Home | Newsletter | Advertise
loading...

Foreclosure Response Team Coming to DC Area

  • July 22nd 2009

by Mark Wellborn

✉️ Want to forward this article? Click here.

Foreclosure Response Team Coming to DC Area: Figure 1

The Fort Lauderdale-based Foreclosure Response Team is bringing its services to the DC area, the Washington Business Journal reports. The goal of the team, which currently has offices in Florida, Michigan and Georgia, is to help speed up the sale of residential and commercial properties facing foreclosure.

Started in May 2008, the team signs on affiliates in different parts of the U.S. to help with short sale transactions. Marc Cormier, an agent with McLean’s Re/Max Allegiance, will be in charge of the DC-area operations, and expects to have 300 to 500 agents join the team by the end of 2009.

From the WBJ:

“The Foreclosure Response Team’s expansion into the Washington D.C. region is part of the company’s aggressive plan to provide prime markets across the country with the professional resources necessary to help to homeowners avoid foreclosure through a Short Sale,” said Scott Coloney, president of the team.

After dropping off in May, foreclosures spiked in the DC area in June, but remained below where they were a year ago.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/foreclosure_response_team_coming_to_dc_area/1159.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse