Penhook FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in Penhook, Virginia.

Total: 10
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# Photo Address City State Zip Type BD BH Price Details
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12 Photos
GRASSY HILL RD Rocky Mount VA 24151 Foreclosures 3 2 $33,000.00 Details
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DAVIS MILL RD Rocky Mount VA 24151 Auctions 2 1 $35,438.00 Details
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ALEAN RD Rocky Mount VA 24151 Auctions 6 - - Details
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PLEASANT RIDGE DR Wirtz VA 24184 Foreclosures 3 2 $137,000.00 Details
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2 Photos
THREE OAKS RD Wirtz VA 24184 Foreclosures 3 1 $80,000.00 Details
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14 Photos
WYSONG MILL RD Hardy VA 24101 Foreclosures 3 2 $57,500.00 Details
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10 Photos
SWEETBRIAR LN Boones Mill VA 24065 Foreclosures 3 2 $134,900.00 Details
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DRY HILL RD Ferrum VA 24088 Foreclosures 2 1 $45,000.00 Details
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CARTER DR Ferrum VA 24088 Foreclosures 3 2 $40,000.00 Details
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5 Photos
ARTHUR CIR Ferrum VA 24088 Foreclosures 2 1 $65,000.00 Details
About our Listings

How to Buy Penhook Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Penhook, VA starts with finding listings. By browsing Penhook foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in Penhook, VA.

>> See more info about how to Buy foreclosures

How to Invest in Penhook Foreclosures

How to invest foreclosure

Penhook foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best Penhook real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Penhook foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at Penhook foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in Penhook

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Penhook will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in Penhook, VA. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Penhook apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

Virginia Foreclosure Laws

Foreclosure law

Virginia real estate foreclosures are both judicial and non-judicial foreclosures in that foreclosure houses can be processed through either mechanism. In a judicial foreclosure, distressed properties in Penhook have to be approved through a court before an auction can take place. In a non-judicial foreclosure, no court approval is required; the lender can file a Notice of Default and eventually put the auction up for sale. Real estate brokers can handle foreclosures after they have been either cleared by the court or put on the market by the lender. In either case, homes that do not sell at auction are now owned by the lender and are Penhook REO properties.

Penhook Banks Foreclosures

Bank Foreclosure

Penhook bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in Penhook, VA are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on Penhook bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in Penhook Virginia to be similar to buying from an agent. Check our Penhook bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

Penhook Government Foreclosures

Government Foreclosure

Penhook Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in Penhook VA are another popular type of foreclosure, as are VA foreclosures in Penhook, which are available from the Veterans Affairs Department for especially great deals. Check our Penhook government foreclosure listings.

>> See more info about govermment foreclosures

Penhook Pre-Foreclosures

Foreclosure

PreForeclosures in Penhook are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a Penhook Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

Penhook Foreclosure Auctions

Foreclosure Auction

Most Penhook foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in Penhook, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in Penhook, VA. We offer a comprehensive Penhook foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Penhook, Virginia

Find Home Foreclosure Listings in Penhook, VA

Penhook foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in Penhook, VA and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in Penhook Virginia, best affordable foreclosure condo in Penhook, cheap apartments for sale, bargain foreclosed homes for sale in Penhook, VA and earn huge savings on the homes YOU want to buy!

Our Penhook Foreclosure Lists

You can find Penhook foreclosure homes for sale which you can buy for living or investment. Simply click through our Penhook foreclosure home listings to find government foreclosures and bank owned homes in Penhook area. If you're searching for a deep discount or low prices on real estate then searching our Penhook foreclosure lists for homes foreclosure for sale or short sale listing in Penhook is your answer. Our up-to-date Penhook short sale listings provide the latest investing opportunities on affordable Penhook bank owned property listings, government pre foreclosure lists, Penhook banrkuptcy homes and Penhook HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in Penhook, you should have little trouble finding the cheapest deal on a foreclosed home in Penhook, Virginia.

You can also search Boones Mill foreclosure listings and Ferrum foreclosure listings for more properties in the neighboring area.



Penhook, VA

As of 2011, Penhook's population is 802 people. Since 2000, it has had a population growth of 10. 62 percent. The median home cost in Penhook is $202,900. Home appreciation the last year has been -1. 55 percent. Compared to the rest of the country, Penhook's cost of living is 1. 60% Lower than the U. S. average. Penhook public schools spend $4,791 per student. The average school expenditure in the U. S. is $5,678. There are about 12. 2 students per teacher in Penhook. The unemployment rate in Penhook is 7. 00 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. Penhook jobs have Decreased by 2. 47 percent. Average Commute time is 36 minutes. The National Average is 28 minutes.

Peoplepenhook, vaUS
Population802307,829,557
Pop Density7187
Pop Change10.62%9.34%
Median Age46.236.6
Households348116,329,167
Household Size2.32.58
Male Population49.38%49.31%
Female Population50.63%50.69%
Married Population61.52%47.15%
Single Population38.48%52.85%
Estimated Households By Household Incomepenhook, vaUS
Income Less Than 15k11.24%12.10%
Income Between 15k And 25k10.37%10.18%
Income Between 25k And 35k10.09%10.56%
Income Between 35k And 50k12.97%14.98%
Income Between 50k And 75k19.31%19.53%
Income Between 75k And 100k12.68%12.52%
Income Between 100k And 150k10.95%12.14%
Income Between 150k And 250k4.90%3.91%
Income Between 250k And 500k6.63%3.34%
Income Greater Than 500k0.86%0.75%
Economypenhook, vaUS
Unemployment Rate7.00%9.10%
Recent Job Growth-2.47%-0.12%
Future Job Growth28.06%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.75%6.25%
Income Per Cap$35,577$27,067
Household Income$56,691$52,954
Housingpenhook, vaUS
Median Home Age24.135.1
Median Home Cost$202,900$175,100
Home Appreciation-1.55%-3.15%
Homes Owned42.35%59.90%
Housing Vacant46.37%10.37%
Homes Rented11.28%29.73%
Property Tax Rate$4.90$11.20
Owner Occupied Housing Units By Valuepenhook, vaUS
Less Than 20k0.73%2.65%
20k To 399992.55%3.76%
40k To 599995.84%4.99%
60k To 799994.38%6.01%
80k To 999998.39%7.27%
100k To 14999920.80%19.24%
150k To 1999996.57%14.67%
200k To 29999911.68%18.09%
300k To 39999911.68%9.14%
400k To 4999998.76%4.94%
500k To 7499999.85%5.42%
750k To 9999994.74%2.03%
1kk Or More4.01%1.77%
Educationpenhook, vaUS
School Expend$4,791$5,678
Pupil Teacher Ratio12.214.9
Students Per Librarian507803
Students Per Counselor331513
2 Yr College Grad5.88%7.47%
4 Yr College Grad11.44%17.42%
Graduate Degrees7.84%10.12%
High School Grads81.86%84.72%
Crimepenhook, vaUS
Violent Crime24
Property Crime24
Housing Units By Year Structure Builtpenhook, vaUS
1999 To 200513.76%13.71%
1995 To 199816.41%8.54%
1990 To 199413.57%5.77%
1980 To 198916.07%13.87%
1970 To 197918.39%16.17%
1960 To 196910.97%11.70%
1950 To 19593.55%11.08%
1940 To 19491.08%6.02%
1939 Or Earlier6.18%13.15%

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