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Washington County, MD Foreclosures & Short Sales Update Rev. 8/16/11

By
Industry Observer with Retired

Washington County, MD Foreclosures & Short Sales Update Rev. 8/16/11

There are 868 homes for sale in Washington County, MD.  36 (4%) of the active listings are lender owned foreclosures and 122 (14%) are short sale pre-foreclosure offerings.
 
Loan Limit Reduction:  The "temporary" mortgage loan limits that are now in place will expire on September 30, 2011.  All loans using the temporary limits must settle on or before September 30th.  
 
RE/MAX Realty Group Preferred Lender:  Joe Salisbury at Presidential Bank Mortgage, joe@presidential.com, 301-590-8911 x 209 is the Preferred Lender for our office.
 
Lender Owned Homes:   
 
 
Short Sale Pre-foreclosures:   
 
 
Washington County, Maryland Real Estate Market Statistics:  During July, 2011, there were 100 closed sales and the average sold price was $145,787, down 14.56% from last year, with an average of 150 days on the market. The median sold price was $130,450, down 15.84% from last year.  The average sold price was 85.36% of the average original list price.   
 
The real estate statistics for the past month may be viewed by clicking on the following link.   http://www.rbintel.com/statistics/washington-county-md  The statistics are updated on the tenth of the following month.  

Free Credit Report:  You have the right to get a FREE COPY of your credit file disclosure, commonly called a credit report, once every 12 months, from each of the nationwide consumer credit reporting companies – EQUIFAX, EXPERIAN and TRANSUNION. For instant access to your FREE CREDIT REPORT, visit www.annualcreditreport.com or call 877-322-8228.

Home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. The same advice applies to investors. Those without a pre-approval are not considered to be serious purchasers. Please ask for a referral if you do not have an existing relationship with a mortgage lender.t

Please contact us with your real estate questions. Your referrals of friends and family members will always be appreciated.

 Blooming for Maryland home buyers.

Posted by

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

Gaithersburg, Maryland  

Comments (3)

Carl Winters
Canyon Lake, TX

Roy: I'm sure folks appreciate all the updates that you supply. They best get busy to beat the September 30th deadline.

Aug 16, 2011 01:09 PM
Roy Kelley
Retired - Gaithersburg, MD

Good morning, Ceil.  It is always good to hear from you. I hope you are having an outstanding week.

Blooming in Kentlands.  Photograph by Roy Kelley.

Aug 16, 2011 11:37 PM
Roy Kelley
Retired - Gaithersburg, MD

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

Mar 14, 2018 07:46 AM