Richmond Va Foreclosures For Sale
The Foreclosure Market in Richmond VA, like many places across the country swelled to it highest levels in 2009-11. Since prices largely bottomed in late 2011, the foreclosure market has decreased in volume and continues to do so as we put the correction in the rear view mirror.
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The hardest hit segments of the marketplace were upscale new homes over 4000 SF, starter homes (or other homes) purchased by buyers with questionable loan products and homes in fringe areas. Markets that suffered the least we mature areas closer to the urban core and those reasonably sized homes in the best school districts. Condos, whose values fell like all real estate, were largely spared from the foreclosure debacle due to their ability to be rented reasonably by their owners. The condo foreclosures were largely centered in a few flawed projects that were unable to maintain financial warrantability through Fannie Mae, Freddie Mac or FHA.
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Below is a list of foreclosed properties in Richmond.