Read ’em all here . I’ll be Downtown tomorrow at 11, as will lots of locals, I suspect.
Posts tagged Foreclosures
Foreclosures in Charlottesville and Albemarle
Let’s see some localized context, courtesy a report titled ” Cumulative Foreclosure Actions In Virginia (April 2008)” sent to me by a local lender ( PDF ) – Albemarle County is #68 with .03% Augusta County is #76 with .02% Charlottesville is #78 with .02% Fluvanna County is #98 with .01% Greene County is #65 with .03% Nelson County is 103 with 0% Waynesboro City is #87 with .01% For context, look at Spotsylvania 1.69% and 1.9% Stafford, which equals 727 and 828 housing units respectively under foreclosure. Loudoun County has over 2,000 foreclosures equalling 2.14% of their housing stock.
What’s a mortgage broker to do?
From today’s HooK story on foreclosures in Charlottesville : Prang works out of his house for Carteret Mortgage; he says his mortgage consulting is geared toward the Christian community and home schoolers, which is what his wife does with their three children. … He suggests that people unable to keep up with their payments try something called a “deed in lieu of foreclosure,” in which, with approval, they simply give the house back to the bank.
92 acres for One Million Dollars in Albemarle County
… and other property auctions, courtesy of The HooK . (is this advertising ?)
Question from a reader regarding Charlottesville area foreclosures
Our agent didn’t show much interest in this kind of properties and I didn’t ask him if it is because there are not many on the market currently or he is just not strong in that area.” … And, foreclosures are quite the hot topic. 
If you’re looking for the most accurate, up-to-date information on foreclosures in the Charlottesville area, I personally use the HooK’s site ; I’ll bet they would get good traffic if they devoted a page to foreclosures and the link stayed the same every week – thehook.com/foreclosures … just an (selfish) idea.