Maryland (DC Metro) Investor w/ Foreclosure Question

[Greg S.]

Hello and Happy New Year to all! 

Not a new investor, but I'm new to investing in the Maryland/ Washington DC metro areas. Coming from a high foreclosure area - Atlanta, GA, I was shocked to learn that Maryland leads the country in foreclosures. Would love to learn from other investors on this forum what they attribute this to. Would also welcome any input about the investing climate in the Prince George's, Howard County, Baltimore metro and Washington, DC metro areas. Before the crash, everything I touched turned to gold, so can't wait to dive into the investing pool again. 

[Russell Brazil]

Maryland current foreclosure problem is merely because the state legislature slowed down the foreclosure process. Back in 2010/2011 foreclosures dropped from from 5,000 a month to less than 2,000 due to this. So the foreclosures that should have already happened 5 years ago are just coming to fruition now.  The same is likely to happen in DC at some point when banks start processing their foreclosures there. The amount of zombie foreclosures in the District is dumbfounding. 

The DC Metro area has a great investing climate. Some areas are going to be primed for flipping while others are great cash flow rentals, while others are appreciation rentals.