Washington County Foreclosure Homes

Foreclosure is an often miss used word...

Foreclosure is actually the process that is taken when a homeowner has stopped making payments on their loans and the bank files for foreclosure in the local courts. They have to hire attorneys and the process is not only expensive, but could take not just months but possibly years to complete.

The correct words for a home that has gone through the foreclosure process are Bank Owned or REO (real estate owned) Property.

I guess it is just easier for the population as a whole to call them foreclosures.

So why would someone stop paying their mortgage?

The easy answer is life happens. Divorce, death, job loss, illness and more; are life events that can cause a financial strain on anyone.

Keep in mind that Banks are not in the business of owning homes.

They are in the business of LENDING money for people to buy homes. So when someone stops making their payments, the logical thing to do is to take it back and sell it to someone else.

Sounds kind of harsh, I know. I make no excuses for any bank, mind you. I have seen way too many instances, where if they (the bank) had been willing to make just one little tweak to their loan, the homeowner could have stayed in the home and continued to make payments. It is a very frustrating system.

One of the alternatives of Foreclosure is a Short Sale, where the homeowner can stay in the home up to the day of closing to a new buyer, possibly saving up their money and moving with a little bit more in their pockets than they would have just walking away.

Newest Washington County Foreclosures

3414 Brown Nw Street NW Unit ## A, Washington image

3414 Brown Nw Street NW Unit ## A, Washington — Mount Pleasant $815,000

This beautiful open space condo features over 1900 sq ft of living space and located in the sought after Mt. Pleasant area. Located close to Rock Creek Park and blocks fr...

3 Beds
3 Baths
DCDC459046 MLS
Mount Pleasant Bldg.

1464 Harvard Nw Street NW Unit #1, Washington image

1464 Harvard Nw Street NW Unit #1, Washington — The Ivy At Harvard $374,900

This beautiful condominium is located in THE IVY AT HARVARD community and offers hardwood flooring throughout, stainless steel appliances, granite countertops, washer/dry...

1 Beds
1 Baths
DCDC458602 MLS
The Ivy At Harvard Bldg.

2908 N Nw Street NW, Washington $2,699,000

Elegant 18th Century Federal style home in the East Village of Georgetown! Filled with classic historic charm, yet modern and offers an open floor-plan. Over 5,000 SF of ...

5 Beds
7 Baths
DCDC458432 MLS

4505 15th Nw Street NW, Washington image

4505 15th Nw Street NW, Washington $629,000

Amazing Opportunity in 16th St Heights! Instant Equity with comps selling for over $1 mil! Large solid home with full basement (convert to In-Law, Rec. Room or Potential ...

3 Beds
3 Baths
DCDC454396 MLS

5311 4th Nw Street NW, Washington $752,900

Now is the time to buy in Petworth!!! Fabulous 3 level row house with 3 bedrooms, 3 baths, bright white and sunny kitchen with stainless steel appliances, finished lower ...

3 Beds
4 Baths
DCDC458310 MLS

651 Maryland Ne Avenue NE, Washington image

651 Maryland Ne Avenue NE, Washington $2,495,000

Another amazing restoration by Morningstar Development. Magnificently renovated 5 BD with separate legal lower level unit. Incredible Brazilian wood roof deck with built-...

5 Beds
5 Baths
DCDC457204 MLS

2301 Pitts Se Place SE Unit #204, Washington image

2301 Pitts Se Place SE Unit #204, Washington — Barry Farms $229,900

Such a find!! Fabulous 1003 square foot condo with 3 bedrooms, 2 full baths, sunny kitchen open to living room/dining area and a wonderful balcony! Excellent commuter fr...

3 Beds
2 Baths
DCDC457710 MLS
Barry Farms Bldg.

121 Galveston Sw Place SW Unit #1, Washington image

121 Galveston Sw Place SW Unit #1, Washington — Congress Heights $109,000

Large 2 Bedroom/1 Bath unit ~ Sold AS-IS ~ Cash/Hard money only ~ Needs work

2 Beds
1 Baths
DCDC456014 MLS
Congress Heights Bldg.

1404 Tuckerman Nw Street NW Unit #104, Washington image

1404 Tuckerman Nw Street NW Unit #104, Washington — Brightwood $254,400

2nd floor condo in Brightwood community, 1 bedroom and 1 full bath condo in 24 hours secured building, renovated, white shaker cabinets and white granite counter top, S...

1 Beds
1 Baths
DCDC457026 MLS
Brightwood Bldg.

3103 Naylor Se Road SE Unit #103, Washington image

3103 Naylor Se Road SE Unit #103, Washington — Randle Heights $104,900

This sun-filled and spacious 2BR/1BA condo with off street parking has been recently updated with new flooring and fresh paint throughout. The galley kitchen features ci...