Скачать или смотреть Southern Maryland's Distressed Properties Market is CHANGING Fast!

A distressed property is a home that's in a difficult financial situation. Here's a breakdown:  

On the Brink of Foreclosure: The homeowner is struggling to make mortgage payments and is at risk of losing the property.  
Bank-Owned: The bank has already taken possession of the property through foreclosure. These are often called "REO" properties (Real Estate Owned by Bank).  
In Need of Significant Repair: The property may have fallen into disrepair due to neglect or damage, making it less valuable.  
Why are Distressed Properties Attractive?

Potential for Lower Prices: They often sell at a discount compared to market value.  
Investment Opportunities: Investors may purchase distressed properties, renovate them, and then sell them for a profit.  
Important Considerations:

Potential for Hidden Problems: Distressed properties may have undisclosed issues like structural damage, mold, or code violations.

Legal and Financial Complexity: Dealing with distressed properties can involve complex legal and financial processes.

Kelly J Vaughn
Your Trusted Realtor For Maryland & Virginia
Samson Properties
240-355-9529 cell
240-493-8098 office
https://linktr.ee/Kellyjv