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

4205 48th Nw Place NW, Washington $1,025,000

Classic end unit townhouse in charming Spring Valley! Large rooms with lots of natural sunlight. Hardwood floors throughout main level. Spacious master suite with attache...

4 Beds
4 Baths
DCDC399752 MLS

3111 Naylor Se Road SE Unit #201, Washington image

3111 Naylor Se Road SE Unit #201, Washington — Randle Heights $64,900

Ready to move in! 1BR/1BA condo with hardwood floors, updated kitchen with counter tops, stainless steel appliances and a well laid out floor plan! Great opportunity for ...

1 Beds
1 Baths
DCDC399684 MLS
Randle Heights Bldg.

1355 Sheridan Nw Street NW, Washington image

1355 Sheridan Nw Street NW, Washington $609,900

Hurry! This property is Bank owned and awaits your finishing touches! Spacious interior with separate living and dining rooms. Dual direction stair access to upper level ...

3 Beds
3 Baths
DCDC399560 MLS

81 O Nw Street NW, Washington $659,000

Warm, cozy and unique townhome with so much to offer.An elegant open floor concept with hardwood floors all the way to the modern kitchen.The upper level loft offers a ma...

3 Beds
3 Baths
DCDC364228 MLS

739 18th Ne Street NE, Washington $479,900

Located in the well-sought after H Street Corridor, this 2BR/1BA attached/row home is awaiting its new owners touches. Home offers ample rear yard and unfinished, walk-ou...

2 Beds
1 Baths
DCDC399544 MLS

313 U Nw Street NW, Washington $639,000

MOTIVATED SELLER! PROPERTY SOLD STRICTLY IN AS IS CONDITION. Subject to tenants rights.Notices have been sent. Tenants are month-to-month. SPACIOUS 20+year renovation ...

3 Beds
2 Baths
DCDC399540 MLS

631 D Nw Street NW Unit #434, Washington image

631 D Nw Street NW Unit #434, Washington — Central $449,900

Spacious and quiet unit in private courtyard area of The Lafayette. Gorgeous hardwood, modern kitchen with island, plenty of counter-space and cabinetry, double doors to ...

1 Baths
DCDC399546 MLS
Central Bldg.

3701 Connecticut Nw Avenue NW Unit #136, Washington image

3701 Connecticut Nw Avenue NW Unit #136, Washington — Forest Hills $384,900

**Completely Renovated** All new 1BR/1BA condo in popular Wilshire Park! Beautiful open, modern floor plan w/ top notch finishes. Gourmet kitchen - SS appli, gran count, ...

1 Beds
1 Baths
DCDC399216 MLS
Forest Hills Bldg.

1433 Clifton Nw Street NW Unit #1, Washington image

1433 Clifton Nw Street NW Unit #1, Washington — Clifton Estate Condominiums $579,999

REDUCED PRICE INCLUDES PARKING SPACE. SOLD AS IS. Spacious Renovated Condo with 2 bedrooms, 1 bath, 10 ft. ceilings, masonary and marble fireplace surrounded by 3 walls o...

2 Beds
1 Baths
DCDC399184 MLS
Clifton Estate Condominiums Bldg.

3315 6th Se Street SE, Washington $135,000

This 3BR1.5BA semi-detached home offers 3 spacious bedrooms, full basement and off street parking for up to 2 vehicles. The Seller must comply with HUD Guidelines 24 CFR ...

3 Beds
2 Baths
DCDC399174 MLS

IDX Logo The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2019. Last updated: