Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/02/12

By
Real Estate Sales Representative with RE/MAX Realty Group

Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/02/12

 

The Montgomery County Distressed Market

 

It’s time to get off the fence and step into home ownership or diversify your retirement portfolio. If you’ve been considering buying your first home or moving up to a larger home or buying an investment property, conditions have once again turned in your favor. It’s a great time to start acquiring real estate with low interest rates and banks motivated to move homes off of their books. There are great opportunities available. I recently received approval on a short sale in which the comparables are 100K higher than the purchase price. While the home needed work, this short sale offered instant equity!

 

Of the 2322 homes currently available for sale in Montgomery County, 63(2.7%) are  foreclosures while 448 (19.3%) are potential short sales.  The number of foreclosures available remains low.  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.   To search all available listings, please click here.

 

Interested in daily updates? Ask me about a Listingbook account and create your own custom search and receive new listings daily as they become available.

 

Foreclosures:

 

There are 32 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-158341034-412

 

There are 22 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-158341055-755

 

There are 9 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-158341181-866

 

 

Short Sale Pre-foreclosures:

 

There are 211 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-158341578-1

 

There are 193 short sale listings 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-158341490-446

There are 52 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-158341298-741

 

Have you visited my real estate page on Facebook? Please click here today and show me your support by “Liking” the page and feel free to share it with your friends and family.

Your referrals of friends, family members and colleagues will always be appreciated.  My business is referral based and I like it that way! I represent buyers and sellers as their exclusive agent in residential transactions, whether a regular resale or distressed property.  

 

Your Real Estate Professional,

 

Craig Rosenfeld

Licensed in Maryland and Virginia.

 

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Click here for my Active Rain Localisms Blog

 

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