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Foreclosures decreased last year in the D.C. region despite rising foreclosure rates in the Maryland suburbs.
The number of foreclosures in Frederick County is still high -- 45 in September, according to RealtyTrac -- and one major problem, according to housing professionals, is that people wait too long to seek help.
Once again, there are fewer foreclosed homes being sold in the region but it's not a sign of a strengthening market in all areas.
The number of foreclosure starts in Maryland is exploding. Foreclosure starts are the first sign a foreclosure may be imminent. The numbers indicate there could be a lot of foreclosures on the market within the next two years.
In the fourth quarter, foreclosure sales made up about 12 percent of all Maryland home sales. Foreclosure sales made up nearly 19 percent of all sales in Virginia.
It likely comes as no surprise that the foreclosure process can be pretty lengthy. But in one part of the D.C. area, just how long it takes from start to finish is startling.
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