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MONTGOMERY COUNTY FORECLOSURE LISTINGS AND SHORT SALE LISTINGS

FORECLOSURES IN MONTGOMERY COUNTY MD OFFER OPPORTUNITIES FOR HOME BUYERS TO REALIZE SAVING IN THE PURCHASE OF A HOME ON POTOMAC, GAITHERSBURG, CLARKSBURG and NORTH POTOMAC.

FORECLOSURES IN MONTGOMERY COUNTY IN THE "OVER $500,000" PRICE RANGE ARE RARE. We've searched the listing database and found the homes listed below.

SINGLE FAMILY FORECLOSED HOMES AND REO SALES IN MONTGOMERY COUNTY FOR SALE. CLICK the town name below to see photos and information about features.

City	Price	Style	BR	BA	Gar. #	Acres
Gaithersburg	$650,000	Colonial	4	4	2	0.195
Gaithersburg	$780,000	Colonial	4	4	3	3.15
Clarksburg	$679,000	Colonial	4	4	2	0.272
Gaithersburg	$699,000	Colonial	5	4	2	0.638
North Potomac	$602,900	Colonial	5	4	2	0.253

LUXURY HOME IN POTOMAC FOR SALE, FORECLOSURE

City Price Style BR BA Gar # Acres

Potomac

$1,590,900

Colonial

3.41

HOME BUYERS FOR REAL ESTATE IN MONTGOMERY CAN TAKE ADVANTAGE OF THE OPPORTUNITIES OFFERED BY FORECLOSED REAL ESTATE IN MONTGOMERY COUNTY FOR SALE BY BANKS, MORTGAGE COMPANIES AND REO MANAGEMENT COMPANIES.

Montgomery County Maryland map

SEARCH LISTINGS homes for sale in Montgomery County, MD

TYPICAL FORECLOSURE FOR SALE IN GAITHERSBURG, MARYLAND

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.

Posted by Lenn Harley, Real Estate Broker, Maryland & Virginia on 01/11/2008 08:36 AM

Comments (5)

montgomery county md foreclosures, foreclosured homes gaithersburg

Originally posted at: MD, VA Foreclosures, First Time Buyers Grants, CDA Loans MD, Rehab Loans MD & VA: MONTGOMERY COUNTY FORECLOSURE LISTINGS AND SHORT SALE LISTINGS

This post has been included in Maryland Information Montgomery County, MD Information

5 Comments on MONTGOMERY COUNTY FORECLOSURE LISTINGS AND SHORT SALE LISTINGS

JAN

2008

Lenn, thanks for sharing. Looks like some great deals there! I looked at the MRIS stats yesterday they just came out on the 10th. Your market has had some further declines. It is interesting to see that there are some great looking deals, yet no buyers. I cannot help but wonder if the buyers have cash, or the prices are still beyond their reach.

Jim. I read the stats too and see the same old, same old. Sellers are just not "seeing the light".

Below is Montgomery County for December. Prices up 1.19% BUT sales volume down 40.19%

THAT IS THE STORY.

Average Sold Price:	$ 519,017	$ 512,897	1.19 %

Total Units Sold:	576	963	- 40.19 %

I ran the numbers back to 2005..it paints a much more dire picture. That included much of the Northern Virginia area, Stafford, Spotsylvania, and a little bit of MD. I did not look at the DC area.

Jim. No matter how "dire" you believe it to be, it is more "dire".

But, it will work itself out because as the sellers refuse to lower their prices, the foreclosures and short sales will lower prices for them.

No home owner is more powerful than the market. The market is lowering by foreclosure, short sales, negotiation. The home owner who holds out for the high net proceeds will simply see the proceeds shrink.

Then I'll see their house. In the mean time, I'll just keep selling new homes.

Great quote Lenn! "...as the sellers refuse to lower their prices, the foreclosures and short sales will lower prices for them...No home owner is more powerful than the market. The market is lowering by foreclosure, short sales, negotiation." Well stated!

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