Charlottesville Real Estate Radio – WNRN 27 December

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

Short Sale Help – HAFA

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)

Charlottesville Tomorrow

cvillenews

The HooK

Tax Credit: Who qualifies for the homebuyer tax credit?

First time homebuyers

“Move-up” homebuyers.

From NAR

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

Shadow Inventory

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

OFHEO says Charlottesville real estate has appreciated over 5 years

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2 Comments

  1. Rick December 28, 2009 at 17:25

    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’?

    Reply
    1. Jim Duncan December 29, 2009 at 07:10

      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.

      Reply

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