Welcome to the new and improved LoudounForeclosures.com! LoudounForeclosures.com is here to inform you of the latest statistics, data and resources on foreclosure/bank-owned (REO) and short-sale properties in Loudoun County, Virginia. It’s also here to provide you with information about the best deals in Loudoun County.
For information about the Loudoun County real estate market in general, please visit LoudounScene.com.
It’s been a great run for me at LoudounForeclosures.com and LoudounStats.com as a co-author over the months/years. But, as of today, I’ll be focusing my time here on LoudounForeclosures.com and LoudounScene.com (my new blog about the Loudoun County real estate scene and more).
Up until recently, some of the best deals in Loudoun County were being posted here on this blog. Many of you emailed or called asking for more information about the properties or to see them in person. Well, unfortunately, I can no longer continue posting those. Based on rules and regulations that govern all Realtors, posting about a property that is listed by another agent/broker is considered "advertising" and is not allowed.
But, there is a solution! You can receive my top picks of properties for sale in Loudoun County via email. If you request the information to be sent to you, then it’s no longer "advertising".
Here’s how you do it…
Insert your email address and first name into the form below and then click "Submit". A thank you page will pop-up stating that you will receive a confirmation email shortly. Just click on the link in the confirmation email and you will start receiving the best deals in Loudoun County immediately.
Please note…your email address, name or personal information will never be sold or provided to third parties. You will not receive any emails other than the best deals in Loudoun County. You will not be harrassed by sales emails or emails trying to solicit your business. It’s completely up to you if/when you wish to initiate contact with me.
Just ran across this post over at the LoCo Real Estate Musings blog which talks about how the Loudoun County Board of Supervisors will be considering a program to help county employees purchase foreclosed properties. This is similar to what Fairfax County recently proposed with their "Silver Lining Program".
Here’s an excerpt:
"Apparently Chairman Scott York is planning to propose a program to our Board at the June 3rd meeting that would help county employees get low interest loans to purchase foreclosed homes in the easternmost portion of Loudoun County. It’s early yet for specific details, but according to the article it looks like York wants the program to focus on the Sterling Park area, which has a high number of foreclosures."
To read the full post, click here.
The Washington Post ran a story on "luxury foreclosures" yesterday. It featured several local real estate agents, including Tony Arko and Danilo Bogdanovic. Check out the Post article here or the Loudoun Extra version here.
The percentage of total properties for sale in Loudoun County that are foreclosures/bank-owned or short-sales is holding steady around 25 percent. We’ve been seeing the percentage stay around 25 for most of this year.
Though we’d all like to see that percentage go down, it’s definitely good news that it’s not increasing. The fact that it’s not increasing is another sign that the worse is behind us.