Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/16/12

The Montgomery County Distressed Market

If you or someone you know are planning on buying using a FHA loan, please note that the new budget calls for an increase in the upfront FHA funding fee. This increase will range between .25- .50% depending upon the purchase price. We don’t have an effective date yet but it’s likely these changes will take affect in the Spring. On a 200K purchase, this would mean an additional $500 in closing expenses. Now is the time to buy before the increased rates take effect.

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Of the 2360 homes currently available for sale in Montgomery County, 49(2.1%) are  foreclosures while 439 (18.6%) are potential short sales.

Foreclosures

There are 21 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-159441618-17

There are 20 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-159441556-739

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-159441414-792

Short Sale Pre-foreclosures

There are 209 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-159441295-338

There are 184 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-159441313-767

There are 56 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-159441329-767

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Your Real Estate Professional,

Craig Rosenfeld

Licensed in Maryland and Virginia.

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)