In September of 2012, Montgomery County had just under 1,000 homes active in some part of the foreclosure process:
· 82 percent had foreclosure papers filed
· 10 percent were bank-owned properties
· 9 percent were in the process of being auctioned
This recent foreclosure activity is less than it has been in the past 3 months, but greater than it was in June and March of this year. The highest concentration of new foreclosure properties is located in Silver Spring , while the city with the highest percentage of new foreclosure properties is Burtonsville.
It is evident in these figures that Montgomery County homeowners...Continue Reading