Washington County Foreclosure Search
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
Well maintained Multi-Family Building across from Stanton School! Four One bedroom and One bath units, each featuring spacious living room, bedroom and galley kitchen. T...
- DCDC2120008 MLS
What an opportunity! Three - two bedroom, two bathroom units in need of full renovation. Roof has an active leak. The property is ready to be brought back to life. This ...
- DCDC2119892 MLS
In the heart of Columbia Heights! Very close to everything! Unique unit with 1 bedroom and 2 bathrooms. Great location. Needs some cosmetic updates. Needs your special to...
- 1 Beds
- 2 Baths
- DCDC2119466 MLS
- Columbia Heights Bldg.
Imagine the possibilities...A great investment opportunity to buy, rehab, and rent out a duplex with two 1-bed/1-bath units. Access to two Metro Stations, a quick commute...
- 2 Beds
- 2 Baths
- DCDC2118196 MLS
Welcome to the Capital Gateway Estates! Close to the Metro, this SINGLE-FAMILY, DETACHED HOME with three bedrooms/two and one-half baths awaits your added touch! There’s...
- 3 Beds
- 4 Baths
- DCDC2117512 MLS
Imagine the possibilities...A great investment opportunity to buy, rehab, and rent out a duplex with two 1-bed/1-bath units. Access to two Metro Stations, a quick commute...
- DCDC2117486 MLS
Fully updated ADU condo for urban living at its finest. This stunning 2-bedroom, 2 full bathroom condo is situated in the highly sought-after neighborhood of Petworth in ...
- 2 Beds
- 2 Baths
- DCDC2114420 MLS
- Petworth Bldg.
Unit 1220 faces Pennsylvania Ave with sweeping views of the Capitol, Navy Memorial fountains, National Archives, Smithsonian Castle, and National Mall. The unit is turn...
- 1 Beds
- 1 Baths
- DCDC2112046 MLS
AUCTION! Do not email or fax any offers. No financed offers/bids. Property is being sold occupied with any and all occupants in AS IS/WHERE IS condition. Neither the sell...
- 4 Beds
- 3 Baths
- DCDC2111744 MLS
Welcome to a unique opportunity to own a spacious two-bedroom co-operative apartment in the heart of a rapidly gentrifying area in Washington, D.C. Priced at an astonishi...
- 2 Beds
- 1 Baths
- DCDC2111262 MLS
- The Adams Street Cooperative Bldg.
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