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Best Deal in Potomac Lakes, Cascades
2007-10-27 14:57:32
Just came across this awesome deal in the Potomac Lakes /Cascades area of Sterling.  It is a 4 bedroom, 3.5 bath single family home on .22 acres.  It has over 3500 finished square feet on 3 levels.  It was built in 1994.  The assessed value is $569,400.  The last comparable sale in the neighborhood was a slighly smaller house on a slightly smaller lot and the list price was $535,000.   The price for this house is $475,000.  This will be sold in the next week. 
Read more: Best Deal

Lowest Priced 2-Car Townhouse in Broadlands, Brambleton
2007-10-26 13:28:22
This is a very good deal for a 2100 square foot townhouse in the Southern Walk section of Broadlands.  It was purchased brand new from the builder for $430,000 and delivered in January of 2005.  The current assessed value is $490,000.  A home on the same street with only a 1-car garage is currently listed at $409,900.                                                                                            Listed by Keller Williams, 2670 Crain Hwy Ste 300, WALDORF, MD  20601 


Lowest Priced Townhouse by $20,000!!!!
2007-10-25 08:50:16
We just listed this townhouse in Sugarland Run for Countrywide for $167,900.  The next closest priced home in the subdivision is listed for $187,000.  It has a 3 bedroom 1 full and 1 half bath.  It is in fair condition and will be professionally cleaned.  The assessed value is $269,700 which makes the current list price a 38% discount.  A similar unit on the same street that needed to be completely renovated recently sold for $175,000.  Although not perfect, this home requires little investment to make it rentable.  3 bedroom townhouses in Sugarland Run are getting $1300-$1400 per month in rent.  We will also be listing an end unit on the same street very shortly.  Let us know if you have any interest. Clipreal Listing of this Property


Single Family Home in Ashburn for $275,000
2007-10-22 16:46:03
Yes, you read that correctly.  There is a single family home on .22 acres in the Belmont Ridge section of Ashburn for sale at $275,000.  It was reduced from $375,000 and will be sold in the next couple of days.  There are currently 2 bedroom/2 bath condos for sale at a higher price.  This house is a split foyer with 3 bedrooms and 2 full baths.  It has a 2 car garage. Assessed Value = $463,000 Last Sale in Neighborhood = $419,900 (List Price)                                                                                                          Long and Foster - 500 Montgomery Ave, ALEXANDRIA, VA  22314
Read more: Family

Foreclosure - $100,000 Less than what the Bank Paid
2007-10-19 10:02:32
This single family house on a cul-de-sac in Sterling Park was foreclosed on by the bank in January for $336,000.  It is currently listed for $235,000.  The 2007 assessment was $335,000.  It has a 1/4 acre lot with a fenced yard, 3 bedrooms and 1 full bath.  There is almost 1000 square feet of living space.  It is in better shape than any other REO in this price range.                                                                                        Listing Agent: REO Real Estate 108 Powers Ct Ste 105, STERLING, VA  20166
Read more: Foreclosure

Foreclosure - $334,400 Below Assessed Value!!!!
2007-10-17 11:12:12
An unbelievable deal in River Creek Country Club is this interior unit townhouse.  It is banked owned (REO) and has been on the market for awhile but it is still the best deal for a mid-priced townhouse in all of Loudoun County.  It was assessed in 2007 at $859,300.  It is currently listed for sale at $524,900.  It will probably go under contract within a week. It has hardwood floors, granite countertops in a gourmet kitchen, patio, deck, fenced yard and 3 fireplaces.  There are 5 bedrooms, 4 full baths and 1 half bath.  Total finished square feet on 3 levels is 3779.                                                                                           &
Read more: Foreclosure , Below , Value

Welcome to The Loudoun Foreclosures Blog!
2007-10-11 15:13:42
The Loudoun Foreclosures blog was designed to bring you information about foreclosures, REO, short-sales, distressed properties and other great real estate deals in Loudoun County, Virginia. Loudoun Foreclosures is here to provide you with the basic information necessary to determine whether each property/opportunity is for you or not. Not every foreclosure property or "deal" is on here - only the properties with the highest return on investment will be featured. If you think something you see is worth looking further into, let us know and we will provide you with more information and greater details about the property. If you would like additional assistance or representation while pursuing these properties/opportunities, let us know as well - we are both experienced and knowledgeable top real estate agents in Eastern Loudoun County. Though this site will not be providing data, stats or resources regarding the general Loudoun County real estate market, you can visit our o
Read more: Welcome

If You Have To Think About It, You Will Lose Out
2007-11-03 14:52:32
If you are truly interested in purchasing a great foreclosure deal in Loudoun County (or anywhere for that matter), you have to be ready to jump at the opportunity. Immediately. If you have to think about it, you will lose out on every great deal out there. Guaranteed, you are not the only who thinks that the property is a phenomenal deal. Others who think so have already prepared themselves to jump at such an opportunity and have already submitted their offer while you are still thinking about it. Would you have to think about it if someone was offering 3rd row, 50 yard line tickets to the Redskins/Cowboys game for $50 total including club and parking passes? If you were a true Redskin or Cowboy fan, you wouldn't even blink before saying yes. Everyone knows that those tickets are worth 10 times that and will be gone within minutes.  You have to act immediately or you will lose the opportunity to get them. The same goes for investment opportunities. If you think we're exagera


Lowest Priced Single Family Home In Sterling - Short Sale
2007-11-03 13:28:52
This property just came on the market yesterday and is the lowest priced single family home in Sterling , Virginia at $199,900. It's a 4 bedroom, 2 full bath rambler on .23 acres. It has a new roof, new windows, new pergo floors and new carpet. The assessed value is $382,600. Comparable sales, including short-sales and foreclosures, range from $275K to the low $300Ks.Listed by Premium Realty 8321 Old Courthouse Rd Vienna, VA 22182 
Read more: Short , Family

Great Non-Foreclosure Deal In Loudoun County
2007-11-08 12:46:28
This 2 year old, 3 bedroom, 3.5 bath, 2366 square foot town home in Ashburn was recently reduced to $399,000. This is the same price as 2 others for sale and less than 1 other for sale that are all on the same street. The difference is that the other 3 properties are all short-sales or foreclosures and are being sold "as is" with no contingencies. This property is not a short-sale or foreclosure allowing for a Home Inspection and other contingencies and, more importantly, peace of mind. Considering that non-foreclosure comps are in the $415K to $425K+ range, this is an excellent opportunity for those looking for a primary residence. Listed by Long and Foster Real Estate, Inc - 46191 Westlake Dr #201 Sterling, VA 20165
Read more: Great , Foreclosure , County

Brick Front End Unit Townhouse with Granite for $322,900
2007-11-07 19:21:44
This end-unit townhouse in Rockhill subdivision of Sterling was just priced by Countrywide for $322,900.  It is priced $12,000 less than the next closest home.  It is in very good condition and very clean.  There are two master suites upstairs and 1 bedroom in the lower level.  The house has a little over 2000 finished square feet.  There is also a nice deck in the fenced back yard.  The assessed value for 2007 was $441,000.  The Rockhill subdivision is right on the border of Fairfax County.  Contact us to get the full listing information or more photos of the interior of the house.
Read more: Brick , Front , Granite

Short-Sale - Town House in Ashburn $42K Below Assessed Value
2007-11-07 10:23:15
This 3 level, 5 bedroom, 3.5 bath town home in Ashburn is listed for $280,000. It's assessed at $322,500. The property is just under 1500 square feet with a finished basement, hot tub and a deck. It backs to common area and is very close to ammenities. Short -sale. Listed by Realty Resource - 338 Elden St Herndon, VA 20170
Read more: House , Below , Value

