Silver Spring Lender Owned Foreclosures and Short Sale Listings - Montgomery County MD
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.
There are 60 lender owned foreclosures (REO) for sale in Silver Spring. 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-97846491-882
There are 166 short sale listings for sale.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-97846521-443
Home buyers should be very selective when considering the purchase of a short sale listing. If the price appears to be too good to be true, it may be an unrealistic situation that will never receive the required approval of the secured lenders.
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
Please contact us with your questions. Your referrals of friends and family members will always be appreciated.
Comments (4)Subscribe to CommentsComment