Tagged : Foreclosure RSS Feed

Here is the weekly list of the properties that I think are worth buying in Washington DC. 

1817 L St NE, Washington, DC 20002

List Price: $169,900

This is a foreclosure sale in the Trinidad area.  The property is close to H Street and Capitol Hill.  I think it is a good buy and hold property.  The investor activity has been really picking up in this area.  The property is also in decent good shape and has a big yard. 

4941 Blaine St NE, Washington, DC 20019

List Price: $100,000

Great short sale opportunity in the Deanwood area of NE DC.  Only 6 blocks away from the metro station.  Easy to take East Capitol St into DC.  This is a short sale.  Good flip. 

3008 12th St NE, Washington, DC 20017

List Price: $300,000

Offer Price: $225,000

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Washington DC Real Estate Market-Friday Hot Property Update

Here are the deals that I think are the best on the market right now.  Take a look.  If you want to see any of them please contact me.  Thanks for looking!  Ben

430 Buchanan St NW, Washington, DC 20011

Sales Price: $350,000

Renovated homes like this are selling for over $400K.  It is hard to find anything in Petworth under $400K right now.  Good buy. 

89 Underwood St NW, Washington, DC 20012

Price: $204,900

Foreclosed Bank of America home.  This is in Takoma Park.  Needs AC and some other work but this is a great price.  About 8 blocks from Takoma Park Metro(Red Line)

2901 16th St NW #103, Washington, DC 20009

Price: $249,000

This is an FDIC owned home.  Very…

Every Friday I will blog about the best deals that I think are available on the market.  Buyers need to understand that inventory is very low right now.  To get a good deal you must be patient and be willing to make a lot of offers with the hopes that one will stick.  A lot of the homes on the market right now are overpriced.  You need to be prepared to make a lot of lower then asking price offers and hope that the seller comes to his or her senses. 

Here are the hot properties that I think are worth looking into:

1306 FARRAGUT ST NW, WASHINGTON, DC 20011

Huge house.  Been on the market for 217 days.  Started at $680K.  Homes on this street in 16th Street Heights have huge lots.  

Current Price: $485,000

Offer Price: $425,000

Resale Price:…

A lot of investors and homebuyers ask me about buying a Washington DC foreclosure.  In this blog I will talk about the process a bank must go through to foreclose and where to search for them. 

First, you must understand that in Washington DC there are very few foreclosures on the market currently.  It has been over a year since banks have foreclosed on a property in Washington DC.  This is due to the robo signing issue(which was just resolved last week) and the mediation law that the DC council put in place in December 2011.  The mediation law forces banks to meet face to face with the borrower to prevent a Washington DC foreclosure.  In the second half of 2011 only 25 notices of default were issued by banks compared with over 1000 issued in 2010.  A…