From the category archives:

Foreclosure Trends

Nelson County VA Real Estate Statistics

September 15, 2011

Nelson County lies just southwest of Charlottesville’s Albemarle County (map at bottom). It’s in the mountainous foothills of the Blue Ridge Mts, with scenic views, trees and streams. Wintergreen Resort (with golf and skiing) provides a unique real estate market in a county of rural acreage and farms. In the chart below, we’ve extended the […]

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Fluvanna County VA Real Estate Statistics

September 15, 2011

Fluvanna County lies just southeast of Charlottesville’s Albemarle County (map at bottom). It has diverse appeal, in part because of its rural nature, the large gated lakefront community of Lake Monticello, and Fluvanna’s handy proximity to Charlottesville. Below are the sales in Fluvanna Co. for the past year: Below are details of the active property […]

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Albemarle County VA Real Estate Statistics

September 15, 2011

The City of Charlottesville is in the center of Albemarle County and also in the center of Virginia (map at bottom). With UVa and the medical centers, government facilities, art and school choices, property prices tend to be a bit higher as you get closer to Charlottesville.  In Albemarle County you can also expect a […]

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Right of First Refusal in Charlottesville Real Estate

July 8, 2011

There’s an fascinating new update in the ongoing Charlottesville saga surrounding the bankruptcy and subsequent sale of the Kluge Estate and Winery.   We have been providing the background stories as the winery and mansion have gone into foreclosure. Donald Trump is the new owner who has bought the winery and several parcels of land that comprise the […]

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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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