Listen to the podcast at Charlottesville Podcasting Network.
Once again, an hour wasn’t enough. It never is. Thanks to Rick Moore and WNRN for the opportunity and Charlottesville Podcasting Network for the podcast.
I read more so you don’t have to. 🙂
If you’re thinking about buying a home in the Charlottesville area in 2010, when should you begin looking?
Answer: now.
Prepping to sell a house in Charlottesville.
Prepping to buy a home in Charlottesville.
I’m doing something differently this time. I’m posting the links to most of the subjects we discussed, but will be elaborating and expanding on them for throughout the course of the week. While we may have discussed each issue for only a few minutes, I think that each one warrants a separate blog post so as not to be missed.
So, skim these links or wait until the posts come out. I’m also going to post the transcription when it’s done.
Strategic Defaults:
Strategic Defaults: Naughty or Nice?
Walking Away From The House She Can Afford
If Morgan Stanley Walks Away, Why Shouldn’t You? Firm Walks Away From 5 Properties
Short Sales:
11 Short Sale Frequently Asked Questions
Foreclosures in Charlottesville:
Two properties with $100k price reductions
A quick look at some of the foreclosures in the Charlottesville/Albemarle area shows that there are foreclosures ranging from $25,913 to $1,010,000
Biscuit Run may become a park:
Update 28 December 2009: Windfall for Biscuit Run developer? Tax credits could become cash (at the Daily Progress. h/t Charlottesville Bubble Blog)
– The HooK
Tax Credit: Who qualifies for the homebuyer tax credit?
First time homebuyers
“Move-up” homebuyers.
Tax Credit information on RealCentralVA
HR 3458 – For our purposes, known as the “homebuyer tax credit act“
More on Home Sales – nationally
Why U.S. Home Sales Are Both Up and Down
New-Home Sales Drop 11.3% As Impact of Stimulus Fades
Home Sales up as Buyers Respond to Tax Credit – National Association of Realtors (read with the biased grain of salt)
More on Home Sales – Charlottesville/Albemarle
Predictions and Prognostications:
Prepped but Didn’t Get to:
U.S. Lifts Limit On Aid To Fannie, Freddie
The nationalization of America’s mortgage problem
Resources for Accidental Landlords
As Slump Hits Home, Cities Downsize Their Ambitions
Fannie, Freddie and the Struggles of HAMP
OFHEO – Rankings by *Metropolitan Statistical Areas and Divisions Percent Change in House Prices with MSA Rankings** Period Ended September 30, 2009
OFHEO says Charlottesville real estate has appreciated over 5 years
Jim, thanks for the hour on Sunday. I’ve already had several (4?) listeners approach me and comment about a particular part of the show – folks who can afford to pay their mortgage but stop because it’s no longer financially smart for them to do so. “Why didn’t y’all talk more about this?” (why didn’t you call in?) Everyone commenting to me thought it was immoral and should be illegal with hellacious punishments. Tell me again what the faults are in VA for ‘walking away’?
Rick –
Thanks for the comment and the time.
Regarding the consequences for walking away, I am not 100% certain what they are and I don’t think the IRS or anyone knows with complete certainty. I’ll see what I can find and post it asap.