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Takoma Park, MD 20912

Multi-Family

$399,900

Status: Inactive

Listing ID: 52661299

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Property Information

  • Price: $399,900
  • Lot Size: 0.11 acres
  • Heating Type: Radiator
  • Year Built: 1942
  • Comments: Listing Status: Pending
  • Source ID: MDMC667396
  • Days On Site: 325
  • Subdivision: TAKOMA PARK/MONTG COUNTY
  • Elementary School: ROLLING TERRACE
  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Junior High School: SILVER SPRING INTERNATIONAL
  • Senior High School: MONTGOMERY BLAIR
  • Property Type: Multi Family Dwelling

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

    Contact Information

  • Agent Company: Takoma Park Old Town
  • Agent Name: David Maplesden
  • Agent Company Address: 1 Columbia Ave.
  • Agent Company City: Takoma Park
  • Agent Company State: MD
  • Agent Company Zip: 20912
  • Agent Company Phone: (866) 677-6937
  • Agent Company Email: Email Now
  • Agent Phone: (866) 677-6937
  • Agent Email: Email Now

Listing History

Start Date End Date Listing Type Bank Name
07/24/10 08/11/10 Preforeclosure

    Mortgage Information

  • Estimated Monthly Payment: Payments as low as $2,100 per month
  • Monthly Payment Disclaimer:

    Based on a 30 year fixed-rate of

    5.75% with $39,990 (10%) down.

    Check rates now!

FIRST STEPS:

Short Sales

You've identified an ideal short sale property. Now what? Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value.

Read more

Indeed, the existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

On the flip side, lenders are often willing to agree to sale prices that are considerably less than what is owed on the current mortgages because the alternative is foreclosure, a costly, complicated and expensive process that will most likely only clog their non-performing asset pipeline further.

Therefore, once you identify a desirable short sale property, it's important to contact a local licensed real estate professional - or the listing agent - who can walk you through the negotiation and purchase process.

You need to act fast!

That's because short sales are time-sensitive. In addition, it's not a "traditional" transaction, meaning that it often takes longer - about four to six months on average - to close a deal.

But, more often that not, it's well worth the wait ... literally and figuratively.

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foreclosure.com

Garland Ave
Takoma Park, MD 20912

Multi-Family

$399,900

Status: Inactive Listing ID: 52661299

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosurefreesearch.com/listing/address.html?address=Garland-Ave-Takoma-Park-MD-20912/52661299_lid