Category Archives: Virginia Market
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 market.
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, making the house no longer affordable. They are hoping for a loan modification, but there [...]
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 31% increase.
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 are still many more looming on the horizon. Virginia’s foreclosure process is brutally fast. This [...]
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 of realtors, attorneys, and investors tell me of deals falling apart because the credit markets [...]
