THIS IS NOT AN ACTIVE DISTRESSED LISTING.
Overview
This Single-Family is located at Ritchie Hwy, Severna Park, MD 21146. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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This single-family property is available as a foreclosure at Ritchie Hwy. Based on our analysis of the current market conditions in Severna Park for Ritchie Hwy and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Ritchie Hwy are updated daily along with others in Severna Park, Maryland.
The property located at Ritchie Hwy in Severna Park, MD is listed as a Foreclosure
Properties like Ritchie Hwy in Severna Park, Maryland listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Severna Park, MD. The longer lenders own properties like this on Ritchie Hwy, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:
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