Foreclosures in Virginia continue to rise from a year ago, but the rate here is better than it is nationally.
One in every 567 Virginia households, or a total of 5,694, received a foreclosure filing in November, according to a RealtyTrac report released today. By comparison, one in every 488 U.S. households receiving a filing. Filings include notices of default, trustee sales and foreclosure sales, according to the online database.
Filings here rose 121 percent last month from November 2007, while nationally they increased 28 percent, according to the report.
This number shows the market in pre-foreclosures is still very active.Â What this report doesn’t reveal is how many of these are upside down, or how many can have a deal made from them.
Avoiding foreclosure of your home in Virginia is an everyday battle for thousands of families in the state.Â The truth of the matter is that a big percent of the families that face foreclosure today is not because the adjustable rate kicked in, but because in the last two years the cost of living has gone trough the roof, while middle class income has come down.
You might be able to get a loan modification, or simply sell your house outright to avoid foreclosure
Is your house facing foreclosure in Virginia?
If your house is facing foreclosure in Virginia, we can at least see if the there is something we can do to buy your house.Â You may have other options available to you.
If you or someone you care about are currently experiencing some sort of financial distress that might jeopardize the ability to make mortgage payments there are several crucial bits of information you need to know and some things you need to do right now before your payment is late.
We are a professional house buying company.Â To talk with us is free.
I invite you to call me directly at 804/719-1489 and speak with Chris.Â Or fill out the form on this page and I’ll give you a call, typically within 24 hours.
We have helped people like you deal with a home that is facing foreclosure in Richmond, in Petersburg and in the Surrounding areas.