Market Conditions around Frederick (foreclosures and REOs)
November 12, 2007 by Bob Carney
Filed under Foreclosure, Market Conditions
Today I will share some RealtyTrac Data. I have been tracking it for a few months. I am sure the foreclosures and short sales are only going to get worse before it gets better. You do have options before going to foreclosure…but you have to act before it’s too late. Short sales are one option. Some banks are willing to take less than you owe on your mortgage, if you are to sell you house. You have to do this before they start the Foreclosure proceedings. I know that when the phone rings you cringe…you can’t ignore it. Talk to your lender! They don’t want to own your property. Outcomes vary depending on lender and your personal situation…But you do have choices.
I have started set up another site strictly dedicated to foreclosures, auctions and Bank Owned properties. It is just in it’s infancy stages. I intend to amass resources, solutions and data around this increasing epidemic.
Bob is a licensed Real Estate agent in Maryland and Pennsylvania. You can contact him via email at bob@gotbob4homes.com or call him on his cell phone at 240-285-4918. Bob left the Frederick area to manage a resort office near Deep Creek Lake in Western Maryland. He still stays in touch with the area that he has grown to love. 
Bob Carney
Hey there, you changed your picture at the top of this blog! Nice idea… keeps it fresh! Excellent chart with helpful (but scary) information.
I changed to a whole new theme. I am looking to change the all white to a little color.
Thanks for stopping by…
This a good training even for new agents that haven’t sold their first property. Many clients complain about their experience when buying a home in foreclosure or in a short sale. This is just the lack of knowledge on the topic.