nice speaking with you today. As promised, I would like to initially send you a few properties that may interest you. . www.HERBOSO.comI will also like to invite you to sign up for an updated list of foreclosures in Gaithersburg Maryland HEREPlease know that, we will be glad to help you find just the right property for you if you would gives us teh consideration to work on your behalf.Would you be available this Saturday to go and preview some of these properties?Please let me know and I will be glad to arrange it for you.Sincerely, Fernando ( my direct number is 240-426-5754) Fernando HerbosoHerboso & Associates Broker "Working with us it's... 01/07/2009

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YOU’RE INVITED!   Come And Find Out... What’s happening with today’s real estate market. Available financing options. How Weichert simplifies the home buying process. Free Home Buying Seminar ~ Thursday February 19th ~ 7:PM to 8:PM 20400 Observation Drive - Suite 200, Germantown, MD. 20876   Topics discussed: Process of buying a home ~ Current Market Statistics & Trends ~ Benefits of using a Buyers Agent ~ Benefits of Loan Pre-approval ~ Benefits of Owning vs Renting ~ First Time Home Buyers Benefits, Incentives & Special Loan Programs ~ New Tax Credit For Home Buyers (Up To $7500)   Our Weichert Financial Gold Services Manager Will Be Available To Answer Any Questions.   Useful information for the experienced buyer and first time homebuyer. Light food and beverage served! Please call ... 12/19/2008

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Key Realty Group in Gaithersburg MarylandThis is an invitation to a class sponsored by Key Realty Group in Gaithesburg MDWhat?  Lead Generation using the InternetWhere? at 910 Clopper Road, Suite 210N, Gaithersburg, MarylandWhen ?   Tuesday at 6:30 PM EXAMPLE:  To see a list of all FORECLOSED HOMES in Montgomery County SIGN UP HERE Foreclosures in Montgomery CountyInstructor: Fernando Herboso from Choice Real Estate. All are invited!!!Fernando Herboso Herboso & AssociatesRealtor/ConsultantsCHOICE REAL ESTATE"Working with us it's not an OBLIGATION. .it's a choice" Phone: (301) 881-8900 Cell: (240)426-5754www.ReallyNiceHomes.com 12/14/2008

12/14/2008

 Every year my office, RE/MAX Realty Group in Gaithersburg, Maryland supports our community in some way.  In past years we have helped the Salvation Army Angel Tree Kids to help make the holidays better for others.  I was always amazed at the support and generosity that the agents in my office showed for those in need. This year we did a Food Drive for the Maryland Food Bank.  Kara Hurley, who is part of our office staff.  Kara organizes all of our community drives, social and educational activities.  Kara is a driving force to our success with the food drive.  Besides that, she is the cutest thing you could ever know.  Each agent was asked to send out postcards to folks in our SOI and other networks we were involved with in order to meet our goal of 500 lbs of food for the Maryland Foo... 12/09/2008

GAITHERSBURG MD REAL ESTATE FOR SALE IS PRICED FROM ABOUT 11% TO 25% LOWER IN 2008 THAN HOMES SOLD IN OCTOBER 2007.  Many of the homes sold were bank owned and short sales.  SOLD INFORMATION BELOW SHOWS THE PRICE REDUCTIONS FOR HOMES THROUGHOUT GAITHERSBURG, A VERY POPULAR TOWN IN MONTGOMERY COUNTY, MARYLAND.  See map below. 20886 Average SOLD Price - October, 2008 - $245,793. Average SOLD Price - October, 2007 - $325,320. Average SOLD Price - October, 2007 - October, 2008 - DOWN 24.45%. 20877 Average SOLD Price - October, 2008 - $266,806. Average SOLD Price - October, 2007 - $340,806. Average SOLD Price - October, 2007 - October, 2008 - DOWN 21.55%. 20879 Average SOLD Price - October, 2008 - $274,667. Average SOLD Price - October, 2007 - $318,484. Average SOLD Price - October, 2007 - ... 12/07/2008

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