Are you looking for an affordable and comfortable place to live in the DMV?
You are in the right place!
Our real estate listings features single family homes, condos, town homes and other properties. New real estate listings become available every day, and
Bank Owned Properties are properties that have been foreclosed and purchased by the mortgage company(bank). These properties are now owned by the bank and may be available for purchase. From my experience bank owned properties are an easy close. Once an offer is placed on a bank owned property, you could receive an offer of acceptance or rejection in a day or two.
Pre-Foreclosuresare properties that are at risk of foreclosure. If the property owner is delinquent in their mortgage payment and/or have not made arrangements with the mortgage lender to modify the loan. The owner of the property has made the decision to sale the property. See "Short sale" for real estate listings.
Short Sale properties are those properties that are being sold for less than the current mortgage balance and may require a "Third Party Approval." In most cases the third party is the mortgage company/servicer. Closing on a property that required a bank approval could take three months or more to close. If you're not in a hurry and looking for a good deal than short sales are what you are looking for.