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Why You Should Beware of Bank Owned Properties – Virginia Beach Real Estate

filed under: Buyers, Foreclosures, Main category, Real Estate posted on June 10th, 2008

if you are considering buying real estate in Virginia Beach, Chesapeake, or Hampton Roads, VA you might rethink bank owned properties. We are all suffering because of the lender’s no doc, no pay, no nothing required sub-prime and other mortgage loans. Now read about bank owned properties and how they want you to accept their crap real estate in Virginia Beach and Hampton Roads and you absorb all the risk. I was recently working with a client who was interested in...Continue Reading!

posted by Dennis Blackmore // 5 Comments »

Virginia Beach Real Estate Foreclosure Report for February 2008

filed under: Foreclosures, Main category, Real Estate posted on February 15th, 2008

Virginia Beach Real Estate News For Buyers And Sellers

Virginia Beach real estate foreclosures increased for the month of December.  Virginia ranks 24th Nationally. Virginia Beach has 103  homes in pre-foreclosure, 229 advertised for auction, and 238 REO’s (Bank Owned Real Estate) on the market. Pre-foreclosure homes in Virginia Beach are priced from a low of $121,000 to a high of $1,500,000. Nationally, a total of 2,203,295 home foreclosure filings were reported on 1,285,873 properties during 2007, a 75 percent increase in total filings from 2006, according to the RealtyTrac U.S. Foreclosure Market...Continue Reading!

posted by Dennis Blackmore // Leave A Comment

How to Buy Virginia Beach VA Pre-Foreclosure Real Estate

filed under: Foreclosures, market reports posted on February 8th, 2008

Considering pre-foreclosure real estate (homes or condos) in Virginia Beach, Chesapeake, Norfolk, Suffolk, or Hampton Roads? Maybe real estate near the oceanfront is in your near plans. Pre-foreclosed homes and condos offer potential real estate bargains if all the cards come together. At this point in time, the home owner is in a state of “limbo” where some specific actions have to take place. What is pre-foreclosure and how does it affect those searching for Virginia Beach homes or condos? Realtytrac defines...Continue Reading!

posted by Dennis Blackmore // Leave A Comment

What You Need to Know About Virginia Beach Real Estate Foreclosures

filed under: Foreclosures, Main category, Real Estate posted on February 7th, 2008

Foreclosure real estate in Virginia Beach can be a terrific investment, or give home buyers a much more affordable option than traditional properties in this time of escalating prices. But, before you jump in assuming this is “real-estate for dummies” or the next get-rich-quick scheme, think again! You really need to know your stuff regarding real estate when it comes to navigating your way through the process and making sure you’re getting the most home or condo for your buck. Also, keep...Continue Reading!

posted by Dennis Blackmore // Leave A Comment

Virginia Beach and Virginia Home Foreclosure Help On the Way

filed under: Foreclosures, Main category posted on January 17th, 2008

I am thrilled to now say that Delegate Sal R. Iaquinto, R-Virginia Beach is taking the Virginia Beach, Chesapeake, and Virginia home and condo predatory real estate foreclosure matter seriously. As announced in today’s Virginian Pilot Newspaper, Delegate Iaquinto has now introduced a home foreclosure consumer protection bill. Details include: Those entities offering assistance to real estate owners potentially facing home foreclosure must disclose what they do and services provided. A three day cooling off period where the home...Continue Reading!

posted by Dennis Blackmore // Leave A Comment