201310.09
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More Good News / Bad News

The Good News on this rainy day 3 of a moderate Noreaster in Tidewater, Virginia, is that foreclosures and “shadow inventory” continue to decline.    The meteorologists tell us we have a couple more days of winds and much needed rain off the Atlantic Ocean.  Likewise, the economists predict that our financial storm is not over…

201208.07
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Short Sales Continue to Increase in 2012

The Hampton Roads housing market is seeing some initial signs of improvement, according to Zillow’s Chief Economist, Stan Humphries (http://www.sfgate.com/business/bloomberg/article/U-S-Home-Values-Post-First-Increase-Since-2007-3731799.php). However, the improvement is quite limited, and the economic conditions that forced so many families into foreclosure or short sale are still present. While the housing market is expected to improve about 1% over the…

201205.16
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Rejoice and Be Exceedingly Glad. A fresh start may come sooner than you think!

http://www.reuters.com/article/2012/05/16/us-housing-borrowers-idUSBRE84F04Y20120516 Very encouraging article in Reuters today about how quickly some “victims” of financial failure have been able to turn their lives around and buy a new home after a short sale. Actual statistics are not yet available nor can an exact amount of recovery time be quantified, but if you are facing a no…