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Foreclosures/ Bank Owned Properties in Montgomery County MD When a homeowner defaults on his/her mortgage in Montgomery County MD, the lender will start a process of reclaiming the property back to their investor. This is a process that gets initiated as soon as a homeowner is late 30 days on their mortgage. At this point, the homeowner is best advised to contact their bank and be honest and upfront with them from the beginning. Silence will not help your cause.. . as a matter fact, silence w... Read Full Post

Foreclosures present a great opportunity to buy a home at bargain price. . .. .but they are a few things you should watch yourself before buying. The perception is that a foreclosure wipes away any clouds on a title that were there before. A foreclosure may have all clouds in the title but sometimes . it doesn’t clean the slate completely clean. One of the reasons that Bank Owned Properties do not give you the option of closing with your own attorney or Settlement company is because they wa... Read Full Post

Fernando, I want to buy a short sale, what should I consider when buying one? If a home purchase is in your future and I assume you and your Realtor have already went over and secure the financing. . .in general: There are 3 types of properties for Sale in the Maryland DC area today to buy. ., they are: #1 Short Sales (pre-foreclosures, third party approval needed) #2 Foreclosures (Bank owned properties) #3 Traditional Sales (typical seller and buyer transaction) The best deals in general are... Read Full Post