Category Archives: Reader Questions
When Do Homes Close in Charlottesville?
I’ve always known/believed that homes in Charlottesville (and more real estate markets) close at the end of the month … But I’ve never looked at the numbers until now. Because I had to look at each day individually as there’s no automatic report, I chose June 2011 as a representative month.
Why do homes close at the end of the month?
Simply put, a buyer has to bring a little bit less cash to closing if you close at the end of the month.
When you close on a home, you’re required to prepay any interest that will accrue on
Regal Theaters Doubt Charlottesville Can Build a Road
At least that’s the angle Charlottesville Tomorrow sees in the announcement that Charlottesville will be getting stadium seating.
Apparently, Regal has made a business decision of their own to move ahead with an upgrade. Sufficient state and federal funding is not expected for the Hillsdale Drive project until 2015 at the earliest. Part of Hillsdale was identified as a “shovel ready” project for which Charlottesville has sought federal stimulus funds.
“We were aware that there was talk of a road project either near or on our property,” said Russ Nunley, Regal’s Vice President of Marketing & Communications in an
What is the timeframe for the new FHA loan limits to be available for consumers?
I love getting questions through my nifty Meebo widget in the sidebar.An answer to the question can be found here:HUD is required by the law to publish the new mortgage limits by March 14, 2008…. This data can be found here (pdf).The NAR sent a letter to HUD on February 13, 2008, urging HUD to implement the limits as quickly as possible. The implementation schedule is complicated by the fact that Fannie Mae and Freddie Mac will be using the same limits above $417,000 and Office of Federal Housing Enterprise Oversight (OFHEO) Director James B. Lockhart, III (Fannie and Freddie’s regulator) noted in a recent speech that implementation could take up to three months with an additional month for partial enactment.
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