Roy Kelley Sells Maryland Homes : Washington County MD Lender Owned Foreclosures & Short Sale Listings

Washington County MD Lender Owned Foreclosures & Short Sale Listings

***Take action now if you need to purchase by the end of April to qualify for the tax credit of $8,000 for first time home buyers or $6,500 for current home owners that are purchasing another primary residence. FHA buyers need to watch the April 5 date when the front end mortgage insurance premium will increase from 1.75% to 2.25%.***

There are 100 lender owned foreclosures (REO) available for purchase in Washington County MD Click on the listing number for full details on each property. Sort by column headings.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103816939-365

89 active short sale listings (pre-foreclosures) are available in Washington County.  These transactions take longer since they require third party approval. The secured lenders must agree to the contract terms since the proceeds will not fully cover the mortgage balances. More frustrations are to be expected since many of the lenders fail to approve the sales. These properties are sometimes described as pre-foreclosures.

Click the following URL to see the listings:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1135923XDLVP&p=DE-103816976-539

All home buyers that plan to use mortgage financing should obtain pre-approval for financing as the first step in the purchase process. Please ask for a referral if you do not have an existing relationship with a mortgage lender.

The Home Buyer Tax Credit now includes current home owners as well as first time buyers.  http://www.federalhousingtaxcredit.com/glance.php

Please contact us with your real estate questions. Your referrals of friends and family members will always be appreciated.