As in every other state in the Union, Maryland has a number of homes going into foreclosure, and these foreclosures are available in list form online from many sources. Some real bargains are available to investors who have financing. These distressed properties provide options for people who are in good financial shape and shopping for Maryland properties.

In the last quarter of 2009 the rate of foreclosures in Maryland rose to 13.4 %., an increase of 67.4% from the previous year. This rate is the tenth highest in the nation. The problem is complicated by the fact that many of these mortgages were undertaken based on income from overtime and second jobs. This allowed people to qualify for mortgages that they could not maintain. Those sources of income dried up when the economy took a downturn and the rate of foreclosures picked up speed..

With banks now reviewing foreclosure documents more deliberately, the rate of foreclosure in Maryland has fallen lately. Even so, in October 2010 Maryland had more than 3000 foreclosures. The real estate outlook for Maryland is that another wave of foreclosure will be coming after the current moratorium has been lifted.

The fact that Maryland is so close to the nation's capital is one reason the over 9000 foreclosures on the books is a significant issue. For those people drawn to that area for government jobs, these foreclosure properties may be just the opportunity they need to get into more reasonably priced housing, as these houses and businesses come up at auction or the mortgage holders agree to accept short sale prices.

There are foreclosures happening all over the country. In Maryland the foreclosures offer opportunity
for those people who must be in the area because of jobs and careers. We are hoping for an improved economy in Maryland and elsewhere as well.

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