If you are having trouble making the monthly mortgage payments on your Montgomery County, MD home, know that you’re not alone.  In July, 1 out of every 2,041 homes received a foreclosure filing.  The highest percentage of these filings was in Silver Spring, Gaithersburg, Burtonsville, and Clarksburg.

  • 1 out of every 2,066 homes in Silver Spring, MD received foreclosure notices in July.
  • 1 out of every 1,163 homes in Burtonsville, MD received foreclosure notices in July.
  • 1 out of every 1,000 homes in Gaithersburg, MD received foreclosure notices in July.
  • 1 out of every 859 homes in Clarksburg, MD received foreclosure notices in July.

Total foreclosures in Montgomery County, MD have doubled in the past year, from 92 in August 2011 to 185 as of July 31, 2012.  However, this figure remains far below the national average, and slightly below the state average.

Fortunately, there are alternatives to foreclosure for homeowners in Montgomery County, MD.  To learn more about your options, such as a short sale, contact Emcee Arah and DeeCee Real Estate online or call 301.452.5252 and receive a free report:  Loan Modification Secrets.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, Emcee and his team of professionals have made it their mission to know the best possible options available to distressed homeowners for both their present AND their future…and you can trust that your free consultation will be always be completely confidential.

 
This post has been included in Maryland Real Estate News Montgomery County, MD Real Estate News
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2 Comments on Market Report for Montgomery County, MD

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547,588 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good Morning Emcee

Thanks for the post and market update. Have a great day
7:20am • #1
174,583 Points Outside Blog

Greetings Patrick. Make it a terrific day as well. 
9:27am • #2


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Emcee M. Arah, CDPE, CIAS, REMAX ~Sil Spr, MD~ EMA Real Estate Group

Silver Spring, MD

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Remax Excellence Sil Spr, MD, VA & DC.

Address: 10230 New Hampshire Avenue, Suite 100, Silver Spring, MD, 20903

Office Phone: (800) 666-3705 x 208

Cell Phone: (301) 452-5252

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