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‘Strategic’ default?

One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.

Foreclosures 6.29.10

A mansion on Chimborazo Park in Richmond plus a $700,000 home in Chesterfield and several with assessed values above $500,000 in Henrico.

The Docket: Circuit Court Roundup for 5.25.10

Lots of businesses trying to collect alleged unpaid bills and unpaid loans this week, plus an eminent domain fight in the City of Richmond and a woman says she slipped and fell on produce at a grocery store. Maybe it was a banana? And a retail clerk wants $4 million from her former employer whom she claims told other workers and customers that she stole and embezzled.

Local firm lands BP claims work

At least a small chunk of the billions of dollars BP has set aside to pay claims for the gulf oil spill will make its way to Richmond.

Local bank looks to raise $15M

Central Virginia Bankshares said Friday that it wants to raise up to $15 million to replenish its depleted capital reserves. But the bank will likely not be making many new loans until it is in better financial shape, the company said in an SEC filing.

Foreclosures 6.22.10

Another huge list of properties this week. Most have assessed values of less than $250,000, but a handful in Chesterfield, Hanover and Henrico are much more expensive.

The Docket: Circuit Court Roundup for 6.21.10

A local hotel wants church Group that rented a big block of rooms to pay for damage when a sprinkler malfunctioned because a customer allegedly put a t-shirt over it, while two companies battle over a non-compete clause.