Foreclosures are getting harder and harder to find, but we’re here to help you in your search. If you are in the market for a short sale, foreclosed or REO property, please contact us to get the latest list. Though we display the most recent foreclosures listed in our MLS, not all properties make it online. They sell too quickly!
To be in the know when it comes to foreclosures, you need a licensed real estate agent working for you on the inside. We’d love to help you keep track of the latest opportunities in your area that you're interested in. If you want to view properties today, please don’t wait for an email reply, call us at 301-769-6377 for the fastest service.
Buyer Beware: A foreclosed home may seem like a great way to get a sweet deal on a house - but buyer beware! Foreclosed homes that have been abandoned or neglected for months - or even a year often come with hidden cost that can turn that bargain into a money pit.
The most serious problems found in foreclosed homes are often caused by broken plumbing pipes or leaks. What may at first just seem like a shoddy bathroom repair can lead to rotted floors or walls that could cost thousands to replace.
Get a sense of the situation before you commit, Check faucets for water pressure, inspect the ceilings and baseboards for water stains, and look for signs of mold and mildew, which can be indicators of plumbing problems.
There's a 50/50 chance that you will find a foreclosed home in good condition as in ready to move in. Never think that you as a home buyer can offer the bank a low ball offer due to the condition of the property. Most of the time the bank who has taken the property back from a delinquent home owner has already taken into account of what the property value is in its current condition from estimates given to the bank from contractors, realtors or home appraiser that have looked over the property condition while comparing similar sold homes that are in better condition as well as similar homes in poor condition.