Virginia is an historical state. Before the Colony of Virginia was established in 1607, the area was occupied by tribes of Powhatan. As one of the original 13 colonies, Virginia was involved in the formation of what is now the United States. The capital of the Nation is situated at the northeast corner of the state. Revolutionary War sites and Civil War battlegrounds attract filmmakers producing movies and documentaries.
The Allegheny and Appalachian Mountain ranges line the western border of Virginia while the Atlantic Ocean and Chesapeake Bay form beaches along the eastern side. Virginia is a state of large cities, small towns and rural and raw outdoors.
Opportunities abound, not only for recreation and history buffs, but for employment and housing. Lending institutions must repossess homes whose owners cannot afford the payments. But lenders don’t want the houses, their commodity is financial, which is why they consider offers on the homes that will help them regain their monetary losses. Many times the homes can be bought for far less than market value. Since liens are cleared during the foreclosures in Virginia, the transactions are risk free for the purchaser.
In our quest of Virginia foreclosure listings, we located 6,621 REO properties in the RealtyStore database. Fairfax, Prince William, Chesterfield and Henrico Counties were the most saturated with these cheap homes. Zip codes and cities with a volume of repossessed homes are 23462, 23464, 22407 and 23452 and Virginia Beach, Richmond, Norfolk and Chesapeake.
The abundance of affordable homes in an area makes it easier to search for one that suits your family, but if you are more interested in a small town or rural atmosphere, a number of the foreclosures in Virginia listed on RealtyStore.com are scattered across the state.