This house is in foreclosure, correct? When is the auction date? Terms?

Asked by Marshall, Rockville, MD Tue Mar 3, 2009

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This question is about this property: http://www.trulia.com/homes/Maryland/North_Potomac/sold/1716…

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Bruce Lemieux, Agent, Gaithersburg, MD
Wed Mar 4, 2009
Marshall - according to this auction site, this home is scheduled to go to foreclosure on March 18th - http://www.hwestauctions.com/index.asp The 1st trust balance is $629,300. This is one of the bigger models in Quince Haven with nearly 3,100 sq feet of living space on the main two levels.

You should do a drive-by on this home. I'm pretty sure it backs directly to the high-tension powerlines that go past this neighborhood. We sold one of these in the cul-de-sac last year. Even at a great price, a home's proximity to powerlines, main roads, etc really reduces a home's desirability in a soft market. Here's a very nice home (short sale) very close to 5 Seurat Ct that's under the same powerline - http://matrix.mris.com/Matrix/Public/Email.aspx?ID=29365684864

There are a lot of risks for a buyer at a foreclosure auction -- you really need to know what you are doing. You can greatly reduce your risks by buying a pre-foreclosure (short sale) or bank-owned property. Here's the basics - http://mocorealestate.com/foreclosures/

Good luck.
Web Reference:  http://mocorealestate.com/
0 votes
voices member, , 21117
Tue Mar 3, 2009
Marshall,

I don't see this home listed in the Multiple List System. If you would like to find foreclosed homes, you may go to the website link below. FYI, it is for all counties, not just Carroll. If I can help, please email me at LDevnew@cbmove.com

Lisa Devnew
Coldwell Banker
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