Prince George's County has the most, followed by Fairfax and Prince William counties, although Daren Blomquist of RealtyTrac said part of the reason is that these counties are large and highly populated. Montgomery County and Fauquier County rounded out the area's top five.
Source: RealtyTrac
| By the numbers |
| » Number of D.C.-area homes with a foreclosure filing in February 2011: 1,213 |
| » Number of D.C.-area homes with a foreclosure filing in February 2010: 3,851 |
| » Number of D.C.-area foreclosure sales in fourth quarter 2010: 2,155 |
In Prince George's, one in every 742 listed properties is a foreclosure, while the rate is one in 548 in Prince William and one in 540 in Fairfax.
"Many of these areas during the real estate boom had a lot of selling going on," Blomquist said. "Those transactions that occurred during the boom are generally where the most foreclosures are."
The promise of getting a residence at a rock-bottom price does not always pan out, however, as many area foreclosures are being snatched up by investors and buyers who can pay cash.
Read more at the Washington Examiner: http://washingtonexaminer.com/local/real-estate-news/2011/03/investors-cash-buyers-snap-area-foreclosures#ixzz1I5cne6cI
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