Virginia, Maryland and Washington DC Real Estate Search

Portfolio Realty is a premier real estate firm serving Virginia, Maryland and Washington DC. The DC metro area real estate market demands high levels of skill, proficiency and knowledge. Whether you are eager to buy your first home, sell your nest egg, invest or relocate to the area, it is important to protect your investment by working with a local market expert.
City Min $
Zip Max $
Type Beds

Advanced Search

Baths
Refine Your Search
All Homes
Foreclosures/REO's
Short Sales
New Construction

Process for Foreclosures Gets Longer

According to recent reports, banks and mortgage servicers are being more careful by dotting their i’s and crossing their t’s.  The foreclosure process can take up to 2 years now to foreclose on defaulting homeowners.  So those of you that think the foreclosures are going to slow down and the market is going to bounce back, think again.  There is a huge backlog that has occurred by a number of the nation’s large banks.  This is due to a lengthy review process for those who are trying to get a loan modification and of course the lawsuits that have risen from banks improperly filing foreclosure documents.

This brings up the moral issue of the entire situation.  Homeowners who have defaulted are staying in their home mortgage free.  The worst or best part about it, depending on which party you are is that these borrowers have been mortgage free for 507 days on the average.  That is ABSURD!!!!  We’re talking 19 to 20 months in their home without making a mortgage payment.  Some even expect that number to grow by the end of the year to 22-23 months.

The ultimate goal of the delay in the process is to reduce the inventory of foreclosed homes.  Let’s all be real here though, this really is not going to reduce the number of foreclosures.  It’s just leading to the inevitable.  Banks and the government need to bite the bullet and release all the foreclosed homes so this debacle can end.  It has gotten to the point where defaulting borrowers are essentially indirectly stealing from the banks and getting away with it.  It makes me sick and I know homeowners that pay their mortgage cannot be that happy either.

  1. 2 beds, 2 full baths
    Home size: 1,650 sq ft
    Lot size: 9,135 sqft
    Year built: 1950
    Days on market: 5
  2. 4 beds, 3 full, 1 half baths
    Home size: 3,768 sq ft
    Lot size: 5,663 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 5
  3. 5 beds, 3 full, 1 half baths
    Home size: 2,444 sq ft
    Lot size: 10,657 sqft
    Year built: 1957
    Days on market: 7
  4. 5 beds, 3 full, 1 half baths
    Lot size: 36,000 sqft
    Year built: 1985
    Parking spots: 2
    Days on market: 7
  5. 4 beds, 2 full baths
    Home size: 1,512 sq ft
    Lot size: 9,053 sqft
    Year built: 1970
    Days on market: 8
  6. 3 beds, 2 full, 2 half baths
    Home size: 1,770 sq ft
    Lot size: 7,150 sqft
    Year built: 1930
    Days on market: 11
  7. 4 beds, 3 full, 1 half baths
    Home size: 2,406 sq ft
    Lot size: 18,836 sqft
    Year built: 1977
    Parking spots: 2
    Days on market: 12
  8. 4 beds, 3 full, 1 half baths
    Lot size: 20,386 sqft
    Year built: 1978
    Parking spots: 2
    Days on market: 14
  9. 4 beds, 1 full, 1 half baths
    Home size: 1,593 sq ft
    Lot size: 6,526 sqft
    Year built: 1982
    Parking spots: 1
    Days on market: 18
  10. 4 beds, 2 full, 1 half baths
    Home size: 2,712 sq ft
    Lot size: 20,174 sqft
    Year built: 1976
    Parking spots: 1
    Days on market: 19
  11. 4 beds, 3 full baths
    Home size: 1,706 sq ft
    Lot size: 11,520 sqft
    Year built: 1964
    Days on market: 20
  12. 4 beds, 2 full baths
    Lot size: 14,243 sqft
    Year built: 1955
    Days on market: 21
  13. 6 beds, 3 full, 1 half baths
    Lot size: 8,638 sqft
    Year built: 1997
    Parking spots: 2
    Days on market: 35
  14. 4 beds, 2 full, 1 half baths
    Home size: 3,146 sq ft
    Lot size: 10,590 sqft
    Year built: 1998
    Days on market: 41
  15. 4 beds, 3 full baths
    Lot size: 9,159 sqft
    Year built: 1963
    Days on market: 49
  16. 6 beds, 5 full, 1 half baths
    Home size: 7,110 sq ft
    Lot size: 5.00 ac
    Year built: 1988
    Parking spots: 2
    Days on market: 55
  17. 0 beds, 0 baths
    Lot size: 2.12 ac
    Year built: 1973
    Parking spots: 2
    Days on market: 58
  18. 4 beds, 3 full, 1 half baths
    Lot size: 13,736 sqft
    Year built: 1989
    Parking spots: 3
    Days on market: 61
  19. 4 beds, 3 full baths
    Home size: 2,673 sq ft
    Lot size: 13,616 sqft
    Year built: 1970
    Parking spots: 2
    Days on market: 65
  20. 3 beds, 2 full baths
    Lot size: 21,449 sqft
    Year built: 1940
    Parking spots: 1
    Days on market: 85
  21. 4 beds, 2 full, 1 half baths
    Lot size: 11,335 sqft
    Year built: 1998
    Parking spots: 2
    Days on market: 91
  22. 6 beds, 6 full, 3 half baths
    Home size: 9,702 sq ft
    Lot size: 36,083 sqft
    Year built: 2003
    Parking spots: 3
    Days on market: 92
  23. 4 beds, 2 full, 1 half baths
    Home size: 1,471 sq ft
    Lot size: 21,327 sqft
    Year built: 1963
    Parking spots: 1
    Days on market: 99
  24. 4 beds, 4 full, 1 half baths
    Home size: 4,680 sq ft
    Lot size: 5,400 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 165
  25. 6 beds, 8 full baths
    Home size: 7,887 sq ft
    Lot size: 1.28 ac
    Year built: 2007
    Parking spots: 5
    Days on market: 175

See all Fairfax County Foreclosure Homes (Single Family).
(all data current as of 9/27/2016)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Also read this...


Free Foreclosure List

Free Local Virginia, Maryland and Washington DC Foreclosure Email