Foreclosures in Virginia: Virginia Foreclosures by County, City, or Zip
Midway between New York and Florida, Virginia is the gateway to the South and sits in the heart of the Mid-Atlantic region. Residents in this 12th most populous state in the U.S. experience the rewards of homeownership in all of Virginia's diverse geographic areas. Foreclosed homes, government owned homes for sale, home auctions and more can be found by savvy buyers in areas as the Blue Ridge Mountains and Appalachian Valley to the Cumberland Plateau; the shores of the Chesapeake Bay and the Atlantic Ocean at the VA Eastern Shores, to the horse country and Virginia's government centers near Washington D.C. Counties with some of the highest per capita household wealth in the country are found in Virginia. Even so, amazing foreclosed home sales can also be found in these same and many other areas across the Commonwealth of Virginia.
Virginia REO foreclosures are the leading type of distressed property available. Over 6,000 REOs can be found in Virginia. Government owned (Fannie Mae/Freddie Mac) repossessed property, HUD foreclosed homes and bank home auctions each offer nearly 1,000 individual active homes for sale across Virginia. The most popular VA cities with bargain homes available include Virginia Beach with 800 listings, Richmond VA with 650 foreclosures, Norfolk VA with 450 foreclosed homes for sale and Alexandria with 380 foreclosed houses listed.
Having many types of foreclosed listings to choose from is a great advantage for today's real estate buyer in Virginia. It's always a buyer's market when Virginia's foreclosed or repossessed homes are involved since sellers (banks and the government) don't want to be property owners. They need cash flow. You want a bargain home purchase. If you still find the discounted home prices too high in Virginia, don't be shy to make an offer. Homes available for sale in Virginia through HUD homes, Fannie Mae/Freddie Mac and other foreclosure sellers can be had for reasonable offers even if below original or discounted listing prices. Review the Virginia listings in our database. Take the ones you like best and make an offer that fits your budget. You could become the owner of a beautiful Virginia foreclosed home faster than you ever thought possible before.