Rockville MD Short Sales
Many homes in Rockville are now valued below what the sellers owe on their mortgage, and people simply need to short sale their property to prevent foreclosure or bankruptcy. The process for buying a Rockville short sale can be complex and many realtors refuse to handle these types of offers.
I specialize in short sales and have been successfully closing these transactions all over Northern Virginia, Montgomery County, and Washington DC.
View listings of Rockville MD short sales or see below to learn more about short sales and how they work.
Rockville Short Sales
337 Search Results Found. Showing Results 1 - 5.
170 Rollins Avenue
MLS# MC7190375
Description:
Great Office building located in Rockville, in great shape, with 23 private parking spaces. Min from I-270 and Rockville Pike.
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MLS# MC7202028
Description:
This property consists of two recorded lots with two different tax ID numbers. There is a total of 27,627 sq. ft. of land. Building can be used for multiple purposes and is zoned light industrial. Great Rockville location. Close to Twinbrook Metro and Rockville Pike. Please refer to tax ID number 160400050117 as well.
5 Bullard Circle
MLS# MC7267390
Description:
This is the Model Home for the Chestnut Lodge,a new community comprised of 36 Victorian-Style Homes by Chase Communities in Historic Rockville. Minutes from downtown Rockville, the Metro, and I-270, this home has all the upgrades including a Loft w/a bd/ba suite, Theatre Rm, Wine Cellar, Master bedroom w/sitting rm and a Spa Bath, & more! Other models available starting at $998,000.
13801 Travilah Road
MLS# MC7255371
Description:
Asolute gorgs custom home,all brick,3 yrs youn. 10'ceil main, 9' thruout. 4 Ivls,7 BRs,6 FBs 1HB. Gleaming hardwd,crwn mlding, chr rail thruout. Gormet kit, granite cnters, Italian tile, sub-0 frig. Master suite w/sitting rm, drsing rm, Jacuzzi tub. Huge recreation rm, levl walkout, big screen thrater, wet bar, CATV, music system, list on & on Wootton HS
11110 Marcliff Road
MLS# MC7277677
Description:
gorgeous contemporary on a spectacular 47,000+ sq.ft. lot close in n. bethesda. magnificent open spaces - bring the outdoors in!! 3 car garage, total privacy fab. landscaping, 2 decks+patio, 10 zone hvac, chef's kitchen, 2 fp. loads of closets and storage, impressive master suite, bonus room and much more. BY APPOINTMENT ONLY! open sunday 1-4
Short Sale vs Foreclosure
Foreclosures
In a foreclosure, the bank repossesses the home or property due to failure to make mortgage payments, overdue taxes or outstanding liens. Banks are not in the business of owning houses and will often entertain other alternatives in order to avoid this last resort option.
Short Sales
A short sale occurs when a home sells for less than what is owed to the lender. In this situation, the bank and the homeowner, who is unable to make their payments, agree on a discounted loan balance in order to prevent a home foreclosure.
It's the best of a bad situation for all parties involved – except for the buyers. For buyers, a short sale translates into a smart investment; enabling them to purchase a home for sometimes 20% to 30% below market value.
Short Sales Simplified
A short sale is a complex and specialized type of real estate transaction. Even though a home is discounted, there are still opportunities for loss to the buyer in a poorly negotiated offer. These types of sales generally take longer and involve a considerable amount of preparation. It is for these reasons that many realtors refuse to handle them.
I specialize in short sales and have closed over 14 in the last year. Upon request, I can offer plenty of satisfied clients' testimonials. My learnings have resulted in the creation of a 150-page guide outlining exactly what the banks want in order to expedite the approval in a timely fashion.
I underwrite the files with a sophisticated software program to pre-approve the transaction, and from there, we submit the full file. If the information provided by the seller is accurate and we get it pre-approved, we have a 95% success rate. Our average completion time for a short sale is less than 90 days.
If you have any questions regarding short sales in Rockville, Montgomery County, or Washington DC and the surrounding area, please contact Justin Lee, Realtor, at 301-452-3687.