Smithfield FORECLOSURE LISTINGS

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

Total: 6
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
1
15 Photos
BAILEY AVE Smithfield VA 23430 Foreclosures 5 3 $239,900.00 Details
2
10 Photos
CARY ST Smithfield VA 23430 Foreclosures 3 1 $154,900.00 Details
3
11 Photos
DAYS POINT LN Smithfield VA 23430 Foreclosures 3 2 $209,900.00 Details
4
23 Photos
BOWLING GREEN RD Smithfield VA 23430 Foreclosures 3 3 - Details
5 -
0 Photo
MOONEFIELD DR Smithfield VA 23430 Foreclosures 3 2.5 $219,900.00 Details
6 -
0 Photo
LOT 76 HARDYS PL Smithfield VA 23430 Foreclosures - - $49,000.00 Details
About our Listings

How to Buy Smithfield Foreclosures

How to buy foreclosures

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

>> See more info about how to Buy foreclosures

How to Invest in Smithfield Foreclosures

How to invest foreclosure

Smithfield 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 Smithfield real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Smithfield 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 Smithfield foreclosure short sales, wait for the right property at the right price.

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Types of Foreclosures in Smithfield

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Smithfield 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 Smithfield, VA. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Smithfield apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

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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 Smithfield 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 Smithfield REO properties.

Smithfield Banks Foreclosures

Bank Foreclosure

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

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Smithfield Government Foreclosures

Government Foreclosure

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

>> See more info about govermment foreclosures

Smithfield Pre-Foreclosures

Foreclosure

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

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Smithfield Foreclosure Auctions

Foreclosure Auction

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

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Top Zip Codes in Smithfield, Virginia

Find Home Foreclosure Listings in Smithfield, VA

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

Our Smithfield Foreclosure Lists

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



Smithfield, VA

As of 2011, Smithfield's population is 7,245 people. Since 2000, it has had a population growth of 14. 67 percent. The median home cost in Smithfield is $271,200. Home appreciation the last year has been -3. 96 percent. Compared to the rest of the country, Smithfield's cost of living is 16. 20% Higher than the U. S. average. Smithfield public schools spend $5,122 per student. The average school expenditure in the U. S. is $5,678. There are about 13. 9 students per teacher in Smithfield. The unemployment rate in Smithfield is 6. 70 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. Smithfield jobs have Decreased by 0. 27 percent. Average Commute time is 27 minutes. The National Average is 28 minutes.

Peoplesmithfield, vaUS
Population7,245307,829,557
Pop Density72687
Pop Change14.67%9.34%
Median Age37.136.6
Households2,879116,329,167
Household Size2.482.58
Male Population47.59%49.31%
Female Population52.41%50.69%
Married Population54.59%47.15%
Single Population45.41%52.85%
Estimated Households By Household Incomesmithfield, vaUS
Income Less Than 15k15.50%12.10%
Income Between 15k And 25k8.74%10.18%
Income Between 25k And 35k9.75%10.56%
Income Between 35k And 50k10.45%14.98%
Income Between 50k And 75k17.10%19.53%
Income Between 75k And 100k15.05%12.52%
Income Between 100k And 150k15.88%12.14%
Income Between 150k And 250k6.23%3.91%
Income Between 250k And 500k1.15%3.34%
Income Greater Than 500k0.14%0.75%
Economysmithfield, vaUS
Unemployment Rate6.70%9.10%
Recent Job Growth-0.27%-0.12%
Future Job Growth32.76%31.25%
Sales Taxes5.00%6.80%
Income Taxes5.75%6.25%
Income Per Cap$27,362$27,067
Household Income$58,200$52,954
Housingsmithfield, vaUS
Median Home Age2835.1
Median Home Cost$271,200$175,100
Home Appreciation-3.96%-3.15%
Homes Owned68.24%59.90%
Housing Vacant5.12%10.37%
Homes Rented26.64%29.73%
Property Tax Rate$6.73$11.20
Owner Occupied Housing Units By Valuesmithfield, vaUS
Less Than 20k3.49%2.65%
20k To 399992.91%3.76%
40k To 599991.40%4.99%
60k To 799991.11%6.01%
80k To 999990.97%7.27%
100k To 14999910.80%19.24%
150k To 19999915.16%14.67%
200k To 29999926.30%18.09%
300k To 39999918.06%9.14%
400k To 4999998.91%4.94%
500k To 7499997.85%5.42%
750k To 9999991.55%2.03%
1kk Or More1.50%1.77%
Educationsmithfield, vaUS
School Expend$5,122$5,678
Pupil Teacher Ratio13.914.9
Students Per Librarian543803
Students Per Counselor604513
2 Yr College Grad8.26%7.47%
4 Yr College Grad17.63%17.42%
Graduate Degrees11.27%10.12%
High School Grads86.32%84.72%
Crimesmithfield, vaUS
Violent Crime44
Property Crime44
Housing Units By Year Structure Builtsmithfield, vaUS
1999 To 200512.69%13.71%
1995 To 199813.84%8.54%
1990 To 19949.79%5.77%
1980 To 198916.85%13.87%
1970 To 197919.53%16.17%
1960 To 19698.59%11.70%
1950 To 19598.10%11.08%
1940 To 19492.84%6.02%
1939 Or Earlier7.77%13.15%

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