PRINCE GEORGE'S COUNTY MD LENDER OWNED FORECLOSURES (REO)

PRINCE GEORGE'S COUNTY MD LENDER OWNED FORECLOSURES (REO)  

There are 352 lender owned foreclosures (REO), priced at $150,000 and ABOVE, available for purchase in Prince George's County MD.  Click on the listing number for full details on each property. Sort by column headings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95782412-963

There are 345 lender owned foreclosures (REO), priced at $150,000 and BELOW, available for purchase in Prince George's County MD.   

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-95782392-534

Where is the best place to search for homes for sale in Maryland?  You will want to use Homes Prospector at www.roykelley.com  This is a service of MRIS, the regional multiple listing service, and you will find the most accurate up to date information on properties that are available for purchase. Foreclosures will be included in the results of your searches.

Most of the homes that are sold at trustee sale auctions at the court house entrance are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory. All of the lender owned homes are listed with area agents and are available on MRIS.

Why are buyers focusing on the REO inventory? The simple reason is that is where the purchase bargains are being found. Lenders are highly motivated sellers and they reduce the prices until the properties are under contract.

All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. Please ask us for a referral to a loan officer if you do not have an existing relationship with a mortgage lender.

Do you qualify for the new tax credit?  The Home Buyer Tax Credit now includes current home owners as well as first time buyers. This link provides the highlights of the program:  http://www.federalhousingtaxcredit.com/glance.php

New Home Buyer Tax Credit video.  http://www.youtube.com/watch?v=1leN8E8BKTo

Real Estate Investors Zero In on Short Sale Homes video.  http://www.youtube.com/watch?v=ZMUZSPSrtuI&feature=related

PRINCE GEORGE'S COUNTY DOWN PAYMENT ASSISTANCE PROGRAM First time home buyers can take advantage of the county's Down Payment on Your Dream Program, in which buyers can receive down payment and closing costs assistance when purchasing a vacant foreclosed property in Prince George's County. This website outlines specific guidelines for the homebuyer, realtors and lenders as well as the necessary steps families must take in order to qualify. http://www.co.pg.md.us/dream/index.asp