From the category archives:

Foreclosure Trends

Mortgage Loan Assistance From Charlottesville Program

July 6, 2011

For area residents who are in danger of losing their homes due to foreclosures, there is a federal program called the Emergency Homeowners Loan Program. Locally in Charlottesville the program is administered through the Piedmont Housing Alliance (PHA). The loans are for people who have been laid off or are unable to work because of a medical [...]

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Homeowner’s Underwater Financing Pressures

June 11, 2011

Inman News (using a data aggregator called Core Logic, a real estate information source), has released an article this week about the impact of homeowner’s utilization of home equity loans. Their numbers reveal the struggle that homeowners are having as they try to hang on in financially troubled times. They say that 40% of underwater borrowers took [...]

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It’s An Investor’s Real Estate Market

June 10, 2011

Inman News, a real estate information source, has just published a list of its 10 Best Markets for Real Estate Investors. Not surprisingly, only one market was in the midwest, none were in the northeast, 7 were in the south and 2 were in the west. In order, their choices were: Indianapolis/Carmel; Winchester, Va.-W.Va.; Gainesville, [...]

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Home Foreclosures Nationally

May 25, 2011

According to RealtyTrac (a real estate data provider) the backlog of bank-owned U.S. homes now numbers approximately 872,000 properties. Another 1 million homes are already in the process of foreclosure, and the banks are set to foreclose on millions more in the next couple of years. Needless to say, the impact of bank-owned properties is [...]

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Charlottesville Area Foreclosure Trends

April 13, 2011

Charlottesville Area Foreclosure Trends While the state of Virginia foreclosure filings are at one in 979 properties, the central Virginia area is showing improvement. Since we began reporting these statistics, this is the first quarter that we are seeing a major reduction in foreclosure filings. Buckingham and Madison Counties are the exceptions, which is odd, since these counties [...]

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Big Real Estate Sale in Albemarle County VA

April 7, 2011

Today it’s official. Reports tell us that today’s auction of the Kluge winery , vineyard (and trademarks) has been purchased by Donald Trump…. for $6,216,250. In our opinion he has gotten a very valuable parcel of central Virginia real estate (near Charlottesville in Albemarle County). Welcome to the Charlottesville area Mr. Trump!

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Update on Kluge Winery Sale

March 31, 2011

We’ve been telling you recently about the events that are unfolding as the large Kluge Winery in Albemarle County is going through a foreclosure and a bank sale. The estate and vineyard will be offered as 6 tracts for sale at an auction on April 7th. All of the winemaking and bottling equipment will be auctioned [...]

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Charlottesville Foreclosure Rates – Dec 2010

January 13, 2011

Good news! According to RealtyTrac, an online foreclosure property marketer, foreclosure notices filed in the Charlottesville area mostly decreased in December, with the exception of Orange County, where filing notices increased. It is hard to say though, if this is a true trend as foreclosure notices were halted during a period in the fourth quarter [...]

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Charlottesville Virginia Real Estate Market Recap 2010

January 10, 2011

The Charlottesville Association of Realtors has released their 2010 end of year market report. Don’t miss our own market recap in Charlottesville Real Estate — Canary in the Mines.

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Charlottesville and Albemarle Distressed Real Estate Market Numbers

November 17, 2010

We’ve all heard the horror stories about the distressed real estate markets in Nevada, California, Arizona and Florida, but what are the numbers in the Charlottesville area? Just recently the local paper ran a story about the increase in distressed sales in the area. No doubt that the distressed sales and market activity have increased, [...]

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