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One thing most people will say when they meet me is that I am very motivated. Being determined and experienced, I have been very blessed with helping people accomplish their dreams of owning a home. I have been in sales for 9 years in Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk and Hampton.
Bank owned home listings auctions have risen in Virginia in the past years. This also led to a rise in the number of firms offering help to troubled homeowners.
The foreclosure process in the U.S. had been deemed flawed by most analysts. Some have identified middlemen as the main problem in helping troubled homeowners.
Federal homes and bank foreclosures continue to drag the new home market down. Analysts reported that the price gap between new and foreclosed homes has grown.
Foreclosure tax deed sales and low number of housing units sold are threatening the Virginia housing market. Analysts stated that the recovery could stall.
Properties on foreclosure list in the U.S. might rise again in the coming months as underwater loan issue escalates. Over 11 million households are underwater.
In February, sale of pre foreclosures and processing of foreclosed properties slowed down in Virginia. The number of filings also dropped in the region.
Bankruptcy homes and other types of residential properties in Richmond posted higher sales in February. Realtors reported that the area is a seller's market.
Bank owned residential properties and foreclosed property sales declined in Virginia last year. However, some counties are still mired in foreclosure problems.
Houses from repossession and foreclosures that are worth millions of dollars are increasing in number. Recently, a Virginia estate was sold at over $15 million.
The drop in foreclosure filings for January cannot be attributed to the foreclosure tax credit. Instead, experts are looking into the foreclosure moratorium.
Freddie Mac homes and foreclosures accounted for a considerable part of January housing sales. This resulted in lower median prices in some areas of Virginia.
Repossessed condos and residential property sales declined in Virginia last year. The number of houses sold dropped by almost 10% in 2010 from year-ago levels.
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