Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/03/11

By
Real Estate Sales Representative with RE/MAX Realty Group

Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 11/03/11

 

Each year, RE/MAX Realty Group and I work to collect food for folks in our community who are less fortunate. Over the years, we have collected a great deal of food. This year, however, the food banks tell us the need is especially great.

 

Our goal is to collect one ton of food.

 

Can you help? We will be collecting donations through Wednesday, November 16th. Please call or email me and leave any non-perishable food on your front step in a paper bag. Or, if you prefer, you can drop off food at either of our two local offices.

 

Thanks! As usual, I appreciate your support and your referrals.

 

The Montgomery County Distressed Market

 

Of the 3206 homes currently available for sale in Montgomery County, 79(2.5%) are REO or foreclosures while 583(18.2%) are potential short sales.  The number of foreclosures available remains low and in response, lenders are receiving multiple offers on many and selling them for above list price. Short sales continue to be an active segment for buyers looking potential deals, especially for those who can allow the lender(s) sufficient time to complete the process. 

 

Foreclosures:

 

There are 41 lender owned foreclosures (REO) for sale at or BELOW $250,000.  Click on the listing number to see the full property description. Sort by column headers.

Click the following URL to see the listings:

 

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2133467XBN8H&p=DE-152715216-943

 

There are 36 lender owned foreclosures (REO) for sale at or ABOVE $250,000.

Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2133467XBN8H&p=DE-152715223-409

 

Short Sale Pre-foreclosures:

 

There are 261 short sale listings at and below $250,000.

Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2133467XBN8H&p=DE-152715168-667

 

In the price range at and above $250,000, there are 322 short sale pre-foreclosures on the market.

Click the following URL to see the listings:

http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=2133467XBN8H&p=DE-152715198-660

 

Home buyers need to be very selective when submitting offers on short sale listings to avoid the disappointment of a canceled sale after much time has past.

 

Tip of the week:

 

This coming weekend, daylight savings time ends and we roll back our clocks at 2am Sunday.  This is also a great time to remember to replace your batteries in your smoke and/or carbon monoxide detectors. If your home uses natural gas, you should have a carbon monoxide detector in the home.

 

Statistics

 

The real estate market statistics for the past month may be viewed by clicking on the following link:   http://www.rbintel.com/statistics/montgomery-county-md

 

If you would like to receive information on neighboring counties, please email me directly. Additionally, custom searches can be created based upon specific criteria as well.

 

Free Credit Report:  You have the right to get a FREE COPY of your credit file disclosure, commonly called a credit report, once every 12 months, from each of the nationwide consumer credit reporting companies – EQUIFAX, EXPERIAN and TRANSUNION. For instant access to your FREE CREDIT REPORT, visit www.annualcreditreport.com or call 877-322-8228.

 

Please contact us with your real estate questions. Your referrals of friends and family members will always be appreciated.

 

Your Real Estate Professional,

 

Craig Rosenfeld

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Craig S. Rosenfeld
Remax Realty Group
Residential Specialist
crosenfeld@remax.net
www.craigrosenfeld.com
301-921-4519 (Direct)
301-529-0053 (cell)
888-247-5335(Toll Free)
301-258-7757(Office)

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