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

16409 NATIONAL PIKE, Hagerstown $113,800

Built in 1930, this two story single family home offers approximately 1800 finished square feet, four bedrooms and one full bath, fireplace, rear deck, fenced rear yard a...

4 Beds
1 Baths
WA10214003 MLS

641 POTOMAC STREET, Hagerstown $65,000

TLC needed, but could be a great home near many amenities.Could be 4 finished levels. Large eat-in kitchen, large full bath on upper level. Attic is third bedroom with l...

3 Beds
1 Baths
WA10213015 MLS

822 MONET DRIVE, Hagerstown $135,000

Home features 3 bedrooms, 2 full baths, 1 half bath, and attached single car garage. HUD property managed by Sage Acq, Sold "AS-IS~ Seller will make no repairs. Visit hud...

3 Beds
3 Baths
WA10211245 MLS

826 MONET DRIVE, Hagerstown $147,900

Freddie Mac first look thru May 3, 2018. Investor offers considered after that time. New appliances. All major systems checked out and functioning properly. Reports a...

3 Beds
3 Baths
WA10208899 MLS

18360 MANOR CHURCH ROAD, Boonsboro image

18360 MANOR CHURCH ROAD, Boonsboro $176,800

Brick rancher on 3.76 acre lot, no HOA. Great location , close to shopping, commuter routes. Ho!me has lots of potential!

3 Beds
3 Baths
WA10205726 MLS

19512 PORTSMOUTH DRIVE, Hagerstown image

19512 PORTSMOUTH DRIVE, Hagerstown $290,000

This Colonial home is located in Foxleigh Meadows. Features 4 bedrooms 2.5 baths. Large Sun room. Family room with fireplace, large living room, spacious kitchen with cen...

4 Beds
3 Baths
WA10204382 MLS

17022 CASTLE HILL ROAD, Hagerstown image

17022 CASTLE HILL ROAD, Hagerstown $345,000

Five Acre Farmette with Barn, Fenced Pastures, Brick Patio & Gazebo Overlooking Tranquil Pond. Venture Indoors to Large Family Room,Laundry/Butler Pantry, Gourmet Kitchen...

4 Beds
3 Baths
WA10198452 MLS

444 PROSPECT STREET N, Hagerstown $44,000

Half a Duplex w/ large backyard. Interior in need of some TLC, but large rooms and high ceilings make this one a keeper.

3 Beds
1 Baths
WA10197408 MLS

1017 OAK HILL AVENUE, Hagerstown $259,900

Oh, the history! 1904 Dutch Colonial with over 4,000 Square Feet. Multiple levels with many rooms. 7 bedrooms, 3 full baths, kitchen with island, butler pantry, separate ...

7 Beds
4 Baths
WA10192836 MLS

422 MCDOWELL AVENUE, Hagerstown $125,000

Legal 2-unit home, built in 1900, with approximately 2688 finished square feet, four bedrooms, four full baths, partially finished basement and covered front and back por...

4 Beds
4 Baths
WA10191123 MLS

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