Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 04/19/12

By
Real Estate Sales Representative with RE/MAX Realty Group

Montgomery County, Maryland Foreclosures & Short Sales Update Rev. 04/19/12

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The Montgomery County Distressed Market

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If you have been reluctant to put forth an offer on a short sale due to the time involved, Great News! Beginning June 15, distressed homeowners whose loans are backed by Fannie Mae and Freddie Mac should expect to receive a decision on a short sale offer within 30-60 days.  Hopefully, this will gain momentum with non- Fannie & Freddie loans as well.

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The rate of home foreclosure filings in Montgomery County last month plunged 39.9 percent from February and 44.8 percent from March 2011, according to data in a new report from RealtyTrac. The statewide rate in March also fell, although not as steeply: 3.7 percent and 28.1 percent, respectively. With one foreclosure filing per 3,722 households, Montgomery had the second-lowest rate in the state. 

Perspective home buyers should concentrate on motivated sellers, not those simply testing the market. Some regular resale properties may be better opportunities than a distressed property.

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Of the 2719 homes currently available for sale in Montgomery County, 32(1.20%) are foreclosures while 312 (11.5%) are potential short sales.  You may view all available homes at www.craigrosenfeld.com

 

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Foreclosures:

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There are 17 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.

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Click the following URL to see the listings:

http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-165036099-585

 

There are 10 lender owned foreclosures (REO) for sale between $250,000 and $500,000. 

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Click the following URL to see the listings:

http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-165036237-253

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There are 5 lender owned foreclosures (REO) for sale at or Above $500,000.

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Click the following URL to see the listings:

http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-165036373-267

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Short Sale Pre-foreclosures:

 

There are 137 short sale listings below $250,000.

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Click the following URL to see the listings:

http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-165035997-538

 

There are 144 short sale listings for sale between $250,000 and $500,000. 

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Click the following URL to see the listings:

http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-165035901-14

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There are 35 short sale listings for sale at or above $500,000

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Click the following URL to see the listings:

http://mrislistings.mris.com/DE.asp?k=2133467XBN8H&p=DE-165035792-181

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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.

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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.  

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Your Real Estate Professional,

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Craig Rosenfeld

Licensed in Maryland and Virginia.

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Follow me on Facebook 

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Tags:
buyers
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freddie mac
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