Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/22/12
The Montgomery County Distressed Market
The market is opportunistic and provides opportunities build an investment portfolio of real estate and/or acquire a new primary residence. Investor financing is available in the mid 4% range with a 20% DP. Additionally, investors can seek construction rehab loans based on the rehab properties future value. Second trust loans are available on primary residences affording 95% financing and allowing buyers to avoid the pending increase in the FHA rates. Ready to make the move, just let me know.
Of the 2508 homes currently available for sale in Montgomery County, 39(1.56%) are foreclosures while 319 (12.7%) are potential short sales.
Foreclosures:
There are 17 lender owned foreclosures (REO) for sale at or BELOW $250,000. Click on the listing number to see the full property description. Sort by column headers.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-162427673-188
There are 16 lender owned foreclosures (REO) for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-162427734-717
There are 6 lender owned foreclosures (REO) for sale at or Above $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-162427865-397
Short Sale Pre-foreclosures:
There are 135 short sale listings at and below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-162427543-218
There are 138 short sale listings for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-162427525-186
There are 49 short sale listings for sale at or above $500,000
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-162427510-538
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Your Real Estate Professional,
Craig Rosenfeld
Licensed in Maryland and Virginia.
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