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Helena Talbot
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I am available to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, I am here to act as your local real estate specialist.
Phone: 703-727-9885
License #: 0225 036904
February 2012 Volume 6, Issue 2
6 month Virginia Foreclosure Trends
NOD
NTS
NFS
LIS
REO
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Auction

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The Road to Flipping 1,000 Homes

By Doug Clark of Spike TV's "Flip Men"

I have always been a bit of a gambler and come from an entrepreneurial upbringing; a childhood friend in the mortgage business asked me to head down to a local foreclosure auction and meet Mike Baird. I cautiously walked up the courthouse steps for the first time and inquired around for Mike so we could shake hands for the first time. I was not prepared for what I was about to witness; an ordinary and unassuming individual approached, proclaimed “buyer beware”, and start firing off addresses of properties impending sales at the auction. Where was the courtroom, the judge, a sheriff? Complete Story

Foreclosure Trends : December, 2011
National Virginia Loudoun CTY
NODs 25,752 0 0
NTSs 61,397 1,972 55
NFSs 23,507 0 0
LISs 32,594 0 0
REOs 61,774 820 45
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Foreclosure Terms
Notice of Default (NOD)
A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)
Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
Auction / Notice of Trustee's Sale (NTS)
A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)
An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)
The final step in foreclosure process in which property ownership returns to lender. More about REOs