Bank owned properties represent a percentage of available inventory on the market. This week, that number again fell continuing the trend in place since December 2010. Chesapeake and Virginia Beach had no net change in REO counts for the week, while Suffolk had more than a 10% decrease in REO i
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02/27/2011
5232 Norwell Ln Virginia Beach, VA Click For Listing Website Click For Interactive e-Tour Over 2500 square feet of spacious luxury in Virginia Beach. This detached single family house has high ceilings and a great open floorplan. A covered front porch leads to the inviting foyer with sweeping st
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02/23/2011
This week, an increase in non-REO inventory combined with a decrease in REO inventory to bring the counts lower for the seventh straight week of decline. This is the lowest it has been thus far in 2011. Although the REO inventory rose sharply toward the end of 2010, many banks were offering spe
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02/20/2011
Last week's data showed another slight decrease in REO properties as a portion of available inventory on the market in Southside Hampton Roads. In fact, Portsmouth was the only city with an increase in bank owned properties on the market. If you are considering buying a foreclosed property, cont
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02/20/2011
707 North St Portsmouth, VA Click For Listing Website Click For Interactive e-Tour Located just a few blocks from the Portsmouth Naval Hospital in Old Towne, this brick townhouse style condo is ideal in location, features, size, and price. The great room has a wood burning fireplace with separat
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02/15/2011
It seems the National Do Not Call List is a hoax. Although consumers were encouraged to register their numbers on the list when it was first introduced, that registration is only temporary. To remain on the list, you must re-register when it expires. I did exactly that with no lapse in being o
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02/10/2011
First take good marketing photos of the property both empty and with properly staged furniture. When it's time to begin marketing again, use the photos you already have on file to promote the property and let prospective tenants decide if they want to even come see it. Each time you have tenant
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02/06/2011
In spite of the rumors in national media about foreclosure counts expected to rise this year, for Southside Hampton Roads, that doesn't seem to be the case. We began the year at the high point of foreclosure properties (as a percentage of available inventory) and have seen that number steadily f
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02/06/2011
801 Jo Anne Circle Chesapeake, VA Click For Listing Website Click For Interactive e-Tour This spacious brick house is on a large corner lot with an amazing fully fenced back yard. The grounds are beautifully landscaped and include mature trees for shade and character. The formal dining room is p
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02/01/2011