Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 12/29/11
The Washington Regional Alcohol Program will again be offering its Sober Ride Program at 1-800-200-TAXI from now through Jan 01, 2012. For more information, visit http://www.wrap.org/soberride/.
Beginning January 01, 2012, the Montgomery County Bag tax takes effect. All retailers will be required to collect five cents per bag. If you have recyclable bags or plastic grocery bags, leave a few in the trunk of your car.
Licensed in Maryland and Virginia, I represent buyers and sellers in residential transactions, whether a regular resale or distressed property. If you know anyone who would benefit from my services, please call or email me their information and I will promptly follow up with them. Your referrals of friends, family members and colleagues will always be appreciated.
The Montgomery County Distressed Market
Of the 2513 homes currently available for sale in Montgomery County, 86(3.4%) are REO or foreclosures while 505(20.1%) are potential short sales. The number of foreclosures available is very low and lenders are continuing to receive multiple offers on many and selling them for above list price. Short sales continue to be an active segment for buyers, especially for those who can allow the lender(s) sufficient time to complete the process, usually 3-6 months.
Foreclosures:
There are 43 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/DE.asp?k=2133467XBN8H&p=DE-155935567-864
There are 35 lender owned foreclosures (REO) for sale between $250,000 and $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-155935576-792
There are 8 lender owned foreclosures (REO) for sale at or Above $500,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-155935589-479
Short Sale Pre-foreclosures:
There are 236 short sale listings at and below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-155935602-233
There are 224 short sale listings for sale between $250,000 and $500,000. 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/DE.asp?k=2133467XBN8H&p=DE-155935615-829
There are 54 short sale listings for sale at or above $500,000
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-155935621-305
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.
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. You should review your credit file annually to help protect yourself from identity fraud and to ensure that there no unexpected issues. Annual review will help ensure a smoother process if and when you need to apply for a new mortgage.
Your Real Estate Professional,
Craig Rosenfeld
Please remember, I'm never too busy for your referrals!
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