South Boston FORECLOSURE LISTINGS

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

Featured Foreclosure Listings in South Boston, VA

South Boston Home Foreclosure Listing ID: 1128061

Foreclosure

South Boston, VA - 24592

3 Bd | 1 Ba | $32,500.00

South Boston Home Foreclosure Listing ID: 2030175

Foreclosure

South Boston, VA - 24592

3 Bd | 1.1 Ba | $55,000.00

South Boston Home Foreclosure Listing ID: 1832341

Foreclosure

South Boston, VA - 24592

6 Bd | 4 Ba | $83,900.00

South Boston Home Foreclosure Listing ID: 1939172

Foreclosure

South Boston, VA - 24592

3 Bd | 1 Ba | $97,000.00

South Boston Home Foreclosure Listing ID: 1939319

Foreclosure

South Boston, VA - 24592

3 Bd | 2.5 Ba | $129,480.00

Total: 6
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
1
7 Photos
AVERETT CT South Boston VA 24592 Foreclosures 3 1 $97,000.00 Details
2
7 Photos
N MAIN ST South Boston VA 24592 Foreclosures 6 4 $83,900.00 Details
3
7 Photos
BILL TUCK HWY South Boston VA 24592 Foreclosures 3 2.5 $129,480.00 Details
4
2 Photos
WESTSIDE DR South Boston VA 24592 Foreclosures 3 1 $32,500.00 Details
5
9 Photos
WILDFLOWER DR South Boston VA 24592 Foreclosures 3 1.1 $55,000.00 Details
6 -
0 Photo
CHEVERLY DR South Boston VA 24592 Foreclosures 3 2 $99,900.00 Details
About our Listings

How to Buy South Boston Foreclosures

How to buy foreclosures

Buying real estate foreclosures in South Boston, VA starts with finding listings. By browsing South Boston 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 South Boston, VA.

>> See more info about how to Buy foreclosures

How to Invest in South Boston Foreclosures

How to invest foreclosure

South Boston 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 South Boston real estate investing bargains, you'll have to assess several properties and decide which has the most potential for South Boston 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 South Boston 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 South Boston

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in South Boston 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 South Boston, VA. There are even chances to buy land, farms, and ranches, sites for mobile homes, and South Boston 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 South Boston 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 South Boston REO properties.

South Boston Banks Foreclosures

Bank Foreclosure

South Boston bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in South Boston, 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 South Boston bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in South Boston Virginia to be similar to buying from an agent. Check our South Boston bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

South Boston Government Foreclosures

Government Foreclosure

South Boston 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 South Boston VA are another popular type of foreclosure, as are VA foreclosures in South Boston, which are available from the Veterans Affairs Department for especially great deals. Check our South Boston government foreclosure listings.

>> See more info about govermment foreclosures

South Boston Pre-Foreclosures

Foreclosure

PreForeclosures in South Boston are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a South Boston 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

South Boston Foreclosure Auctions

Foreclosure Auction

Most South Boston 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 South Boston, 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 South Boston, VA. We offer a comprehensive South Boston foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in South Boston, Virginia

Find Home Foreclosure Listings in South Boston, VA

South Boston 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 South Boston, 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 South Boston Virginia, best affordable foreclosure condo in South Boston, cheap apartments for sale, bargain foreclosed homes for sale in South Boston, VA and earn huge savings on the homes YOU want to buy!

Our South Boston Foreclosure Lists

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

You can also search Scottsburg foreclosure listings and Alton foreclosure listings for more properties in the neighboring area.



South Boston, VA

As of 2011, South Boston's population is 7,922 people. Since 2000, it has had a population growth of -6. 61 percent. The median home cost in South Boston is $105,300. Home appreciation the last year has been -2. 75 percent. Compared to the rest of the country, South Boston's cost of living is 13. 20% Lower than the U. S. average. South Boston public schools spend $5,681 per student. The average school expenditure in the U. S. is $5,678. There are about 11. 2 students per teacher in South Boston. The unemployment rate in South Boston is 9. 90 percent(U. S. avg. is 9. 10%). Recent job growth is Positive. South Boston jobs have Increased by 1. 00 percent. Average Commute time is 20 minutes. The National Average is 28 minutes.

Peoplesouth-boston, vaUS
Population7,922307,829,557
Pop Density65487
Pop Change-6.61%9.34%
Median Age44.136.6
Households3,412116,329,167
Household Size2.182.58
Male Population44.34%49.31%
Female Population55.66%50.69%
Married Population39.08%47.15%
Single Population60.92%52.85%
Estimated Households By Household Incomesouth-boston, vaUS
Income Less Than 15k26.82%12.10%
Income Between 15k And 25k17.16%10.18%
Income Between 25k And 35k13.66%10.56%
Income Between 35k And 50k14.39%14.98%
Income Between 50k And 75k14.59%19.53%
Income Between 75k And 100k6.98%12.52%
Income Between 100k And 150k4.47%12.14%
Income Between 150k And 250k0.70%3.91%
Income Between 250k And 500k1.17%3.34%
Income Greater Than 500k0.06%0.75%
Economysouth-boston, vaUS
Unemployment Rate9.90%9.10%
Recent Job Growth1.00%-0.12%
Future Job Growth32.10%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.75%6.25%
Income Per Cap$18,661$27,067
Household Income$29,338$52,954
Housingsouth-boston, vaUS
Median Home Age41.935.1
Median Home Cost$105,300$175,100
Home Appreciation-2.75%-3.15%
Homes Owned56.02%59.90%
Housing Vacant12.45%10.37%
Homes Rented31.54%29.73%
Property Tax Rate$4.05$11.20
Owner Occupied Housing Units By Valuesouth-boston, vaUS
Less Than 20k3.42%2.65%
20k To 399994.56%3.76%
40k To 5999913.78%4.99%
60k To 7999914.51%6.01%
80k To 9999914.74%7.27%
100k To 14999931.61%19.24%
150k To 1999995.29%14.67%
200k To 2999999.58%18.09%
300k To 3999991.60%9.14%
400k To 4999990.27%4.94%
500k To 7499990.27%5.42%
750k To 9999990.14%2.03%
1kk Or More0.23%1.77%
Educationsouth-boston, vaUS
School Expend$5,681$5,678
Pupil Teacher Ratio11.214.9
Students Per Librarian197803
Students Per Counselor151513
2 Yr College Grad6.49%7.47%
4 Yr College Grad10.50%17.42%
Graduate Degrees6.46%10.12%
High School Grads72.15%84.72%
Crimesouth-boston, vaUS
Violent Crime64
Property Crime74
Housing Units By Year Structure Builtsouth-boston, vaUS
1999 To 20055.83%13.71%
1995 To 19985.97%8.54%
1990 To 19943.84%5.77%
1980 To 198912.83%13.87%
1970 To 197918.89%16.17%
1960 To 196915.15%11.70%
1950 To 195912.27%11.08%
1940 To 194910.45%6.02%
1939 Or Earlier14.77%13.15%

Table Information