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is “getting business from her Web site, and is seeing good purchasers,” interested in property in Rappahannock.
A look at RealtyTrac. com confirms Woodard’s estimate which lists 11 properties currently in foreclosure and up for sale.
Mike Leake, president & CEO of Rappahannock National Bank asked how many properties his bank had foreclosed on responded with a blunt “zero.”
“We don’t have any foreclosures in Rappahannock County,” he said.
Most of the mortgages on the foreclosed properties in the county w*ere held by well-known financial institutions which included GMAC Mortgage, CitiMortgage, FANNIE MAE, Wachovia and Deutsche Bank.
One of the local offices of a foreclosed property mortgage holder - American General Financial Services in Culpeper - refused to answer inquiries into the number of foreclosures they handled last year and whether they were trending up or down.
Deutsche Bank held five foreclosed properties, the highest of any single lender in the county. As with much about the mortgage busi
94.8%