Foreclosures in District Of Columbia: District Of Columbia Foreclosures by County, City, or Zip
Washington D.C. has thousands of foreclosure listings. The largest type of foreclosure in the DC area is the REO foreclosure, also known as real estate owned or bank owned homes. Hundreds of foreclosures are classified as REO's, but DC also has a variety of foreclosed homes classified as auction homes, pre-foreclosures, short sales, tax liens and HUD foreclosures. HUD homes are from the Department of Housing and Urban Development and can sell for extremely low prices, up to 50% off market value!
Another prominent type of foreclosure in Washington D.C. is the homes foreclosed by Fannie Mae and Freddie Mac. Fannie Mae stands for the Federal National Mortgage Association, while Freddie Mac stands for the Federal Home Loan Mortgage Corporation. Homes foreclosed by Fannie and Freddie are selling at huge discounts and in turn, they're selling quickly. From real estate investor to average home buyer, buying foreclosed homes can help anyone save money on their next home!
Known mainly for being the capital of the United States, Washington D.C., or more formally known as the District of Columbia, has a mixture of culture, artistry, food, religion and is overall one of the most diverse areas of our nation. The overall architecture of Washington D.C. buildings and homes varies greatly across the city and as you move towards city limits, the D.C. area develops a unique character as you see our country's extensive history living in the architecture. Over 400,000 people travel in to Washington D.C. from surrounding suburbs for work, but with our Washington D.C. foreclosure listings, why commute when you can live in the city?