Foreclosure filings continue to drop in most of the D.C. area

April 19, 4:44 PMNorthern Virginia Real Estate ExaminerBrett Widness

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You may have seen headlines that foreclosure filings in March surged 24 or 50 percent. But the Examiner has broken out the local data, which is far more encouraging. 

Foreclosure filings in Prince William dropped 40 percent year over year, and 10 percent in Loudoun County. This is great news for both counties, which have had a particularly tough go the past two years.

Somewhat suprisingly, filings were up slighty in Montgomery County, possibly due to rising unemployment in the area. The county's government has dedicated $2.5M to help homeowners facing foreclosures. One of the groups tapped to help homeowners is HomeFree-USA, which is mentioned in the story. At the same time, foreclosure rescue scams are on the rise, so be carefuly before you sign anything or give any one any money to help you "clean up your credit" or avoid foreclosure.

"HomeFree-USA, based in Hyattsville, is hosting “Foreclosure Intervention Day” on April 25 to help distressed homeowners. 'We helped 1,000 metro D.C. homeowners avoid foreclosure at the beginning of the year, and we are ready to do the same for 1,000 more people,' said Marcia Griffin, founder and president of HomeFree-USA."

For more information, go to HomeFreeUSA.org. 

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