Foreclosures in Winchester, VA - March 1, 2012
By Mike Cooper, Broker VA,WV, Your Neighborhood Real Estate Sales Pro
(Cornerstone Business Group Inc)
There are currently 45 available foreclosures in Winchester, VA. The Winchester, VA area saw a large increase in foreclosed properties right after the September 2008 market collapse. There where three waves of foreclosures. The first wave to be hit were the people who were living paycheck to paycheck. They were just keeping up when the market collapsed. Many of this group lost a job, or one family member lost a job, and that was all it took to take them to the courthouse steps. The second wave was predominately the investors who had scooped up properties just before the market shot up in the early 2000s. They had profited from the run up in home values during the early 2000s, but suddenly, they found themselves with rentals filled with tenants who were unemployed. The loss of jobs...
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