Real Estate Agents Sponsor “Foreclosure Tours”

Some real estate agents in the Northern Virgina area are sponsoring bus tours of foreclosed homes for prospective buyers, as an attempt to reduce the inventory of foreclosed homes. The tour would typically include advice and information about finding and buying foreclosed properties

Loudoun County ranks second to Prince William County in the highest number of foreclosures in Northern Virginia. In the 20164 zip code area, approximately nine out of 10 homes on the market are either foreclosures or short sales. 

One out of every 69 households in the county was in foreclosure in the last three months of 2008, well above the national average of one filing for every 555 households, according to RealtyTrac

 

 


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