From the category archives:

Foreclosure Trends

Short Sales Correction By Fannie Mae

September 8, 2013

What if the documentation and comparisons of recent sales activity recorded by Fannie Mae… did not acknowledge short sales?   This happened.  Really. Due to a Fannie Mae computer software glitch,  there wasn’t a category for short sales.  So all short sales were put into the ‘foreclosure’ files.    By law, a short sale may prevent the […]

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Consumer Financial Protection Details

January 18, 2013

In one year (Jan. 10, 2014) the new national Consumer Financial Protection Bureau rules go into effect, to protect borrowers and to define what lenders can or cannot do.  Here’s your link to the details of the new rules. Briefly summarized, here are 9 areas of the major points covered by the new rules.  The Bureau provides […]

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Foreclosures in Title Theory States and Lien Theory States

September 28, 2012

At this time the national backlog of foreclosed properties inventory is being handled more quickly by lenders in Title theory states.  At the bottom is a diagram of the states for reference.  Virginia is a Title theory state.   However, some of our neighboring states such as Maryland or Pennsylvania operate as Lien theory states.  But you might […]

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Virginia Foreclosure Rates by County

July 9, 2012

Here’s a great tool for you to research foreclosures in various counties of Virginia.   If you hover your mouse over a county it will give you a number… but you can also click into it for details. For instance, Albemarle county had 1 foreclosure in May for every 2808 housing units. Click on the county […]

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Fannie Doesn’t Want Real Estate Flipping

November 11, 2011

Bank-owned real estate is now affected by a Fannie Mae provision that prohibits the resale of a property for at least 3 months from the “date of the deed”.  The purpose is to discourage new owners from flipping bank-owned properties right away.    And during the 3-month waiting period, a promised sale price can’t exceed 120% of the Fannie […]

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A Look at the Current Charlottesville Housing Market

October 31, 2011

Barry Merchant, an economist with the Virginia Housing Development Authority, visits the Charlottesville Area Association of Realtors twice a year to advise us of the current economic trends and more importantly how they are impacting the Central Virginia real estate market. Read here his latest presentation given at Farmington Country Club on October 26, 2011.

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Charlottesville Real Estate Market Ranked #6 in Nation

October 3, 2011

The latest issue of BuilderOnline magazine has an analyzation of the national housing market, taking into account the number of new homes and sales midway through 2011.  Charlottesville ranked #6 in their Top 20 poll.  New home sales made up of attached (townhome and condo) homes accounted for 16% of all sales as of June 2011.   […]

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Louisa County VA Real Estate Statistics

September 16, 2011

Louisa County lies just to the east of Charlottesville in central Virginia (map at bottom).   Louisa’s charming town of Gordonsville is surrounded by farms and horse properties, and also the Spring Creek Golf community is in Louisa Co.  Property sales details are below. Here are active listings in Louisa Co. at this time. We’ve […]

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Charlottesville VA Real Estate Statistics

September 16, 2011

Charlottesville VA is in the middle of Albemarle County (map at bottom).  As home to the University of Virginia, several federal government offices, and medical centers… Charlottesville is the bustling hub of central Virginia. Though only 10 square miles in size, Charlottesville has a wide assortment of real estate properties. Traditional homes, condos, student housing, […]

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Greene County VA Real Estate Statistics

September 16, 2011

Greene County lies just north of Charlottesville’s Albemarle County (map at bottom).  From fishing at the Rapidan Wildlife Preserve to the amazing mountain views of the Appalachian Trail and the Shenandoah National Park …. Greene County entices lovers of the outdoors. Though not far from Charlottesville or D.C., Greene County offers a variety of properties […]

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