Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/01/12

By
Real Estate Sales Representative with RE/MAX Realty Group

Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/01/12

 

The Montgomery County Distressed Market

 

Please note: As I will be attending the RE/MAX convention next week learning how I can better assist you, next week’s report will be distributed on Friday March 9th.

 

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/. To find out who you’re representatives are, please visit www.mdelect.net.

 

FHA has announced rate increases that will affect buyers significantly. Effective April 1, 2012, the up-front MIP will increase from 1% to 1.75% and there will be additional .10 to .25% increases in the annual rates as well depending upon loan amounts. Now is the time to buy if using FHA.

 

The overall inventory and the number of short sales available in Montgomery County continue to decrease.  Motivated sellers have a great opportunity to take advantage of today’s market before any potential influx of new foreclosures become available.  If you or anyone you know are considering making a move, please let me know.

 

Buyers of distressed properties may need to look at motivated regular resales to find the right home. A motivated seller with a home in good

 

Of the 2322 homes currently available for sale in Montgomery County, 40(1.7%) are  foreclosures while 369 (15.9%) are potential short sales.

 

 

Foreclosures:

 

There are 14 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-160538715-314

 

There are 19 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-160538634-358

 

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-160538235-309

 

Short Sale Pre-foreclosures:

 

There are 162 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-160537932-184

 

There are 166 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-160538031-775

 

There are 50 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-160538128-713

 

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.

 

Follow me on Facebook 

 

Click here for my Active Rain Localisms Blog

 

 

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