Friday, September 12, 2008

Silver Spring Foreclosure

September home buyers need to watch the inventory of lender owned homes. The lenders have a surplus inventory of foreclosed homes and are highly motivated to sell them before the winter season. Prices are reduced until the homes are under contract. It is a good time to make offers. Let me show you how to be the successful purchaser of a REO property.

Many families are using FHA financing for the low cash requirement and easier underwriting requirements. Recent changes by the White House made FHA even more attractive for use when purchasing lender owned homes. Buyers need to be pre-qualified for financing. Ask me for the name of a loan officer.

4320 Ivy Glen Road, Silver Spring, MD 20906
4 Bedroom, 2 Bath, Backs to woods and creek, Large shed for boat storage
Reduced from $284,900

Tax Fiscal Year 2008 Estimated property tax and non-tax charges in first full fiscal year of ownership.
City Tax:
Tax Year: 2008
State/County Tax: $2,534
Refuse: 344.96


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