I have real estate searches set up to find homes for sale in desirable areas, within a certain price range, meeting a certain style. Here are some things I've noticed:
- While PG county is off of my list because of taxes and poor school system, the number of "short sale" comments is absolutely amazing. I should say that it has been reported many times that PG county has the highest foreclosure rate in the state of Maryland.
- A lot of homes stating short sale have comments stating pre-approval is required by Countrywide.
- I've tried to get to see homes listed as short sale but the listing agents don't want to show it unless pre-approval is available.
- The short-sales are not necessarily good deals from what I can see.
- We are looking into buying property for rental investments but the market is glutted. The going rate for monthly rentals would make it hard to buy a decent home and make money on the rental. Right now, you couldn't even break even. That's very disappointing.
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