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Silver Spring, MD 20906

1 Bed   1 Bath   991 sq. ft. sq. ft.   Condo

$140,000

Status: Inactive

Listing ID: 52425229

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Property Information

  • Price: $140,000
  • Bedrooms: 1
  • Bathrooms: 1
  • Full Baths: 1
  • Living Area Size: 991
  • Total Square Feet: 991
  • Air Conditioning: Central A/C
  • Year Built: 1988
  • Source ID: MDMC623756
  • Days On Site: 388
  • Subdivision: The Monterey Codm
  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: BEL PRE
  • Junior High School: PARKLAND
  • Senior High School: JOHN F. KENNEDY
  • Property Type: Condo

Public Records

  • Land Area Sqft: 2,808
  • Year Built: 1988
  • APN: HR52-0000-0000-0000A-0000
  • Property Type: Condominium
  • Township: 13
  • Living Sqft: 991
  • Style: CONDOMINIUM
  • Sewer Type: PUBLIC
  • Subdivision: MONTEREY CONDO
  •  

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: Fairfax Realty Premier
  • Agent Name: Alice Enow
  • Agent Company Address: 10770 Columbia PIKE
  • Agent Company City: Silver Spring
  • Agent Company State: MD
  • Agent Company Zip: 20901
  • Agent Company Phone: (301) 439-9500
  • Agent Company Email: Email Now
  • Agent Phone: (301) 439-9500
  • Agent Email: Email Now

    Mortgage Information

  • Estimated Monthly Payment: Payments as low as $735 per month
  • Monthly Payment Disclaimer:

    Based on a 30 year fixed-rate of

    5.75% with $14,000 (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

Hewitt Ave
Silver Spring, MD 20906

1 Bed   1 Bath   991 sq. ft. sq. ft.   Condo

$140,000

Status: Inactive Listing ID: 52425229

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=Hewitt-Ave-Silver-Spring-MD-20906/52425229_lid