Foreclosure Homes in Virginia

A year ago, Virginiawas in the middle at No. 25, according to RealtyTrac.   Nationwide foreclosure filings decreased 3.4% from May 2008 to June 2008.  However in Virginia, foreclosure filings increased 8.9%.   Foreclosures in Virginia are at the highest level since at least June 2005 – up 204% from June 2007!



Make sure you get a good lender, Prosperity Mortgage   don’t always go for the max limit that you can qualify for and in most situations if not all, try to stay away from interest only loans, and arms with balloon payments.  Historiclly the fixed rate over 30 or 15 years is the BEST and SAFE Option in buying a home. 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: