See What Properties Are In Foreclosure For Free

If you’re curious about which properties in Loudoun County (or other parts of Northern VA) are in the foreclosure process, check out ForeclosurePoint. The site offers a database of about 1.2 million properties with foreclosure filings in 35 states including Virginia. Registered users (free) can check out street addresses and dates of foreclosure filings of properties in Loudoun County and the rest of the area as well.

If you’d like more detailed information, you can upgrade to a "Premium Membership" which runs $79.95 per month. That’s quite a chunk of change, but the upgrade provides all foreclosure details and access to their VeriTrack™ feature that monitors and updates changes to property status, auction schedules, and opening bids.

Though ForeclosurePoint offers information on properties going through the foreclosure process, it does not list properties that are now bank-owned and for sale. If you’d like to receive a list of bank-owned properties currently for sale, email or call me and I’ll get that over to you.

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.

Foreclosures, Bank-Owned Properties Make Up Almost Half of Sales In Loudoun

Buyers and investors in Loudoun County are buying up foreclosure/bank-owned and short-sale properties at a ferocious rate. Almost half (46 percent) of the properties currently under contract in Loudoun County are foreclosure/bank-owned and short-sale properties. In fact, 43 percent of the properties that have settled/closed since January 1st have been foreclosure/bank-owned or short-sale properties.

Here are the "under contract" numbers:

• 1018 - Total number of properties currently under contract in Loudoun County
• 476 - Number of dsitressed properties currently under contract

Here are the "settled"/"closed" numbers:

• 2063 - Total number of properties that have settled/closed in Loudoun County since January 1st
• 892 - Number of distressed properties that have settled/closed in Loudoun since January 1st

As you can see, foreclosure/bank-owned and short-sale properties make up almost half of the properties sold in Loudoun County this year. Buyers and investors in Loudoun County are buying up distressed properties at a very healthy rate. This has has been the case pretty much all year and is one reason why the ratio of distressed properties to total properties for sale in Loudoun County has remained steady all year.

Related Articles

Loudoun County Foreclosure/Bank-Owned and Short-Sale Property Sales Up 300 Percent

Loudoun County Foreclosure/Bank-Owned and Short-Sale Inventory and Buyer Demand Balance Each Other Out

The New LoudounForeclosures.com

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.

Announcement From Loudoun Foreclosures

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).

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