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
Urban comfort awaits you! Nestled in Dupont Circle, this delightful and bright 1BR/1BA unit is considered the penthouse of the building. Located on the 5th floor, this un...
- 1 Beds
- 1 Baths
- DCDC2156386 MLS
- Rutland Court Cooperative Bldg.
Welcome to Petworth, Northwest D.C.'s hidden gem neighborhood with all the convenient and fun amenities a buyer could wish for. The Metro, restaurants, cafe's, shops, an...
- 3 Beds
- 3 Baths
- DCDC2151628 MLS
Charming Home with Expansive Living Space and Endless Potential! Discover the possibilities at 5529 7th Street NW, DC 20011—a spacious 1,296 square-foot home with charact...
- 5 Beds
- 3 Baths
- DCDC2155906 MLS
Price Reduced! This recently renovated Victorian offers an unparalleled blend of sophistication, convenience, and urban luxury. Main level is ready for immediate occupan...
- 5 Beds
- 5 Baths
- DCDC2155204 MLS
Sunny well maintained high floor condo in sought after 555 Mass Condominium. Includes secure garage parking! Upgraded hardwood style floors throughout. Balcony with skyli...
- 1 Beds
- 1 Baths
- DCDC2155098 MLS
- Old City 2 Bldg.
Investors - PRICE REDUCTION! Estate Sale of interior row house in Michigan Park. Has 1728 total square feet on three levels. Spacious lot with detached garage and alley a...
- 3 Beds
- 1 Baths
- DCDC2155084 MLS
Welcome to 1602 Isherwood Street NE #2 - an excellent value with 1 bedroom + 2 dens, perfectly located in the Capitol Hill/H Street corridor neighborhood. The front combi...
- 3 Beds
- 1 Baths
- DCDC2152398 MLS
- Romanian Condo Bldg.
Affordable 1 bed, 1.5 bath home with private balcony, offers the perfect opportunity for city living. Home is located in the well sought after Mount Vernon Square area, i...
- 1 Beds
- 2 Baths
- DCDC2154328 MLS
- Central Bldg.
Stunning SFH in Takoma! 4 levels of chic finishes as this home has been thought out and renovated from top to bottom. From the oversized porch out front, to the open conc...
- 4 Beds
- 4 Baths
- DCDC2154334 MLS
Charming Condo in Congress Heights! This delightful 2-bedroom, 1-bath unit features a spacious and open floorplan, providing ample opportunity to update and personalize t...
- 2 Beds
- 1 Baths
- DCDC2153880 MLS
- Congress Heights Bldg.
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