Loudoun County Foreclosure, REO and Short-Sale Update
2007-11-06 11:17:06
Here are the latest figures regarding foreclosure/REO and short-sale properties in Loudoun County , particularly Sterling, Ashburn and Leesburg: Loudoun County 633 total foreclosures/REO and short-sales this represents 23 percent of total inventory Sterling 262 total foreclosures/REO and short-sales this represents 33 percent of total inventory Ashburn 115 total foreclosures/REO and short-sales this represents 21 percent of total inventory Leesburg 154 total foreclosures/REO and short-sales this represents 21 percent of total inventory
Read more: Foreclosure , Short , Update , Sale Update

Looking For A Complete List Of Foreclosures In Loudoun County?
2007-11-14 09:13:03
Yes, Loudoun Foreclosures is primarily focused on the best foreclosures/REOs, short-sale and other great deals in Loudoun County . But if you are looking for a complete list of such properties in Loudoun County and/or the surrounding areas such as Fairfax, Arlington or Prince William counties, contact us and we will provide that to you. We have access to all foreclosure/REO and short-sale properties currently available as well as an inside scoop on those that may not be on the market yet, but are coming soon. We also have the inside scoop on builder inventory both, "build from dirt" and "spec". This includes knowing about new homes/lots that have had deals fall through on them and will be back on the market as "specs" in the near future. If you are looking for stats, data or resources on the Loudoun County real estate market in general, check out Loudoun Stats. If there is any other information we can provide you, please let us know.


Handy-man Special - 43% Below Assessed Value!
2007-11-17 15:19:03
This bank-owned attached single family home (duplex style) in Sterling is priced at $199,900, which is $147,600 below it's assessed value of $347,500. Though it needs work, there is definitely a lot of room between the asking price and it's potential market value. Note: No photo available at the moment, but I will be uploading one soon. Listed by Re/Max Renaissance - 305 Harrison St SE #200 Leesburg, VA 20175
Read more: Handy , Special , Below , Value

Ridiculously Low Price - $282,900
2007-11-15 21:16:58
This is a great property in the Parkside at Dulles subdivision of Sterling right on the border of Sterling and Herndon.  It has 3 Bedrooms and 3 Full Baths.  It is only 3 years old and is in extremely good shape.  The assessed value of this property is $394,500.  There are several other units in the condominium subdivision but this unit is priced at least $6,000 below all the others.  This unit will be sold very quickly because of the condition and the price.


Maximize Your Profits By Catering To The Local Buyer Demographic
2007-11-27 11:40:41
When you buy a foreclosure or short-sale to "flip", you are doing so in order to make the most amount of profit. Therefore, you have to think as a real estate investor/business person. What do we mean by that? Rather than making changes/renovations to the property that you like, you have to make changes/renovations that the local buyer demographic will most likely want. Remember, you are "flipping" this house to sell it for a profit and that your target consumer is the local home buyer in that area. If prospective buyers see your house on-line or in person do not like what they see because it's not what a typical buyer in that area wants, they will feel that the property is worth less than comparable properties. They will most likely offer you less money than comparable properties or they may just buy another similar property. Either way, you lose money. For example, on a recent episode of "Flip This House", the person who bought the foreclosure an
Read more: Maximize , Catering , Local , Buyer

Best Foreclosure/REO Deal in All of Sterling!
2007-11-26 19:32:15
This end unit 3 Bedroom 2 Bath townhouse in the Sugarland Square subdivision of Sterling is priced at $195,000.  It was assessed at $359,600.  That puts the current list price at only 54% of last years assessed value.   There are hardwood floors in the kitchen and family rooms.  It has 3 finished levels and over 1500 square feet.  The backyard is fenced.  Please email us if you want more information or would like to see interior photos.
Read more: Foreclosure

