My best advice is to hire an agent who is knowledgable in this market and have them send you info on homes that have fallen into the foreclosure or short sale arena.
Also know that you can purchase homes at great prices from sellers who are not in financial trouble as well. Foreclosures are not the end all in good home puchases today.
Feel free to contact me if you would like to get more information on the MD or DE market.
I look forward to helping in any way that I can.
Check out me website http://www.michelepompa.com You will find all short sales and foreclosures in Ocean City.
Click on the links on the top of the page. One is for condos and one for single family. Call me for any additional information that you need. The links are updated everyday.
There are foreclosure and short sale properties available in Ocean City. Here are two separate links. A foreclosure or REO property has been taken back the bank and the bank is the seller.
In a short sale, the owner has a mortgage on the property, but the mortgage amount is greater then the market value of the property. The owner has asked their lender to allow them to sell the property "short".
Either situation may be very good values allowing a buyer to purchase 30 -50% below market value.
http://www.flexmls.com/link.html?repvqvzy5zc,11,1 (Foreclosure List)
http://www.flexmls.com/link.html?repvqym6css,11,1 (Short Sale List)
I hope that you find this helpful
Ocean City, Md. 21842
Thank you for your interest in Ocean City, MD. I'm licensed in both Delaware and Maryland and am very familiar with the Ocean City market. I took a guess that you are interested in condos in Ocean City, so I have done a search on the island for condos on the oceanfront, ocean view, ocean block, bayside interior and bayside on the water and came up with 24 foreclosured properties on the market. Click the link below:
What is not included in the link are short sale opportunities, which can be substantially harder to settle, taking more time, but there are multiple short sale properties as well from which to choose.
If there is a particular type of property which is of interest (minimum number of bedrooms, baths and/or a particular location in the area, etc.), please let me know and I can zero in on possibilities for you. A price range with which you're comfortable would also be a big help in fidning a suitable property for you. Please feel free to contact me at firstname.lastname@example.org or by phone, 410-977-2519 cell.
Thanks very much for your inquiry!
Linda Quasney-ResortQuest Real Estate
8008 Coastal Hwy., Ocean City, MD 21842
contact any realtor and ask them to set you you on an auto email. Everyday it will email you a list bank owned properties that are currently active. It changes daily so always good to review and move quickly on anything that interest you.
However, there are plenty more foreclosures. If you can provide your e-mail (publicly or privately) I can e-mail you a larger list.