Layhill Village (Silver Spring, MD)
Layhill Village (Silver Spring, MD) Real Estate News
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COUNTRYWIDE REO BARGAIN - 14204 PICCADILLY RD, SILVER SPRING, MD 20906
Roy Kelley (Retired Real Estate Broker, Maryland Blogger)

COUNTRYWIDE REO BARGAIN - SILVER SPRING, MARYLAND

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 us 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 us for the name of a loan officer. 

We represent buyers as their exclusive agents.  Let us know if you would like to receive our client reports on lender owned homes in Frederick County and Montgomery County, MD.  roykelley@mris.com

NOTICE:  AVOID AUTOMATIC CONTRACT REJECTION.  PROSPECTIVE BUYERS MUST SUBMIT A CONTRYWIDE PRE-QUALIFICATION LETTER WITH ANY OFFER. 

14204 PICCADILLY RD, SILVER SPRING, MD 20906  

LAYHILL VILLAGE EAST - 4 BEDROOMS/3 BATHS - $399,900
 
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PREVIOUS TRANSACTION DATE AND PRICE:  27-Jul-2006  $524,900
Tax Fiscal Year  2008  Estimated property tax and non-tax charges in first full fiscal year of ownership.

 
TOTAL EST. CHARGES:  $4,375  City Tax:  Tax Year:  2008  
State/County Tax:  $2,927  Refuse:  278.96 Base Tax Rate:  0.74  
Special Tax:  $1,170 Homestd/Exempt Status:    Exempt Class:  000  
Front Foot Fee:  Tax Class:  38   Mult Class:  




ASSESSMENT        

         
Year Assessed
Phase-in Value
Land
Improvement
Land Use
 
2008 $396,026 $269,390 $198,530

Roy Kelley, a real estate broker since 1960, has retired from his position as Associate Broker with RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 



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