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

1352 Bryant St Ne, Washington $715,000

Great opportunity to own this multifamily home which offers 4 2-bedroom units, each with their own living/dining room and full bathroom. 2 units on the main level and 2 u...

4 Beds
4 Baths
DCDC2050556 MLS

1352 Bryant St Ne, Washington $715,000

Great opportunity to own this multifamily home which offers 4 2-bedroom units, each with their own living/dining room and full bathroom. 2 units on the main level and 2 u...

DCDC2050400 MLS

1012 Anderson Pl Se, Washington $525,000

Brick front Colonial w/3 bedroom,2.5 bath, family room w/gas fireplace, separate kitchen & dining room, master w/soaking tub, separate shower, 2 closets, unfinished base...

3 Beds
3 Baths
DCDC2049918 MLS

1619 Butler St Se, Washington $650,000

***Multiple Offers*** Highest and Best Deadline 5/23 at 10 AM*** Exceptional opportunity to own a detached multi family 4 unit all brick 2 story building with fabulous po...

DCDC2049154 MLS

834 50th Pl Ne, Washington $414,900 ▼

Welcome to the Pride of Deanwood. This little gem offers a closed-in front porch, a New Roof, and enter onto the shinney solid hardwood floors which are throughout the h...

2 Beds
2 Baths
DCDC2047310 MLS

210 Oakwood St Se Unit #207, Washington image

210 Oakwood St Se Unit #207, Washington — Congress Heights $199,900

A wonderful gated community and beautifully updated 1 Bedroom, 1 full bath condo at Savoy Court. This unit is turn key and ready for a new owner. Professionally painted t...

1 Beds
1 Baths
DCDC2046390 MLS
Congress Heights Bldg.

2220 Q St Nw, Washington $3,395,000 ▼

A contemporary styled home in an alley surrounded by more traditional homes. The original design combined two carriage houses and was built with entertainment in min...

5 Beds
5 Baths
DCDC2043466 MLS

9 Ne Hawthorne Ct Ne Unit #9, Washington image

9 Ne Hawthorne Ct Ne Unit #9, Washington — Brookland $500,000 ▼

GREETINGS, FUTURE OWNER! You are about to embark on the best adventure in homeownership! You get the RARE opportunity to RENOVATE and own in this magnificent private com...

2 Beds
3 Baths
DCDC2035074 MLS
Brookland Bldg.

3030 K St Nw Unit #203, Washington image

3030 K St Nw Unit #203, Washington — Washington Harbour $899,900 ▼

Embrace chic city living in this stunning 2 bedroom, 2.5 bath penthouse condo located in the heart of Georgetown’s Waterfront, and only steps away from the area’s finest ...

2 Beds
3 Baths
DCDC2029994 MLS
Washington Harbour Bldg.

4527 Foote St Ne, Washington $372,600 ▼

REO Occupied - AUCTION. The seller does not represent or guarantee occupancy status. NO VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" cash only...