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Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 02/23/12

 

The Montgomery County Distressed Market

MARYLAND HOMEOWNERS- The Governor is looking to reduce our Mortgage Interest Deduction that we all hold vital. Take five minutes out of your day to read about this very important issue, PLEASE! More tax burdens on real estate and homeowners will only further hurt Maryland's economic recovery. Please visit http://www.savemdmid.com/.

Successful short sales require a fair and reasonable offer. Lowball offers only stand to be rejected by the seller or the countered by the lender. Seller’s understand that failure to close mean they are one step closer to foreclosure, something they wish to avoid. Lenders are moving more assets into their short sale divisions as they try to shorten the timeframe for approval. However, if you are on a strict deadline for moving, a short sale may not be right for you unless you have temporary housing available.  For more information, please ask.

Of the 2347 homes currently available for sale in Montgomery County, 40(1.7%) are  foreclosures while 405 (17.3%) are potential short sales.

 

Foreclosures:

There are 15 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-159981644-836

 

There are 18 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-159981668-819

 

There are 7 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-159981696-863

 

Short Sale Pre-foreclosures:

There are 184 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-159981510-975

 

There are 175 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-159981395-889

 

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-159981372-894

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Your Real Estate Professional,

Craig Rosenfeld

Licensed in Maryland and Virginia.

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