Loaded Spec Home In Lansdowne For $30K Less Than Base Price
2007-12-06 17:04:42
There is a 2400+ square foot, 3 bedroom, 2.5 bath town home with a one car garage in Lansdowne that is available as a "spec" and ready for move-in this month. The town home has stainless steel appliances, upgraded maple cabinets, granite countertops, hardwoods in the kitchen and family room, upgraded carpet and pad, upgraded ceramic tile, fireplace and washer and dryer. The builder is asking $359,990. The base price for this model is $389,990, not including options. The builder is also offering 3 percent in closing cost assistance. This town home is an interior unit. If you are looking for an end unit, there are two others (same model) that are end units. One is $369,990 and the other is $379,990. The difference in price reflects them being end units and having more options/upgrades than the interior unit. I have worked extensively with this builder in the past and can negotiate the price down more and/or increase closing cost assistance. If you are interested in any one
Read more: Loaded

Loudoun County Foreclosure/REO and Short-Sale Numbers - November 2007
2007-12-04 14:20:58
In November , foreclosure/REO and short-sale properties comprised 40 percent of the total sales in Loudoun County . Loudoun County had a total of 285 properties sell (go under contract). Out of those 285 properties, 113 were foreclosure/REO or short-sale properties. Here's the breakdown for Eastern Loudoun County: City Total Sales REO/Short -Sales % of Total Ashburn 67 25 37% Sterling 77 39 51% Leesburg 69 23 33% South Riding 28 12 43% We're seeing the number of foreclosures in Loudoun County as a percentage of total sales steadily increase. This is the same for other areas of Northern Virginia and the Washington, DC metro area in general. Forecasts predict that this trend will continue into 2008. It's sure looking like that.
Read more: Foreclosure , Numbers

US vs Loudoun County Foreclosure Statistics
2007-12-14 06:25:00
Though LoudounForeclosure s.com is focused on foreclosures/REO in Loudoun County , Virginia, we'd like to show you how the rest of the country is doing so you can put the market conditions in Loudoun County into perspective. Here's the latest report from the foreclosure research company,  Foreclosures.com and how Loudoun County compares to the rest of the US (at bottom of post): Initial foreclosure filings rose 93 percent from January through November compared to the same period last year The number of homes that ended up as bank-owned properties rose 41 percent. An estimated 1.08 million homes, or 14.8 of every 1,000 households, entered the foreclosure process nationwide in the first 11 months of the year. And 526,936 households, or 6.6 homes out of every 1,000 households, reverted to lender ownership. An estimated 72,101 homes nationwide were repossessed by lenders in November alone, up 31.8 percent compared to October. Bank-owned properties are also known as real estate-owne
Read more: Statistics

Pre-Foreclosure Opportunity in Sterling
2007-12-13 11:29:15
This brick front townhouse in the very private Peace Plantation subdivision of Sterling is a pre-foreclosure that has already had the bank agree to a short sale.  The listing price is $285,000 and any buyer will have $40,000 to $50,000 in instantly equity.  It is ready to move in with only very minor cleaning needed.  It is just a couple of yards from the W&OD Trail and about a mile from the Claude Moore Regional Park and Rec Center.  It is conveniently located near Rt 28 and Cascades Parkway.
Read more: Foreclosure , Opportunity

Condo Foreclosure Opportunity in Ashburn
2007-12-12 22:40:47
This 2 bedroom 1 bath groundfloor unit in the Westmaren complex of Ashburn Farm is priced $15,000 below the price of 1 bedroom units in the same complex.  This REO property just came on the market today.  Another 2/1 unit in this complex is priced at $225,000.  The last 2/1 unit sold for $182,000 in November.  The assessed value is $219,000.  As is the case with most foreclosures, it does require some work to be done but at this price it should be sold in a very short period of time.  If you would like to know more about it or want to take a look at it, drop us a line.
Read more: Foreclosure , Opportunity , Condo

