Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 03/29/12
The Montgomery County Distressed Market
I hope you enjoy receiving this weekly update. Please let me know how I may improve it to better serve you. If you have a friend, colleague of neighbor that is considering a move, please consider referring them to me. Your personal referrals are greatly appreciated and allow me to provide the service I enjoy.
The market is opportunistic and provides opportunities build an investment portfolio of real estate and/or acquire a new primary residence. Investor financing is available in the mid 4% range with a 20% DP. Additionally, investors can seek construction rehab loans based on the rehab properties future value. Second trust loans are available on primary residences affording 95% financing and allowing buyers to avoid the pending increase in the FHA rates.
Of the 2551 homes currently available for sale in Montgomery County, 40(1.57%) are foreclosures while 314 (12.3%) are potential short sales.
Foreclosures:
There are 18 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-163081640-99
There are 17 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-163083172-718
There are 5 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-163081858-99
Short Sale Pre-foreclosures:
There are 135 short sale listings below $250,000.
Click the following URL to see the listings:
http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-163081489-357
There are 139 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-163081412-856
There are 40 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-163081263-457
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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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