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MONTGOMERY VILLAGE HOMES FOR SALE, PRE-FORECLOSURES, REO - MONTGOMERY COUNTY, MARYLAND

By
Industry Observer with Retired

MONTGOMERY VILLAGE HOMES FOR SALE, PRE-FORECLOSURES, REO - MONTGOMERY COUNTY, MARYLAND

Home owners and prospective home buyers are closely watching the local residential real estate market. We email monthly statistics, but sometimes you need to have a detailed look at what is actually on the market for sale.

The following three reports show the properties that are active listings of homes for sale in the area. The properties are sorted by subdivisions. You may sort differently by clicking on the column headers.

The first report shows the 28 active listings excluding the lender owned (REO) homes and the short sale listings.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-96328785-819

The second report shows the 52 short sale listings that are available. Short sales are transactions where the proceeds of the sale will not cover the outstanding mortgages. These are sometimes called pre-foreclosures. 

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-96328787-610 

The third report shows the 9 lender owned foreclosures (REO) properties that are for sale.  The lender owned properties are vacant and prices are reduced until they are sold by the highly motivated sellers.  

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-96328798-241 

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

Please contact us with your questions. We always appreciate your referrals.

MONTGOMERY VILLAGE IS BEING NEGATIVELY IMPACTED BY THE LARGE NUMBER OF PRE-FORECLOSURES.  SHORT SALE LISTING TEND TO PROJECT AN ARTIFICAL MARKET SINCE MANY WILL NOT REACH SETTLEMENT.

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland