Loudoun Foreclosures

Announcement From Loudoun Foreclosures

It's been a great journey the past two years as we have grown as writers and as real estate agents.  However, recent developments have made realize that we need to each take one blog and develop our own voice independant of the other.  As of today Tony will be taken over the controls at loudounstats.com while Danilo will be handling the reins at LoudounForeclosures.com.

Important: As of today, LoudounForeclosures.com has moved to a new host. If you are one of the readers who has LoudounForeclosures.com in your reader or if it's sent to you via email, you will need to visit LoudounForeclosures.com and re-subscribe in order to continue getting the latest updates/posts.

Loudoun County Considering Foreclosure Program For County Employees

Just ran across this post over at the LoCo Real Estate Musings blog which talks about how the Loudoun County Board of Supervisors will be considering a program to help county employees purchase foreclosed properties. This is similar to what Fairfax County recently proposed with their "Silver Lining Program".

Here's an excerpt:

"Apparently Chairman Scott York is planning to propose a program to our Board at the June 3rd meeting that would help county employees get low interest loans to purchase foreclosed homes in the easternmost portion of Loudoun County.  It’s early yet for specific details, but according to the article it looks like York wants the program to focus on the Sterling Park area, which has a high number of foreclosures."

To read the full post, click here.

Related Articles

"Foreclosures Eyed As Opportunity" - Leesburg Today

-Danilo

Washington Post Runs Article On "Luxury Foreclosures" - Features Arko and Bogdanovic

The Washington Post ran a story on "luxury foreclosures" yesterday. It featured several local real estate agents, including Tony Arko and Danilo Bogdanovic. Check out the Post article here or the Loudoun Extra version here.

Percentage of Foreclosures and Short-Sales Holds Steady

The percentage of total properties for sale in Loudoun County that are foreclosures/bank-owned or short-sales is holding steady around 25 percent. We've been seeing the percentage stay around 25 for most of this year.

Though we'd all like to see that percentage go down, it's definitely good news that it's not increasing. The fact that it's not increasing is another sign that the worse is behind us.

-Danilo