Bank Owned Real Estate in Baltimore

Baltimore bank charters require a certain amount of solvency be maintained in an effort not to weight a Baltimore banks liability too heavily in Baltimore. The loss-mitigation division of a Baltimore bank is motivated to move non-performing assets out of the Baltimore bank. During foreclosure if there are no buyers of the Baltimore real estate property the Baltimore property reverts to the Baltimore bank and is offered for sale through their REO division. Many Baltimore banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Baltimore real estate property can be conducted prior to purchase.

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