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What's Available For $150,000 Or Less In Montgomery County?
What's Available For $150,000 Or Less In Montgomery County?  
Investor Alert  
This is a question that is being asked by real estate investors as they seek to build their rental portfolios. Many are pleased to find that there is a pretty good selection of Montgomery County properties below the $150,000 price level.  
This is what is available today:  
If you exclude the short sales and lender owned foreclosures, there are 126 available properties. Investors try to identify the highly motivated sellers. Another condition that favors investors is the current difficulty that home buyers are finding with FHA financing on condos. The lack of FHA condo financing is depressing prices and cash investors are taking advantage of the opportunities.  
Click the following URL to see the listings:http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-102712281-685  
For those that are playing the short sale market, there are 79 active listings. Short sale transactions must be approved by the secured mortgage lenders and most do not reach settlement because of the lack of approvals. Some investors are submitting contracts on multiple properties hoping that a couple will be approved. Contracts should be carefully worded to disclose this strategy to the sellers.  
Click the following URL ... more

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