Wednesday, April 14, 2010

Million Dollar Foreclosures in Albemarle County - 3 Auctions Scheduled April16

March '10 had the highest foreclosure activity ever, nationwide.  Currently, "distressed"sales (short sales or bank-owned resales of foreclosures) represent 29% of all housing transactions in the United States.  The future holds more trouble for this area: one in 10 Virginia mortgages is delinquent or in foreclosure.

At 3pm April 16 at the Albemarle County Courthouse, three $1M properties could be handed back to the lenders.  County property records are here.
Related Reading: 
What's Missing From the CAAR Q1 '10 Market Report?
Kluge Moses Vineyard Estates Foreclosure 
Halsey Minor Farm Foreclosure

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