Why Most Homes Will Never Go To Foreclosure

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Categories: Market Statistics, Short Sales & Foreclosures Posted on January 18th, 2010

People want to purchase foreclosures. The reason is simply because they believe they will get a great deal compared to buying a regular sale or having to wait for a short sale.

The media leads people to believe that there are a lot of foreclosures available on the market due to the recession. While this may be true in some areas, it is not true in Loudoun County, VA. Out of the 1,122 homes currently on the market in Loudoun County only 48 of them are foreclosures.

This does not mean that there are not people having financial difficulties in Loudoun County. It simply means that people are finding other options such re-financing or short selling their home. There are 183 short sales currently on the market in Loudoun.

People are finding that these options are much better for them than simply walking away from their home. If you are interested in learning more regarding short sales and their effects feel free to contact me!

This entry was posted on Monday, January 18th, 2010 at 2:31 PM and is filed under Market Statistics, Short Sales & Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.