Virginia Foreclosures for Sale

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Virginia, known as the "birthplace of a nation" and the "internet capital of the world", has an enormous number of manufacturing industries. These include food processing, chemicals, wood products and lumber, electronic and other electrical equipment and transportation equipment. Virginia is one of the US' top 10 coal producers and accounts for about 70% of Virginia's mineral value. Major attractions include Shenandoah National Park, Booker T. Washington's birthplace, Arlington National Cemetery, the Robert E. Lee Memorial and the Blue Ridge National Parkway. Surprisingly enough, about 1/2 of all of the people in the US live within approximately a 500 mile radius of Richmond, VA. These days, since the housing situation is a buyers-market, investing in Virginia foreclosures for sale is smart, especially since these foreclosures are going at about 39% below retail prices.

Roanoke, Virginia, which has a population of about 92,000, has a great quality of life. They enjoy an unemployment rate of only 4.7% and a cost of living index 14% below the national average. There are approximately 1,400 foreclosed homes for sale currently. Residents love that the area is a combination of city and beautiful mountains. Some residents also believe that Roanoke is the best kept secret in the US because it is what the residents call a "diamond in the rough." There is so much to do within a 50 mile radius including seeing the Hot Springs, camping and hiking on the Blue Ridge Parkway and whitewater rafting as well as much more. The downtown area has become progressive and now tends toward the younger scene with a new $66 million art museum, entertainment and cultural offerings, a civic center and 2 major shopping malls within 10 miles of each other.

Richmond, the state capital of Virginia, has a population of approximately 200,000. The cost of living there is on par with the national average and the unemployment rate is only at 6.2%, about 2.8% below the current national average. Two of the best neighborhoods are Twin Hickory and Midlothian, both are suburbs. Both have excellent school districts and both are near a variety of amenities. There are approximately 4,711 foreclosures available in Richmond and at near 40% below retail, the time is right to shop for a new home.

Lynchburg, Virginia has a small population of about 71,000 people. The cost of living is very low for the surrounding area, at 9% below the national average. Also, their unemployment rate is only 5.6%. Because it has been a relatively stable community throughout this housing slump, there are only approximately 365 foreclosures available for sale. Lynchburg has some very lovely views and is nicknamed the Hill City. Most of the people there are very friendly and quite a few are conservative. Liberty University, the largest Christian university in the world, is based there. There are also many parks in the city and according to one resident; it's a small city that feels like a small town.

Virginia is a study of life in America. Its rich history and governmental ties make Virginia a predominantly safer place to live. Purchasing a foreclosure now, at nearly 40% off retail, is a testament to a very smart long-term investment.