PRINCE GEORGE'S COUNTY MD LENDER OWNED FORECLOSURES

PRINCE GEORGE'S COUNTY MD LENDER OWNED FORECLOSURES  

There are 319 lender owned foreclosures (REO), priced at $150,000 and ABOVE, available for purchase in Prince George's County MD.     

Click the following URL to see the report.  Click on the listing number for full details on each property. Sort by column headings. http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-93581304-869

There are 328 lender owned foreclosures (REO), priced at $150,000 and BELOW, available for purchase in Prince George's County MD.   

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-93581280-180

When you are searching for homes in Maryland, you will want to use Homes Prospector at www.roykelley.com  This is a service of MRIS, the regional multiple listing service, and you will find the most accurate up to date information on properties that are available for purchase. Foreclosures will be included in the results of your searches.

Most of the homes that are sold at trustee sale auctions at the court house entrance are purchased by the secured mortgage lenders. The lenders then offer the homes for sale when they become part of the REO inventory. All of the lender owned homes are listed with area agents and are available on MRIS.

Why are buyers focusing on the REO inventory? The simple reason is that is where the purchase bargains are being found. Lenders are highly motivated sellers and they reduce the prices until the properties are under contract.

All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. First time home buyers need to move quickly to qualify for the currently available $8,000 tax credit. The settlement deadline to qualify for this incentive is November 30, 2009. Many of the lender owned foreclosures have deferred maintenance or repair requirements. Buyers that want to purchase fix-up properties should be learning about renovation financing such as the FHA 203(k) program.