The latest figures from foreclosure experts www.Realtytrac.com suggest that we are in for the long haul when it comes to foreclosures in the State. Topping the list for the month of July (August figures haven't come out yet) is Prince Georges County with 1,126 properties with foreclosure filings. This number equates to 1 in every 282 households receiving a foreclosure filing for the month. Next on the list is Montgomery County, which posted 445 property filings. Rounding out the top five are Baltimore City, Baltimore County and Anne Arundel Counties, respectively.
Realtytrac states that "Maryland accounted for 1 percent of the 272,171 properties with foreclosure filings reported nationwide in July. The National total represents an increase of almost 8 percent from the previous month and is a 55 percent ahead of the total reported for July 2007. One in every 464 U.S. households received a foreclosure filing during the month."
With fifteen (15) years plus of experience in the Howard County Real Estate market, I have the knowledge and experience to successfully guide you through the purchase process!
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