Loudoun County Foreclosure, REO and Short-Sale Update
2007-12-12 12:06:30
Here's an update on foreclosures/REO and short-sales in Eastern Loudoun County . This table shows the number of foreclosures/REO and short-sales that have sold (gone under contract) so far in December as a percentage of total sales. Solds-12/1/07 to 12/12/07 REO/Short -Sale Total Percentage Ashburn 5 16 31% Leesburg 2 14 14% South Riding 1 4 25% Sterling 22 38 58%
Read more: Foreclosure , Update , Sale Update

Bank Owned Town Home In Ashburn Village - $50K Below Assessed Value
2007-12-11 14:54:55
This foreclosure/REO property is listed for $299,900, which is $50K below it's assessed value. This property has a one-car garage, 3 bedrooms, 3.5 baths and over 2100 sq ft of finished space. It also has a deck and backs to common area. Listed by Arcadia Realty - 205 Whiting St S Ste 307 Alexandria, VA 22304
Read more: Village , Below , Value

Thank You and Happy Holidays!
2007-12-21 11:00:00
We wanted to say thank you to all of you for checking out Loudoun Foreclosures and we wish everyone a happy and safe holiday season and a happy new year!
Read more: Happy , Thank , Holidays

Countrywide Gets More Lax On Short-sale Negotiations
2007-12-21 10:36:49
Countrywide Mortgage, like most lenders and banks, used to require borrowers to miss at least one mortgage payment prior to trying to negotiate a short-sale. This didn't leave much time nor opportunity to negotiate a short-sale because the foreclosure process typically starts after a borrower has missed two payments. But that may be changing. According to a few people we've spoken with within Countrywide, they are starting to allow borrowers to try and negotiate a short-sale before they've missed their first payment. It seems that the cost of a foreclosure being higher than that of a negotiated short-sale has finally begun to make sense to Countrywide. Between the new bill that Congress just passed and Countrywide's new stance on short-sales, financially distressed borrowers can now look at a short-sale as a much easier and less expensive method of trying to get out of their hardship than ever before.
Read more: Short , Countrywide

New Bill Passed By Congress Makes Short-Sales Much More Appealing
2007-12-20 12:48:34
If you're a home owner facing foreclosure or thinking about negotiating a "short-sale" with your lender, Congress just made things a little easier for you. Congress just passed legislation called the Mortgage Forgiveness Debt Relief Act (HR 3648), which opens up a three-year window during which homeowners who end up in foreclosure or negotiate a short-sale won't have to pay taxes on up to $2M of forgiven debt. The Mortgage Forgivness Debt Relief Act changes the current law, which states that home owners are to be taxed on forgiven debt. President Bush is set to sign off on the bill shortly putting the bill into effect in the beginning of 2008.
Read more: Sales , Short , New Bill

Loudoun County Foreclosure/REO and Short-Sale Properties Sold - 2006 vs 2007
2007-12-19 18:08:00
Here are 2006 versus 2007 sold numbers and percentages regarding Loudoun County foreclosure/REO and short-sale properties: Loudoun County REOs/Short -sales Sold* Total Sold* Percentage 2006 198 4601 4.3% 2007 740 3168 23.4% (2007 is ytd) *sold by contract date As you can see, Loudoun County has had a 373 percent increase in the number of foreclosure/REO and short-sale properties sold as well as a 544 percent increase in the percentage of foreclosure/REO and short-sale properties in relation to total properties for sale.
Read more: Foreclosure , Properties

Snapshot of Loudoun County Foreclosure/REO and Short-sale Properties For Sale
2007-12-19 11:48:17
Here is a snapshot of current foreclosure/REO and short-sale properties for sale in Loudoun County , Virginia as a percentage of total active listings: Mailing Address REO/Short -sale listings Total Active Listings Percentage Ashburn 117 452 26% Sterling 313 795 39% Leesburg 178 715 25% South Riding 34 138 25% Purcellville 23 126 18% Hamilton 3 46 7% Round Hill 16 49 33% Loudoun County 721 2543 28% We used the most active cities as examples though we can provide specific data on other cities upon request.
Read more: Foreclosure , Properties

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