Newest Update

Short sale house in 18269 Metz Dr., Germantown, MD 20874 is going into settlement in February.

 

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.

A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower; however both will often result in a negative credit report against the property owner.
 

1 investor:  

Price range: $160K to $180K

Transfer type: Cash

Bedroom: 3

Full Bathroom: 2

Half Bathroom: 0-1

Parking: 1-2

House type: Townhouse

Preferred Area: Germantown

 

3 Home-buyers:

1st:

Price range: $160K

Transfer type: Cash

Bedroom: 3

Full Bathroom: 2

Half Bathroom: 0-1

Parking: 1

Basement: Yes

House type: Townhouse

Preferred Area: Germantown

 

2nd:

Price range: $300K-350K

Transfer type: Mortgage

Bedroom: 4

Full Bathroom: 2

Half Bathroom: 0-1

Garage Parking: 1-2

Basement: Walk out or half way

House type: Single House (Detached house)

Preferred Area: Germantown, Clarksburg, Damascus

 

3rd:

Price range: $350K-450K

Transfer type: Mortgage

Bedroom: 3-4

Full Bathroom: 2-3

Half Bathroom: 0-1

Garage Parking: 1-2

Basement: Walk out or half way

Back yard: Yes

Square Feet: 3K(may not available)

House type: Single House (Detached house)

Preferred Area: Quince Orchard High School

 

1 Tenant

Price range: $800-$1000

Bedroom: 1

Full Bathroom: 1

Parking: 1

House type: Condo

Preferred Area: Gaithersburg