Wednesday, March 30, 2011
Foreclosures MD/Montgomery County
Just wanted to give some quick facts on foreclosures in Maryland for the last quarter 2010. 2010-Montgomery County had the third-highest foreclosure activity behind Prince George's County and Baltimore city, and the fourth-highest number of mortgage loan default notices behind Prince George's County, Baltimore city and Baltimore County. We were far behind but are still hurting from the excess of the boom. Montgomery had 157 foreclosure filings in January compared to 486 foreclosure filings in January 2010. This is GREAT NEWS that they have dropped so much. Montgomery County had 103 foreclosure filings in February compared to 676 foreclosure filings in February 2010. I wish there were none, it's a terrible thing but this is going in the right direction. There were 134 foreclosure notices, 289 notices of sales and 243 lender purchases in the fourth quarter of 2010 in Montgomery County. Not all of these homes will go to foreclosure thankfully. If you face this as a possibility there is help available. Contact your lender first and there are HUD approved counseling also. Not to mention several government programs designed to keep you in the house or to get you out with some money to start over. Lastly here are some of the hot spots where foreclosures and defaults are highest in Montgomery County, MD. If you are interested in buying one of these foreclosed homes please contact a local realtor who knows Montgomery county VERY well. Clarksburg, ZIP code 20871 - Montgomery Village, ZIP code 20886 - Montgomery Village, ZIP code 20877 - Germantown, ZIP code 20874 - Takoma Park, ZIP code 20912 - Burtonsville, ZIP code 20866 - Laytonsville, ZIP code 20879 - Germantown, ZIP code 20876 This is where investors can get the best deals on housing as well as first time home buyers. I don't want to sound cruel but for the housing market to rebound we need to get these homes sold. Please contact me to learn how I can help you as a first time home buyer.