Northern Virginia Foreclosures

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8 Properties Found.
Photo of Listing #VAJC100134
  • MLS® #: VAJC100134
  • 102 West Links
  • $565,850
  • 4 Bed, 4 Bath, 4654 SqFt, 0.6 Acres
  • Residential
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Photo of Listing #VAFQ168382
  • MLS® #: VAFQ168382
  • 6321 Nordix Dr
  • WARRENTON, VA 20187
  • $449,900
  • 3 Bed, 2 Bath, 2213 SqFt, 0.96 Acres
  • Residential
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Photo of Listing #VAFX1175898
  • MLS® #: VAFX1175898
  • 12001 Market St #159
  • RESTON, VA 20190
  • $429,990
  • 2 Bed, 2 Bath, 1047 SqFt
  • Residential
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Photo of Listing #VAPW512530
  • MLS® #: VAPW512530
  • 7011 Little Thames Dr
  • $349,000
  • 3 Bed, 3 Bath, 1990 SqFt
  • Residential
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Photo of Listing #VAFB118450
  • MLS® #: VAFB118450
  • 1901 Washington Ave
  • $279,900
  • 2 Bed, 1 Bath, 1201 SqFt, 0.14 Acres
  • Residential
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Photo of Listing #VAFQ168598
  • MLS® #: VAFQ168598
  • 6310 Vint Hill Rd
  • WARRENTON, VA 20187
  • $265,000
  • 3 Bed, 1 Bath, 1346 SqFt, 0.9 Acres
  • Residential
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Photo of Listing #VAAX254302
  • MLS® #: VAAX254302
  • 301 N Beauregard St #718
  • ALEXANDRIA, VA 22312
  • $249,900
  • 2 Bed, 2½ Bath, 1132 SqFt
  • Residential
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Photo of Listing #VASP227480
  • MLS® #: VASP227480
  • 15333 Spotswood Furnace Rd
  • $169,900
  • 3 Bed, 2 Bath, 1204 SqFt, 1 Acre
  • Residential
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More foreclosure information

Foreclosures  Investing Short Sale Homes for Sale - 1Foreclosures are everywhere these days, and can provide a buyer with an exceptional investment opportunity if they shop carefully. The Virginia foreclosure market has a great selection of single-family homes and condominiums available—many at fantastic prices. Keep in mind however, that not every foreclosure property is a good buy. It's vital to be as informed as possible before starting your search for Virginia foreclosures, REOs, and short sales.

Northern Virginia Bank Owned, REO, Short Sale & Foreclosure Properties

In order to determine what kind of foreclosure property is your best bet, it's important to know the lingo. Below is a brief run-down of the types of foreclosure properties available in Northern Virginia.


Foreclosures  Investing Short Sale Homes for Sale - 2A foreclosure occurs when a homeowner is unable to make his or her mortgage payments. Typically the process begins within a few months' of the owner defaulting on his loan. If the owner is unable to pay the monies owed, the house will be entered into a foreclosure auction, where buyers can bid on the home.

Be aware that some foreclosures have liens on the property and there may be tenants still living in the home. Also, houses sold at auction are typically done so in "as-is" condition. This means that you won't be able to inspect the property before you buy, and any repairs that need to be done will done at your own expense. Buyers must arrive at the auction with a cashier's check in hand, covering your entire bid.

Bank Owned Homes & REO Properties

Foreclosures  Investing Short Sale Homes for Sale - 3If a property fails to win a buyer at auction, then ownership will revert to the lender. The house is now considered a bank owned property, or REO (which stands for "real estate owned") home. From a buyer's stand point, purchasing an REO home may be the safer bet. This is because with REOs, the mortgage is dissolved, liens are removed, any remaining tenants are evicted, and critical repairs are completed by the bank.

One caveat of a bank owned home is that there may be smaller repairs that need to be done before the home is move-in ready. The extent of the repairs will largely depend on how severe the former owners' financial troubles were. If they struggled to make their mortgage payments each month, there's a good chance that they didn't have the funds to keep the home in good condition. In other cases, owners may be angry at the bank for foreclosing and let their rage out on the house by breaking whatever's close by. If you're considering buying a foreclosure or bank owned home in Virginia, be prepared for the possibility that you'll have a lot of work to do.

Short Sales

Foreclosures  Investing Short Sale Homes for Sale - 4You may have heard the term "short sale" being tossed around, and wonder what kind of property it is. Unlike the other types mentioned, short sales occur prior to foreclosure. These types of sales can be time-consuming, but if you find a good property at the right price, it may be worth the wait. For more information on these transactions, see our Northern Virginia short sales page.

Your Northern Virginia Foreclosure Expert: Carolyn Capalbo

Buying a foreclosure property at any stage of the game can be tricky. The process can be complicated, and you could get stuck paying off liens and making substantial repairs. This is why it's crucial to have a real estate agent as your ally. A REALTOR® who is experienced in Virginia's foreclosure market will be able to guide you through the process and advise you which properties are good buys, and which ones are not.

Whether you're in the market for a short sale home in Fairfax, a foreclosure in Prince William County, or an REO in Alexandria, I can help. I have extensive experience with foreclosure sales of all types, and am happy to get you on the road to home ownership.

Is Amazon HQ2 Coming to Northern Virginia?

Read Our Latest Blog Post about the speculation of where Amazon may build. So many people are wondering about where Amazon will build their next Headquarters. Read Carolyn's thoughts about why Loudoun County would be an ideal location. If they choose to build it in Loudon County, what impact will that have on real estate values not just in Loudoun county but across the area?.

Contact Northern Virginia REALTOR®, Carolyn Capalbo for expert advice on buying Northern Virginia bank owned homes.

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The Capalbo Team Reviews

"I was very satisfied with Team Capalbo's services. They sold our rental property in VA while I'm in Europe, without having to fly back. Carolyn's knowldge of the area helped price the house well (more than I expected) and was sold in less than a week. She provided very useful advice from start to finish. Her team had contractors ready to bid for some repairs and I was provided with a couple of bids for my approval. The electronic signing of the documents was easy and efficient. Her team was very responsive, knowledgeable, and professional. I highly recommend this team to anyone"

Amy Harper via Zillow

© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Long & Foster Real Estate Inc. participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Long & Foster Real Estate Inc. are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Listing information last updated on February 24th, 2021 at 9:03pm EST.