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Silver Spring Lender Owned Foreclosures and Short Sale Listings

By
Industry Observer with Retired

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.

Posted by

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

Gaithersburg, Maryland  

Comments (4)

Roy Kelley
Retired - Gaithersburg, MD

Expect some rain in Maryland today. Be  careful if you are traveling on wet roadways.

Apr 26, 2016 10:37 PM
Roy Kelley
Retired - Gaithersburg, MD

We have a sunny Saturday morning in Maryland and a heat advisory is posted. 

Keep cool and have a wonderful weekend.

Jul 22, 2016 10:48 PM
Roy Kelley
Retired - Gaithersburg, MD

We took a day trip to Longwood Gardens for the annual A Longwood Christmas exhibit. It was a good way to start this week.

Dec 03, 2017 06:26 PM
Roy Kelley
Retired - Gaithersburg, MD

It is sometimes a good idea to revisit old blogs and reblogs. We might even find some good ideas for new posts.

Feb 23, 2018 12:32 PM