3 Beds   2 Baths   1,376 Sq. Ft.   Single-Family

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Damascus Rd,
Gaithersburg, MD 20882

Status: Inactive
Listing ID: 55675383

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,376
  • Year Built: 1965
  • Comments: Short Sale Auction - Incredible Investor opportunity! Auction.com sells Short Sale properties like this one to make the process easier for homebuyers and lenders. This home is being sold online at Auction.com with a bidding end date of 10-01-2020. Buy it as an investment or enjoy it as your own home. Visit Auction.com to view additional photos, sales comps, rental data, title info, neighborhood reports and more. You can also view financing details or schedule a tour, if available. You can also view financing details or schedule a viewing. All properties and sale details can be found with a simple search at Auction.com. Create a free account to find similar properties, save your favorites and receive email alerts of upcoming auctions. To view the complete details of this property, click the
  • Days On Site: 77
  • Subdivision: LAYTONSVILLE OUTSIDE
  • Property Type: Single Family Dwelling
  •  

Public Records

  • Baths: 2
  • Full Baths: 2
  • No. of Stories: 1 STRY W/BSMT
  • Basement Sqft: 900
  • Air Conditioning: SPLIT SYSTEM
  • Fireplaces: 1 STORY FRAME
  • Exterior Wall Type: BRICK
  • Heating Type: HOT AIR
  • Roof Material: COMPOSITION SHINGLE
  • Land Area Sqft: 43,560
  • Year Built: 1965
  • APN: GW52-0000-P263-0000-0000
  • Property Type: Single Family Residence
  • Township: 01
  • Living Sqft: 2,276
  • Style: CONVENTIONAL
  • Sewer Type: PRIVATE
  • Subdivision: LAYTONSVILLE OUTSIDE

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

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Address: Damascus Rd Gaithersburg MD 20882

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Auction Information

  • Minimum Bid: $175,000
  • Auction Date: 10-02-2020

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Listing History

Start Date End Date Listing Type Bank Name
01/15/20 10/03/20 Short Sale


First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Gaithersburg, MD
Home Inspectors

Reliable Home Services, Inc.
David I. Goldberg
301-913-9213
HomeWright Inspections, LLC
George MacLean
301-482-1138
foreclosure.com

Damascus Rd
Gaithersburg, MD 20882

3 Beds   2 Baths   1,376 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 55675383

Property Information

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Property Description

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Listing URL

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