Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/15/12

By
Real Estate Sales Representative with RE/MAX Realty Group

Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/15/12

 

The Montgomery County Distressed Market

 

The Montgomery County market is looking healthier but the potential shadow inventory continues to loom over the market.  As of today, there are only 380 active distressed properties in Montgomery County as compared to the 1342 currently available in Prince George’s County. The market is opportunistic and provides opportunities build an investment portfolio of real estate and/or acquire a new primary residence. Second trust loans are available on primary residences affording 95% financing and allowing buyers to avoid the pending increase in the FHA rates. Ready to make the move, just let me know.

 

Of the 2429 homes currently available for sale in Montgomery County, 39(1.60%) are foreclosures while 341 (14.03%) 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-161798234-119

 

There are 15 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-161798295-880

 

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-161798405-242

 

Short Sale Pre-foreclosures:

 

There are 150 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-161798889-956

 

There are 147 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-161798673-75

 

There are 51 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-161798522-344

 

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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