Crofton MD Short Sales

Homes/Town Homes/Condos for Sale

What is a Short Sale?

The DavisResnick Group specialiszes in Crofton MD Short Sale Homes.  A Short Sale occurs when you sell your property, but the proceeds from the sale will be insufficient to pay off the loan or loans secured by your property (Mortgages, Deeds of Trust, Home Equity Lines, etc.)

In the event you can and do pay the difference at closing between what is owed and what you receive in the sale, the sale will be like any other sale between Buyer and Seller.

However, if you are unable to provide the cash necessary to cover the shortfall, you will need to obtain approval from your lender(s) to complete the sale, since they will be taking a loss, and a Hardship must be demonstrated to obtain that approval.

Our company, The DavisResnick Group, LLC., rate for closing short sales is approximately 90% vs. industry averages for real estate agents which are cited as low as 20%.

 

In July 2007 Crofton MD was named as one of "100 Best Places to Live" in the United States. It was selected for its relative anonymity while still boasting many major amenities, excellent schools, and sought after location. Community life revolves around Crofton Parkway, a scenic loop 3.5 miles long, touching the larger "triangle" made up of three nearby roads, which encloses the original Crofton community. Crofton Parkway is the scene of yearly parades, two of the community's five elementary schools, the Town Hall, Village Green, community events, Crofton Country Club, and walkers, joggers and bikers around the loop. The Crofton area now extends North from the triangle, including Crofton Park. Crofton also has a community pool, the Crofton Swim and Tennis Club [CSTC] but is restricted to those inhabitants of the triangle.
There are numerous town homes, condos and single family homes in Crofton.  Some of these neighborhoods are as follows:
  • Bancroft Meadowcroft provides 2 and 3 bedroom townhomes in the $160,000 to $240,000 range and amenities include tennis courts and playground.
  • Chapman Farm provides 4 and 5 Bedroom homes in the $450,000 to $550,000. Community Amenities include: Club House, Common Grounds, Community Center, Jog/walk Path, Tennis Courts, and Playground.