Foreclosures and Bank Owned Homes in Hampton Roads
Our current economy in Hampton Roads has weathered the "Storm" rather well since the collapse due mainly in part to our large military presence. Even though we have done well, doesn't mean there are not foreclosure deals to be found. We have simplified your search for foreclosures through our links below. [Read more about Foreclosures]
Hampton Roads, VA Foreclosures For Sale
Great Opportunity For A Buyer With Vision. Cash Or...
- Price:
- $5,000
- City:
- Suffolk
- Beds:
- 4
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1206352
Great Opportunity For A Buyer With Vision. Cash Or Rehab Loan Only.
Three Bedroom, One Bath Home With Front Porch And Fenced...
- Price:
- $9,900
- City:
- Newport News
- Beds:
- 3
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- 1147965
Three Bedroom, One Bath Home With Front Porch And Fenced Backyard. Make This Your Project For 2012!
2 Bedroom 1 Bath Bungalow Located In The Lloyd Place...
- Price:
- $10,900
- City:
- Suffolk
- Beds:
- 2
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- 1205041
2 Bedroom 1 Bath Bungalow Located In The Lloyd Place Neighborhood Of Suffolk.being Sold As Is.
Property Priced For Cash And Carry Or Rehab Loan. ...
- Price:
- $12,900
- City:
- Richmond City North James River
- Beds:
- 3
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- 1128714
Property Priced For Cash And Carry Or Rehab Loan. Sits On Nice Size Lot. Bring Your Tool Bag And Imagination...
Property Is Priced For Cash And Carry Or Rehab Finance...
- Price:
- $15,900
- City:
- Henrico County
- Beds:
- 3
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- 1128720
Property Is Priced For Cash And Carry Or Rehab Finance Loan.
Repairs Almost Complete (70%) With Good Workmanship-ceramic...
- Price:
- $19,500
- City:
- Newport News
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1110785
Repairs Almost Complete (70%) With Good Workmanship-ceramic Tile Flooring In Kitchen, Baths, Utl Rm &...
Selling Strictly "as Is". Cash Or Rehab Financing Only....
- Price:
- $19,900
- City:
- Newport News
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1053440
Selling Strictly "as Is". Cash Or Rehab Financing Only. Great Opportunity For Investor. Home Has 3 Bedrooms,...
Cash Or Rehab Loan Only. Needs Lots Of Work. Nice Lot...
- Price:
- $19,900
- City:
- Suffolk
- Beds:
- 3
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- 1146282
Cash Or Rehab Loan Only. Needs Lots Of Work. Nice Lot In Town Of Whaleyville Next To Fire Department....
This Is A Fannie Mae Homepath Property! Great Property,...
- Price:
- $19,900
- City:
- Newport News
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1201941
This Is A Fannie Mae Homepath Property! Great Property, Priced To Move! Much Larger Than The Square...
Super Fantastic Victorian Charmer Offering A Wide Open...
- Price:
- $19,900
- City:
- Portsmouth
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1204583
Super Fantastic Victorian Charmer Offering A Wide Open Floor Plan, Huge Kitchen With Tiled Floor, Nice...
This Diamond In The Rough Offers Excellent Potential....
- Price:
- $20,000
- City:
- Franklin
- Beds:
- 3
- Baths:
- 1
- Type:
- Residential
- MLS® #:
- 1202362
This Diamond In The Rough Offers Excellent Potential. Interior Needs Finishing. New Roof, New Vinyl Siding,...
Property Sold As Is. Spacious 5 Bedroom House With...
- Price:
- $21,000
- City:
- Newport News
- Beds:
- 5
- Baths:
- 2
- Type:
- Residential
- MLS® #:
- 1136546
Property Sold As Is. Spacious 5 Bedroom House With A Tremendous Amount Of Potential. Located In Teh Heart...
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Register NowWhat is a Foreclosure?
Wikipedia defines foreclosure: is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).[clarification needed] Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that it can successfully repossess the property.[1] Therefore, through the process of foreclosure, the lender seeks to foreclose the equitable right of redemption and take both legal and equitable title to the property in fee simple.[2] Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments. The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgment.
Foreclosure Communities
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