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

1515 Queen Ne Street NE, Washington image

1515 Queen Ne Street NE, Washington $350,000

Solid 2BR/1.5BA attached/row home located in the Trinidad community. Turn this gem into your dream home! Home in close proximity to H Street Corridor, DC Street Cars and ...

2 Beds
2 Baths
DCDC446258 MLS

730 51st Ne Street NE, Washington $199,000

Residential building lot located in red hot Deanwood!. 2,360 sf lot, zoned RA-2, can yield 4,248 sf building. Property is located on a quiet, dead end residential stree...

DCDC445814 MLS

1815 Good Hope Se Road SE, Washington image

1815 Good Hope Se Road SE, Washington $340,000

This large 3BR/1.5BA bath is located in the sought-after Anacostia community. Home offers spacious bedrooms and updated kitchen and baths. In close proximity to Anacostia...

3 Beds
2 Baths
DCDC445802 MLS

4610 4th Nw Street NW, Washington $579,000

Excellent opportunity to own in the Petworth community. Strictly SOLD AS-IS. Come transform this 3BR, 2BA rowhouse located within minutes of Metro station into your very ...

3 Beds
2 Baths
DCDC445458 MLS

3236 E Se Street SE, Washington $229,900

Great opportunity! Home is ready for a full rehab, nice corner lot, great location! Preferred closing First Class Title. Seller to provide {Special/Limited} Warranty Deed...

4 Beds
1 Baths
DCDC445376 MLS

430 13th Ne Street NE, Washington $634,900

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
DCDC445350 MLS

3623 38th Nw Street NW Unit #60, Washington image

3623 38th Nw Street NW Unit #60, Washington — Cleveland Park $339,990

Great opportunity to purchase way below market value in the subdivision of Victoria. Needs work, but possibility is endless. Sold strictly AS IS. Buyer to verify ground ...

1 Beds
1 Baths
DCDC445002 MLS
Cleveland Park Bldg.

603 Somerset Nw Place NW, Washington image

603 Somerset Nw Place NW, Washington $399,500

Phenomenal 2 BR row house in NW DC! 3 floors with a basement and tons of room! Close proximity to downtown, Takoma metro, bus lines, Rock Creek Park and much more! Outst...

2 Beds
3 Baths
DCDC444658 MLS

2831 Brentwood Ne Road NE, Washington image

2831 Brentwood Ne Road NE, Washington $499,000

Investor Special. Cash/Hard Money only. Wonderful 3 BR/2BA detached home in highly desirable Woodridge. Hardwood floors throughout. Excellent fixer upper. Long driveway...

3 Beds
2 Baths
DCDC443968 MLS

1433 Clifton Nw Street NW, Washington image

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

Clifton Estate Condominiums. Recently Renovated Condominiums. 1st floor has 2 bedrooms, 1 bath, 1 masonary and brick fireplace, surrounded by exposed brick, recessed li...