Federal Hill Waterfront Homes/Short Sales
Federal Hill is a neighborhood that over the past 20 years, row homes have been rehabbed and rented. It has become a popular rental area for the millennial generation. There are still a number of bargain properties available for investments.
The Davis-Resnick Group also specializes in Short Sales in the greater Washington, D.C. - Baltimore Suburban. We believe that unless, as an agent, you plan to focus on these, you are better off referring them to others for two reasons: 1) they do require specialized knowledge and training to be proficient with them, and 2) most real estate agents focus on marketing and selling real estate and don't want to spend their time on endless hold dealing with lenders.
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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%.
What is a Short Sale?
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.
DO YOU KNOW what condition the market is in? Check our web site regularly and you will!
Call or email us for a complete list of available properties in Federal Hill or in the Baltimore area. Also, you can fill out out contact form for any questions you may have regarding Short Sales.
