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West Virginia State Profile
West Virginia' State Profile - ' Spring 2006. West Virginia's economic growth remains modest. West Virginia's economic performance was on par with the nation at the end of 2005. Job growth in fourth quarter approximated the national increase of 1.4 percent Continued strength in construction...
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Finding Opportunity in the West Virginia Real Estate Market: Pre-Foreclosures
For the real estate investor, the notice of default (NOD) or "pre-foreclosure" stage is an investment opportunity.
A pre-foreclosure takes place from the period the bank gives notice of default (NOD) to the period the house is sold at a foreclosure auction.
Depending upon state law governance real estate, the time period usually is 90 days into mortgage loan default.
Within this default notice time window, the investor can take action. The main key to pre-foreclosure investing is equity - the difference between what a house will sell for and what is owed on the house.
Pre-foreclosures furnish an chance to purchase a house for less than fair market value (FMV), producing quick equity.
More information
Your West Virginia Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
All the sites listed below offer listings for a fee. Take advantage of the free trial period offered evaluate their listings. The sites should offer the latest listings with daily/monthly updates. Using the internet, a number of web sites allow searches by state, county, city, and zip code. Pre-foreclosure listings are public information and generally available at the local recorder's office. Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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West Virginia Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Typically 60 days
- Right of Redemption: No
- Deficiency Judgments Allowed: No