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Maryland Foreclosures Rising So Far In 2014

Posted by Chris Cooke on Wednesday, October 15th, 2014 at 1:45pm.

Maryland Foreclosures Up 20% in 2014

Maryland foreclosures are up 20% in 2014 and Baltimore foreclosures are up 6% from one year ago according to statistics compiled by RealtyTrac. Approximately 1 in every 17 housing units in Baltimore had a foreclosure filing. Maryland is now ranked 3rd in the United States for foreclosures, falling from 2nd in 2013.

Maryland has consistently topped the list for foreclosures because of litigation the state participated in during the housing crisis. The litigation required banks to restart the foreclosure process on many homes long abandoned by owners who had stopped making payments. Maryland Housing Secretary Raymond A. Skinner, who retired at the end of August, made a statement in July noting that Maryland delinquency rates have dropped even though foreclosures have soared.

Baltimore Foreclosure Experts

The Chris Cooke Team has a number of seasoned agents who specialize in foreclosure properties in Baltimore. We have negotiated hundreds of Baltimore foreclosure purchases. In addition to representing Buyers, we also list many Baltimore foreclosures, HUD homes, Fannie Mae foreclosures, and Freddie Mac foreclosures. We have the inside track on Baltimore bank foreclosures and know how to negotiate with the banks. Many of our agents are also seasoned Investors and can quickly and accurately assess deals and assess property condition.

If you are interested in purchasing a foreclosure in Baltimore, please call us at 410 814.2408.

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