Petersburg FORECLOSURE LISTINGS

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

Featured Foreclosure Listings in Petersburg, VA

Petersburg Home Foreclosure Listing ID: 2059401

Foreclosure

Petersburg, VA - 23803

3 Bd | 1 Ba | $56,900.00

Petersburg Home Foreclosure Listing ID: 2049813

Foreclosure

Petersburg, VA - 23805

3 Bd | 2 Ba | $63,500.00

Petersburg Home Foreclosure Listing ID: 1851915

Foreclosure

Petersburg, VA - 23803

3 Bd | 1 Ba | $85,500.00

Petersburg Home Foreclosure Listing ID: 2052033

Foreclosure

Petersburg, VA - 23803

3 Bd | 2 Ba | $110,000.00

Petersburg Home Foreclosure Listing ID: 2041635

Foreclosure

Petersburg, VA - 23803

4 Bd | 2 Ba | $113,000.00

Total: 34
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
1
2 Photos
E BOOKER CIR Petersburg VA 23803 Foreclosures 3 2 $59,000.00 Details
2
7 Photos
GREENWOOD DR Petersburg VA 23805 Foreclosures 3 1.5 $59,900.00 Details
3
16 Photos
YOUNGS RD Petersburg VA 23803 Foreclosures 4 2.1 $48,600.00 Details
4
10 Photos
FOX HUNT TRL Petersburg VA 23803 Foreclosures 3 2 $110,000.00 Details
5
1 Photo
HIGH ST Petersburg VA 23803 Foreclosures 5 2 $234,900.00 Details
6
8 Photos
BEECH ST Petersburg VA 23803 Foreclosures 2 1 $22,900.00 Details
7
7 Photos
CLAREMONT ST Petersburg VA 23805 Foreclosures 3 2 $63,500.00 Details
8
2 Photos
ELM ST Petersburg VA 23803 Foreclosures 2 1 $32,900.00 Details
9
20 Photos
CHUCKATUCK AVE Petersburg VA 23805 Foreclosures 3 1.5 $52,000.00 Details
10
2 Photos
RUSTY CT Petersburg VA 23805 Foreclosures 4 2 $159,000.00 Details
11
3 Photos
FERNDALE AVE Petersburg VA 23803 Foreclosures 3 2 $73,900.00 Details
12
5 Photos
GREENWOOD DR Petersburg VA 23803 Foreclosures 3 1 $56,900.00 Details
13
6 Photos
GILRITCHIE DR Petersburg VA 23803 Foreclosures 4 2 $113,000.00 Details
14
1 Photo
ROLLINGWOOD RD Petersburg VA 23805 Foreclosures 3 1 $83,000.00 Details
15
1 Photo
ADDISON ST Petersburg VA 23803 Foreclosures 3 1 $85,500.00 Details
16
4 Photos
WARREN ST Petersburg VA 23805 Foreclosures 3 1 $47,900.00 Details
17
11 Photos
OAKWOOD CIR Petersburg VA 23805 Foreclosures 4 1.5 $99,900.00 Details
18
6 Photos
MONTICELLO ST Petersburg VA 23805 Foreclosures 3 1 $57,200.00 Details
19
10 Photos
BRANDON AVE Petersburg VA 23805 Foreclosures 3 1.5 $69,000.00 Details
20
15 Photos
MAGNOLIA FARMS DR Petersburg VA 23803 Foreclosures 3 2 $94,900.00 Details
About our Listings

How to Buy Petersburg Foreclosures

How to buy foreclosures

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

>> See more info about how to Buy foreclosures

How to Invest in Petersburg Foreclosures

How to invest foreclosure

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

Foreclosure home

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

Petersburg Banks Foreclosures

Bank Foreclosure

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

>> See more info about bank foreclosures

Petersburg Government Foreclosures

Government Foreclosure

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

>> See more info about govermment foreclosures

Petersburg Pre-Foreclosures

Foreclosure

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

Petersburg Foreclosure Auctions

Foreclosure Auction

Most Petersburg 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 Petersburg, 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 Petersburg, VA. We offer a comprehensive Petersburg foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Petersburg, Virginia

Find Home Foreclosure Listings in Petersburg, VA

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

Our Petersburg Foreclosure Lists

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



Petersburg, VA

As of 2011, Petersburg's population is 31,468 people. Since 2000, it has had a population growth of -6. 64 percent. The median home cost in Petersburg is $110,500. Home appreciation the last year has been -5. 58 percent. Compared to the rest of the country, Petersburg's cost of living is 7. 00% Lower than the U. S. average. Petersburg public schools spend $5,684 per student. The average school expenditure in the U. S. is $5,678. There are about 12 students per teacher in Petersburg. The unemployment rate in Petersburg is 11. 00 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. Petersburg jobs have Decreased by 1. 51 percent. Average Commute time is 23 minutes. The National Average is 28 minutes.

Peoplepetersburg, vaUS
Population31,468307,829,557
Pop Density1,40687
Pop Change-6.64%9.34%
Median Age37.236.6
Households13,193116,329,167
Household Size2.332.58
Male Population45.94%49.31%
Female Population54.06%50.69%
Married Population28.60%47.15%
Single Population71.40%52.85%
Estimated Households By Household Incomepetersburg, vaUS
Income Less Than 15k20.19%12.10%
Income Between 15k And 25k13.49%10.18%
Income Between 25k And 35k13.92%10.56%
Income Between 35k And 50k16.00%14.98%
Income Between 50k And 75k17.35%19.53%
Income Between 75k And 100k9.73%12.52%
Income Between 100k And 150k6.48%12.14%
Income Between 150k And 250k1.37%3.91%
Income Between 250k And 500k1.22%3.34%
Income Greater Than 500k0.25%0.75%
Economypetersburg, vaUS
Unemployment Rate11.00%9.10%
Recent Job Growth-1.51%-0.12%
Future Job Growth25.98%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.75%6.25%
Income Per Cap$20,767$27,067
Household Income$37,098$52,954
Housingpetersburg, vaUS
Median Home Age47.435.1
Median Home Cost$110,500$175,100
Home Appreciation-5.58%-3.15%
Homes Owned43.95%59.90%
Housing Vacant14.58%10.37%
Homes Rented41.47%29.73%
Property Tax Rate$12.01$11.20
Owner Occupied Housing Units By Valuepetersburg, vaUS
Less Than 20k3.07%2.65%
20k To 399993.19%3.76%
40k To 599999.71%4.99%
60k To 7999912.06%6.01%
80k To 9999918.54%7.27%
100k To 14999938.15%19.24%
150k To 1999998.21%14.67%
200k To 2999995.37%18.09%
300k To 3999990.75%9.14%
400k To 4999990.34%4.94%
500k To 7499990.25%5.42%
750k To 9999990.19%2.03%
1kk Or More0.16%1.77%
Educationpetersburg, vaUS
School Expend$5,684$5,678
Pupil Teacher Ratio1214.9
Students Per Librarian413803
Students Per Counselor382513
2 Yr College Grad4.76%7.47%
4 Yr College Grad10.01%17.42%
Graduate Degrees5.52%10.12%
High School Grads72.34%84.72%
Crimepetersburg, vaUS
Violent Crime94
Property Crime94
Housing Units By Year Structure Builtpetersburg, vaUS
1999 To 20052.51%13.71%
1995 To 19981.98%8.54%
1990 To 19941.20%5.77%
1980 To 19897.33%13.87%
1970 To 197920.84%16.17%
1960 To 196922.00%11.70%
1950 To 195919.50%11.08%
1940 To 19496.99%6.02%
1939 Or Earlier17.64%13.15%

Table Information