Foreclosure Listings in Washington, DC
Buy real estate at below market value with Washington, DC foreclosuresWashington, DC foreclosure listings are your link to residential and commercial properties that are being sold below market value. Studies show that foreclosure properties in Washington, DC and the rest of the nation sell for an average of 22 percent less than ordinary home sales. Whether you’re seeking a townhouse in Foggy Bottom, a commercial property on Capitol Hill or an investment property that you can turn around and sell for profit, you have several options for finding foreclosure property listings in Washington, DC.
Foreclosure properties in Washington, DC are the end result when homeowners or business owners miss their mortgage payments and ultimately default on their loans. Washington, DC foreclosure properties, also called Washington, DC distressed properties, present a potentially lucrative opportunity for investors.
A Washington, DC foreclosure property may be sold at one of three stages in the foreclosure process:
- Stage 1 — Pre-foreclosure: Homeowners are considered to be in pre-foreclosure when they have missed at least one mortgage payment. Pre-foreclosure properties in Washington, DC often sell at 20-40 percent below market value.
- Stage 2 — Foreclosure auction: Lenders sell Washington, DC foreclosures at auction to the highest bidders. Buying at auction can result in savings of 35-50 percent off market value.
- Stage 3 — Real Estate Owned (REO): When the lending bank is the highest bidder at the auction or there are no bidders, properties become bank-owned foreclosures. In Washington, DC, buying property from the bank typically results in more modest savings.
Find foreclosure property listings in Washington, DC
Find pre-foreclosure listings in Washington, DCHomeowners in pre-foreclosure are often motivated to unload their homes at bargain prices as a way to avoid foreclosure. Using pre-foreclosure listings, you can find such homeowners.
Find listings for Washington, DC foreclosures at auctionForeclosure auctions are typically held at the county courthouse. Buyers interested in bidding on a Washington, DC foreclosure property must be present at the auction and usually must bring a deposit in the form of a cashier's check.
Find listings for government-owned and bank-owned foreclosures in Washington, DCEven though government-owned or bank-owned foreclosures in Washington, DC don't offer the same savings as pre-foreclosures or foreclosures sold at auction, they can still represent a significant savings over ordinary home sales.
Find listings for Washington, DC commercial foreclosure propertiesBusiness foreclosures in Washington, DC occur when business owners default on a commercial mortgage loan. In Washington, DC, commercial foreclosure properties typically include business properties, such as office buildings or retail spaces.
Find free foreclosure listingsFew providers of foreclosure listings in Washington, DC offer free foreclosure lists, however, you can find free trials or very low-cost trials.
Use online learning tools to get the most from Washington, DC foreclosure listingsMaster the art of investing in foreclosures by taking advantage of online tutorials, webinars and other educational resources offered by providers of Washington, DC foreclosure listings.
- Look for providers of foreclosure listings in Washington, DC that offer neighborhood reports and sale comparisons.
- Some providers of foreclosure listings in Washington, DC also offer loan and downpayment programs via their websites.
- Washington, DC commercial foreclosure properties offer some of the biggest savings off market value.
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