Investors are buying foreclosures in Silver Spring, MD
REO Homes For Sale
Real estate investors are expanding their rental portfolios this summer by purchasing the bargains found in the inventory of lender owned foreclosures.
Blooming for real estate investors in Maryland.
74 lender owned foreclosures are included in the current inventory of homes for sale in Silver Spring.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-115814907-427
Prospective buyers are facing active competition and well priced properties are attracting multiple contracts. The best deals seem to be in the properties that need a lot of work. Inexperienced buyers are afraid of water damage, mold and other issues found in neglected properties. This is a market suited for those that know how to handle fix-up situations. Cash buyers have the advantage. Some smart first time buyers are using FHA 203(k) financing to purchase homes to renovate and occupy.
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