Silver Spring, Maryland 20904
Listing Details
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Silver Spring, MD 20904

3 Beds | 2 Baths | 700 sq. ft.
Foreclosure
Listing ID: 52976712

$199,900

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices. For more check out 'First Steps' below.
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  • Property Information
    • Price: $199,900
    • Bedrooms: 3
    • Bathrooms: 2
    • Half Baths: 1
    • Living Area Size: 700
    • Year Built: 1980
    • Property Description: This townhome is located near the heart of Silver Spring and all that the area has to offer. The keyword is potential and the opportunity to transform this property into a home. Please submit all offers to the listing broker/agent. To report any concerns with a listing broker/agent or to report any property condition or other concern needing escalation (including concerns related to a previously submitted offer) please call 1-877-617-5274. No electronic signatures allowed.
    • Comments: Sale Pending
    • Source ID: REO485329
    • Day(s) On Site: 32
  • Property Tax Roll
    • Subdivision: PAINT BRANCH PARK
    • Property Type: Condo
  • County Tax Roll
    • Land Area Sqft: 3,758
    • Year Built: 1980
    • APN: KQ22-0000-0000-0000-0000
    • Property Type: Condominium
    • Township: 05
    • Living Sqft: 700
    • Style: CONDOMINIUM
    • Sewer Type: PUBLIC
    • Subdivision: PAINT BRANCH PARK
  • AVM Report
  • NEW Credit Information Center
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  • County Information
  • Document Center
  • Mortgage Information
    • Estimated Monthly Payment: Payments as low as $1,050 per month
    • Monthly Payment Disclaimer:

      Based on a 30 year fixed-rate of

      5.75% with $19,990 (10%) down.

      Check rates now!
  • Contact Information
    • Agent Company: Keller Williams Capital Properties
    • Agent Name: Chris Dyer
    • Agent Phone: (301) 251-1221

FIRST STEPS:

Foreclosures

You've identified an ideal foreclosure property. Now what?

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Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers.

A property will most likely be listed with a Realtor® who can assist you with submitting an offer.

Contact the listing broker's office as soon as possible to learn about how to visit the property, make offers, and close a transaction. For your convenience, this contact information is located to your left under the property's "Contact Information" header.

This is a big investment. Therefore, learn as much as you can about the property, lender, loan amount and expenses the lender wants to recover.

Once you've gathered this information, it's time to make an informed offer.

Always keep in mind that the seller's primary objective is to recover the amount of the loan balance that was not paid by the previous homeowner, as well as the costs of the foreclosure action and other expenses.

However, the longer lenders own properties, the more eager they become to sell them, often at reduced prices.

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