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

44 49th Se Street SE Unit #201, Washington image

44 49th Se Street SE Unit #201, Washington — Marshall Heights $184,000

PROPERTY IS CURRENTLY OCCUPIED - DO NOT DISTURB OCCUPANTS! Only owner occupant buyers can have offers considered until July 23, 2020. Please visit www.auction.com for ad...

2 Beds
1 Baths
DCDC475228 MLS
Marshall Heights Bldg.

4920 3rd Nw Street NW, Washington $595,000

due to multiple offers the bank is requesting B&H offer by Sunday 6-28-2020, the bank does not accept escalation~clauses~so make your offer accordingly....... Let me know...

3 Beds
4 Baths
DCDC474098 MLS

1323 F Ne Street NE, Washington $629,900

Schedule showings online. Rehab Ready! This 2 level Capitol Hill bayfront Victoria is ready for your full renovation ideas. This home offers a brick fa~ade, both North an...

3 Beds
1 Baths
DCDC473682 MLS

4424 1st Ne Place NE Unit #11, Washington image

4424 1st Ne Place NE Unit #11, Washington — Brookland $230,000

Don't miss out on this incredibly affordable opportunity for this 1 Bedroom, 1 Bath condo in one of the city's most sought after neighborhoods, Brookland! Being nicely po...

1 Beds
1 Baths
DCDC472546 MLS
Brookland Bldg.

326 Massachusetts Ne Avenue NE, Washington image

326 Massachusetts Ne Avenue NE, Washington $1,695,000

**Prime retail/office location steps from Senate, Union Station and Stanton Park! ** Perfect for lobbyist, association or general office/retail use. Permissive zoning MU-...

DCDC471264 MLS

5512 C Se Street SE, Washington $390,500

Cute and cozy! This 2BR/1.5BA semi-detached brick home shows well and offers hardwood flooring throughout, separate dining room, updated kitchen with SS appliances and gr...

2 Beds
2 Baths
DCDC472014 MLS

116 Yuma Se Street SE, Washington $299,900

Investor Special. Great renovation opportunity. Must use Cash, Hard Money, Equity Line. No Conventional, FHA, or VA loans can be accepted.

5 Beds
4 Baths
DCDC470728 MLS

3805 13th Ne Street NE, Washington image

3805 13th Ne Street NE, Washington $1,040,000

Beautiful 4 Story Detached Home, Move In Ready. Needs Your Minor Finishing Touches. Front Porch, Fenced Backyard, Two Washers and Dryers. Located 5 Mins Away From Langdon...

5 Beds
6 Baths
DCDC469748 MLS

116 Yuma Se Street SE, Washington $299,900

Investor Special. Great renovation opportunity. Must use Cash, Hard Money, Equity Line. No Conventional, FHA, or VA loans can be accepted.

DCDC469272 MLS

3824 1st Se Street SE, Washington $345,000 ▼

This property is an excellent opportunity for a developer or investor. The existing home, sold in as-is condition, includes four bedrooms, two bathrooms, 1360 square feet...