The foreclosure listings for homes being foreclosed is getting larger every year, including the foreclosure listing in Alexandria, VA. The state of the economy, with the fluctuating interest rates as well the high cost of home ownership are all contributing factors in foreclosed homes. Homeowners are often having difficulty in maintaining their mortgage payments.
As hard as they may try, they end up losing their homes. When a home is foreclosed, it is sold at public auction to the highest bidder. Many people that are interested in purchasing a home look for a foreclosure listing. In Alexandria, VA, some beautiful homes available have been foreclosed.