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Real Estate Distress Sales Described

You may have seen the blog I posted last week on my Maryland Real Estate Blog about 31 Detached Homes for Sale in Crofton.  If you did, you were probably unpleasantly surprised to learn that over 20% of detached homes on the market now in our community are distress sales.  I certainly was disappointed to see that.  No one likes to think about any of their neighbors possibly losing their home.

If that should happen, however, we certainly hope that a new owner will come along quickly.  Could that new owner be you or someone you know?  Perhaps this video will help you make sense of the terms used to describe “distress sales” in this market:

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My Davidsonville Real Estate Listings