The Outcome Of Last Week’s Foreclosure/REO Knowledge Poll
December 20, 2007 by Danilo Bogdanovic
Filed under Thursday Polls
We conducted a poll last week to test your knowledge of Loudoun County foreclosures, REOs and short-sales. The poll asked the question "What percentage of properties for sale in Loudoun County are foreclosures/REOs or short-sales?"
Well, here are the results:
- 22 percent said 1 to 10 percent
- 44 percent said 11 to 20 percent
- 17 percent said 21 to 30 percent
- 11 percent said 31 to 40 percent
- 6 percent said over 40 percent
The answer? 28 percent.
Congratulations to the 17 percent that got it correct! To the others, no worries…there’s a way to always get the answer to that question correct.
How?
By checking out Loudoun Foreclosures, which is dedicated to Loudoun County foreclosures, REOs, short-sales and other great real estate deals including spec homes and new construction. Feel free to subscribe to the Loudoun Foreclosures RSS feed or add it to your home page so you can get new posts sent to you directly.
Thanks to all that voted!
Gresham Real Estate - Guy on Fri, 21st Dec 2007 1:57 am
61% said between 20 and 30. I would say for somebody that doest do this for a living that pretty good.
John Valente on Fri, 21st Dec 2007 3:03 am
28% seems to be a high number. Is that typical? Do you know how that compares to surrounding counties, or the national average?
Best Regards,
John
http://www.DollarCardMarketing.com
Danilo Bogdanovic on Fri, 21st Dec 2007 11:53 am
Gresham - Actually, 17 percent said between 20 and 30.
John - Yes, 28 percent is very high when compared to previous years (check out http://www.LoudounForeclosures.com for 2007 vs 2006 numbers). But that’s the number.
In Northern Virginia, Prince William County is the worst hit by foreclosures with Loudoun County coming in second.
Virginia, as a whole, ranked number 24 on the list of states with the highest rate of foreclosure filings according to statistics that came out on Wednesday on InmanNews. The rank is calculated by filing per number of households.
Aron on Thu, 27th Mar 2008 12:24 am
The foreclosure occurs when the borrower misses to pay 2 or 3 monthly statements and if he is not in contact regularly.