Loudoun County Top 10 Best Places To Buy Foreclosures

Forbes recently named the Washington, DC metro area including Loudoun County one of the top 10 best places to buy foreclosed homes. Part of the criteria was whether there were hints of stabilization, which is evident in the latest Loudoun County inventory/supply and buyer demand numbers.

"Our goal was to differentiate inexpensive foreclosure markets from those that are undervalued, as cheap foreclosures in flimsy markets don’t necessarily make strong investments."

Here’s are some of the figures Forbes came up with for the area:

• Median home price: $366,583
• Foreclosure savings: $56,858
• Foreclosure rate: 1.16%
• Price change 2006-2007: 0.77%

To check out how they came up with the rankings, click here.