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Reply to "Maryland foreclosures spike 275%, highest foreclosures rate in the country"
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[quote=REALTOR4U]Most likely, the increase in REO properties will have little effect in most areas of the County due to the very low level of inventory. As of today, there are only about 80 active foreclosures on the market in MoCo. Additionally, it could take the lenders up to two+ years to actually foreclose. They are also actively requesting owners of occupied homes to consider a loan modification or to do a short sale when possible.[/quote]
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