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Foreclosures and Bank Owned Homes For Sale In Pasadena Maryland - April 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage

There is an excellent selection of foreclosures and bank owned homes for sale in Pasadena Maryland. Foreclosures are often priced below market value. You can find Pasadena foreclosures in every different price range all over Pasadena Maryland. Bank owned homes, sometimes called REO homes or HUD homes, are those properties that have been foreclosed upon by lenders. They are usually sold as-is and often need work to make them habitable again but not always. Fannie Mae foreclosures are often freshly painted, have had the carpeting replaced, and could have new appliances. Distressed homes often start for sale at prices where the homeowner could sell and pay off their mortgage debt, but if they cannot sell the home for what they owe, homeowners often offer the home for sale as a short sale. If they are unable to sell the home short, then the bank will usually initiate foreclosure proceedings. Considering purchasing a bank owned home or a foreclosed home in Pasadena Maryland can be a great choice when it comes time to buy your next home.

The chart below tracks current real estate market trends for Pasadena Maryland in the 21122 zip and shows foreclosure sales compared with non-bank mediated sales over the last year.  The chart below is a dynamic and is updated about the 10th of each month to reflect that the latest trends in real estate.

The number of foreclosures and bank owned homes sold in Pasadena Maryland in 2011 was 125 for the year with an average sales price of $215,857. Year-to-date there have been 31 foreclosures sold with an average sales price of $167,085. Compared to non-foreclosures sales year-to-date of 101 homes sold with an average sales price of $296,131, Pasadena Maryland bank owned homes are selling at a 56.42% discount.

Map of Foreclosures and Bank Owned Homes For Sale in Pasadena Maryland

Don't waste any more time, click here to find a foreclosure or bank owned home in Pasadena Maryland.

NOTICE: Pasadena Maryland foreclosure and bank owned properties market data as of April 19, 2012. Information about the Pasadena Maryland foreclosure and bank owned properties market is believed to be accurate, but should not be relied upon without verification, is made available "As Is" and subject to revision at any time without notice.

Posted by

Stephen Howell, Sales Associate, Coldwell Banker Residential Brokerage, Annapolis, MarylandIf you are interested in buying a home in Annapolis, Maryland or the surrounding area and want to tour any property currently on the market, or if you have a home to sell in Annapolis, Maryland and want a professional consultation on current market conditions, please contact Stephen Howell at 443-994-8043 or e-mail him at showell@liveinannapolis.com or visit his website at LiveInAnnapolis.com.

Stephen Howell came to Annapolis to enjoy the Chesapeake bay in 1994. What he discovered was a whole new lifestyle. Ever since Stephen Howell has been successfully helping others make the most of Annapolis, Maryland. You'll find that with the right professional by your side, you can Live the lifestyle and live, work and play in Annapolis Maryland.

Stephen Howell and Jackson (his hound-mix from the HSSC) maintains residences on the Chesapeake Bay in Annapolis, Maryland and Gulf Coast in Sarasota, Florida. He works in the Annapolis, Maryland real estate market. His website lets people search the Annapolis Maryland area MLS. Buyers can also search for waterfront homes along the Cheasapeake Bay. His website has current real estate data on Annapolis, Maryland.

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Comments (1)

Wes Neal
Wes & Company - Tumwater, WA
The expertise you expect and attention you deserve

Good morning Stephen,

 

I like the way you wrote this and gave the stats, thanks for sharing!

Apr 19, 2012 01:37 AM