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

714 Rock Creek Church Nw Road NW Unit #1, Washington image

714 Rock Creek Church Nw Road NW Unit #1, Washington — Columbia Heights $551,200

Great Location! 3bedrm and 3full bath 2 level condo with approximately 1200sqft. Unit features, granite counter tops, stainless steel appliances, kitchen island, hardwood...

3 Beds
3 Baths
DCDC439588 MLS
Columbia Heights Bldg.

732 Ingraham Nw Street NW, Washington image

732 Ingraham Nw Street NW, Washington $450,000

Lots of potential! Interior row-house with front porch and spacious floor plan + basement! Values in Petworth are rising, do not miss!

3 Beds
2 Baths
DCDC439582 MLS

430 13th Ne Street NE, Washington $649,500

Outstanding character and charm in this rowhouse in one of DC's hottest neighborhoods! From the street you will be immediately smitten with the detailing and architecture...

2 Beds
2 Baths
DCDC439404 MLS

3332 Clay Ne Place NE, Washington $230,000

This 2BR/1BA gem is located in the River Terrace community and is just right for the buyer seeking to create their on charm. Home offers hardwood floors and off street pa...

2 Beds
1 Baths
DCDC439358 MLS

2300 Irving Se Street SE, Washington image

2300 Irving Se Street SE, Washington $405,000

Circa 1989 large urban lot ~4775. Easily accessible to Suitland Parkway and 295. So convenient and on the bus line to three metro stations, Anacostia, Congress Heights, a...

3 Beds
4 Baths
DCDC439058 MLS

1805 29th Se Street SE, Washington image

1805 29th Se Street SE, Washington $260,000

*5 Days 1st Look Period but available now for showing. *Hill Crest newest listing awaiting a perfect buyer; attached Townhouse with one front loading car garage, 3 levels...

3 Beds
2 Baths
DCDC439190 MLS

212 54th Se Street SE, Washington $267,900

Seize the opportunity to update this semi-detached Federal with separate dining room, finished basement, 2 bedrooms and 1 full bathroom, light filled from 3 sides. Locate...

2 Beds
1 Baths
DCDC438430 MLS

3257 Stanton Se Road SE, Washington image

3257 Stanton Se Road SE, Washington $389,900

Well-Maintained 4BR/2FB/1HB town home unit located in the Henson Ridge community. Home offers wood flooring on main level, Kitchen with granite counters and SS appliance...

4 Beds
3 Baths
DCDC438662 MLS

3327 5th Se Street SE, Washington $257,333

Shell!!!! Investor Special looking for a quick cash close. Already been gutted and some other etc. Enter at your own risk.

4 Beds
4 Baths
DCDC438616 MLS

3948 Pennsylvania Se Avenue SE, Washington image

3948 Pennsylvania Se Avenue SE, Washington $499,000

Charming cottage located just minutes from Capitol Hill on Pennsylvania Ave. This lovely home offers 4 bedrooms and 3 full bathrooms, two fireplaces, wood floors, granite...