42 Foreclosures For Sale in Montgomery County, Maryland
There are 2,368 homes for sale in Montgomery County, Maryland. This information is based on multiple listing service (MRIS) statistics and does not include any properties that are not listed with agents. 42 (1.77%) of the available properties are lender owned foreclosures priced from $102,900 to $899,000. 413 (17.44%) are short sale pre-foreclosures.
Some prospective purchasers are surprised to find such a small number of foreclosures in the Montgomery County market after hearing the national news about the large volume of foreclosures in many major markets. Local markets vary greatly and it is always a good idea to have a comprehensive understanding of what is going on in the specific areas of interest.
The number of available lender owned foreclosures is not having a major impact on the overall market in Montgomery County, MD. On the other hand, the continued volume of short sale pre-foreclosures does tend to distort the market. A high percentage of the short sale offerings will never reach settlement because they will fail to obtain the required approval by the secured mortgage lenders.
42 Foreclosures For Sale in Montgomery County, Maryland
http://mrislistings.mris.com/DE.asp?ID=45515832040
All prospective purchasers, including real estate investors, that plan to use mortgage financing should obtain pre-approval for mortgage financing as one of the initial steps in the purchase process. The best person to ask for a lender recommendation is your exclusive buyer agent that has a current understanding of the local market conditions.
Please contact us when you have questions about the residential markets in the Maryland suburbs of Washington, DC.
Montgomery County, Maryland offers a high quality of life for the residents and is a preferred location for those that are relocated to the Washington, DC metro area.
Be sure to have your camera in hand to capture those special moments when you are out and about in your community or during your travels.
Longwood Gardens Orchid Extravaganza IMG_4029
Photograph by Roy Kelley using a Canon PowerShot G11 camera.
Roy and Dolores Kelley Photographs
Life is better when there are flowers to photograph.
Comments(3)