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HomeForumsReal Estate News & Current EventsWhy so many foreclosures in Gaithersburg/Germantown/Rockville?
Aaron A.'s profile image
Aaron A.'s profile image
Aaron A.
  • from Long Island City, New York
  • Member since Jan 15, 2014
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Aaron A.'s profile image
Aaron A.'s profile image
Aaron A.
  • from Long Island City, New York
  • Member since Jan 15, 2014
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Aaron A.
  • Long Island City, NY
2
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19
Posts
Real Estate News & Current Events

Why so many foreclosures in Gaithersburg/Germantown/Rockville?

Aaron A.
  • Long Island City, NY
Posted Jan 16 2014, 08:07

I am interested in investing in the Montgomery County area and have noticed many condos that were selling for $200k 5-10 years ago are now either in foreclosure or selling for well below that - maybe around $95k. Does anyone have any insight into the reasoning for this? This seems to be a bigger dip than most other markets experienced.

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