Category Archives: Foreclosures & Short Sales

National Bank of Blacksburg Building Auctioned Off

If you’ve been around Blacksburg for any length of time, you’ve almost certainly noticed the old National Bank of Blacksburg building – on the corner of N. Main and Roanoke Street – standing proudly but looking rather weathered and beaten up. The building was an earlier home to the National Bank of Blacksburg, and in recent years had been passed around from owner to owner while sitting vacant and, quite honestly, falling apart. Read More

Will A Cash Offer Get A Better Deal On A Foreclosure?

I read a question, posted online, recently, where a buyer said that they were looking at making a cash offer on a bank-owned foreclosure. Specifically, they were wondering whether a bank would take a cash offer for less than the listed price.  For the purposes of this post, let’s assume that they mean “will the bank take far less than the asking price if I’m paying in cash? Read More

How To Buy A Short Sale

Last week I talked about having a short sale right down the street from an upcoming listing.  It’s not the greatest deal in the world, to have a house just steps away that’s being sold for less than what is owed on it, but it is what it is.  My sellers are realistic, they’ve got a house that’ll be priced right and will show great, and we’ll continue on. Read More