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FORECLOSURES IN STAFFORD COUNTY, VIRGINIA LISTED FOR SALE

By
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

ABOUT 27 DETACHED SINGLE FAMILY HOMES THAT HAVE BEEN FORECLOSED,
ARE BANK OWNED AND ARE LISTED FOR SALE.

Market report for properties that have been through the foreclosure process and are bank owned.  The report below reflects existing detached single family homes in Stafford County available for sale.  Non-contingent sales are the only offers accepted and all homes are sold "as is".  Buyers may have a home inspection for their own information and banks may negotiate the price based on condition. 

There are about 1023 detached single family homes listed for sale in Stafford County.  Of this number, about 27 are bank owned properties that have been foreclosed and now offered for sale.  They are listed for sale in the MLS along with all other resale properties and new home listings.  Bank owned properties will be included in any tour of homes prepared by Homefinders agents.

Foreclosed properties are located throughout Stafford County real estate.
12 properties are in Fredericksburg.
1 property is in Falmouth.
14 properties are in Stafford.

ZIP CODES FOR FORECLOSURES
9 properties are in Zip Code 22554.
6 properties are in Zip Code 22556.
9 properties are in Zip Code 22406.
4 properties are in Zip Code 22405.

FORECLOSURES ARE ALL AGES
4 properties were built between 1966 and 1988.
8 properties were built between 1990 and 1999.
15 properties were built between 2000 and 2007.

PRICES OF THE FORECLOSED HOMES
5 properties are priced between $200,000 and $300,000.
15 properties are priced between $300,000 and $400,000.
4 properties are priced between $400,000 and $500,000.
2 properties are priced between $500,000 and 4600,000.
1 property is priced at $750,000.

AVERAGE PRICE RANGE FOR FORECLOSURES IN STAFFORD
The minimum price for foreclosures in Stafford is $205,000.
The high price for foreclosures in Stafford is $750,000.
The average price for foreclosures in Stafford is $375,574.

LOT SIZES FOR FORECLOSURE IN STAFFORD COUNTY
The smallest lot size for foreclosed properties in Stafford is 5,000 square feet.
The largest lot size for a foreclosed property in Stafford is about 4.6 acres.
The average lot size for foreclosed properties in Stafford is about 2/3 acre. 

EXAMPLES OF FORECLOSED HOMES IN STAFFORD COUNTY, VIRGINIA

Foreclosure Stafford County  foreclosure stafford county vA  STAFFORD COUNTY FORECLOSURE

Stafford County foreclosures in the price range of $275,000, $375.000 and $500,000.

Map Stafford County Va  Map Stafford County, Virginia

Homefinders.com, Lenn Halrey 800-711-7988.

Search Active Listings Stafford County homes for sale.

Foreclosure in Stafford updates.

Courtesy:  Homefinders.com

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Comments(4)

Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Lenn- Did they price them at market value or are they discounting the prices..
Sep 19, 2007 12:11 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Kaye.

They are usually priced at market but usually discounted for condition.  Usually, but not always.  Some have been on the market for quite some time and they are negotiable. 

The agent remarks always say "as it", but we can usually negotate for condition.

I have no interest in selling homes that are pre-foreclosre or up for auction.  But, we've always sold bank foreclosures and have gotten some reasonable deals for our buyers.

I thought with all the "noise" about foreclosures these days, we might as well take a shot at it.  I talked with my broker partners yesterday and they said "go for it".

 

Sep 19, 2007 12:27 PM
Mary Pope-Handy
Christie's International Real Estate Sereno - Los Gatos, CA
CRS, CIPS, ABR, SRES, Silicon Valley
Wow. Is that a high percentage of your marketplace there?

Foreclosures are such varied deals. Like you, I'm not crazy about persuing pre-forclosures or up for a court-approved bid (too long, plus in CA the seller has a very long "right of redemption"). Short sales are bad enough!

Sep 19, 2007 05:07 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Mary.  There are about 1023 resale homes listed for sale in Stafford County this a.m.  I searched for homes constructed 2006 or earlier to exclude as many builders' listings as possible. 

I included "bank owned" properties only.  The listings for "short sales" are just folks that are behind in their payments.  We aren't interested in short sales or the so called "auction" sales.  The short sales offers are not managed well by the listing agents around here and the so called "auctions" listed in the MLS are just a major broker using it as a sales technique.  There is always a reserve at market price. 

Real foreclosure auctions aren't advertised in our MLS.  They're in the local newspapers.  We're not interested in them either because the buyers are rarely prepared and they are usually bid in by the bank at what the bank is owed.  Then the bank gets title recorded and lists them for sale.  THAT's when we'll sell them. 

Sep 19, 2007 11:14 PM