Foreclosure Response Team Coming to DC Area
The Fort Lauderdale-based Foreclosure Response Team is bringing its services to the DC area, the Washington Business Journal reports. The goal of the team, which currently has offices in Florida, Michigan and Georgia, is to help speed up the sale of residential and commercial properties facing foreclosure.
Started in May 2008, the team signs on affiliates in different parts of the U.S. to help with short sale transactions. Marc Cormier, an agent with McLean’s Re/Max Allegiance, will be in charge of the DC-area operations, and expects to have 300 to 500 agents join the team by the end of 2009.
From the WBJ:
“The Foreclosure Response Team’s expansion into the Washington D.C. region is part of the company’s aggressive plan to provide prime markets across the country with the professional resources necessary to help to homeowners avoid foreclosure through a Short Sale,” said Scott Coloney, president of the team.
After dropping off in May, foreclosures spiked in the DC area in June, but remained below where they were a year ago.
This article originally published at https://dc.urbanturf.com/articles/blog/foreclosure_response_team_coming_to_dc_area/1159.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »
Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »
Plans for the development at a prominent DC intersection began nearly eight years ago... read »
The eight-bedroom, 35,000 square-foot home in McLean originally hit the market in 202... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro