Bowie, MD has been one of those areas hardest hit by foreclosures. Homes that complete the foreclosures process become bank owned properties and are listed with a local real estate brokerage for sale. The purchase of a bank owned property isn't much different than a normal resale.
Bowie, MD has had 562 homes sold since January 1, 2010. 208 of these homes have been bank owned (foreclosed properties). So far this year 37% of properties in Bowie, MD have been foreclosures.
Bank owned properties are usually sold "as is," and the offer has to go to someone in the bank for a approval. A few extra addenda here and there and you can be the owner of a bank owned property.
Right now there are sixty two bank owned properties for sale in Bowie, MD. Details on each of them can be viewed on the map below.
If you're not already working with an agent, I can show you any active listing in Maryland...including those Bowie, MD bank owned foreclosures.
Richard Iarossi, REALTOR® 410-451-6255 Office Annapolis MD Real Estate Specialist ©2009 - RichSellsHomes, All Rights Reserved
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
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