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Foreclosures for sale in Loudoun County VA - Short Sales for sale in Loudoun County VA - New listings coming soon!!

By Lenn Harley

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

April 22, 2012 07:21 AM

Foreclosures for sale in Loudoun County VA - Short Sales for sale in Loudoun County VA - New listings coming soon!!

INVENTORY IS COMING! However, it's probably not what many buyers are seeking.

Those rumored foreclosures are about to be released.

Megaphone

I've read several posts this week by agents across the country about. . . . .

"We need inventory".

"There's nothing left to see".

NOT TO WORRY. THERE IS A FIST-FULL OF FORECLOSURES COMING TO NON-JUDICIAL STATES VERY SOON.

The Robo/Mers matter is settled. The new foreclosure and short sale regs are coming in.

Foreclosures in judicial states will soon follow.
Short Sale pricess will be streamlined soon.

Prices??? HA! Who can see into the future? If I had to guess, I'd say further pressure downward on home prices.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Foreclosures for sale in Loudoun County VA - Short Sales for sale in Loudoun County VA - New listings coming soon!!

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Foreclosures for sale in Loudoun County VA - Short Sales for sale in Loudoun County VA - New listings coming soon!!

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Marte Cliff

Marte Cliff Copywriting - Priest River, ID

Your real estate writer

The existence of foreclosures in the market always seems to push prices down. Back when I was selling we didn't get many of them, but were always glad when they were sold and out of the way.

Apr 22, 2012 07:27 AM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Marte. Indeed. That's been the history. Things are different now. Foreclosures dominate some areas.

Apr 22, 2012 07:31 AM

Carol Zingone

Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL

Global Realtor in Jax Beach, FL - ABR, CRS, CIPS

Lenn, I'll be curious to see what happens in our area; currently we have our lowest inventory levels since December 2005 in some pockets....

Apr 22, 2012 07:38 AM

Jessica Holtzman

Keller Williams Realty, Inc. - Moorestown, NJ

Real Estate Agent in Southern New Jersey

Thanks for the great post on foreclosures. It is always nice to see what is going on in other markets!

Apr 22, 2012 07:47 AM

Carol. HA! Be careful what you ask for. It's coming.

Jessica. Nothing happening yet, but it will be.

Apr 22, 2012 07:50 AM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Lenn I have been hearing for a while now that the Market is going to be flooded with foreclosure. I don't doubt that they are there, but when they will hit is anyone's guess.

Apr 22, 2012 09:35 AM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Lenn

We are also hearing that there will be a release of foreclosures in Florida as well.

Good luck and success.

Apr 22, 2012 10:04 AM

Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Lenn - I am going to the county courthouse for foreclosures when there is something that my investors would like to bid on. If the bank does not ofer a steep discount, they usually take the property. Then we usually watch waiting for the property to hit the market.

And it happens like a clock. Banks do not hold the inventory. Every time the bank takes the property, it comes back on the market very soon.

With the inventory much lower thatn it used to be, and with the prices inching and level of activity being surprisingly high, I really do not know what to expect

Apr 22, 2012 04:30 PM

George. The banks have been sitting on "assets" which now, with the AGs Robo cases settled, will now release those "assets" to foreclosure proceedings, some fast (non-judicial states) and some more slowly, but they will flood the market.

Lou. You can count on it.

Jon. They come on the market quickly after the take-back. I expect to see a large number of filings very soon.

Apr 22, 2012 08:10 PM

Charles Stallions

Charles Stallions Real Estate Services - Pensacola, FL

850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Lenn, we have heard that here as well, over 2% of the listings were taken off the market back in November and had something to do with robo signing.

Apr 22, 2012 09:32 PM

Charles. Indeed. Watch for the new foreclosure DUMP. The banks are ready and it will, IMO, be a flood. They had to pull them back because of the AGs law suit. Now that that's settled. . . . . WATCH OUT.

Apr 22, 2012 10:24 PM

Foreclosures for sale in Loudoun County VA - Short Sales for sale in Loudoun County VA - New listings coming soon!!

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