Homes that have been through foreclosure are always a topic of conversation among home buyers and investors.
When folks want information about buying foreclosures, bank owned homes (REO's) are generally what they are talking about.
The number of Bank Owned homes (property that has already been foreclosed on and now offered to the public through real estate agents) has remained gentlly falling for the past year in the Northern Virginia metro area, and sits at a much LOWER level than in past years.
Fortunately for mortgage stressed home owners, real estate prices have risen in the past 5 years so that many can sell their homes normally rather than face foreclosure or short sale.
Although RIS Media reports the lowest Quarterly Foreclosure activity in 8 years, you can stilll find property in Norhtern Virginia that has been through the process
For example, in March 2009, 181 bank owned homes sold in Prince William county in that month. As of today April 16,2015, there are a total of 34 bank owned homes for sale in Prince William county...a monumental change.
Below are those foreclosed homes currently on the market in three local counties.
These reports below expire within 30 days so keep checking back or drop us an email for an exact up to the day list of available foreclosures.
These reports expire in 30 days so please check back regularly for updates.
The Number of foreclosed properties is almost non exisitant compared to the hundreds in each county 5 years ago.
Prince William County: 34 Bank Owned homes are on the market as of April 16, 2015. Here is a link to this report: Prince William Foreclosures
Loudoun County: 35 Bank Owned homes are on the market in Loudoun County as of today: Loudoun Foreclosures.
Fairfax County: 33 Bank Owned homes are on the market in Fairfax County as of today.
We have helped many buyers acquire these homes over the years and we also work with investors.
If you have any questions, please drop us an email.
****If you are interested in the process of the foreclosure auction itself, you can read a bit here: On the Courthouse steps****
--------------------------------------------------------------------------------------------------------------------------------------------
With the some of the nation's highest median family income counties, outstanding schools and a hot job market driving it all, you should move to Fairfax, Loudoun or Prince William counties.
Here is a photo tour of home styles and countryside that you can expect to find in Northern Virginia:
http://video214.com/play/ngb0RJKin5pR3jr2CUotnw/s/dark
Comments(0)