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Foreclosures

With the economy in the condition it is in and the housing market still struggling to find its legs, the Foreclosure has almost become an asset class all of its own.

While a Short Sale represents a condition where the proceeds from the sale are less than the debt, the foreclosure represents a property that has already been taken back by the bank from the owner for non-payment of the mortgage. The owner of record is the bank (or other lending entity) and the property is being sold without the interference of the original owner. It should be free and clear of all liens and encumberances (unlike a short sale which may or may not have clear title.) These houses are vacant (or should be….there have been some strange stories) and usually have been so for an extended period (which is an issue in itself.) Many times the property has been winterized and the the power is off. The properties are often sold ‘as-is’ and usually at a significant discount.

Foreclosures In And Around Richmond

There are a high number of foreclosed properties on the market currently (which is not a secret) and according to many macro-economic studies, there are still many on the way.

Here is the list of properties that specifically reference “Foreclosure” in the remarks. Once again, this search is seeking keywords and in no way makes any representation as the validity of the information. Make sure read all of the remarks thoroughly to understand the context of any reference made.

One-Click ‘Foreclosure’ Searches

  • Foreclosures less than $400k
  • Foreclosures more than $400k

804.201.9683


How Do I Schedule a Showing?

I am Kendall C. Kendall, Client Care Coordinator for the team. I am a licensed Realtor and it is my job to answer questions and schedule showings for the properties shown on our sites. Here's our call policy.
kendall@richmondrelocation.net

804.305.2344


How Do I Determine What I Can Afford?

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Equal Housing

The Sarah Jarvis Team agrees to provide equal professional service without regard to the race, color, religion, sex, handicap, familial status, national origin or sexual orientation of any prospective client, customer, or of the residents of any community. Any request from a home seller, landlord, or buyer to act in a discriminatory manner will not be fulfilled.

IDX Disclaimer

All of the information displayed here is deemed to be gathered from reliable sources but no warranties, either express of implied, are made part of this site. Additionally, the IDX Feed for listing information may contain descriptions of properties not represented by One South Realty, its agents or staff and any violations or misrepresentations are the sole responsibility of the listing brokerage of the subject property in violation.

Contact The Sarah Jarvis Team

804.201.9683

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2314 West Main Street Richmond, VA 23220

sarah@richmondrelocation.net

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Chris Lester
Senior Loan Administrator
NMLS# 353830
804-307-7033
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Members of the Sarah Jarvis team are licensed in the Commonwealth of Virginia.