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Northern Virginia - 10 Best Places to buy a Foreclosure!!!
By robertearl | April 1, 2008
Washington DC / Northern Virginia has been ranked by Forbes Magazine as one of the 10 best places to buy a foreclosure home.
Here is the List as compiled by Forbes:
- Charlotte, NC
- Raleigh, NC
- Nashville, TN
- Oklahoma City, OK
- San Antonio, TX
- Albuquerque, NM
- Knoxville, TN
- Seattle, WA
- Indianapolis, IN
- Washington-Arlington-Alexandria (Northern Virginia)
“Many exurbs of Maryland and Virginia were drastically overbuilt during the housing boom. Some spots, like Bethesda, Md., were expanded over multiple ZIP codes. Once the market softened, devalued properties, especially outside the Beltway, put a lot of homeowners underwater, and were foreclosed upon.”
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