Coni's Corner - A Community Blog

3304 Bigelow Ct. Burtonsville, MD Bank Owned $458,000

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 12 Jul 2010 22:34:35 -0400

Kitchen

Back of house

Kitchen Dining area

Front of House

Backyard

Call Coni Otto for a showing - 240-483-7556

Long & Foster Real Estate, Inc.

Office: 301-384-8700

www.Talk2Coni.com

10306 Balsamwood Dr. Laurel, MD 20708 FOR SALE... $339,000

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 12 Jul 2010 21:56:21 -0400

214 P. St. NW Interview with Contractor - Completely remodeled Home FOR SALE

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 17 May 2010 23:11:49 -0400

7659 Woodbine Rd. Laurel, Maryland 3 Bedrooms, 2 Full Bathrooms For Sale!

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 17 May 2010 23:04:37 -0400

7659 Woodbine Rd. in Laurel, MD for sale.... $229,000

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 17 May 2010 22:53:36 -0400

Forced to take the week off in Real Estate... Check out why...

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Wed, 10 Feb 2010 10:45:27 -0500

Wow, are we underwater in Laurel, MD and the DC Metro Area.... Take a look at my backyard..

http://www.youtube.com/watch?v=QfPWogHZQlI Click on Link

Counseling Info. to Eliminate Debt for Homebuyers, I give it out....

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 28 Dec 2009 23:08:08 -0500

Are you working with a buyer who has to clean up their credit? I can tell you that I have referred my clients to The National Foundation for Credit Counseling. This is a nonprofit organization that puts your buyers in contact with a local counselor that will help your clients with a strategy for eliminating their debt. Their number is 1-800-388-2227 if you would like to help your clients with their debt problems and purchase a house stick with the NFCC..

Call me anytime to help you with your Real Estate Purchase, I can refer you to a lender who would be happy to help you every step of the way. Call me at 240-483-7556 Cell

www.Talk2Coni.com

Coni Otto

Long & Foster Real Estate, Inc.

www.ConisCorner.com

www.Talk2Coni.com

Cell: 240-483-7556

Office: 301-384-8700

Real estate for sale in Upper Marlboro MD 7.6 acres just Reduced....

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 21 Dec 2009 21:45:53 -0500

The value of this property is in the LAND, the owner has no knowledge of this house because they bought the property for the land... house, garage, barn 7.60 acres of land Please check with county to confirm property can be used as a FARM - 7.6 acres - The house is livable so you can live in the house and enjoy the large property if you choose.... Call me today to set up an appointment to see this property, 240-483-7556 Reduced to $549,000 http://www.ConiOtto.com

Real estateon DC Line - 4302 40TH PL

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 21 Dec 2009 21:38:34 -0500

Price REDUCED TO $199,000.... $10,000 in closing help, Don't miss this Home that has been completely remodeled, new water heater, new a/c unit, new carpet,new Tiled floors,new tiled bathrooms,new hard wood floors in foyer,new dishwasher, ceiling fans. Window in living room has been ordered and will be installed in two weeks. Deck will be painted, come take a look call me today at 240-483-7556...

Bank owned Condo in Washington DC Reduced.....

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 21 Dec 2009 21:28:09 -0500

CONDO REDUCED TO $69,900....... Deanwood neighborhood... Call me today, 240-483-7556

14748 WEXHALL TER #25-269, BURTONSVILLE, MD 20866 FOR SALE.....

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 21 Dec 2009 21:22:33 -0500

Check out this completely remodeled Condo in Burtonsville, MD 20866

Working with Investors who FLIP? No sale for 90 days!!

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Tue, 15 Sep 2009 22:27:39 -0400

Did you know that there is a Anti-flipping law? What does that mean? It means if you purchase a property as an investor and you want to flip it you have to wait 90 days BEFORE YOU can accept a contract for the property. It's across the board, conventional, FHA, and VA....

So be prepared to hold the property for 90 days... FYI

Here is some info. on the FHA regulation...

Below you will see my email from FHA in response to my phone inquiry. In the response, you'll see that they cite Handbook 4155.2. A search of HUD's website led me to the 466-page handbook. In Chapter 4, page 25 (4-25), the anti-flipping regulation is laid out. A specific answer to the question as to when the 90 days begins can be found at 4155.2 4.7.e, which is on the bottom of Chapter 4, page 26 (4-26) It is very clear that the 90 day clock begins ticking on the "Seller's date of acquisition as the date of settlement on the seller's purchase of that property, and re-sale date as the date of execution of the sales contract by a buyer intending to finance the property with an FHA-insured loan."

Below is a link to the handbook. I've also attached a copy of the relevant page. FHA instructed me to have your UW call them if there is any uncertainty remaining.

http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4155.2/41552HSGH.pdf

Passing along the information I get to my clients and YOU.....

38 V. St. NW, Washington, DC 20001 Has an English Basement BANK OWNED SALE

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Fri, 25 Sep 2009 23:14:27 -0400

1604 Andover lane, Frederick, MD 4 bedroom, 2 full bath Split Level FOR SALE

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Fri, 25 Sep 2009 23:06:25 -0400

NEW Listing...... 1604 Andover Ln., Frederick MD.. Near Ft. Detrick

Coni Otto, CRS Selling in DC/MD/VA (Long & Foster Real Estate, Inc.) — Mon, 21 Sep 2009 21:37:21 -0400

Price: $195,000 Plus $10,000 in closing help! Don't let this one get away....

4 bedrooms 2 full baths, Split Level, Brick front home ,with a one car garage 1 block from playground, tennis and basketball courts, and picnic area. shopping, and public transportation is available, beautifully landscaped, and a brand new fence in backyard. Home is freshly painted, it has a Huge eat-in kitchen, with a freshly painted deck, family room and bedroom on the lower level.This house is a must see, owner is offering $10,000 towards closing help, close to Ft. Detrick

This house has been inspected already just for you, just email me and I will send you the report.. The seller has also decided to offer $10,000 in closing help....

Contact: Coni Otto of Long and Foster

Listing Agent: Coni Otto

www.ConiOtto.com Coni@Coniotto.com

Cell: 240-483-7556 Office: 301-384-8700

Front of house

Large country Kitchen

Large eat-in Kitchen

Full bathroom upstairs

Family Room

Master Bedroom

Bedroom1

Lower Level Bedroom

Backyard with deck

Fenced in backyard

Playground 1 block away with tennis courts and a picnic area

contact: Coni Otto

www.ConiOtto.com

Cell: 240-483-7556