It’s a story that has been told time and time again in recent years in the world of Maryland real estate, and though the numbers are still high, there are some small signs of potential improvement. The numbers for foreclosure rates last month released by RealtyTrac (which tracks all 50 states’ foreclosure rates) showed that Maryland had the second highest foreclosure rate in the country, second only to Florida. In addition, Maryland’s biggest metropolitan area, Baltimore-Towson, “had the third highest foreclosure rate of the major metro areas behind Tampa-St. Petersburg and Miami-Fort Lauderdale in Florida,” according to the Baltimore Sun.
While Maryland is still in high water, much of the rest of the nation seems to have passed the foreclosure crisis, with the national foreclosure rate at its lowest level in more than 7 years. Foreclosure starts nationwide were at their lowest level in more than 8 years. In Maryland, foreclosure starts (the beginning of the foreclosure process) were up 15% year-over-year, but dropped 6% when compared to January, falling for the second month in a row.
While this may be a sign of good things to come, the fact remains that many Marylanders are facing foreclosure. There were 2,210 foreclosure starts in the state last month, and many of these homeowners are searching for a fast solution. If you’re facing foreclosure and want to sell your home fast in Maryland, Grays Home Solutions can help. Contact us today for more information.
Finding a buyer for your home doesn’t have to be a difficult process. Gray’s Home Solutions will buy your home quickly. We’re looking for properties of all types across the state of Maryland. Whether you’ve got a townhouse in Frederick, a rowhome in Baltimore, a rancher in Carroll County or a duplex in Rockville, we’d like to make you an offer. It doesn’t matter if your house is in pristine condition or if it has seen better days, we buy it all. Best of all, in addition to our speed, you pay no fees or commissions when we buy your home. Now there’s an offer that you can’t refuse.
Even if you’re not looking for a buyer, you can participate in our sellers referral program. Here’s how it works. Send us the phone number and property address for a For Sale By Owner or vacant property. We’ll take a look, and if we buy the property we’ll pay you $250 as a thank you for providing the lead.
Are you interested in learning more about selling your home fast? Our ebook has a ton of great information for you. We also have an ebook with information on how to avoid foreclosure, available for download here. They’re both free, so give them a look. You can also connect with Grays Home Solutions on Facebook, Twitter, Google+, and LinkedIn for more real estate made simple.
Source
http://articles.baltimoresun.com/2014-03-13/business/bal-maryland-posts-second-highest-foreclosure-rate-in-nation-20140312_1_foreclosure-rate-realtytrac-foreclosure-starts