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

2212 Massachusetts Nw Avenue NW, Washington image

2212 Massachusetts Nw Avenue NW, Washington $1,795,000

OPEN SUNDAY 9/27, 1-4PM! HUGE PRICE REDUCTION! EXTRAORDINARY VALUE RIGHT ON EMBASSY ROW. This is an incredible opportunity to own a 1916 landmark property on Embassy Row ...

7 Beds
5 Baths
DCDC488694 MLS

2472 Alabama Se Avenue SE Unit #B1, Washington image

2472 Alabama Se Avenue SE Unit #B1, Washington — Randle Heights $75,000

Spacious and Private one bedroom unit on the lower level of the building. Assigned parking. Close to Suitland Parkway and easy access to Downtown DC. This one needs TLC ...

1 Beds
1 Baths
DCDC486422 MLS
Randle Heights Bldg.

2212 Massachusetts Nw Avenue NW, Washington $1,995,000

This is an incredible opportunity to own a 1916 landmark property on Embassy Row in Kalorama that is complete with remarkable scale, elegant design, and architectural det...

7 Beds
5 Baths
DCDC479398 MLS

1440 N Nw Street NW Unit #1002, Washington image

1440 N Nw Street NW Unit #1002, Washington — Old City Ii $264,900 ▼

Cute Studio Newly Renovated on Top Floor. New Kitchen w/granite, Stainless Steel Appliances, New flooring etc. Condo fee covers all utilities, Laundry room on each floor,...

1 Baths
DCDC484984 MLS
Old City Ii Bldg.

4108 14th Nw Street NW Unit #1, Washington image

4108 14th Nw Street NW Unit #1, Washington — Columbia Heights $599,900

Bank Owned/Foreclosure. Sold AS-IS. Property is occupied. Do not approach the occupants. Priced below tax assessed value. 4-BR, 3BA, 2 level, 2100 square foot condo is 2...

4 Beds
3 Baths
DCDC484424 MLS
Columbia Heights Bldg.

4425 Ord Ne Street NE, Washington $299,900

Spacious corner lot located on a quiet tree-lined block in bustling Deanwood. Zoned R-1-B, this lot is perfect for a developer to create a beautiful single-family home th...

DCDC483404 MLS

1701 16th Nw Street NW Unit #611, Washington image

1701 16th Nw Street NW Unit #611, Washington $614,900

FHLMC first 20 days on the market ONLY accepting owner occupant offers after 9/9 investors can submit offer. Schedule showing online showingtime. See documents for disc...

2 Beds
1 Baths
DCDC483150 MLS

1404 Tuckerman Nw Street NW Unit #104, Washington image

1404 Tuckerman Nw Street NW Unit #104, Washington — Brightwood $193,900 ▼

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
DCDC482284 MLS
Brightwood Bldg.

3500 13th Nw Street NW Unit #B-1, Washington image

3500 13th Nw Street NW Unit #B-1, Washington — Columbia Heights $289,900 ▼

THIS IS A FABULOUS CONDO AND THE PRICE WAS JUST REDUCED!!! Beautifully updated 1 bedroom and bath unit with a private patio in pet friendly building ! Open kitchen with ...

1 Beds
1 Baths
DCDC481046 MLS
Columbia Heights Bldg.

936 Madison Nw Street NW Unit #100, Washington image

936 Madison Nw Street NW Unit #100, Washington $675,000

Excellent business opportunity 2 kitchens and 3 full baths on 2 levels(1st floor office and basement level) located on main north/south business corridor. Property is i...