Prince George's County MD Lender Owned Foreclosures
***Please let us know if you need to purchase by the end of April to qualify for the tax credit of $8,000 for first time home buyers or $6,500 for current home owners that are purchasing another primary residence. FHA buyers can save if under contract before April to avoid the increased cost of mortgage insurance.***
There are 336 lender owned foreclosures (REO), priced at $150,000 and BELOW, available for purchase in Prince George's County MD. Click on the listing number for full details on each property. Sort by column headings.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-100729908-546
There are 345 lender owned foreclosures (REO), priced at $150,000 and ABOVE, available for purchase in Prince George's County MD. Click on the listing number for full details on each property. Sort by column headings.
Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-100729940-571
Where is the best place to search for homes for sale 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. Please ask us for a referral to a loan officer if you do not have an existing relationship with a mortgage lender.
The Home Buyer Tax Credit now includes current home owners as well as first time buyers. http://www.federalhousingtaxcredit.com/glance.php
Please contact us with your real estate questions. Your referrals of friends and family members will always be appreciated.
Comments(12)