Monthly Archives: November 2007
Housing Market: Housing Prices continue to fall nationwide
The Washington Post reported that the median price for a house in the United States has declined 4.5%. Read it at ‘No Real Positive News’ Seen As Home Prices Continue to Fall – washingtonpost.com. We talk with sellers on a … Continue reading
Posted in FISBO Tips, Housing prices, Virginia Market
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Home Prices are Falling Faster Than Ever
Over at Get Flipping » Home Prices are Falling Faster Than Ever , the author points to statistics about the real estate market nationwide. In a few weeks, the Virginia association of realtors will release their statistics for the Virginia … Continue reading
Posted in Virginia Market
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Expensive Mortgages lead to Foreclosure
I have found this article today at another blog: Why mortgages have eaten Americans out of house and home | Wise Bread and thought it would be useful in the discussion on foreclosure. At some point, people stopped calculating what … Continue reading
Posted in foreclosure
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Feature: Local Family Postpones Foreclosure.
Monday November 19, Dreams In Distress focused on a Chesterfield family that is facing foreclosure because of their subprime mortgage adjusting. "They are among the estimated 14,000 Virginia households facing foreclosure this year." Their payment adjusted from $1,250 to $1,650, … Continue reading
Posted in Virginia Market, foreclosure
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Rate of Foreclosures in Richmond
Investors need the facts – Real Estate – inRich.com While the article focuses on investors, it does point out that the Richmond Times Dispatch is publishing nearly 145 trustee sales a week compared to 110 this time last year, a … Continue reading
Posted in Virginia Market
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Surviving the Housing Slump
Newsweek puts up an article called Surviving the Housing Slump and offers 5 ways that homeowners can use.
Posted in Uncategorized
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Governor Kaine Creates Virginia Foreclosure Prevention Task Force
Governor Kaine Creates Virginia Foreclosure Prevention Task Force was a press release issued today. I’m glad that the State is getting involved in Foreclosure Prevention. Nearly 4 out of 5 loans in foreclosure in the state were sub-prime. And there … Continue reading
Posted in Virginia Market, foreclosure
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Keeping Your Home Online Course :
There is a new nationwide course, available online and anonymous as well. ‘Keeping Your Home,’ New Online Course Designed to Help Homeowners Nationwide Avoid Foreclosure, Now Available at CCCSInc.org : I have not had any experience with this course, but … Continue reading
Posted in foreclosure
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Richmond Real Estate Market Review October 07
Article from the Richmond Times Dispatch Nov 11, 2007: Things looking better locally – Real Estate – inRich.com It’s a positive headline, but doesn’t really focus on the challenges of selling a home these days. Anecdotal evidence among my network … Continue reading
Posted in Virginia Market
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Freddie Mac: Avoiding Foreclosure — working with your lender
Freddie Mac has published a resource on how to avoid foreclosure: Freddie Mac: Avoiding Foreclosure . In it, there are some possible options that lenders may give you to work out a way to avoid selling your property.. Some typical … Continue reading
Posted in Lender, foreclosure
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