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Odenton MD Foreclosures by Category - March 7, 2010
Zip Code 21113

Although Odenton, MD is not considered a community where a lot of foreclosures happen, they do occur. As you can see from the table below, three are only ten Active foreclosures in Odenton, MD today. You can view these three foreclosures by clicking the link here.

Pre-foreclosure and Auction activity has seen an increase in the past few months.

If you're interested in seeing any Odenton, MD foreclosure, or any listing in Odenton, MD, I can help.

Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114

410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com

Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Odenton MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

Crofton MD Foreclosures by Category

Although Crofton, MD is not a hotbed of foreclosure activity, they do occur. As you can see from the table below, three are only three Active foreclosures in Crofton, MD today. You can view these three foreclosures by clicking the link here.

If you're interested in seeing any Crofton, MD foreclosure, or any listing in Crofton, MD, I can help.

Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114

410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com

Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

It doesn't take much research to know that there are a large number of foreclosures on the market, including some Crofton, MD homes for sale. Picking up a foreclosure property in Crofton, MD could be a great investment, but buyers do need to be careful.

If you're interested in including foreclosure properties in your home search, make sure you have a qualified, local Realtor to assist. The process to buy a foreclosure does differ a bit from a regular residential resale. Also, buyers agents usually get paid from the seller in a transaction. Even if the property is a foreclosure, where the owner is a bank.

There are three distinct phases of foreclosure activity. Once an owner stops paying their mortgage the lender will file for a notice of default. Remember all those documents you signed at closing. One of them gave the lender the right to do this. At this stage its really called a preforeclosure.

The bank has an obligation to post a public notice in the paper several times before they can go to court and take the property back. Once the court ordered foreclosure is complete, the bank can sell the property at auction on the courthouse steps in Annapolis, MD. Thats right, the auctioneer is on the courthouse steps and announces each property for sale. If there are no buyers at a price acceptable to the bank, the property reverts back to the lender, and will soon go on the market.

Banks aren't real estate companies, so their properties are listed for sale with a local brokerage. These are called REO properties, meaning Real Estate Owned.

Most buyers agents will tell you that they prefer working with a foreclosure than a short sale any day. Banks seem to have their act together on foreclosures, while short sales still have serious process problems, in many cases.

I can help if you're interested in looking at foreclosures anywhere in the Annapolis MD area. If you're not already working with an agent, give me a call at 443-995-9595.

Crofton, MD has 10 bank owned foreclosures for sale, and more in the preforeclosure stage. If you would like a listing of the Crofton, MD foreclosures, just eMail me at Rich@RichSellsHomes.com.

If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.

Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114

410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com

Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

As agents we do tend to see a bit of the seamier side of life. Which agent hasn't shown a house where about half of the furniture is missing? Or maybe the closets seem too empty because only one gender of clothes is in there.

What's going on in the market right now is about as bad as I've ever seen. I've never been accused of being a sentimental kind of guy, but I did think about all the interruptions in people's lives while showing properties this weekend.

It's a new client and they wanted to see homes in Bowie, MD. Bowie resides in a county where the average family income is approaching $100K. Not too shabby.

I made six appointments to see homes that matched their needs and it turns out that all were foreclosures. Every single one.I could have made twenty appointments and they all would have been bank owned properties. This is in a pretty affluent community where the unemployment rate is lower than the national average.

They were all vacant. All in so-so shape. All had previous owners who's life has been interrupted.

Reputable agents don't intentionally traffic in other people's misery, but it's impossible in today's market not to become involved in foreclosures and short sales. 

It did make me wonder though, as we're going through pretty difficult economic times, how many people out there are just one medical illness away from being in the same position? One downsizing away from losing their home and having their lives interrupted. 

Of course I can't do anything about it, but it does make me re-commit to making sure I do everything I can to protect the interests of my buyers.

Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com

Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved
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