With one look at the local report for housing, we are seeing increases of short sales and foreclosures for single family homes in Germantown, Gaithersburg, Rockville, and even Potomac. These homes are actually in nice shape, but a divorce or job loss can wipe out anyone's ability to keep up with their mortgage and they seem to be coming in the higher price brackets.

This means that buyer's will have even more attractive properties to view; and anyone who has not owned a home in the past three years may still be eligible for the $8,000 tax credit if they can settle by 11/30/09.

This also means that seller's in these distressed situations need to act fast and get out in front of it with your mortgage company. If you are in MD, DC, or VA, the Dart Team can help. If you are elsewhere in the country, we can actually refer you to a licensed "distressed property" professional in your area.

The main problem we are seeing is that seller's delay and make it harder to fix the situation. If you have missed any payments on your home mortgage, or see that it may be coming, please click here to contact a professional today!!!