Maryland Still Has a LOT of Foreclosures - Short Sale Option?

By
Real Estate Agent with RE/MAX Executive

We have enjoyed a huge amount of recovery in our great state of Maryland but we are still towards the front of the pack when it comes to foreclosures; 1 out of every 918 units as of August 2018.  

 

Many of these foreclosures can be handled through a short sale short sale townhousewhich allows a person to sell their house with dignity and not have to go through the foreclosure process.    

 

We have a streamlined process to help our clients through this hard time with the minimum amount of stress and no expense to them.  The attorney we use does not require payment from the seller or the buyer and only accepts the amount the bank pays them.  This allows us to more effectively market the home to buyers because it keeps their out-of-pocket costs down.  Oh and the bank also pays all the real estate commission!

 

We have this beautiful 2 year old townhouse under contract currently and it's in a short sale position due to health issues with the seller.  There are a multitude of reasons why someone might be underwater with their mortgage but still need to make a move - medical/health, job loss, divorce, relocation requirement for work, etc.  

 

Banks also prefer people do a short sale rather than let the house go to foreclosure because it nets them the most money and keep the property off their REO books.

 

If you know or hear of anyone who might be in a situation like this in Maryland, please give them our information or give us theirs and we'll contact them right away and see if we can help them short sale their house rather than let it go to foreclosure.  

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To list your property for sale or to purchase a property in Anne Arundel or Howard Counties as well as parts of Prince George’s, Calvert, and Montgomery Counties, call Lisa & David Webber, Licensed Realtors® at 410-320-0242.  For more information on our services, please visit our profile or our website.  Find us on google+, and twitter.

To view all the homes available for sale in Maryland, click here for your FREE ListingBook account and search like a Realtor does.

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Topic:
Home Selling
Location:
Maryland
Groups:
Military Relocations
Agents who want REFERRALS!
Anne Arundel Co Maryland
Tags:
maryland foreclosures
maryland short sales

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